BSR Insight | Using Public Policy to Enhance Sustainability Initiatives
About the Author(s)
Ryan Flaherty, Manager, Advisory Services
Publication Date
August 25, 2009
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According to a new business brief written for BSR's DR-CAFTA Responsible Competitiveness Project, more governments are developing public policies that encourage corporate responsibility. Common policies include voluntary and binding guidelines, awareness-raising, and fund allocation criteria; however, governments often lack the coordinated, strategic approach necessary to create comprehensive policy frameworks.
To help your company increase the impact of its sustainability program, we recommend the following three tips:
- Engage the public sector and learn about government policies. Taking advantage of existing policies will directly benefit your sustainability initiatives.
- Align sustainability efforts with national strategies and local priorities. Understanding national competitiveness strategies will enhance your sustainability planning.
- Advocate for public policies that promote corporate responsibility. Encouraging such policies is mutually beneficial. Positioning the country as a leader in sustainability will increase national, industry, and firm competitiveness.
About the Author(s)
Ryan Flaherty, Manager, Advisory Services
Applying his extensive on-the-ground experience in developing countries, Ryan brings a unique perspective to BSR’s supply chain strategy work... Read more →
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