Corporate Social Responsibility

Corporate Social Responsibility (CSR) starts with the principle that companies do not exist independently and autonomously, but that they are an integral part of our society. Socially responsible companies accept and take on their responsibilities. They incorporate social and environmental considerations in their business activities and give them the same level of importance as the financial and economic elements. They are attentive to the three “Ps”: “People, Profit, and Planet” and only consider this long-term vision for their company. These companies make a point of tackling this subject in consultation with their employees, shareholders, suppliers, customers and consumers, along with the neighbourhood, the local authorities and other concerned parties, also called “stakeholders”.

On 28 April 2006, the Federal government approved a “CSR Reference Framework”. In terms of CSR, this reference framework presents a framework shared by the public authorities, the companies and stakeholders. This reference framework gives a general definition of CSR and also presents a set of characteristics. In practical terms, this reference framework helps to create a uniform vision relating to CSR.

According to the definition of CSR, practical projects are also needed to boost CSR in Belgium, to facilitate its development and encourage its quality. The “CSR Federal Action plan” was the result of these requirements. The CSR Federal Action Plan was approved by the council of ministers on 21st December 2006 and presents 13 practical initiatives and actions. The public authorities can perform some of these actions. Others are primarily aimed at companies and stakeholders.