Bahrain Responsible Business Survey Presentation


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Bahrain Responsible Business Survey Presentation

  2. 2. 3BLAssociates is Bahrain's first social impact consultancy and think-do-tank, which focuses on multi-stakeholder sustainable and regenerative development in the MENA region. Sustainable Development
  3. 3. Framing Responsible Business As Strategic
  4. 4. Respondents Profile n= 109 respondents
  5. 5. Respondents Understand Corporate Responsibility and Sustainability,ButWhat’s aTriple Bottom Line…?
  6. 6. Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them.
  7. 7. “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”
  8. 8. Supply Chains & Stakeholder Engagement;Not a Part of Social Responsibility?
  9. 9. There’s a Gap Between CSR Understanding & Practice
  10. 10. “Runaway Climate Change is among theTop 5 Global Risks” “A climate crisis with potentially devastating impacts on the global economy” “Climate change is already causing five million deaths a year and is costing the global economy more than US$1.2 trillion – or 1.6 percent in annual global GDP” “Greening the economy is the only way to accommodate nine billion people by 2050” “Two storms - environmental and economic - are on a collision course”
  11. 11. Modified from: Rio +20 Report “Climate Change and Diabetes” Climate Interconnections in Bahrain
  12. 12. Life on earth is more than simply sustainable; it's regenerative. Life is interconnected and interdependent, and the species that survive and thrive on earth are ones that integrate and optimize strategies to create conditions conducive to life over billions of years.
  13. 13. RespondentsWant toWork for Ethical Organizations WithValuesThat MirrorTheir Own
  14. 14. CSR Not in the Mindset of Executives
  15. 15. CSR & Sustainability:Not Strategic
  16. 16. Strategic CSR & Sustainability Pays...
  17. 17. •Johnson & Johnson: By investing in employee wellness, have saved the company $250 million on health care costs in the past decade. •Vodafone M-Pesa: Created a service which allowed microfinance borrowers to conveniently pay loans: 14 million customers in 2011 & $136 million revenues •World Economic Forum: Report highlighted the 3.7 billion people at the BOP who are largely excluded from formal markets.This group, earns an annual income of US$ 2.3 trillion a year that has grown at 8% in recent years, representing a substantial growth opportunity.
  18. 18. •Harvard Business School Study: Investing $1 in the beginning of 1993 in a value-weighted (equal-weighted) portfolio of sustainable firms would have grown to $22.6 ($14.3) by the end of 2010, based on market prices. In contrast, investing $1 in the beginning of 1993 in a value-weighted (equal- weighted) portfolio of traditional firms would have only grown to $15.4 ($11.7) by the end of 2010. •MIT: Research on responsible and irresponsible environmental behavior by U.S. publicly-traded companies from 1980 to 2009 found that companies experienced an average abnormal stock price increase of 0.84% in the two days following an announcement of eco-friendly behavior. Likewise, investors punished companies for eco-harmful events with a corresponding abnormal return of -0.65%. •Examples abound:Real Estate...Eye Care Fund...GE...Charlotte Airport
  19. 19. Employees Unanimously Agree CSR & Sustainability Increases Motivation & Pride of Association
  20. 20. Yet,the #1 CSR & Sustainability Driver is Moral Responsibility
  21. 21. Sustainability ReportingTrends
  22. 22. Organizations Fail to Monitor CR&S Performance
  23. 23. Regional Distribution of 2011 GRI Sustainability Reports The statistics are from the Sustainability Disclosure Database and include information as at 19 April 2012. The Database can be accessed freely at The Database includes sustainability/Integrated reports that GRI is aware of through its Data Partners, the GRI Application Level Check process, registration forms and internet searches. GRI cannot guarantee that the information is accurate or complete. All reports included in these statistics are GRI reports (based on the G3 or G3.1 Guidelines and include a GRI Content Index) unless specifically stated otherwise. Africa 3% Oceania 5% North America 14% Latin America 14% Asia 17% Europe 47% Relative  changes  –  compared  to  2010: Europe 3%  increase Asia 3%  decrease Latin  America 1%  decrease North  America 1%  increase Oceania No  change Africa No  change Regional  distribution  of  2011  GRI  Reports Source: GRI Reporting Trends 2011 Report
  24. 24. 0 12.5 25 37.5 50 2007 2008 2009 2010 2011 2012 Bahrain Egypt Jordan KSA Kuwait Oman Palestine Qatar UAE GRI Sustainability ReportingTrends in MENA
  25. 25. Survey Says:Government Should Support CSR
  26. 26. Survey Says:Private Sector Should Play a Role in Social Development
  27. 27. How ImportantWill Sustainability Be in 21st Century?
  28. 28. "The Stone Age came to an end not for a lack of stones and the oil age will end,but not for a lack of oil.” --Ahmed ZakiYamani
  29. 29. SMEs Don’t Know How toApply CSR & Sustainability
  30. 30. Collective Impact Collective Impact Private Sector Companies Media NGOs Government & Regulatory Bodies Activists & Citizens Professional Associations
  31. 31. Questions & Discussion