The valdez principles: Implications for corporate social responsibility

The Valdez Principles have been formulated to guide and evaluate corporate conduct towards the environment. While at first glance the code appears to impose enormous new responsibilities on firms, a closer analysis indicates that existing regulations and business practices already require businesses...

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Bibliographic Details
Published in:Journal of business ethics
Authors: Sanyal, Rajib N. (Author) ; Neves, Joao S. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1991
In: Journal of business ethics
Further subjects:B Social Responsibility
B Corporate social responsibility
B Business Practice
B Minimum Cost
B Economic Growth
Online Access: Volltext (JSTOR)
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Description
Summary:The Valdez Principles have been formulated to guide and evaluate corporate conduct towards the environment. While at first glance the code appears to impose enormous new responsibilities on firms, a closer analysis indicates that existing regulations and business practices already require businesses to meet many of the environmental goals sought by its proponents. Likely corporate response to the code is examined against this background and with reference to the experience with other voluntary codes of conduct. It would appear that compliance with the code will yield minimal benefits and non-compliance will impose minimum costs for the environmentally-responsible firm.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00383794