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COSI Launch Event
Managing Sustainability in a Multi-Actor Governance Structure
Andreas Rasche, Professor of Business in Society ara.ikl@cbs.dk
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Governance Structure Andreas Rasche, Professor of Business in - - PowerPoint PPT Presentation
Governance Structure Andreas Rasche, Professor of Business in - - PowerPoint PPT Presentation
COSI Launch Event Managing Sustainability in a Multi-Actor Governance Structure Andreas Rasche, Professor of Business in Society ara.ikl@cbs.dk 1 The Political Context for Addressing Sustainability 2 Regulating the Global Business
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Regulating the Global Business Environment
Civil Society Corporations Governments Corporations Corporations Governments Corporations
Extraterritorial Regulation Self-Regulation Civil Regulation Alien Tort Claims Act Firm-Level Code of Conduct UN Global Compact Hard Law Soft Law
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The Proliferation of Sustainability Standards
2000 1990 2010 1980
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Why Do We Have So Many (Competing) Standards?
Convergence of Standards Differentiation of Standards Emergence of common vocabulary Creation of shared ‘certification platforms’ Adoption of industry-level codes of good practice Emphasis on distinctive features Targeting different groups of adopters Offering base or premium level
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What Is the Impact of Sustainability Standards?
Supply Networks Adopting Company Consumer
Government, Civil Society, Peers, Media
Impact on Underlying Sustainability Challenge
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How Do Sustainability Standards Gain Legitimacy?
Input Legitimacy
Inclusion Involvement of stakeholder affected by the issue Procedural Fairness Neutralization of power differences Transparency Transparency of structures and processes
Output Legitimacy
Coverage Number of firms complying with the rules Efficacy Fit of the rules to the respective issue/problem Enforcement Verification of rule implementation
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What Contributions Can COSI Make?
- Measuring (and Quantifying) Impact – fully understanding
issues (e.g. biodiversity) in order to better judge the impact of standards; also considering non-linear interaction effects among different issue areas and the dynamics of commensuration
- Reaching Beyond the Corporate/Industry Perspective – e.g.
how corporate and industry-wide actions affect, and are affected by, planetary boundaries (link ecosystem thinking and corporate sustainability)
- Exploring How Successful Collaboration Can Happen –
- vercoming cultural, cognitive, and institutional barriers;