Corporate social responsibility and global standardization: sustainable environmental management in the chemical industry

Abstract

Corporate social responsibility and sustainable development are issues that been in the forefront of corporate strategy for several decades. The increase in the power of environmental groups, the ease of cross border information flow, and the rising concern of the public with regards to global impact of environmental issues are motivating factors resulting in the establishment of environmental management systems. Many multinational chemical companies, threatened with the possibility of the establishment of new, stricter, environmental laws, are actively working to demonstrate their corporate social responsibility while operating in a global market with regards to developing and implementing voluntary programs to handle the increasingly important issues surrounding environmental responsibility and global sustainability. The integration of the environmental management system into the corporate vision, mission and strategic plan is demonstrated with the ultimate goal of changing corporate culture in the companies which have the power to affect international environmental policies.chemical industry, corporate social responsibility, environmental management system, global sustainability.