329-71 How Corporations are Using a Shift to Strategic Philanthropy to Promote Human Rights while Improving their Business Environment

Summary

Corporations increasingly are embracing the dual challenges of maximizing profits while also promoting the protection of human rights. The latter is at the core of corporate social responsibility and it holds the promise of being good for business. Corporate strategic philanthropy plays a central role in this dual mission of profitability and responsibility. This Good Practice Note provides the context for and offers recommendations relating to each of these elements while demonstrating how corporations are using the shift from traditional philanthropy to strategic philanthropy in the most valuable and measurable way.

Thumbnail image for Corporations increasingly are embracing the dual challenges of maximizing profits while also promoting the protection of human rights. The latter is at the core of corporate social responsibility and it holds the promise of being good for business. Corporate strategic philanthropy plays a central role in this dual mission of profitability and responsibility. This Good Practice Note provides the context for and offers recommendations relating to each of these elements while demonstrating how corporations are using the shift from traditional philanthropy to strategic philanthropy in the most valuable and measurable way.

Issuer

United Nations Global Compact (UNGC)

Year

2012

Region

International

Issuer (type)

United Nations Global Compact Office (International)

Policy Type

Other sustainability policy

Geographical scope

International

Mandatory or voluntary

Voluntary

Main industries targeted

Manufacturing
Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Arts, Entertainment, & Recreation

Restrictiveness

Very High

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 3: Good Health and Well-being
SDG 4: Quality Education
SDG 10: Reduced Inequality
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals