tag:blogger.com,1999:blog-28211070.post5748866094130645620..comments2023-11-06T07:14:36.206+01:00Comments on Sustainability Reporting Central: Emerging markets: Held to the same standards?Ralph Thurmhttp://www.blogger.com/profile/10385892065719519101noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-28211070.post-24088227100021473602007-05-14T20:41:00.000+02:002007-05-14T20:41:00.000+02:00Hello AlysonI have recently come across this blog ...Hello Alyson<BR/><BR/>I have recently come across this blog while I was researching the GRI Framework and I must say that I am quite impressed. You bring an excellent perspective to the discussion of a wide variety of CSR issues. I hope to contribute more comments in the future as I continue to follow your posts. <BR/><BR/>It terms of Emerging markets being held to the same standard, I completely agree. I would find it counter-productive to promote relaxed standards for emerging markets, meanwhile promoting the idea of embracing progressive CSR principles as a way of creating both social and economic value. <BR/><BR/>As you mentioned in your April 18th post (Globalization’s offspring) the evidence shows that successful multinationals in emerging markets often have records of better labour and environmental practices . I would propose that a large portion of these companies' success could be attributed to the fact that they adhere to more stringent business practices (anti-corruption, quality control labour practices, environmental protection, etc.) than they are legally required to (or is the norm for those countries). In other words, I would argue that progressive business practices make sense from an economic viewpoint, and that is exclusive to governmental regulations. <BR/><BR/>It is my hope that businesses will be drive change in emerging markets, as unfortunately governments can often be quite slow (or corrupt). <BR/><BR/>I will stay tuned. <BR/><BR/>Cheers, <BR/>Stephen AlbinatiUnknownhttps://www.blogger.com/profile/09625909328251590816noreply@blogger.com