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June 2017
World Business Council
for Sustainable Development |
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Welcome to the June 2017 edition of the Social Impact newsletter, WBCSD's monthly digest of work program updates, opinions, case studies and news on the role of business in fueling inclusive growth.
We look forward to hearing from you if you have any comments or questions on this newsletter or more generally on the WBCSD's work. For up to date information on our activities, we encourage you to view our News & Insights page, connect to the Inclusive Business blog RSS feed, and Twitter @WBCSD.
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WBCSD releases CEO Guide to the Circular Economy |
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The Guide aims to give CEOs and business leaders the tools they need to implement circular economy principles. The Guide was developed in cooperation with Accenture and is signed by CEOs from the following companies: Accenture, AkzoNobel, BASF, Danone, ENEL, IFF, DSM, Philips, Solvay, Stora Enso, Tata, Unilever, and Veolia. It outlines five business models and three disruptive technologies companies can explore and implement in order to seize the USD$ 4.5 trillion opportunity the circular economy represents. |
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| Business: Catalyst for sustainable living |
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| Gilbert Ghostine, CEO at Firmenich and co-Chair of WBCSD’s Sustainable Lifestyles Cluster alongside P&G, shares his views about the extent to which businesses are accelerating their impact as catalysts for social purpose. “Simply put, to grow as a business, you can’t leave society, nor the planet, behind.” |
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| Social Capital Protocol: Making companies that truly value people more successful |
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| The Social Capital Protocol aims to mainstream the measurement of social impacts for business - shifting the improvement of social performance from an optional extra to a core part of business decision making. The Protocol serves two purposes: as a consistent process to guide companies through the journey of measuring, valuing and better managing social capital; and as a framework for collaboration to move towards standardized approaches for business. The Protocol is based on inputs from over 50 WBCSD member companies, an advisory group of 20 expert partners, and four WBCSD Global Network partners. |
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| WBCSD inclusive business news & updates |
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| Browse through a brief collection of inclusive business related news & insights from around the world for the past few weeks – topics include rural livelihoods, access to energy, sanitation, and executive education opportunities.
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| Social Impact news from around the world |
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Food is a human right, not a commodity
Emmanuel Faber, CEO of Danone, argues that “food is not a business like others. Food is not a commodity. It is far more important. It is not a consumer good. It is precious. It is a human right (…). Economy without social progress is barbarity. Social progress without economy is utopia. This is why the ultimate goal of the free market economy needs to be social justice. And the right to food is a fundamental of social justice.” |
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“The commitment to uphold labor standards and human rights in global supply chains is unprecedented”
The G20 governments represent not just the lion’s share of the global economy (85% of the world’s GDP), they account also for two thirds of its citizens. John Morrison, Chief Executive, IHRB, unpicks the recent Ministerial Statement titled “Towards an Inclusive Future: Shaping the World of Work”, issued under the German chair of the G20 during 2017. In his view, “the UN Protect, Respect, Remedy framework on business and human rights is clearly foundational in how Governments will be making their claim to be developing a more ethical globalization.” |
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Reaching scale in access to energy
What can be learned from the early successes of solar lanterns distributors? Will Pay-as-you-Go be the 'silver bullet' of solar home systems? Is there a commercially sustainable model for clean energy microgrids? Why are improved cook stoves not scaling as fast as solar lanterns? What is the business potential for solar irrigation pumps? This new report by Hystra surveys the energy access landscape, focusing on opportunities to scale, drawing lessons from the in-depth analysis of 26 pioneer practitioners. |
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