09
€ 1,429bn
CANADA GDP
Lastly , GOVERNMENTS in different parts of the world are introducing new Corporate Citizenship regulations to encourage and enforce a more active role of companies in addressing societal changes . For example : in India , any company with annual revenues exceeding 10 billion Rupees (~ EUR 142 million ) has to donate 2 percent of its net profit to charitable organizations ( University of Oxford , 2016 ). But also closer to home , regulation relevant to Corporate Citizenship is changing , as illustrated by the EU Directive on Non-Financial Reporting ( European Commission , 2016 ) or the Social Public Procurement Provisions in Sweden ( ILO , 2016 ).
THE UNKNOWN TERRITORY OF GOOD CORPORATE CITIZENSHIP
Most companies have responded to these changing expectations and have increased their Corporate Citizenship efforts over the years . However , many are inevitably venturing into unknown territory : unlike in the US , where corporate citizenship focused reporting standards exist , e . g . from the Committee Encouraging Corporate Philanthropy ( CECP ), Germany has not widely established criteria for good Corporate Citizenship yet .
Many people from both the for-profit and non-profit sectors still argue that companies should focus on their business and limit their social activities to paying taxes and simply making donations to NGOs . Others , however , demand that business plays a more active role . ||