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Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics

Rasche, A./Waddock, S. (2014): Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics, in: Journal of Business Ethics, 122 (2), pp. 209-216.

22 Pages Posted: 1 Mar 2014 Last revised: 13 Nov 2014

Andreas Rasche

Copenhagen Business School

Sandra Waddock

Boston College - Carroll School of Management

Date Written: February 28, 2014

Abstract

This article takes the critique by Sethi and Schepers as a starting point for discussing the UN Global Compact. While acknowledging the relevance of some of their arguments, we emphasize that a number of their claims remain arguable and are partly misleading. We start by discussing the limits of their proposed framework to classify voluntary initiatives for corporate sustainability and responsibility. Next, we show how a greater appreciation of the historical and political context of the UN Global Compact puts several of their claims into perspective. Finally, we demonstrate that the alleged promise-performance gap rests on a selected and one-sided reading of the initiative. We close by pointing to some challenges that the initiative needs to address in the future.

Keywords: United Nations Global Compact, business regulation, corporate sustainability and responsibility, public-private partnerships, soft law

Suggested Citation

Rasche, Andreas and Waddock, Sandra, Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics (February 28, 2014). Rasche, A./Waddock, S. (2014): Global Sustainability Governance and the UN Global Compact: A Rejoinder to Critics, in: Journal of Business Ethics, 122 (2), pp. 209-216. . Available at SSRN: https://ssrn.com/abstract=2402696 or http://dx.doi.org/10.2139/ssrn.2402696

Andreas Rasche (Contact Author)

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Sandra Waddock

Boston College - Carroll School of Management ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

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