The valdez principles: Implications for corporate social responsibility

Journal of Business Ethics · 1991 · Volume 10 · Issue 12

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.

Keywords

Economic Growth, Corporate Social Responsibility, Social Responsibility, Minimum Cost, Business Practice

Enable JavaScript for citation tools and additional paper interactions.