Legitimate Stakeholders

 According to EcoVadis (see http://www.endress.com/_storage/asset/1576641/storage/master/file/6849002/download/eh_EcoVadis_Premium_Report_2016.pdf, chapter 10, p. 24/31) “legitimate stakeholders” are:

  • Governmental organizations (i.e. government environmental protection administrations, anti-trust agencies, customers protection agencies)
  • CSR networks and initiatives
  • Trade unions and employers’ organizations
  • International organizations (i.e. UN, ILO, UNEP, …)
  • NGO’s (i.e. Greenpeace, Clean Clothes Campaign, Transparency international, UFC, …)
  • Research institutes and reputable press (CSR Asia, Blacksmith Institute, …)

A corporate stakeholder is a party that can affect or be affected by the actions of the company and the achievement of its objectives (i.e. employees, clients, suppliers).

 I think that, presently, EcoVadis treats employees as 2nd class stakeholders.

Leave a Reply