In contemporary society, private sector plays a crucial role, either positively or negatively, for the community welfare. Therefore, careful attention must be given to policies aiming at improving business culture. Starting from early 2000s, FONDACA has developed several initiatives at International, European and National level, to give shape to a policy on corporate citizenship aiming to enhance more sustainable standards, and effective reporting methodologies, as well as to foster stakeholder engagement, development of community relations, reorganization of production process and supply chain, and to improve initiatives to better support internal human resources and partnerships with public and social stakeholders.
However, if the purpose is to "take corporate citizenship seriously" and not just carry out public relations or communication activities, much more is needed to be done.
In this regard, increasing knowledge, critical evaluation and definition and implementation of innovative proposals are the main challenges.
FONDACA main relevant areas of work:
- Stakeholder analysis
- Stakeholder engagement
- Sustainability policiesy
- Impact assessment
- Accounting and reporting