NutShell – GCNI Tri-annual Newsletter Aug-Nov 2013
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    NutShell – GCNI Tri-annual Newsletter Aug-Nov 2013 NutShell – GCNI Tri-annual Newsletter Aug-Nov 2013 Document Transcript

    • Vol. 5 Issue II Aug-Nov 2013 nutShell T he G C N I n d i a T r i - annual N ewslette r President’s Desk Dear Members, Welcome to the second edition of ‘nutShell’. As we move closer towards the end of MDGs, we face formidable challenges towards creation of the post-2015 development agenda. To create post 2015development agenda, a high level panel on Post 2015 Development Agenda was created by the UN Secretary General in 2012. The panel now is coming out with various reports on future development processes, which would eventually become the part of the global development agenda. Within this background, the Global Compact is determined to play a pivotal role. The last four months saw some vibrant efforts from Global Compact Network India (GCNI) in this direction. Various events were hosted, and In this issue Contd. on page 2... Leaders Summit 2013: Architects of a Better World 1 “The Global Compact has helped generate a major shift in corporate mindset in just one decade. Enlightened leaders are making sustainability a core part of business strategy. Today, I ask you to be architects of a better world. What was once a call to the founding members of the United Nations is now a rallying cry to business and civil society leaders everywhere. Help us to respond to the urgency of our global challenges and build a better tomorrow”. – H.E. Ban Ki-moon, United Nations Secretary-General Centred on the theme ‘Architects of a Better World’, the UN Global Compact Leaders Summit was inaugurated on 19th September 2013 by H. E Ban Ki-moon, United Nations SecretaryGeneral with the objective to bring together business leaders, government officials, civil society members and the United Nations to discuss mechanisms to create a post-2015 development agenda and putting forward a framework for business to contribute to global priorities. UN Global Compact Leaders Summit, held Contd. on page 2... in the News in focus Meetings India Collaboration Lab: New Alliances for Water and Sanitation | 3 Six City Sustainability and Corporate Governance Training | 4 National Consultation: Supply Chain Transparency & Sustainability | 5 16th International Business Forum | 5 CIDC International Conference on ‘Harnessing CSR for Skill Development & Employment for Youth’ | 7 The UN Global Compact – Accenture CEO Study on Sustainability 2013 Architects of a Better World Monthly Meetings | 14 GCN Newsletter_21thjan14.indd 1 1/22/2014 5:44:52 PM
    • nutShell ...Contd. from page 1 President’s Desk in the news collaborations & partnerships were forged during this period. The highlight of this period was the Leaders Summit, 2013, a triennial gathering under the auspices of United Nations Global Compact, including the launch of Business for Peace (B4P). The largest gathering of its kind, the Leaders Summit represents a unique opportunity for Global Compact participants to discuss corporate sustainability strategy at the highest level, and produce strategic recommendations and action imperatives for the future initiative. In taking forward the agenda of sustainability we forged partnership with Deloitte to conduct a significant training programme on Sustainability and Corporate Governance in Mumbai, Bangalore, Hyderabad, Chennai, Delhi and Kolkata between September and November 2013. We also collaborated with the United Nations Global Compact and CEO Water Mandate to organise India Collaboration Lab, to catalyse collaborative action on water access, sanitation and hygiene (WASH) and other water resource management challenges in India on 22nd and 23rd October 2013. Furthermore, GCNI teamed up with BMW to conduct India Sustainability Dialogue with the objective to take forward the post Rio+20 agenda. Business for Peace ... Contd. from page 1 GCNI also conducted India consultation on Sustainable Agriculture Business Principles (SABPs) on 22nd November 2013 in New Delhi. India Consultation is a part of global feedback on SABPs by UNGC to formulate a new set of principles on Sustainable Agriculture. The report was shared at the Geneva Consultation of UNGC on 2nd December 2013 and was well appreciated. on 19th and 20th September 2013, chaired by the UN Secretary-General Ban Ki-moon provided ‘a platform for 1,200 participants to discuss corporate sustainability strategy at the highest level and produce strategic recommendations and action imperatives for the future of the initiative’. The two projects, ‘Collective Action’ & ‘Strengthen Ethical and Transparent Corporate Governance’, also made good progress during this period. Strengthen Ethical and Transparent Corporate Governance Project had its first Expert Group Consultation on 9th October 2013 in New Delhi. Two focus group consultations were conducted under the same project on ‘integrity pacts in private sector. A two-day National Consultation on Supply Chain Transparency and Sustainability in India under CAP was also conducted in the month of November 2013. The Leaders Summit highlighted that business leaders are now sensitive towards sustainability and there has been considerable progress in this field. The participants realised that ‘by aligning and scaling up corporate sustainability efforts, the Business Engagement Architecture will help business to contribute to global priorities – such as climate change, water, food, women’s empowerment, children’s rights, decent jobs and education – at unprecedented levels’. Such efforts underline that GCNI is making enormous endeavours in creating a sustainable future and forging new partnerships within the ambit of the Ten Universal Principles. However, much ground is still needed to be covered. Although we have started in a right direction, a combined support from governments, corporate sector, NGOs and various institutions is required to sustain our efforts to create and produce effective results. Some efforts in form of Companies Act and others have already been taken by the government. I am sure that through such instruments and support from our member companies, NGOs and institutions we will be able to work better to implement the ten principles of the Global Compact. I wish you all a great year ahead and look forward for your continued support and cooperation in the future programmes and projects of GCNI. UN Private Sector Forum, 2013 The UN Private Sector Forum held on the sidelines of the Leaders Summit, 2013, focussed on the role of the private sector in the post-2015 development agenda, with an emphasis on unique opportunities and challenges in Africa. During this forum the participants engaged in roundtable discussions focussed on four themes: Employment and Inclusive Growth, Education, Women’s Empowerment, and Innovative and Sustainable Finance. “Greatest responsibility is on all of us, as business and community leaders, policy makers and policy implementers, has each one of us a role to play in ensuring that we leave this world a better place for our children than the one we inherited from our forefathers. What is good and what is right is intrinsic to our moral compass.” – Sudhir Vasudeva, Chairman and Managing Director, Oil and Natural Gas Corporation (ONGC), Ltd. and President, Global Compact Network India “The UN Leaders summit witnessed the launch of ‘Business for Peace’ Initiative that aims at expanding and deepening private sector action in support of peace in the workplace, marketplace and local communities. Business for Peace intends to mobilise high-level corporate leadership to advance peace through actions at the global and local levels in order to galvanise progress and scale up positive impacts”. The launch of Business for Peace at the UN Global Compact Leaders Summit, 2 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 2 1/22/2014 5:44:55 PM
    • nutShell on 20th September 2013, was marked by signing of the Statement of Support, facilitated by Sir Mark Moody-Stuart, Chairman of the Foundation for the Global Compact and Georg Kell, Executive Director, UN Global Compact. Mr. Sudhir Vasudeva, Board Member, United Nations Global Compact (UNGC), President, Global Compact Network India and CMD, ONGC, spoke at the Closing Plenary during the Leaders Summit on the theme of ‘Business for Peace’ Initiative in front of over 1,000 audiences. India Collaboration Lab: New Alliances for Water and Sanitation 2 Other UNGC initiatives at Leaders Summit 2013 The Leaders Summit 2013 also witnessed launch of many other initiatives by UNGC in various events during the two-day summit. Launch of the UN Global Compact – Accenture CEO Study on Sustainability 2013: The study includes the perceptions of CEO’s on sustainability. A Framework for Business Engagement in Education: It is a framework for companies to create education and learning opportunities for children, youth and adults. Caring for Climate Business Forum: The Forum was launched to showcase the contributions that business and investors can make towards climate action, while providing a high-level platform for exchange and collaboration with policy makers. Launch of PRME Champions: Based on PRME’s vision to inspire and champion responsible management education, research and thought leadership globally, and comprised of the most involved PRME signatory institutions, the Champions will foster a vibrant learning community that encourages wider and more holistic implementation of responsible management education. Sustainable Energy for All: The event provided real examples of business action in partnership with the Sustainable Energy for All Initiative and inspired further engagement with the initiative through the development of commitments and partnerships on various thematic areas around energy access, energy efficiency and renewables. Source: United Nations Global Compact Leaders Summit 2013 – Summary Report, December 2013, New York, http://www. unglobalcompact.org/docs/about_the_gc/ LeadersSummit2013Report.pdf [accessed on 18 December 2013] 1 The inaugural India Collaboration Lab: New Alliances for Water and Sanitation – a joint effort of the UN Global Compact, Global Compact Network India and the CEO Water Mandate – convened participants from business, social enterprise, civil society and Government to develop partnerships that advance innovative projects in water access, sanitation hygiene (WASH) and water resources management (WRM). The two-day Collaboration Lab, organised on 22nd and 23rd October 2013, provided an opportunity for companies to learn about innovations that address their sustainability challenges, and provided social entrepreneurs and NGOs a chance to access resources to scale these innovations. The Lab also highlighted the central role of Global Compact Local Networks in contextualising and driving sustainability solutions at the local level. Key outcomes from the event included: • • Two new social enterprise-corporate partnerships that will deploy water transportation and purification solutions in Orissa State, one of the most water-stressed states in India, and Creation of the India Collaboration Lab Consortium, which aims to track the progress of partnerships and projects, provide mentoring and support for partnerships, and to increase engagement within the Lab. The Global Compact Network India will host the Consortium meetings, and plans to expand its work over the next six months. The Collaboration Lab was dedicated to the creation of partnership guidelines and included speakers from the Coca-Cola Company, Wello, WWF India and the Planning Commission, Government of India. Participants engaged in a series of interactive and output-focussed sessions and developed a set of six criterias to guide the development of partnerships. Nine innovative solutions addressing WASH and WRM challenges in India were introduced in a rapid fire ‘Innovation Pitch’ session, including a project featured on the Social Enterprise Action Hub which allows rural dwellers, particularly women and children, to transport up to five times more water than traditional transport methods. Source: UN Global Compact website: http://www.unglobalcompact.org/news/631-10-23-2013 [Accessed on 19th December 2013] 2 3 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 3 1/22/2014 5:45:00 PM
    • nutShell in the news Six City Sustainability and Corporate Governance Training Global Compact Network in partnership with Deloitte Touche Tohmatsu India Private Limited conducted the Six City Training on Sustainability and Corporate Governance in Mumbai, Bangalore, Hyderabad, Chennai, Delhi and Kolkata. The trainings were organised in Mumbai on 11th September, Bangalore on 13th September, Chennai on 24th September, Hyderabad on 25th September, New Delhi on 27th September 2013 and Kolkata on 30th November 2013. The training was attended by over 240 participants and included senior personnels from leading GCNI member companies and organisations. The training in the 6 cities were hosted by some of the key Global Compact Network India member companies such as YES Bank in Mumbai, Novozymes in Bangalore, VESTAS in Chennai, NMDC in Hyderabad, Engineering Projects (India) Limited in New Delhi and Coal India Limited in Kolkata. share and disseminate the best practices across the subject area of Sustainability and Corporate Social Responsibility and the application of the Ten Universal Principles. The key areas included in the training were: • • • • • • Titled ‘Looking Beyond Compliance – Embracing Effective Corporate Governance and Sustainability Practices’, the training provided a forum for Indian companies and organisations to exchange experiences, network and work together on activities related to Corporate Social Responsibility (CSR) and the Ten Universal Principles of the Global Compact, with a focus on the best known practices across the spectrum of sustainability. Through this training session GCNI brought together organisations to • Key Sustainability & CSR Frameworks (Global & National) Scenario on present and upcoming Indian Legal Mandates on Sustainability & CSR Alignment/Mapping the above with the UNGC principles requirements What it takes to comply with the 10 Principles of UNGC (Key 4 aspects: Environment, Human Rights, Labour, Anti-Corruption) Best Practices across Sustainability & CSR and its linkage with UNGC Principles Sharing of Best Practices/Case Studies on the 4 dimensions of UNGC Principles by Corporates/PSUs Value of Assurance as per ISAE 3000 & AA1000AS on Reports embracing UNGC Principles The trainings also witnessed presentations on sustainability practices by GCNI and UNGC member companies such as Yes Bank, HCC, Mahindra and Mahindra, Novozymes, Wipro, Coal India Limited, EPIL, DLF Foundation, ITC, VESTAS, NMDC and GAIL. “Gender Equity Means Business” - Women’s Empowerment Principles On 27th November 2013 CARE India in partnership with Global Compact Network India and UN Women hosted the Western Region WEPs Consultation. 31 representatives from 22 companies/ organisations participated in the consultation. The Women’s Empowerment Principles (WEPs), developed collaboratively, by UN Women and UNGC, provide guidance for businesses on how to empower women in the workplace, marketplace and community. The proposed WEPs project is embedded in the Human Rights Based Approach (HRBA), and is aligned to both the objectives of the 2012 UN Conference on Sustainable Development (Rio+20) and supports the overarching UN-Women Strategic Plan 2011-2013. A panel discussion, at the event, moderated by Ms. Sarita Bahl, Director Public Affairs, Pfizer, discussed the need and effectiveness of WEPs from the perspective of diverse industry sectors. The panel comprised of: Ms. Reshma Ghoshal, Vice President, Group Communications & Corporate Social Responsibility, India, Deutsche Bank; Mr. Sudhir K Sinha, Corporate Head – CSR, Cipla Ltd; and Ms. Foram Nagori, Manager Corporate Sustainability, The Indian Hotels Company Limited. 4 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 4 1/22/2014 5:45:00 PM
    • nutShell in the news National Consultation: Supply Chain 16th International Transparency & Sustainability Business Forum Global Compact Network India in partnership with mJunction Services India Limited and Intermodal India organised a twoday National Consultation on Supply Chain Transparency and Sustainability in India at Nehru Centre, Worli, Mumbai on November 15th-16th November, 2013. The two day event deliberated on how Indian companies cope with the inefficiencies in supply chain and how they can overcome it for their competitiveness and growth. Ms Beroze Gazdar (Mahindra) shared that the major challenge faced in supply chain are complex procedures, sub-tier suppliers, and financial transparency. Also 85% of the workforce in India comes from unorganised sector. The challenges faced by Small and Medium Enterprises (SMEs) are lack of resources for set up expansion, and their incapability to access markets. Mr Neville Gandhi (Siemens), in his presentation shared with the audiences that a major step initiated by Siemen’s for supply chain transparency and sustainability is relooking at the process of appointment of vendors. Siemens initiated a drive of removing the fictitious vendors (based on their bank details and address proof ) from its database and appointment of clean vendors. In his presentation, Mr Gandhi advocated Purchase to Pay (P2P) purchasing controls, the kind of governance required in purchase and payment process to maintain transparency in financial cash flows. P2P purchasing controls are normally IT based and balanced mix of detective and preventive controls increase detection rate and consequently control. The overall deliberations of the two days were best summed by Mr Arvind Gangoly who informed participants that India has the cheapest supply chain. Out of the four modes of transport – sea, rail, road and air, businesses majorly use roads as means of transport, followed by rail and air. Cheapest means of transport – sea is opted in the last. Therefore, sea level transport in India should be promoted as the economical means of transport. “If you think the cost of knowledge is high, think about the cost of ignorance”, Said a participant at the 16th International Business Forum (IBF) organised on 21st-25th October 2013 in Istanbul, Turkey, asserting on the need for capacity building for sustainable development. The International Business Forum (IBF) was created by the German Federal Ministry for Economic Cooperation and Development (BMZ) with the aim to raise awareness among enterprises regarding their impact and influence in tackling the challenges of sustainable development and poverty reduction. The event aimed at fostering dialogue and knowledge-transfer between businesses, governments and civil society to promote, develop and scale up sustainable business models in developing and emerging countries. The event focussed on green and inclusive business models and targetted organisations already active in the space or that would like to learn more about combining economic, social and environmental objectives in their business models. The objective of the forum was to identify opportunities where commercial objectives align with development objectives and to explore new ways of cooperation not only between businesses but also between public and private actors. The 16th IBF hosted a variety of innovative and interactive sessions around areas such as Market Linkages, Access to Finance and the Role of Impact Investors, National and International Policy Frameworks and Capacity Development. The 16th IBF provided a platform to find ways and means to overcome organisational barriers, attract more investment in sustainable businesses and improve the regulatory and policy framework for up-scaling such business models. IBF also provided the participants an opportunity to take part in training programmes aimed at increasing an understanding about green and inclusive business. 5 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 5 1/22/2014 5:45:03 PM
    • nutShell in the news India Sustainability Dialogue: The Ecological Challenge With the objective to take forward the post Rio+20 agenda, The India Sustainability Dialogue: The Ecological Challenge was concluded in New Delhi on 15th November 2013. The conference discussed the post Rio+20 outcomes with a renewed focus on the imperative for the business fraternity to channelise their resources and integrate sustainability concepts across the value chain. The conference opened with the welcome panel which included Dr. Uddesh Kohli, Senior Adviser, United Nations Global Compact; Mr. Philipp von Sahr, President, BMW India; Ms. Frederika Meijer Representative India, UNFPA & Country Director, UNFPA Bhutan; Mr. Ashok Baran Chakraborty, CSO, IICA; Mr. Bharat Wakhlu, Resident Director, Tata Services Ltd; and Mr. Pooran Chandra Pandey, ED, GCNI. The panel discussion on the theme ‘Creating a Sustainable Future: From Products to Supply Chain’, was addressed by industry experts, representing industries like Chemical, Retail, Oil & Natural Gas, Automobile, Banking and included Mr. Visvesh Prabhakar, MD India, Operations & Sustainability Services, Accenture; Mr. Andreas Klugescheid, Vice President, Government Affairs, BMW Group AG; Mr. Kamal Meattle, Chief Executive Officer, Paharpur Business Centre; Mr. Santanu Roy, General Manager – Corporate Planning, GAIL (India) Ltd.; Mr. Ganesh Tripathy, Chief Sustainability Officer, Jubilant Life Sciences; and Mr. Srinath Komarina, Assistant Vice President, Yes Bank. The discussion focussed on the theme ‘Creating a Sustainable Future: From Products to Supply Chain’ along with ecological concerns of sustainability. The panel discussion was moderated by Mr. Visvesh Prabhakar, MD India, Operations & Sustainability Services, Accenture, who presented the highlights of the UN Global Compact – Accenture CEO Study on Sustainability 2013. During the discussion the panellists presented cases of best practices taken up by their respective organisations in the field of environment and sustainability. 6 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 6 1/22/2014 5:45:06 PM
    • nutShell in the news CIDC International Conference on ‘Harnessing CSR for Skill Development & Employment for Youth’ The 12th National Plan lays strong emphasis on ‘Skilling India’ and an integrated approach is warranted to streamline the process and achieve maximum impact through amalgamation of efforts of all stakeholders. Mission ‘Skilling India’ and a host of other initiatives launched by the government and the private sector, clearly indicates the need for innovative methods and funding mechanisms where India can nurture talent and hone skills to provide all inclusive and broad-based vocational training to the youth. While many organisations have successfully integrated skill development as a key intervention under their CSR mandate, the dearth of good proposals and robust training systems and providers often stagnate the process. Within this background, Global Compact Network India in collaboration with Construction Industry Development Council (CIDC), conducted a two day International Conference titled ‘Harnessing CSR for Skill Development & Employment for youth’ on 20th and 21st November 2013 at Scope Complex, Lodhi Road, New Delhi. The prime objective of this Conference was to bring together the entire cross section of stakeholders, including donors, vocational training providers, programme developers, evaluators and beneficiaries, on a single platform to discuss, deliberate and think through on the issue of skill development. India Consultation: Sustainable Agriculture Business Principles (SABPs) Global Compact Network India, UN Global Compact and ITC Limited jointly concluded the India Consultation on Sustainable Agriculture Business Principles (SABPs) on 22nd November 2013 at IIC, New Delhi. SABPs aim to be the ‘guiding principles’ for sustainable agriculture by consolidating and referencing the significant advances in practice, policy, technology, knowledge and innovation that have shaped the food and agriculture sector in recent years – particularly those led by the Private Sector. The programme, on the 22nd November 2013 was organised to receive feedback on ‘Sustainable Agriculture Business Principles (SABPs)’ through structured discussions on what constitutes good practice and policy for global agricultural development in both the private and public sector, determining which existing frameworks, indicators and systems can form the basis for better partnerships between stakeholders to deliver sustainable agriculture and food security and establishing the voluntary guiding principles that businesses can subscribe to and should apply for working more effectively with the UN and Governments to realise the goals of ‘The Future We Want’ and the post-2015 development agenda. V.P.S. Arora, Vice-Chancellor, Supertech University; including 68 other participants. Mr. Sivkumar, CEO, Agribusiness Division, ITC Limited and Member in the Core Advisory Group of SABPs, UNGC New York, chaired the session and Ms. Poonam Madan, Consultant & Adviser – Sustainability and Social Enterprise facilitated the session and prepared the Outcome report. The discussions were centred on identifying the main challenges and opportunities for private sector-led sustainable agriculture. The feedbacks from the discussions of the day were presented at the Core Advisory Group meeting conducted in Geneva on 2nd December 2013. Some of the key members who participated in the India Consultation included Dr. Uddesh Kohli, Senior Adviser, UNGC; Mr. S. Sivkumar, CEO, Agribusiness Division, ITC Limited; Mr. Sudarshan Suryavanshi, CEO, Indian Society of Agribusiness Professionals; Mr. Asim Parekh, Vice- President – Technical, Coca Cola; Mr. S.B. Reddy, Executive Director, Syngeeta Foundation; Prof. 7 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 7 1/22/2014 5:45:08 PM
    • nutShell IN focus The UN Global Compact - Accenture CEO Study on Sustainability 2013 Architects of a Better World “Global CEOs Remain Committed to Sustainability, But Report Frustrated Ambition and Call for Policies to Align Market Incentives with Sustainability”. 83% of CEOs believe that governments should step up their efforts to provide an enabling environment for business efforts on sustainability 78% see sustainability as an opportunity for growth and innovation 93% of CEOs see sustainability as important to the future success of their business 80% And see these issues as a route to competitive advantage in their industry Some excerpts from the largest global CEO study on sustainability, by UN Global Compact and Accenture, which identifies approaches that combine high performance in market leadership and sustainability Business leaders’ views on the private sector’s progress in addressing global sustainability challenges are detailed in the survey of 1,000 CEOs and in depth interviews with 75 CEOs. It is the latest triennial global poll by the UN Global Compact and Accenture, and the largest such study of top executives ever conducted on sustainability. More than two thirds of chief executives – 67 percent – believe that business is not doing enough to address global sustainability challenges. Amid evidence that CEOs are strongly committed to embedding sustainability throughout their organisations, the vast majority now call for action to incentivise and reward sustainability leaders and unlock the full potential of the private sector. Fully 78 percent of surveyed CEOs see sustainability as a route to growth and innovation, and 79 percent believe that it will lead to competitive advantage in their industry. However, CEOs see the economic climate and a range of competing priorities creating obstacles to embedding sustainability at scale within their companies. This year, 93 percent of respondents say that environmental, social and governance issues are important to the future of their business, the same proportion as the previous study in 2010. But the proportion describing sustainability as very important has fallen from 54 percent to 45 percent, including only 34 percent of CEOs in Europe. While 84 percent believe that business should lead the way in addressing sustainability challenges, they point to a number of barriers: lack of financial resources, failure to make a link between sustainability and business value, consumers view to consider sustainability as secondary to price, quality and availability and investor ambivalence. “As the CEO study reflects, the challenge at hand is to unlock the full potential of corporate sustainability to transform markets and societies around the world,” said Georg Kell, Executive Director of the UN Global Compact. “With thousands of companies, from market leaders to small enterprises, committed to responsible business practices, we can see that there is enormous momentum. Now, we need policy makers, investors and consumers to send the right signals to spur the next level of corporate sustainability action, innovation and collaboration.” A call for partnerships with governments and market intervention CEOs are demanding greater collaboration between business, governments and policy makers, according to the survey. Forty two percent of respondents now list governments among their top three stakeholders in sustainability. 83 percent of respondents think more efforts by governments to provide the enabling environment will be integral to the private sector’s ability to advance sustainability. Specifically, 85 percent demand clearer policy and market signals to support green growth. “CEOs’ initial optimism has given way to the belief that the constraints of market structures and incentives prevent them from embedding sustainability at the heart of their business,” said Sander van‘t Noordende, Group CEO, Accenture Management To further understand the Sustainability trends in India, the Global Compact Network India along with Accenture is also working on an India specific report with survey and interview inputs from leading Indian CEOs and Business Leaders. 8 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 8 1/22/2014 5:45:08 PM
    • nutShell Consulting. “Many would now welcome government action to reshape market rules. But before taking this step, business leaders should recognise that even in today’s imperfect markets, high performing companies do manage to combine commercial and sustainable success. These companies are harnessing sustainability as an opportunity for growth, innovation and differentiation, and demonstrate that sustainable business is good business.” Special Focus: CEOs on sustainable business in the Asian Century Asia faces a ‘trilemma’ of challenges: rising affluence and consumption; growing resource scarcity and environmental pressures; and ongoing urbanisation at a rapid pace. An analysis of responses to the survey by region reveals some instructive differences between CEOs in Asia and their global peers. This year, fully 76 percent of Asian CEOs expect sustainability to transform their industry within five years, versus a global average of 63 percent. Activity on sustainability appears to on be the rise, with 78% of CEOs reporting that they are incorporating sustainability issues into core business more than they did five years ago. Across Asia, it is clear that business leaders’ priorities often reflect the ‘lens of proximity’: compared with the global average, CEOs place greater store by the importance of education, health, climate change and energy. India makes its mark on the Global CEO Study on Sustainability: 1. 10 India CEOs featured and quoted 2. 14 India business leaders featured 3. >30 company respondents Through the conversations in India, there is a strong sense that personal motivation and commitment remains the single most significant factor in driving companies’ action on sustainability. Perhaps reflecting the prevailing culture brought about by the predominance of family ownership, and the close link to local communities, 50% of Indian CEOs indicate that personal motivation is one of their most significant motivations to act on sustainability; only 25% of CEOs throughout Asia feel similarly. And half of Indian CEOs, versus 15% globally, feel that the impact of development gaps on their business motivates them to take action on sustainability. Indian business leaders are also the least likely to cite market-facing factors behind their approach to sustainability: just 17% of CEOs, versus 47% globally, see consumer demand as a significant motivation, and only 33% cite the potential for revenue growth and cost reduction, a factor selected by 49% of CEOs globally. To further understand the sustainability trends in India, the Global Compact Network India along with Accenture is also working on an India specific report with survey and interview inputs from leading Indian CEOs and Business Leaders. High Performers in Sustainability Using Accenture’s methodology to assess high-performing companies, the report identifies a number of approaches most likely to be taken by what the study categorises as ‘Transformational Leaders’, those assessed as sustainability leaders that also outperform their industry peers on traditional business metrics. These companies more readily accept that the world is not on track to meet the needs of a growing population and that business is not doing enough. They are also more committed to engaging consumers, local communities, policy makers, investors and other stakeholders. The analysis reveals that these leaders set an example for other businesses by being more likely to: • See sustainability as an opportunity for growth and innovation; • Go beyond measuring their emissions and mitigation efforts to fully quantify and track the positive value of sustainability to their company and their impact on the communities in which they operate; • Invest in innovation and deploy new technologies to advance sustainability. “CEOs are clearly disappointed that markets have not aligned with sustainability in the way they had hoped three years ago and would like to see more action from governments to create an enabling environment. But the good news is that they have not lost faith in the role of business to drive sustainability,” Peter Lacy, the study lead from 2007 to 2013, and managing director, Accenture Sustainability and Strategy Services, Asia Pacific. “To move from incremental to large scale transformation, businesses must accept that instead of persuading consumers about sustainability they must give them sustainable products and services they want at prices they can afford. And instead of showing investors the savings made from sustainability, they will have to demonstrate the positive business value it can generate.” “Today, a sound Corporate Sustainable Responsibility program encompasses responsible business strategy and innovative business solutions along with a sustainable business model that not only serves the companies interest but also serves the interest of the society at large”. – Mr. Sudhir Vasudeva, President, Global Compact Network India and Chairman & Managing Director, Oil & Natural Gas Corporation Limited. Vishvesh Prabhakar Managing Director – India Operations & Sustainability Services Accenture vishvesh.prabhakar@accenture.com Dr. Serge Younes Director – India Sustainability Services and Strategy Accenture serge.younes@accenture.com Pooran Chandra Pandey Executive Director UN Global Compact Network India pooran.gcn@gmail.com 9 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 9 1/22/2014 5:45:08 PM
    • nutShell in the news Strengthen Ethical and Transparent Corporate Governance Project Strengthen Ethical and Transparent Corporate Governance Project had its first Expert Group Consultation on 9th October 2013 in New Delhi. This expert group comprised of representatives from the public sector, private sector, government, civil society and small and medium scale enterprises. The consultation deliberated upon the relevance and direction of the Project in India and provided crucial feedback on the Project’s Situation Paper on Ethical Corporate Governance in India. The situation paper explored challenges to Ethical Business Conduct in India and elaborated on Global Benchmarks of Ethical Business Indices. The paper expressly mentions numerous tools and practices available in India at the organisational level to effectively promote ethical conduct and prevent and/or control fraud and corruption, such as, setting up efficient internal control systems; Integrity Pact: Roles & Responsibilities Of Independent External Monitor establishing a code of conduct for employees, top management and directors; instituting a fraud management programme and establishing a whistle-blower hotline. The paper articulates that it is critical that anti-corruption and business ethics training be given to the new generation of business leaders. The private sector can share best practices, training material and resources to support the implementation of integrity programmes and control procedures, and to raise awareness in both the public and private sectors. Finally, improvement in external factors such as effective prevention and robust prosecution and recovery mechanism by governments/ enforcement agencies can provide the necessary impetus in fraud prevention and detection endeavours. Need & Relevance of Integrity Pact in Private Sector Integrity Pacts (IPs) are instrumental in safeguarding transparency issues in public contracts. The most important components in ethical governance are accountability and transparency in massive public fund contracts. Understanding the importance of Integrity Pacts and some of the challenges in implementing them in India, the Strengthen Ethical and Transparent Corporate Governance Project convened a Focus Group Discussion in New Delhi on 22nd October 2013, on ‘Integrity Pact: Role and Responsibilities of Independent External Monitor’. Suggestions emanating from the Focus Group Discussion are: • Separate meeting(s) with Public Sector Undertakings (PSUs), Central Vigilance Commission (CVC) and Independent External Monitors (IEMs) can be organised to assess the expectations of each stakeholder from the other and to especially tap the perception of PSUs towards the role & functions performed by IEMs. • Develop FAQs on the expected roles and responsibilities of IEMs. • A study could be undertaken on IEMs to analyse their contribution in bringing transparency in the operations of the organisations, both quantitatively and qualitatively. • Most of the IEMs present in the meeting were retired bureaucrats. It was realised that there is great possibility for them to assist ministries towards formulating rules and regulations for implementation of IPs. • It was also stressed that reach of IP should be expanded to other sectors such as Banking and Extractive Industries. • There are 250 or more PSUs operating in India of which only 46 PSUs have signed IP with Transparency International around 40 PSUs have implemented IP independently, remaining PSUs should be convinced to sign up to IP. • The pitch to sign the IP should be raised higher to include 600 or more state level enterprises. Strengthen Ethical and Transparent Corporate Governance Project had its second Focus Group Discussion on 22nd November 2013 in New Delhi on ‘Need and Relevance of Integrity Pact in Private Sector’. Integrity Pacts are instrumental tools in curbing corruption in business operations and hence play a pivotal role in the private sector. The discussants unanimously stressed that specific legal obligation should be added to IP to enhance its acceptance ratio in Private Sector. Various government bodies i.e. Ministry of Corporate Affairs, Parliamentary Committee on Finance could take the initiative to sensitise people about ethical business conduct through signing of IP, thus creating a positive impact. IP can be promoted on project to project basis for the private sector with proper undertaking & whistle blower mechanisms composite and vigilant of all issues. 10 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 10 1/22/2014 5:45:10 PM
    • nutShell in the news Consultation with the Planning Commission on Companies Act, 2013 Corporate Social ResponsibilityA True Business Case Global Compact Network India in collaboration with the Planning Commission organised a round table consultation titled Civil Society Window/Roundtable on ‘Planning Commission’s role in offering a platform to key stakeholders in providing greater clarity on provisions of Rules of Companies Act 2013. The event was organised on 27th November 2013, in New Delhi to deliberate on the role that Planning Commission could play in informing the stakeholders about the various provisions and clauses of the Companies Act 2013. “Corporate Social Responsibility is thus not just a question of fairness and justice, but part of the best way a company can develop its sustainability in the long run. I am therefore encouraging all CEO’s and business people to continue their efforts.” Given its distinctive role, position and mandate, Planning Commission is uniquely placed to take a leadership role as a neutral, non-partisan, independent think tank and also as an able convener and arbiter for resolving policy dilemmas that are emanating from the recently passed Companies Act 2013. This initiative of the Planning Commission in form of Civil Society Window/Roundtable at a time when rules of the Companies Act are being framed assumes great significance. Such a convening will create a platform for co-operation and partnerships between and among key stakeholder and partners to make the provisions on CSR in the Companies Act a truly social transformational tool. The event was attended by key stakeholders and senior advisers from the Planning Commission, who discussed the key areas where the Planning Commission could take a lead and provide the greater clarity about the various CSR provisions in the Companies Act 2013. Said H.E. Minister Didier Reynders, Deputy Prime Minister and Minister of Foreign Affairs, Foreign Trade and European Affairs, Government of Belgium, on 28th November 2013 in Mumbai on the occasion of the Belgian Economic Mission to India. On this occasion Global Compact Network India in partnership with Global Compact Network Belgium and UNICEF organised the panel discussion on ‘Corporate Social Responsibility – A True Business Case’ at Hotel Sofitel in Mumbai. The event aimed at understanding how sustainability efforts in partnership can strategically leverage shared value for the long term. The event was graced and presided by Her Royal Highness Princess Astrid of Belgium and was attended by over 200 participants. The event included a panel discussion that discussed some of the fundamental business issues such as Evolution of the concept of sustainability, Is the new provision of CSR rules in the interest of business and society?, Partnerships and collaboration, and Investors and capital market. Some of the key participants at the event included Dr. Bhaskar Chatterjee, DG & CEO, IICA; Mr. Deepak Arora, Vice President, Corporate Social Responsibility, ESSAR Foundation; and Mr. Karl Van den Bossche, Consul General of Belgium in Mumbai. The seminar aimed at bringing together Indian, Belgian and International high level experts, academics and business leaders to discuss the opportunities and challenges of the sustainability agenda in India, including the mandatory policy on CSR under the new Companies Act. It offered a high level knowledge sharing platform and networking opportunity to discuss recent insights on sustainability, including the opportunities and challenges that arises from the mandatory CSR spends under the new Companies Act in India. Workplace 2020: HR Roundtable Series Global Compact Network India in partnership with Corporate Siksha, organised the Workplace 2020: HR Roundtable Series with the objective to witness exchange of thoughts by HR Leaders to explore, identify and showcase effective and innovative people strategies and practices which enable them in becoming a future ready organisation and overall improve HR/Labour practices. In this endeavour three round table conferences were conducted on 17th September, 25th October, and 27th November 2013, which focussed on two major themes: The Search of Innovation in Performance Management and Branding the Workplace: Retain and attract top talent. The conferences explored, identified and shared some of the real examples and learnings from Indian businesses with respect to the latest practices and trends in performance management. Some of the key experts and professionals attending the meeting included Geetanjali Pandit Gupta, Chief People Officer, Zee Media Corporation, Rajneesh Singh, Founder & Managing Partner, SimplyHR Solutions LLP, Lt Gen Rajender Singh, CEO, DLF Foundation and S Varadarajan, Executive President – HR, Tata Teleservices Ltd. The series addressed important issues of traditional ways of managing employee performance, key drivers of performance management, emerging technologies for rewards and recognition, importance of Manager’s credibility as ‘ability’ to influence performance, the role of organisation leaders in building the talent brand, leveraging talent-brand ambassadors and engaging via social media to effectively manage their talent brands and ensure consistency of brand messaging across stakeholders. 11 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 11 1/22/2014 5:45:11 PM
    • nutShell INTER view Mr. John Bray, Director (Analysis), Tokyo Office, Control Risks Group Bribery and corruption are universal problems, but the Indian respondents in our survey stood out because they were more likely to cite demands for operational bribes as one of their top concerns (76% of Indians compared with the global average of 58%). In our view, this does not reflect Indian enforcement levels – companies are rarely punished for making such payments – but rather the day-to-day hassle of getting things done. All too often, refusal to pay bribes still results in lengthy delays. Q.1 Control Risks has recently come up with a survey on International Business Attitudes to Corruption – Indian Perspectives. What are the key findings? Ans.1 Our survey canvassed general counsels and senior corporate lawyers from more than 300 companies around the world, including 45 in India. Corruption is a major concern for business everywhere, we wanted to find out how companies respond. Two points stand out. First, when asked to identify their top concerns in relation to corruption risks, a clear majority (58%) cite demands for ‘operational bribes’ to secure the smooth running of their business, for example from police officers, customs officials and tax inspectors. These kinds of demands are difficult to deal with because they are often accompanied by an implicit threat: ‘If you don’t pay, your business will suffer’. Secondly, however, many companies lack effective procedures to prevent corruption. For example, 65% of companies surveyed have policies explicitly forbidding bribes to secure business: we think the figure should be 100%. Even more importantly, many companies are weak on effective risk management procedures to back up their statements of principle. For example, only half the companies surveyed have a procedure for integrity due diligence on new business partners. In our experience, such procedures are particularly important in India. Q.2 How do Indian companies compare with those from other countries? Ans.2 Bribery and corruption are universal problems, but the Indian respondents in our survey stood out because they were more likely to cite demands for operational bribes as one of their top concerns (76% of Indians compared with the global average of 58%). In our view, this does not reflect Indian enforcement levels – companies are rarely punished for making such payments – but rather the dayto-day hassle of getting things done. All too often, refusal to pay bribes still results in lengthy delays. On the other hand, only 22% of Indian respondents cite demands for bribes to secure contracts among their top concerns, and this compares with 35% in the US and 34% in the UK. The explanation may lie with patterns of enforcement in India. The main focus of the existing Prevention of Corruption Act is on punishing the officials who demand bribes rather than the companies that pay them. Q.3 What are the major challenges faced by companies operating in India in implementing a ‘zero tolerance’ anti-corruption policy? Are these challenges unique to India? Ans.3 The challenges apply to every large organisation, not just Indian ones. Effective senior leadership to establish the right ‘tone from the top’ is essential. It is equally important to ensure that middle management understands and implements the company’s integrity policy. Our findings point to a mixed picture in India. Some 60% of Indian companies surveyed have board directors with specific responsibility for anti-corruption, and this is a somewhat positive sign of senior commitment. However, they were weak on follow-through. Only 18% are 12 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 12 1/22/2014 5:45:11 PM
    • nutShell increasing budget dedicated to anti-corruption initiatives in the next 12 months, compared with a global average of 35%; and only 9% had anticorruption training programmes, compared with a global figure of 26%. Q.4 Which industry in India is most vulnerable to corruption? Ans.4 Every industry faces its own challenges, and none are immune. In the construction sector, there are significant risks at every stage of the business cycle from winning contracts to project execution. In the pharmaceutical sector, some of the main risks occur at the licensing stage, and again with sales and marketing. In the finance sector, the key risks are often to do with the role of ‘middlemen’ and ‘introducers’ in winning business, and the need to ‘know your customer’ to prevent money-laundering. While the principles are universal, every industry and every company needs to develop their own risk management strategies. Q.5 Will better implementation of the UN Convention Against Corruption (UNCAC) ensure mitigation of corruption from India? Ans.5 UNCAC is important because it sets a common global standard, and India currently falls short in several respects. Proposed new legislation such as the Prevention of Corruption Amendment (Bill), which lays down penalties for individual and corporate bribe-givers, is designed to fill some of the gaps. However, the drafting of new laws is only the first step. As your question implies, implementation is the key. India’s political will to implement existing and future anti-corruption laws effectively remains to be proven. Q.6 Given the current business environment in India, which strategy would be the most effective, in the short and long term, for businesses operating within India? Ans.6 Individual companies need to start by taking responsibility for their own operations. This includes: exercising strong leadership to develop the company’s internal integrity culture; using targeted risk assessment to select the right projects; and resisting demands for bribes in return for short-term benefits. Ultimately, this is the only way to run a sustainable business. However, none of us can solve the world’s problems on our own. There is ample scope for collective business initiatives that go beyond statements of principle to tackle specific, shared problems. Furthermore, business leaders should actively demand better laws and stronger implementation from government, rather than simply waiting passively. Good governance is in everyone’s interests. ___ The full text of the Control Risks survey is available on: www. controlrisks.com/OurThinking/SitePages/Reports.aspx. in the news CSR: A Value Proposition for Business Global Compact Network India (GCN) in partnership with Shikhar – Development Organisation organised the National CSR Summit on 23rd September 2013 at India Habitat Centre, Lodhi Road, New Delhi. Centred on the theme ‘CSR: A Value Proposition for Business’ the summit aimed to develop a better understanding of future requirements related to CSR and the role of businesses in developing the future of CSR in India in collaboration with CSR practitioners, young managers, academicians and students based on the new CSR agenda in the country. It brought together various stakeholders like senior executives, senior managers, csr heads, faculty members, current students, civil society organisations and corporate keen to make a difference. The summit was inaugurated by Mr. Rajiv Shukla – Minister of State Planning and Parliamentary Affairs and Mr. Sandeep Jajodia, CMD, Monnet Ispat and Energy Ltd. along with Dr. Bhaskar Chatterjee, Director General of IICA, Ministry of Corporate Affairs. Some of the key experts who attended the event were Mr. S Y Siddiqui, Chief Operating Officer – Administration (HR, Fin, IT, Company Law& Legal), Maruti Suzuki India Limited , Mr. Parvez Hayat, IPS – Chief Vigilance Officer, PGCIL, Mr. S K Wali, Whole Time Director, J.K Lakshmi Cements Limited and Mr. S K Roongta – Managing Director, Vedanta Resources. The eminent panellists at the event discussed various opportunities, challenges and issues involved in leveraging Corporate Social Responsibility for taking the benefits of growth to the masses. Some of the key themes discussed at the summit were – Companies Act 2013 – Clause 135: Opportunities and Challenges; Sustainability and Societal Performance: A New Paradigm; and Public Private Partnership Approaches in CSR and Sustainability: Myth or Reality. It offered the participants from diverse backgrounds like NGOs, Corporate Foundations, Industry, Government Departments, Media and the beneficiaries to develop an understanding of Corporate Social Responsibility for sustainable comprehensive prosperity as per the new Companies Act 2013. 13 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 13 1/22/2014 5:45:12 PM
    • nutShell Monthly meetings July 2013 Global Compact Network India jointly with India Oil Corporation organised its July Monthly Knowledge Sharing and Networking Meeting on 30th July 2013 on the theme ‘The Strategic Necessity of Corporate Social Responsibility and Business Sustainability’. The event was chaired by Mr. Ashok Kumar Pavadia, Joint Secretary, Department of Public Enterprises, Government of India; and witnessed presentations by Mr. Vinod Pandey, GM – Government Affairs, BMW India; and Mr. Bhibuti Pradhan, CM (HR), IOC; on the themes ‘Business Sustainability’ and ‘The Strategic Necessity of Corporate Social Responsibility and Business Sustainability’ respectively. October 2013 The Monthly Knowledge Sharing and Networking Meeting for the month of October was organised by Global Compact Network India in collaboration with Paharpur Business Centre on 30th October 2013. The meeting with the theme, ‘Consume Less, Share Better – Road to Sustainability’, was presided by Dr. Uddesh Kohli and witnessed two presentations by Mr. Dilip Kumar, General Manager (CSR), Tata Power Delhi Distribution Limited on the initiatives of Tata Power on social development in Delhi and by Mr. Barun Agarwal, Director (Sales), Paharpur Business Centre, on the theme ‘Consume Less, Share Better – Road to Sustainability’ highlighting how Paharpur has developed a unique model to create high levels of air purity. August 2013 Global Compact Network India jointly with TARA (Development Alternatives) organised its August Monthly Knowledge Sharing and Networking Meeting on 29th August 2013 on the theme ‘Scalable and Sustainable Solutions for People and Our Planet’. The meeting was presided by Dr Ashok Khosla, Chairman TARA, and Dr. Uddesh Kohli, Senior Advisor, UNGC. The meeting saw two presentations on the themes ‘Scalable and Sustainable Solutions for People and Our Planet’ by Mr. George C. Varughese, President, TARA, Development Alternatives Group and Sustainability by Ms Laura Donavan, CEO, Partners in Change (PiC). Upcoming publications • UN Global Compact – Accenture CEO Study on Sustainability 2013: Insights from CEOs in the Global Compact Network India • Yearbook on Monthly Knowledge Sharing and Networking Meeting • 8th National Convention’s Outcome report 14 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 14 1/22/2014 5:45:17 PM
    • nutShell Upcoming events The 9th National Convention Transformational Leadership: Ways to Sustainability and Success The National Convention is the largest platform conceptualised by GCNI to bring together opportunities for learning and sharing between the member companies and organisations. A one of its kind initiative, the National Convention brings forth diverse companies and dignitaries on one platform to critically discuss the themes of Corporate Leadership. The Convention represents collaboration and wide participation from the various sectors – Public, Private, Non-Profit and Government. The theme for the 9th National Convention is ‘Transformational Leadership: Ways to Sustainability and Success’. Transformational Leaders are combining sustainability leadership with superior market performance. These sustainability leaders that are outperforming their industry peers on traditional business metrics; these companies are finding ways to monetize sustainability and link action directly with a quantifiable business case, turning sustainability to competitive advantage through potentially transformational new approaches. Date: 14th February 2014 Venue: ITC Maurya, New Delhi About the Venue Nestled in greenery, in the heart of Delhi’s exclusive Diplomatic Enclave, ITC Maurya – A Luxury Collection Hotel, is a tribute to the Golden Age of the Mauryan Dynasty – the first dynasty of India’s empire builders dating back to the 3rd century BC. An imposing structure of superb luxury, the central lobby of the hotel recreates the panelled dome of a Chaitya, or Buddhist hall of worship with a splendid painted mural showing India in all its diversity. Acknowledged as the preferred residence of global leaders, ITC Maurya has had the privilege of hosting heads of state and business leaders for over 30 years. Also, the hotel has established industry benchmarks in its safety and security, wide choice of room/ suite categories and dining options. Knowledge partner: Accenture About Accenture Accenture is one of the world’s leading organisations providing management consulting, technology and outsourcing services, with approximately 2,81,000 employees; offices and operations in more than 200 cities in 56 countries. It delivers its services and solutions through 19 focussed industry groups in five operating groups. Its clients span the full range of industries around the world and include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. 15 | Vol. 5 | Issue 2 | AUG-nOV 2013 GCN Newsletter_21thjan14.indd 15 1/22/2014 5:45:18 PM
    • The Ten Principles of the United Nations Global Compact Human Rights Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and Principle 2: make sure that they are not complicit in human rights abuses. Labour Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; Principle 4: the elimination of all forms of forced and compulsory labour; Principle 5: the effective abolition of child labour; and Principle 6: the elimination of discrimination in respect of employment and occupation. Environment Principle 7: Businesses should support a precautionary approach to environmental challenges; Principle 8: undertake initiatives to promote greater environmental responsibility; and Principle 9: encourage the development and diffusion of environmentally friendly technologies. Anti-Corruption Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery. About Global Compact Network India Global Compact Network India Office Scope Complex, Core 5, 6th Floor (ONGC Office), 7 Institutional Area, Lodhi Road, New Delhi Email: gcnindia@gmail.com www.globalcompact.in Disclaimer: This publication is intended strictly for learning purposes. The inclusion of company names and/or examples does not constitute an endorsement of the individual companies by the Global Compact Network India Office. The material in this publication may be quoted and used provided there is proper attribution. GCN Newsletter_21thjan14.indd 16 Designed and Printed by: Roots Advertising Global Compact Network India was formed in November 2003 and was registered as a non-profit society to function as the Indian local network of the UN Global Compact programme. It is the first local network in the world to be established with full legal recognition. Global Compact Network India (GCNI) is a country level platform for businesses, civil society organisations, public sector and aids in aligning stakeholders’ practices towards the Ten Universally Accepted Principles of UNGC in the areas of Human Rights, Labour, Environment and Anti-corruption. At present, the India network ranks among the top 3, out of the 101 local networks in the world, and has emerged as the largest corporate citizenship and social responsibility organisation in the country with a pan India membership of 162 organisations, who have strengthened their commitment to the UN’s Global Compact Principles by becoming proud signatories of the local network, GCNI. 1/22/2014 5:45:18 PM