Definition
The Caux Round Table (CRT) Principles for Business articulate a worldwide vision for ethical and responsible corporate behavior. As a set of seven core principles, they serve as a foundation for ethical action for business leaders across the globe. The CRT Principles are a statement of aspirations that seek to communicate a world standard against which business social and ethical behavior can be gauged.
The CRT Principles for Business were created through a sophisticated, collaborative process in 1994. The Principles were developed by business leaders and, therefore, carry considerable credibility in the business community. They are the end result of a process that sought to identify shared values, reconciling differing values, and concluding in a shared point of view about business behavior that would be deemed acceptable to and honored by all.
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References and Readings
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Carroll, A.B. (2013). Caux Round Table Principles. In: Idowu, S.O., Capaldi, N., Zu, L., Gupta, A.D. (eds) Encyclopedia of Corporate Social Responsibility. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28036-8_14
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