CORPORATE SOCIAL RESPONSIBILITY: THE ROLE OF CODES OF CONDUCT IN FOSTERING ENVIRONMENTAL SUSTAINABILITY IN LATIN AMERICA

Sa？etak Spanish multinational enterprises (MNEs) are a prime example of how companies benefit from globalization and expand their activities worldwide through foreign direct investment. This paper has a legal perspective, focusing on the environmental performance of Spanish MNEs in Latin America and their corporate social responsibility (CSR) through the adoption of codes of conduct. As a result of a set of factors, Spanish MNEs have implemented voluntary CSR initiatives, strategies and standards in their day-to-day operations. This paper analyses the scope of codes of conduct that are aimed at achieving environmental sustainability in Latin America. The guiding question is whether these codes of conduct are able to influence the environmental performance of Spanish MNEs operating in the region