This thesis has investigated the role of Corporate Social Responsibility (CSR)initiatives like the UN Global Compact in the diffusion of Environmentally Sound Technologies (EST). The study has been performed as a questionnaire-based survey among a subset of the companies that participate in the UN Global Compact
The UN Global Compact is a voluntary organisation that in the words of UN Secretary-General Kofi Annan seeks to “give a human face to the global market”. In other words, the UN Global Compact is a corporate citizenship initiative that explores voluntary mobilisation of business sector for reducing human rights violations, labour rights violations, environmental degradation and corruption.
This thesis has investigated one aspect of this organisation that is related to the environmental principles: what is the potential role of CSR initiatives in the diffusion of Environmentally Sound Technologies. The results show that companies that have a high degree of CSR involvement also have higher utilisation of environmentally sound technologies.
It is believed that one manner of involving business in these issues is to present a compelling business case. The survey indicated that companies that have employed environmentally sound technologies have experienced three main impacts related to: (1) internal cost, (2)market performance and (3) CSR performance. Similarly, the survey indicated that companies experience three main impacts of participating in the UN Global Compact, related to: (1) internalcost, (2) competitiveness and (3) market performance.