Publication: Investing in People : Sustaining Communities through Improved Business Practice
Date
2000
ISSN
Published
2000
Author(s)
International Finance Corporation
Abstract
The private sector, as an increasingly
significant catalyst for positive change, and as an
innovative challenger, is faced with demonstrating
responsibility, and accountability in the development
process. The fast evolution in communications means that
companies' environmental, and social performance are
greatly scrutinized by the widening stakeholder audience,
thus, understanding the boundaries of private sector
corporate responsibility is evolving at a rapid pace. As a
result, new innovative models of assurance, accountability,
and partnership are emerging, which will seemingly - and
hopefully - lay the foundation for sound business
performance. In response, the International Finance
Corporation (IFC) has prepared this Community Development
Resource Guide, which builds on concrete examples of
corporations, and projects where complex environmental, and
social impacts have been dealt with innovatively, and
successfully. Key principles for community development
programs, define the framework of this document, i.e., the
need to engage in effective community consultation, to form
the basis for building trust, and further manage
expectations, by defining roles, and responsibilities,
developing appropriate capacities, and mobilizing core
competencies to set measurable goals, and monitor business
best practices.
Citation
“International Finance Corporation. 2000. Investing in People : Sustaining Communities through Improved Business Practice. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/019d9c3c-03f9-5c3c-bc6b-d298d8616644 License: CC BY 3.0 IGO.”