The CORE Coalition believes that the 'voluntary approach' to Corporate Responsibility has failed. We believe the only way Corporate Responsibility will succeed is through new laws.
The CORE Coaltion is campaigning for new laws in 3 key areas:
Mandatory CSR Reporting:
CORE want companies to report against a comprehensive set of key social, environmental and economic performance indicators. With a standardised approach comes the ability to measure their operations and performance - here in the UK and abroad - and compare them with other businesses.
Directors' Duties:
CORE wants the legal requirement of directors' duties to be expanded. We want a specific duty of care for both communities and the environment. This will mean that a director will have to consider the consequences to communities, the environment, health and safety of their employees, and shareholders before making a decision.
Foreign Direct Liability:
CORE wants affected communities abroad to be protected under UK law and able to seek compensation, for any human rights or environmental abuses committed by UK companies or their overseas subsidaries. If affected communities are unable to claim compensation from UK companies in their own country, we want them to be able to claim here.