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BiD Challenge

Corporate Social Responsibility

Businesses should comply with legal requirements and must also respond to 'softer' societal expectations not written down in law books. The Organisation for Economic Co-operation and Development (OECD) developed guidelines for corporate social responsibility, these are important to consider for BiD entrepreneurs and to comply with.

1. General

Respect human rights, contribute to sustainable development and the employee’s further education.

2. Information

Offer adequate information, financial as well as other, related to business activity, products and services.

3. Employees

Respect the employee’s union rights, co-operate in various ways with the representatives of the employees and counteract child labour. Inform about and reduce the negative consequences of any shutdowns.

4. Environment

Strive for continuous improvement. Protect the environment, health and safety, for example by environmental management systems and apply the principle of caution. Develop and supply products without inappropriate environmental consequences.

5. Corruption

Never offer bribes. Promote openness and the employee’s awareness about the company’s policy regarding bribes and kickbacks.

6. Interest to customer

Give information about products to the customer and establish routines to solve customer controversies.

7. Science and technology

Strive to transfer technology and know-how to the host country.
Competitions: Do not co-operate with competitors in order to reduce competition.

8. Competition

Do not co-operate with competitors in order to reduce competition.

9. Taxes

Pay taxes in time.

For the official document, please visit: the OECD website