Why governments should seek to promote the pursuit of sustainable and responsible business

As ESCAP (2010) points out, there are four convincing reasons why host country governments should seek to promote sustainable and responsible business practices. Firstly, “… citizen groups, civil society organizations, as well as international development agencies have all advocated for inclusive and sustainable development; and governments are expected to play a key role in promoting the economic, social and environmental conditions that favour more inclusive and sustainable development. Governments are under pressure with the challenge of facilitating the transition to a more efficient economy, in conjunction with a fairer and more sustainable society. CSR is widely accepted … as the business sector’s contribution to inclusive and sustainable development. Thus, government can utilize a CSR agenda in pursuit of this goal.” A social driver.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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