Question - What Other Industries Have Adopted Similar Codes Of Conduct?
Answer -
The process that produced the Principles of Conduct, as well as the Principles themselves, reflects a recent trend in the management of global challenges. Leading national and transnational industries [business sectors], such as the oil and gas, apparel and pharmaceutical industries, have come to recognize that their reputations as socially responsible actors are key to their long-term business success. Some industries with similar codes of conduct include:
- Manufacturing (The Fair Labor Association, Worldwide Responsible Apparel Production)
- Extractive (Voluntary Principles on Security and Human Rights, Extractive Industries Transparency Initiative, International Council on Mining and Metals)
- Financial (Equator Principles, UN Principles for Responsible Investment)
- Electronics (Electronic Industry Code of Conduct)