Focus area 1
Promote corporate social responsibility
The Danish Government aims to promote corporate social responsibility (CSR) in businesses of all sizes. The Government plans to improve CSR reporting by large businesses and to equip businesses with the knowledge and tools to work with CSR – in Denmark and internationally.
The Danish Government is implementing the following initiatives to promote corporate social responsibility:
- Encouragement for Danish businesses and investors to continue to extend their commitment to and focus on CSR
- Legislation requiring large businesses to report on CSR in the management review in their annual report
- Legislation requiring institutional investors and mutual funds to report on CSR in the management review in their annual report
- Establish the Council for Corporate Social Responsibility which is to make recommendations to the Government, businesses, and trade and industry
- A new communication forum for CSR (www.CSRgov.dk)
- Campaign activities targeting CSR
- Advice on innovation and CSR for small and medium-sized enterprises via the regional growth-promoting centres
- The ‘Danish Business innovating for World Challenges’ international conference, to select innovation focus areas for Danish businesses
- A knowledge network focusing on CSR and responsible supplier management for businesses, researchers and consultants
- Advice to businesses through Danish representatives in other countries
- Investigation of the role of consumers in relation to CSR
- Progress report every two years on compliance with and commitment to the Global Compact and PRI by Danish businesses