Corporate Social Responsibility (CSR)
01 August 11
A large number of Australian companies, especially in the mining sector, operate globally. Many of these companies operate responsibly, provide employment opportunities for local people and contribute to economic development. However, Australian companies do not always operate responsibly and their activities can cause harm to people, their livelihoods and environment. Australia’s reputation suffers as a result.
The Australian Government needs to do more to promote responsible business practice by Australian companies when they operate overseas. One way to do this is through a strengthened National Contact Point (NCP) for the OECD Guidelines for Multinational Enterprises. This mechanism, already in existence in Australia, needs an overhaul so that it can be more effective in promoting responsible business conduct among Australian companies operating overseas, and in responding to grievances when they arise.