CSR and the business ethics

The Norwegian Embassy, in cooperation with Statkraft, held a conference on “Building Integrity and Business Ethics” in Tiran, on June 2nd, 2016. Ambassador of Norway to Albania, Jan Braathu, opened the conference by giving an introductory speech about Corporate Social Responsibility and the importance of integrity and ethics in public and private sector.

Other keynote speakers of the conference were:

Milva Ekonomi, the Minister of Economy in Albania
Ambassador Romana Vlahutin, Head of EU Delegation to Albania
Tom Kristian Larsen, Managing Director of Devolli Hydropower, Statkraft
Adamantios Frantzis, General Manager of Antea Cement and Founder of CSR Network in Albania
Svein Eriksen, Senior Advisor for the Norwegian Directorate for Public Management and eGovernment
Bulent Tatar, Project Manager for the Moglice and Limak and Hydropower Projects
Per Sundbye, Forensic Leader in South-east Europe for PricewaterhouseCoopers

Among the participants in the conference, were members of parliament, representatives from international organizations, business enterprises, and business reporters.

The objective of the conference was to provide an overview of the national and international standards for Corporate Social Responsibility (CSR), with focus on integrity and business ethics, and also to illustrate how companies doing business in Albania apply those standards.

During the conference, the speakers and participants highlighted several matters including

  • Standards for CSR: building integrity and business ethics are in place but to be implemented.
  • The importance of integrity and business ethics in public and private sectors is not only highly recognized, but it is also demanded by consumers.
  • Integrity and ethics promotes and strengthens development, in particular economic development and the rule of law.
  • The Government leads by example by exercising social responsibility in its own activities, and oversees that state-owned enterprises systematically practice corporate social responsibility and are leaders in this area in their respective fields.
  • The corporate social responsibility standards aim to promote and increase both accountability and transparency in the public and private sectors. This is also considered an effective tool for combating corruption. The benefits of transparency include building trust for stakeholders and creating a positive image for consumers, business partners and citizens. Open and honest reporting on policies, procedures and operations also urge companies to take responsibility for their impact on the society.
  • Corporate Social Responsibility is understood and implemented differently by each country and company. Thus, it is important to continue with the harmonization of practice and the internalization of CSR-standards in the values and policies of public and private entities.