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EU flagThe European approach to corporate social responsibility will be renewed in 2011, with the European Commission promising a strategy paper that it says will "revive the global leadership of the European Union on CSR", writes Stephen Gardner.

The paper will explore how business can make a bigger contribution to the fight against poverty in developing countries, how the United Nations Global Compact can be better implemented in the EU, and how companies can be encouraged to be more transparent in their disclosure of environmental and social information. The last main EU initiative on the subject was in 2006, when the voluntary nature of CSR was emphasised. A Commission consultation on disclosure of non-financial information by companies is open until the end of January.

Stephen Gardner provides regular news to Ethical Corporation magazine. For more information, click here.

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