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A business perspective on voluntary standards
Beaven, Peter
Beaven, Peter
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Beaven_peter.pdf
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BHP Billiton has been given access to mineral resources and we recognise that with this privilege comes an obligation to protect the people and the environment in the areas where we operate. we believe that, the business case for industry adherence to voluntary codes and initiatives is strategically vital and very compelling. While many may choose to frame the objectives of stakeholder engagement, sustainable development, community health and local economic development in moral terms, the reality for industry players is that they simply make good business sense. Effective voluntary standards can add significantly to the achievement of the business case. However, standards must meet the objectives of both companies and society whilst at the same time being practical, consistent and universal in their application. The standards will never replace regulatory standards but can enhance the basic regulatory framework.
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Conference proceedings
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2008
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With permission of the license/copyright holder