The foundation for corporate citizenship and sustainable businesses

IFC/Global Corporate Governance Forum

Corporate citizenship, understood in this document as ethical behaviour in the business culture, strategy and operations, has become an essential element, monitored by investors, creditors and other stakeholders. They recognise that a responsible attitude towards the environment, the community and governance is vital for companies to be successful and sustain their growth in the long term.  

Business management must incorporate human rights, environmental protection and the adoption of anti-corruption measures. The board of directors should bear all these elements in mind when reaching decisions and avoid focussing too narrowly on short-term financial performance.

The boards, collectively, and the board members, individually, are responsible for integrating corporate citizenship into their own corporate governance practices, protecting the rights and interests of stakeholder groups, managing risks and creating long-term value.