Additional CSR frameworks

Listed below are a number of voluntary standards, principles, and frameworks for companies interested in adopting internationally-recognized policies on corporate social responsibility. Some of these standards are specifically focused on the extractive industry, like the Extractive Industries Transparency Initiative, and the International Council on Mining and Metals' (ICMM) Sustainable Development Framework. 

CSR Framework

Description

GoodCompany Guidelines

The GoodCompany Guidelines “are a practical tool to enable companies to assess, improve and report on their social, environmental and financial performance. By using the GoodCompany Guidelines, companies can pinpoint their performance gaps, develop policies to address them and report back to stakeholders.”

Carbon Disclosure Project

“ The Carbon Disclosure Project is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.”

The Equator Principles

The Equator Principles are “a financial industry benchmark for determining, assessing, and managing social and environmental risk in project financing.”

Global Reporting Initiative (GRI)

“The Sustainability Reporting Framework provides guidance for organizations to disclose their sustainability performance. [...] It facilitates transparency and accountability by organizations and provides stakeholders a universally-applicable, comparable framework from which to understand disclosed information.”

The Good Corporation Standard

A for-profit organization that assesses companies against the Good Corporation Standard or against a company's own CSR policy framework.

International Federation for Human Rights(FIDH) 
Corporate Accountability for Human Rights Abuses

"A guide for victims and NGOs on recourse mechanisms in cases of corporate-related human rights violations. The guide was launched in Amsterdam on the occasion of a public debate on corporate justice held in collaboration with the Business and Human Rights Resource Centre and OECD Watch and with the participation of experts such as Olivier De Schutter, UN Special Rapporteur on the right to food, author of the guide’s foreword and former FIDH Secretary General and Katherine Gallagher, Attorney of the Centre for Constitutional Rights and FIDH Vice-President."

Organization for Economic Co-operation and Development (OECD) 
Guidelines for Multinational Enterprises

“The guidelines are recommendations addressed by governments to multinational enterprises operating in or from adhering countries. They provide voluntary principles and standards for responsible business conduct in a variety of areas including employment and industrial relations, human rights, environment, information disclosure, combating bribery, consumer interests, science and technology, competition, and taxation.”

OECD 
Principles of Corporate Governance

“The Principles are intended to assist OECD and non-OECD governments in their efforts to evaluate and improve the legal, institutional and regulatory framework for corporate governance in their countries, and to provide guidance and suggestions for stock exchanges, investors, corporations, and other parties that have a role in the process of developing good corporate governance.”

Principles for Responsible Investment (PRI)

PRI is “an investor initiative in partnership with UNEP Finance Initiative and the UN Global Compact.” The Principles for Responsible Investment provide the framework to address “a growing view among investment professionals that environmental, social and corporate governance (ESG) issues can affect the performance of investment portfolios.”

Social Accountability International

“SA8000 is an international standard for improving working conditions. Based on the principles of thirteen international human rights conventions, it is a tool to help apply these norms to practical work-life situations.”

Transparency International 
Business Principles for Countering Bribery

“The Business Principles for Countering Bribery were originally developed through an extensive multi-stakeholder process involving companies, non-governmental organizations and trade unions as a tool to assist enterprises to develop effective approaches to countering bribery in all of their activities.”

UN Global Compact

“The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.”

The Voluntary Principles on Security & Human Rights

The Voluntary Principles on Security and Human Rights “provide guidance to extractives companies on maintaining the safety and security of their operations within an operating framework that ensures respect for human rights and fundamental freedoms. The Voluntary Principles are the only human rights guidelines designed specifically for oil, gas, and mining companies.”