CSR and Codes of Business Ethics in the USA, Austria (EU) and China and their Enforcement in International Supply Chain Arbitrations

This book analyzes the implementation of CSR reporting and codes of business conduct and ethics in the legal systems of the USA, Austria, and China and their enforcement in international supply chain arbitrations. It recommends a reward-based whistleblowing mechanism, internal oversight by a CSR and Ethics Committee, and external assurance of CSR reports. It also discusses potential contractual claims for damages arising from a loss of profits caused by a loss of reputation. The book is directed at legal practitioners, legislators, board members, ethics and compliance officers, academics, researchers, and students and aims to serve as an inspirational source for the establishment or improvement of a corporate ethics and CSR system.

Format: Paperback / softback
Length: 225 pages
Publication date: 24 February 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into the intricate dynamics of implementing Corporate Social Responsibility (CSR) reporting and codes of business conduct and ethics within the legal systems of the United States, Austria, and China. It explores their enforcement in international supply chain arbitrations, highlighting the growing interconnectedness between long-term profit maximization and corporate ethics. Recognizing the need to combat practices such as window-dressing and greenwashing, the book proposes a robust ethics and CSR system encompassing a reward-based whistleblowing mechanism, internal oversight by a CSR and Ethics Committee comprising independent board members and at least one sustainability expert, and external, independent, and comprehensive assurance of CSR reports provided by auditing firms or newly formed governmental agencies consisting of certified CSR experts.

The author emphasizes the critical role of supply chain leaders in ensuring the contractual enforcement of their codes of business ethics and conduct throughout the supply chain. Against this backdrop, the author presents a comprehensive fictitious case scenario, shedding light on a supply chain dispute arising from a breach of the code of business conduct and ethics by a lower-tier supply chain member. Recognizing that international supply chain contracts often fall under the jurisdiction of English law or law based on English law, the author delves into potential contractual claims for damages stemming from a loss of profits caused by a loss of reputation resulting from violations of core provisions of the chain leader's supplier code of conduct, as governed by English law.

The book's insights are particularly relevant in today's globalized business environment, where multinational corporations operate across borders and rely on complex supply chains. It underscores the importance of ethical and sustainable practices not only for the well-being of society but also for the long-term viability and competitiveness of businesses. By examining the legal frameworks and enforcement mechanisms in different countries, the book provides valuable guidance for practitioners, policymakers, and stakeholders seeking to establish and maintain ethical and responsible supply chains.

Weight: 379g
Dimension: 235 x 155 (mm)
ISBN-13: 9789813360754
Edition number: 1st ed. 2021