RT Article
T1 Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics
JF Journal of business ethics
VO 122
IS 2
SP 209
OP 216
A1 Rasche, Andreas
A1 Waddock, Sandra
LA English
PB Springer Science + Business Media B. V
YR 2014
UL https://www.ixtheo.de/Record/1785651129
AB This article takes the critique by Sethi and Schepers (J Bus Ethics, 2013, in this thematic symposium) as a starting point for discussing the United Nations (UNs) Global Compact. While acknowledging the relevance of some of their arguments, we emphasize that a number of their claims remain arguable and are partly misleading. We start by discussing the limits of their proposed framework to classify voluntary initiatives for corporate sustainability and responsibility. Next, we show how a greater appreciation of the historical and political context of the UN Global Compact puts several of their claims into perspective. Finally, we demonstrate that the alleged promise–performance gap rests on a selected and one-sided reading of the initiative. We close by pointing to some challenges that the initiative needs to address in the future.
K1 Soft Law
K1 public–private partnerships
K1 Corporate sustainability and responsibility
K1 Business regulation
K1 United Nations Global Compact
DO 10.1007/s10551-014-2216-6