Stakeholder Forum partnered with Brazilian NGO Vitae Civilis to convene the Dialogue on a Convention for Corporate Social Responsibility and Accountability with support from the Ford Foundation. The project set up a multi-stakeholder dialogue involving corporations, civil society organisations, intergovernmental organisations, CSR initiatives to discuss the need for an international framework/convention on Corporate Social Responsibility and Accountability at the Rio+20 negotiations.
The project disseminated discussion papers on how a convention or an international policy framework can address key issues around corporate accountability. These papers addressed different issues around corporate accountability: sustainability reporting, supply chains' responsibility, access to remedy and redress, the inclusion of small and medium enterprises.
Within the Rio+20 process, we organised side events and governments' workshops during the preparatory meetings in New York and conference days in Rio in June. These aimed at offering a platform for different proposals to enhance the accountability of the private sector in sustainable development to be heard by delegates and stakeholders. Ultimately, we focused on following up the proposal to agree on a Global Policy Framework that would require large and listed corporations to develop and publish their sustainability reports. For this work, we worked in coordination with the Corporate Sustainability Reporting Coalition and the Global Reporting Initiative. Since transparency is an area related to the accountability of corporations, this would be a first step to regulate how corporations assess and manage their impacts.
Future work includes linking this agenda to broader accountability demands on corporations, strengthening the case for an international framework that regulates CSRA, and monitoring the work of the governments' group 'Friends of Paragraph 47' launched at Rio on the 20th of June, 2012.