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The Valdez Principles: Implications for Corporate Social Responsibility

Rajib N. Sanyal and Joao S. Neves
Journal of Business Ethics
Vol. 10, No. 12 (Dec., 1991), pp. 883-890
Published by: Springer
Stable URL: http://www.jstor.org/stable/25072231
Page Count: 8
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The Valdez Principles: Implications for Corporate Social Responsibility
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Abstract

The Valdez Principles have been formulated to guide and evaluate corporate conduct towards the environment. While at first glance the code appears to impose enormous new responsibilities on firms, a closer analysis indicates that existing regulations and business practices already require businesses to meet many of the environmental goals sought by its proponents. Likely corporate response to the code is examined against this background and with reference to the experience with other voluntary codes of conduct. It would appear that compliance with the code will yield minimal benefits and non-compliance will impose minimum costs for the environmentally-responsible firm.

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