Does CSR Contribute to Sustainable Development? What a Régulation Approach Can Tell Us
Résumé
We argue that corporate social responsibility depends on two distinct stylized facts concerning régulation and power. The first\textemdashinstitutional CSR\textemdashis institutional in nature, the other\textemdashstrategic CSR\textemdashis economic and productive. The former permits and stabilizes the latter, which in turn gives rise to political compromises structuring institutional mechanisms. CSR strategies and institutions correspond to a private, oligopolistic régulation which shows no signs of being able to pursue a sustainable development regime.