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View a web version of this email here
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May 2017
World Business Council
for Sustainable Development |
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Welcome to the May 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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| News from the Social Impact Cluster |
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Advancing human rights due diligence & disclosure |
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WBCSD is convening two workshops over the coming months on the topic of business and human rights. The workshops (Johannesburg 13 June 2017 and New York City 13 July 2017) will be facilitated by Shift and will most notably look into exploring best practice in terms of human rights due diligence and integration; outlining how the UNGP Reporting Framework can be used as a key management and reporting tool; and highlighting connections between operationalizing the UNGPs and contributing to the broader Sustainable Development Goal agenda. Interested WBCSD members are welcome to contact James Gomme, Manager, Social Impact, at gomme@wbcsd.org |
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| Alleviating poverty through inclusive business – Summary of policy dialogue in Berlin on 5 May 2017 |
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| Under the German G20 Presidency, a one-day policy dialogue in Berlin zoomed in on the role of governments in proactively promoting inclusive business policies. Some 75 delegates from academia, business, civil society, donor and finance institutions, governments, intermediary and multilateral organizations from 25 different countries attended the dialogue. WBCSD was represented by Filippo Veglio, Managing Director, Social Capital and by Davide Fiedler, Manager, Social Impact. Veglio participated in a panel discussion focused on how inclusive business solutions can deliver both business and societal value, in full alignment with the SDGs. |
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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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| Leading companies share experiences and recommendations on impact valuation |
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| Over a dozen companies – most of which are WBCSD members – have come together as an informal group called the “Impact Valuation Roundtable” (IVR). Their goal is to build on and operationalize existing frameworks like the Natural and Social Capital Protocols. By sharing best practice and learnings, the group aims to facilitate uptake and implementation of available natural and social capital concepts; identify benefits and limitations of techniques and achieve increased alignment on valuation techniques and data sources used. This valuable, user-driven push for consistency and comparability is essential to accelerate progress towards integrated performance management – a key pillar of WBCSD’s strategy and work on non-financial measurement and valuation.
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| Social Impact news from around the world |
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Business and the Sustainable Development Goals: Meaningful contribution has human rights agenda at its core
Respect for human rights tends to be seen as something necessary but basic, from which leading companies have already moved on to more innovative, leadership-oriented, collaborative initiatives. Moreover, because respect for human rights is an expectation of all companies, it is often seen as merely a matter of compliance and risk management, and distinct from initiatives that are characterized as transformative. A short framework laid out by WBCSD partner Shift lays out the extent to which corporate respect for human rights lies at the core of a meaningful way for companies to contribute to the SDGs, from philanthropy to shared value initiatives, environmental projects to innovative financing, and workforce engagement to anti-corruption efforts. |
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Delivering shared prosperity
IFC Sustain magazine – Jane Nelson, Director of the Harvard Kennedy School’s Corporate Social Responsibility Initiative, highlights three key steps leading extractive companies are taking to address a complex array of sustainability challenges: ensuring sustainability excellence in core operations; building partnerships to address systemic challenges; and engaging transparently and effectively with stakeholders. |
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Inclusive growth and e-commerce: China’s experience
A new report from Alibaba Group’s research arm bolsters the argument that e-commerce can play a role in the sustainable development of still-growing economies. According to AliResearch, China is now home to nearly 40 million micro, small and medium-size enterprises, of which 5 million engage in international trade and contribute about 60 percent of China’s total export and import volume. |
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