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Top Story of the Week Walk the Talk, UNGC Advises Business Leaders In a survey of 1,712 company leaders in 113 countries, the UN Global Compact asked about how companies are walking the talk on sustainability. Top line: regarding corporate sustainability, while increasing numbers of chief executives recognize the need to change, they are not following through with concrete actions. The survey results show some progress but there is still a l-o-n-g way to go for even the UNGC signatories to drive sustainability into the DNA of their organizations. The Guardian and UNGC presented the results of the survey (details in the top story this week). One-third of the signatories responded, and the Global Compact leadership saw a gap between “principles and practice” in the various responses to its questions. Call this “what-companies-say-and-then-do” gap. Example: Nine out of 10 boards say they discuss and act on sustainability issues. But just 8% link progress in sustainability with C-suite pay-for-performance incentives. Example: Looking at the supply chain, half of the respondents said they had communicated “expectations” to their suppliers. About 20% help suppliers meet those expectations (say, with training, or other assistance). And a mere 8% verify that remediation steps have been taken. United Nations Secretary General Ban Ki-Moon wrote of the results that "while UN Global Compact participants are on a good track in terms of high-level commitments and goal-setting, much more needs to be done to deepen sustainability efforts in how they think and act, from boardrooms to supply chains." The UNGC is a global collaboration and strategic policy initiative for business; companies are asked to commit to and embrace certain universal principles, and to partner with the UN. Each year the signatories attest to their compliance with the 10 principles, which deal with human rights, labor, environment, and anti-corruption. At this writing, there are 10,000+ participants including 7,000 businesses in 145 countries. Wake up call for businesses: sustainability progress remains slow Sustainability in Focus The 10 Cities That Are Leading The Way In Urban Sustainability Entering the Era of Smart Sustainability Reporting Ethical awards: green wash or genuinely recognising sustainability? Profiting from sustainability: 5 tips for corporate boards Should Climate Risks Be Included in Sustainability Reports? ESG Issues & Players World Water Week 2013 - The global water crisis – why water politics matter for business security Fukushima radiation levels '18 times higher' than thought What are We Talking About When We Talk about Socially Responsible Investing? Asset Managers, US Pension Funds, Sovereign Wealth Funds A New Divestment Focus: Fossil Fuels The origins of the financial crisis: Crash Course NYC Comptroller Candidate Vows ESG-Aware Pensions Making the most of sovereign wealth funds Watching the Watchers Headquarters: Thika, Kenya News Sweeps CSO in Africa to Counter Corporatisation Agriculture African Food Alliance Meets In Ethiopia To Oppose GM Products | G&A Announces... Sustainability & Corporate Responsibility Reporting G&A Institute is the Global Reporting _______________________________ Top 8 Reasons to Contact Your corporate sustainability journey may have begun. Or, the journey may be far along, maturing – and the story being told through the GRI sustainability report. Who is taking notice? Who is recognizing the company's reporting effort (the progress report for corporate achievements), and bestowing recognition? Which of the many “best of” lists, and ratings, rankings, scores ,and other third party judgments is your company being included in – where are you positioned in the race to the top? Learn more About G&A's Awards & Recognitions Program _______________________________ Governance & Accountability Institute Research Reports Corporate ESG Performance Factors & SustainabilityHQ Corporate ESG Performance Factors are important to financial analysts, asset owners and managers, and many stakeholders. The ESG framework or approach considers environmental issues and impacts, the company’s positioning and actions on social/societal issues, and important aspects of corporate governance. ESG key performance indicators are considered by investors as proxies for effective governance and management. Increasing numbers of of independent research and financial analysis firms monitor and measure these and advisie investors. The Sustainability HQ™ platform is an important profiling and monitoring resource for the G&A team, and for our clients and subscribers. ESG market players and corporate reputation influencers are profiled and monitored by G&A Institute. In these Highlights we provide some results of our continuous global scanning for ESG, sustainability and corporate responsibility news.. The Associated Profiles indicated are in our platforms. For more information, please email us atinfo@sustainabilityhq.com
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SustainabilityHQ Highlights is prepared by the Governance & Accountability Institute, Inc. based on continuous monitoring of trends and developments in Sustainability and ESG. The SustainabilityHQ™ platform is available by subscription. Governance & Accountability Instiute is the “Sustainability Headquarters™” for clients in the corporate, investment, public and social sectors. The G&A team provides research, monitoring, advisory and strategic information resources to clients in the corporate, investment, public and social sectors.The G&A services portfolio includes: SustainabilityHQ™ is managed and published by Governance & Accountability Institute, Inc. | ||
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