You’ld Be Surprised How Much it Costs to Look this Cheap! A Case-Study on ISO 26000
Presented at TILEC: Tilburg Law and Economics Centre 7-8 November 2013
28 Pages Posted: 16 Jul 2014
Date Written: February 14, 2014
This chapter examines the cost-benefit for ISO 26000. The first section of the chapter goes back to the origins of the standard to determine what made ISO embark on the project and why ISO 26000 was developed as a non-certifiable guidance standard. The second section examines whether ISO 26000, and standardization of SR in the broader sense, is appropriate to further the sustainable development agenda, and what role ISO can and cannot /should not play in same. The argument holds that the money spent on developing and procuring the standard may have been more efficiently spent elsewhere, that is on alternative processes of SR governance that promise to, and actually make companies' clock tick: the pursuit of civil tort liability cases against subsidiaries and holding companies before jurisdictions in the 'developed' world.
Keywords: CSR, ISO, Standardisation
JEL Classification: K23, K32, K33
Suggested Citation: Suggested Citation