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Topic: Business
Number of pages / Number of words: 2 / 421
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However, the process of turning executive commitment into operational reality remains a great challenge. Many mechanisms are required to effectively implement these commitments, but the Global Compact helps drive these commitments forward by providing a model against which they can be tested, measured and improved, while at the same time providing a dynamic system for cooperation and learning from a broad range of participants...


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While we believe that MNC’s policies have the greatest effect on SME development and CSR practices, we also believe that multilateral organizations can contribute significantly to such development. Although the role of multilateral institutions was not specifically discussed in our case studies, multilateral institutions like the World Bank, the UNDP, the Asian Development Bank, the Inter-American Development Bank, as well as bilateral aid programs like AusAid, USAID, and DFID and other CSR and SME organizations like WASME and WBCSD, have critical roles to play in facilitating activities that will promote CSR capacity and institution building policies and projects...


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