Corporate Social Responsibility has the stated aim of encouraging the positive contribution of business to socio economic development and reducing the risk of possible negative impact, including along the complex systems of global supply chains, thus becoming an intrinsic part of the way business does its business. This approach recognizes that enterprises have a responsibility to ensure that jobs are decent, workplaces are safe and inclusive, proper wages are being paid and workers have a voice to come up for their rights. At the same time genuine CSR seeks to encourage the positive impact of the private sector as a major player in society creating jobs that provide incomes and learning opportunities. To fully harness the potential of the private sector, the ILO was one of the first international organizations to adopt an instrument that introduces a social dimension to the forces shaping globalization, The Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration). In the 1970s it was ahead of its time and today it is more relevant than ever to engage with business and achieve a fair globalization.