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. ||