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International Anti-Corruption Collective Action Conference

24 – 25 June 2024

Anti Corruption Collective Action Conference
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24 June 2024 marked the 20th anniversary of the Tenth Principle of the United Nations Global Compact. The principle calls upon businesses to work against corruption in all of its forms, including bribery and extortion.

Corruption impedes business growth, escalates costs, and poses serious legal and reputational risks for companies. However, systemic corruption issues are too complex for any company to tackle alone. The private sector must work collectively to unlock the business benefits of good governance.

The UN Global Compact Network UK, along with Country Networks from across the globe, were at the Basel Institute on Governance’s International Anti-Corruption Collective Action Conference to explore the future of innovative anti-corruption collective action initiatives.

2024 SDG Innovation Accelerator for Young Professionals

12 – 13 June 2024

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The fourth camp of our 2024 SDG Innovation Accelerator for Young Professionals took place on 12 and 13 June 2024. Over two days, our Innovators prototyped, tested, and validated solutions to their SDG business challenge. Our Innovators learned about prototyping, how it is applied in different industries/contexts, and how it can be applied to their solution. Using an impact management framework, participants learned and practised how to develop a basic impact pathway with related metrics to measure and communicate the progress and impact of their solutions across different stages. The last part of the day involved deepening the understanding of impact management by including more steps (setting targets, implementing, monitoring, evaluating, and communicating) to guide participants on how to validate their SDG solutions.

Thank you to Impact for facilitating an interactive and insightful session, and Duke Corporate Education and Irwin Mitchell for hosting us.

Find out more about the programme here: https://www.unglobalcompact.org.uk/global-goals-sdginnovation/

Reuters Events’ Responsible Business Europe

11 June 2024

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On 11 June, our Executive Director spoke in the opening keynote session at Reuters Events’ Responsible Business Europe conference along with Eliot Whittington (Executive Director, Systems Change, Cambridge Institute for Sustainability Leadership) and Renata Jungo Brüngger (Member of the Board of Management. Integrity, Governance & Sustainability, Mercedes-Benz Group AG).

They spoke about integrating sustainability throughout the business. Steve said that a clear and credible commitment to sustainability from the top was an essential starting point and then sustainability needed to be integrated into the goals (and incentives) of every team and individual in the business. He noted that it was fortunate there was a strong business case for sustainability for almost every business function from human resources through finance, marketing, procurement, and operations.

Transformational Governance Workshop

20 February 2024

Transformation Governance event

Increasing investor, customer, and employee expectations are pressuring companies to be more accountable, ethical, inclusive, and transparent. Implementing Transformational Governance can drive responsible business conduct, improve ESG performance, and strengthen public institutions, laws, and systems.

To guide businesses to stay at the forefront of governance, thought leadership, and action by applying a broader approach to the “G” in ESG, we hosted a workshop on Tuesday 20 February 2024 in partnership with RELX.

We explored the new UN Global Compact Transformational Governance Self-Assessment Tool, a free tool that enables companies to assess their baseline, identify areas of improvement, and gain actionable insights.

The thought leadership and knowledge contained in the tool can help companies strengthen their policies and procedures, and inspire impactful actions - both within their company and in society. The tool is confidential, based on self-reporting, and is meant to be a learning platform.

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Key takeaways:

  • SDG 16 (Peace, Justice and Strong Institutions) is the least understood by business but arguably the most consequential to business. Responsible businesses want to operate in communities where there are institutions, laws, and systems that protect their rights and the rights of the individuals they employ and serve.
  • Transformational governance (“TG”) provides a framework for businesses to address rising shareholder and stakeholder expectations by adopting an expanded vision (and ambition) for governance that aims to have an impact both internally on a company and externally on society.
  • The TG Self-Assessment Tool is a free and voluntary tool that enables companies to assess their TG baseline, identify areas of improvement, and gain actionable insights. The thought leadership and knowledge contained in the tool can help companies strengthen their policies and procedures, and inspire impactful actions - both within their company and in society.
  • Corporate action on TG includes internal measures, such as implementing a Code of Ethics, creating training and a culture of integrity, and ensuring the same standards across the supply chain. Externally, businesses can move beyond legal minimums to advance peace, justice, and strong institutions.
  • Through TG, businesses have the opportunity to positively contribute to SDG 16 by implementing targeted measures in the areas of ethical leadership, integration of ESG factors in business relationships with third parties, rule of law, and advocacy and influence including responsible lobbying.

UN Global Compact participants have exclusive access to curated content, toolkits, and workshops that help them address their business challenges.

Please get in touch here if you are interested in becoming a member.