This white paper discusses business sustainability from the perspectives of seven Global Agenda Councils. It defines sustainability as involving the environment, economic development, human rights, and other factors. Businesses are increasingly adopting sustainable practices that benefit communities, the environment, and profits. An integrated understanding of sustainability across multiple stakeholders is important for guiding future business policies and practices.
Global Information Technology Report 2014Elena Kvochko
The Global Information Technology Report 2014 features the latest results of the Networked Readiness Index, offering an overview of the current state of ICT readiness in the world. This year’s coverage includes a record number of 148 economies, accounting for over 98 percent of global GDP. In addition, it features a number of essays that inquire into the rewards and risks accruing from big data, an unprecedented phenomenon in terms of the volume, velocity, and variety of sources of the creation of new data. These essays also advise on the changes that organizations, both public and private, will need to adopt in order to manage, make sense of, and obtain economic and social value from this vast quantity of newly generated data. In addition, the Report presents a wealth of data, including detailed profiles for each economy covered and data tables with global rankings for the NRI’s 54 indicators.
Global Information Technology Report 2014Elena Kvochko
The Global Information Technology Report 2014 features the latest results of the Networked Readiness Index, offering an overview of the current state of ICT readiness in the world. This year’s coverage includes a record number of 148 economies, accounting for over 98 percent of global GDP. In addition, it features a number of essays that inquire into the rewards and risks accruing from big data, an unprecedented phenomenon in terms of the volume, velocity, and variety of sources of the creation of new data. These essays also advise on the changes that organizations, both public and private, will need to adopt in order to manage, make sense of, and obtain economic and social value from this vast quantity of newly generated data. In addition, the Report presents a wealth of data, including detailed profiles for each economy covered and data tables with global rankings for the NRI’s 54 indicators.
The third programme has taken place during 2020, engaging more experts on the pivotal shifts via virtual workshops and wider community debate.Here are ten issues that will provide future challenge and opportunity.
E7 Not G7
As global GDP rises, the seven largest emerging economies (E7) have increasing economic power. The relative influence of the old G7 Western powers declines.
Data Sovereignty
Large-population emerging economies see the protection of their data as a national priority. Wider data sharing is restricted to within national borders.
The Race to Net Zero
Cities, countries and companies compete to set the standards for the planet.Fully reducing emissions is central for energy, health and economic targets.
Electric Aviation
As the pressure to decarbonise aviation builds and technology challenges are addressed, using electric planes for short / medium-haul flights gathers support.
The Stakeholder Society
The shift from maximising shareholder value to a stakeholder focus accelerates. Organisations’ purpose, action and performance measurement realign.
Migrating Diseases
Health systems struggle to address the impact of climate change. The increased spread of ‘old’ vector-borne diseases challenge nations for whom they are ‘new’.
Peak Soil
After water and air quality, attention shifts to soil. It impacts everything from food and health to conflict and migration. Action follows deeper understanding.
True Personalisation
Ubiquitous facial recognition and digital identity combine with wider AI adoption to enable the creation and delivery of truly individualised experiences.
Resilience by Design
Global supply chains evolve to be more flexible, shared regional supply webs. Competitors access shared, not proprietary, networks and systems.
Proof of Immunity
Public concerns about health security override worries about privacy. Governments integrate immunity and health data with national identities.
More details on www.futureagenda.org
Knowledge Innovation Policy (Federal KM - DC)Debra M. Amidon
This closing panel with Dr. Ramon Barquin provides the rationale and vision for a US Knowledge Innovation Policy within a global context. Session includes and inventory of innovation initiatives within the US and abroad. Knowledge Innovation is the strategy beyond KM or strategic planning; and ‘collaborative advantage’ is the name of the new game.
Hidden organisations of influence world in 2030Future Agenda
Hidden Organisations of Influence
The growth in globally influential, yet unaccountable, organisations that are able to undertake surveillance, steer agendas and shape government policy has wider impact.
In theory it has never been so difficult to remain below the radar. 24/7 news, constant surveillance and demands for greater accountability make it is seemingly impossible for any corporate, political or, on occasion, personal activity to go unnoticed. And yet widespread concerns about the number of increasingly influential, unaccountable, commercially driven organisations that are operating with rapidly expanding reach were often expressed during recent workshops. True, wealthy individuals and organisations have long had a disproportionate influence over elected representatives but the amount of money some companies now have to spend is unprecedented. Furthermore, new technologies have made it easier for others to access information, exert influence and move funds around the world in ways which are almost impossible to trace. The truth is they can operate effectively and invisibly without being restricted by the traditional checks and balances. At a time when calls for greater transparency are escalating it seems that meaningful oversight is lacking.
For more details on this and the wider Future Agenda programme see www.futureagena.org or @futureagenda
The main findings of the 2013 Global Innovation Index (GII) were presented by Daniela Benavente, Lead Researcher of the 2013 GII,to an audience of international trade experts and business representatives at the Bali Trade and Development Symposium (TDS) held in conjunction with the Ninth Ministerial Conference of the World Trade Organisation (WTO) in Bali, Indonesia, from 3 to 5 December 2013 Read more: http://owl.li/uJxg1
The third programme has taken place during 2020, engaging more experts on the pivotal shifts via virtual workshops and wider community debate.Here are ten issues that will provide future challenge and opportunity.
E7 Not G7
As global GDP rises, the seven largest emerging economies (E7) have increasing economic power. The relative influence of the old G7 Western powers declines.
Data Sovereignty
Large-population emerging economies see the protection of their data as a national priority. Wider data sharing is restricted to within national borders.
The Race to Net Zero
Cities, countries and companies compete to set the standards for the planet.Fully reducing emissions is central for energy, health and economic targets.
Electric Aviation
As the pressure to decarbonise aviation builds and technology challenges are addressed, using electric planes for short / medium-haul flights gathers support.
The Stakeholder Society
The shift from maximising shareholder value to a stakeholder focus accelerates. Organisations’ purpose, action and performance measurement realign.
Migrating Diseases
Health systems struggle to address the impact of climate change. The increased spread of ‘old’ vector-borne diseases challenge nations for whom they are ‘new’.
Peak Soil
After water and air quality, attention shifts to soil. It impacts everything from food and health to conflict and migration. Action follows deeper understanding.
True Personalisation
Ubiquitous facial recognition and digital identity combine with wider AI adoption to enable the creation and delivery of truly individualised experiences.
Resilience by Design
Global supply chains evolve to be more flexible, shared regional supply webs. Competitors access shared, not proprietary, networks and systems.
Proof of Immunity
Public concerns about health security override worries about privacy. Governments integrate immunity and health data with national identities.
More details on www.futureagenda.org
Knowledge Innovation Policy (Federal KM - DC)Debra M. Amidon
This closing panel with Dr. Ramon Barquin provides the rationale and vision for a US Knowledge Innovation Policy within a global context. Session includes and inventory of innovation initiatives within the US and abroad. Knowledge Innovation is the strategy beyond KM or strategic planning; and ‘collaborative advantage’ is the name of the new game.
Hidden organisations of influence world in 2030Future Agenda
Hidden Organisations of Influence
The growth in globally influential, yet unaccountable, organisations that are able to undertake surveillance, steer agendas and shape government policy has wider impact.
In theory it has never been so difficult to remain below the radar. 24/7 news, constant surveillance and demands for greater accountability make it is seemingly impossible for any corporate, political or, on occasion, personal activity to go unnoticed. And yet widespread concerns about the number of increasingly influential, unaccountable, commercially driven organisations that are operating with rapidly expanding reach were often expressed during recent workshops. True, wealthy individuals and organisations have long had a disproportionate influence over elected representatives but the amount of money some companies now have to spend is unprecedented. Furthermore, new technologies have made it easier for others to access information, exert influence and move funds around the world in ways which are almost impossible to trace. The truth is they can operate effectively and invisibly without being restricted by the traditional checks and balances. At a time when calls for greater transparency are escalating it seems that meaningful oversight is lacking.
For more details on this and the wider Future Agenda programme see www.futureagena.org or @futureagenda
The main findings of the 2013 Global Innovation Index (GII) were presented by Daniela Benavente, Lead Researcher of the 2013 GII,to an audience of international trade experts and business representatives at the Bali Trade and Development Symposium (TDS) held in conjunction with the Ninth Ministerial Conference of the World Trade Organisation (WTO) in Bali, Indonesia, from 3 to 5 December 2013 Read more: http://owl.li/uJxg1
How sustainable is your business? Businesses can not have a positive and sustainable impact if don't measure and control the impact of their supply chains. Learn how to make the supply chain more sustainable.
Find more at urbantz.com
Sustainable Brands, Eight Sustainability Platform, and other partners have joined together to launch the Framework for Action project, which is the first of its kind to explore the cutting-edge issues of sustainable consumer behavior change exclusively for the Brazilian market. The framework is a guide for marketing, communication, R&D and sustainability professionals, particularly at B2C companies, looking to promote environmentally and socially positive behavior through behavior change.
Towards the Circular Economy: Accelerating the scale-up across global supply ...Sustainable Brands
In this report, the World Economic Forum, the Ellen MacArthur Foundation, and McKinsey & Company, joined forces to reconcile the concept of scaling a circular economy within the reality of a global economy and complex multi-tier supply chains. The key objective is to propose a very specific joint plan of action for industry leaders.
This report sets out to emphasize that the circular economy must hold its promise not merely to the village economy, but also to a globalized economy of nine billion. It presents the concept of circularity as a tangible driver of industrial innovations and value creation for the 21st century global economy.
A value added approach by triple bottom line for Sustainable DevelopmentTapasya123
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
A Value Added approach by Triple Bottom line for Sustainable Developmentprofessionalpanorama
In the era of 21st century, a Triple Bottom Line not only measure profits as earlier,
but also measures the social, environmental and economic dimensions of an entity
through its activities and processes. It is a new way of evaluating a company’s impact
of their actions on both local as well as global scale for the survival and longevity
of an organisation. Due to uncertainty and unpredictability, corporate values are in
move from traditional to human and societal values. It is the first and foremost
responsibility of profit, non-profit or government sector to fulfill the various obligations
of their stakeholders as well as the planet we are living on. Traditional Accounting
methods do not take in consideration the intangible assets (human capital and intellectual
capital) and risks. Though, these factors are also the main attributes that affect
organisations accountability. Thus, there is a need of the hour to develop a system
of accounting that may include intangible assets and risks. There lies a major reason
for emergence of triple bottom line. Triple bottom line is thinking holistically, exploring
the inter-related relationships between the economic, social and environment that is
People + Planet + Profit (3 P’s). The companies aiming for sustainability need to
perform not against a traditional single, financial bottom line but against the triple
bottom line. This paper focuse on how triple bottom line approach change the way
of evaluating and reporting the performance of corporations. This paper emphasis
on how a value addition in financial bottom line changed into triple bottom line.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
3. White Paper on Business Sustainability | 03
Joint statement
Global Agenda
Council on
Human Rights
Michael Posner
Professor, NYU Stern School of Business
on behalf of the Global Agenda Council
on Human Rights
Joint statement
Respecting human rights and
fostering sustainability are mutually
reinforcing goals. While protecting
the rights of citizens is the primary
duty of states, business also
has an important role to play.
In 2011, the UN Human Rights
Council unanimously endorsed the
Guiding Principles on Business
and Human Rights, which state
that business has a responsibility
to respect human rights. In
practice, companies now are
beginning to address human rights
issues as they relate to their core
businesses, setting clear standards
and building internal systems
to fulfil these commitments and
providing accessible remedies
when these standards are not
met. Companies that incorporate
these elements into their business
models are in a stronger position
to meet the challenges they
face while doing business in
an increasingly interconnected
and transparent world. Such
actions help them to reduce risks
and put these companies in a
better position to capitalize on
opportunities and create benefits
to their shareholders, consumers,
employees and the communities
with which they interact.
4. White Paper on Business Sustainability | 04
Joint statement
Globalization has been
fundamental to lifting many millions
of people out of poverty, and
the unbundling and outsourcing
of production by Western
manufacturers has led to the
industrialization of developing
countries and consequent
improvement in standards of
living. This process has meant
that, today, global retailers and
manufacturers have a responsibility
not only to their shareholders but
also for the working conditions
and the environmental practices
that occur throughout the entire
supply chain. They have a duty to
ensure that they are fully aware
of their suppliers’ environmental
practices and working conditions,
and take steps to comply with
a globally acceptable standard.
Their logistics suppliers also have
a responsibility to provide services
that have a minimal impact on
societies and the environment. This
is not only a moral responsibility but
it is also in the long-term commercial
interests of retailers, manufacturers
and logistics suppliers.
Global Agenda
Council on
Logistics &
Supply Chain
Systems
John Manners-Bell
Chief Executive Officer, Transport Intelligence
on behalf of the Global Agenda Council on
Logistics & Supply Chain Systems
5. White Paper on Business Sustainability | 05
Joint statement
Climate change has been
recognized as one of the most
daunting challenges for human
development in the 21st century.
Global sustainable development
goals and objectives cannot
possibly be achieved without
success in tackling climate change
issues. While governments
have a key role to play in setting
effective policy incentives to
regulate the market and drive
innovation, corporations today
are at the forefront of actions and
solutions. Business leadership
that promotes investment in R&D,
innovation and talent is key to
commercial success. It is also
critical for businesses to manage
and minimize risk to maximize their
positive impact on climate change.
Many companies have embarked
on a journey towards net positive
impacts, and zero emissions, zero
waste, and zero discharge are
becoming the norm. By taking
this step, companies discover and
capture opportunities to reduce
costs, minimize risks and increase
resilience. This success may
encourage politicians to promote
policies that grow the economy in a
green, low-carbon and sustainable
manner. What is required to address
climate change is an integrated
approach consisting of close public-
private partnership, and clear and
certain policy direction to drive
technology innovation and capital
flows and scale up the markets
for clean technologies, products
and services worldwide.
Global Agenda
Council on
Climate Change
Changhua Wu
Director, Greater China, The Climate Group
on behalf of the Global Agenda Council
on Climate Change
6. White Paper on Business Sustainability | 06
Joint statement
To consume sustainably does
not mean to consume less but
to consume differently. From
an environmental point of view,
humanity already consumes
50% more in renewable natural
resources than the Earth is able
to regenerate. This is true at a
time when only 1.1 billion, out of
7 billion people are responsible
for 78% of total consumption.
The emerging middle class will
add another 3 billion people to
the mass consumption market
in the years ahead. More than
four planets would be needed to
supply all the goods and services
that this expanded market will
require assuming that the present
models of consumption and
production persist. To address this
imbalance, a sustainable model
of consumption is needed. Such
Global Agenda
Council on
Sustainable
Consumption
Dara O’Rourke,
Associate Professor, Department of
Environmental Science, Policy and
Management, University of California,
Berkeley and Helio Mattar, President and
Board Member, Akatu Institute for Conscious
Consumption on behalf of the Global Agenda
Council on Sustainable Consumption
a model will require a complete
redesign in the way products
and services supply well-being
to humanity. Consumers are
increasingly aware of the need
for a more sustainable model of
consumption. This presents a great
opportunity for companies to drive
growth by redesigning the ways
their products and services supply
well-being to consumers. For
consumers to recognize and value
the new ways in which well-being
is supplied, companies will need to
play a role in educating consumers
to change their behaviour when
buying, using and discarding
products or services. By capitalizing
on these opportunities, companies
will create sustainable benefits to
society and the environment, as
well as to themselves, the economy
and individual consumers.
7. White Paper on Business Sustainability | 07
Joint statement
Global Agenda
Council on
Women’s
Empowerment
Women’s empowerment is a
substantial and proven driver of
GDP growth and plays an important
role in enhancing the well-being
of families and communities in
economies throughout the world
from all development levels.
Women’s participation and
advancement in the workforce
varies dramatically by country and
culture. The evidence confirms
a strong correlation between
the economic participation and
economic opportunities of women in
the workforce and economic growth
and competitiveness. Sustainable
businesses recognize and reflect
these correlations. Governments
and businesses should ensure
that women have equal access to
jobs, wages and opportunities for
advancement. Women are often
heavily involved in determining
sources of energy and water
and in land management, and
play a substantial role in agriculture
and food production in many
communities and countries.
When women are fully engaged,
provided with resources and given
power in decision-making, they are
important actors in promoting best
practices and developing sustainable
growth and clean environments.
Laura D’Andrea Tyson
Professor, Business Administration and
Economics, Haas School of Business, University
of California, Berkeley on behalf of the Global
Agenda Council on Women’s Empowerment
8. White Paper on Business Sustainability | 08
Joint statement
Global Agenda
Council on the
Rule of Law
The contribution of rule of law to the
sustainability of a business is widely
recognized. Secure property rights,
transparent regulation, predictable
tax systems, independent judiciaries,
fair competition regimes – these vital
concepts for commerce depend
on rule of law. In this context, we
commonly think of law in its formal
sense: statutes and regulations,
and how they are administered by
national and local governments.
But in the real world, challenges for
business often arise when formal
rule of law is lacking due to a lack
of government capacity or political
will. In addressing these challenges,
a company may find itself engaged
with other constituencies –
local communities, civil society
organizations, NGOs, government
agencies, other businesses –
in ad hoc initiatives that require
governance notwithstanding the
absence of effective rule of law.
Yet, even in these circumstances,
rule of law principles are relevant;
initiatives that incorporate these
principles can benefit from greater
legitimacy and sustainability over
time. The principles require that
those who are involved in any
form of governance – government,
business, civil society organizations,
and any combination thereof – are
accountable under clear rules; that
the rules are transparent, publicized,
stable and fair, and protect
fundamental rights; that the rules are
adopted, administered and enforced
in a way that is accessible, fair and
efficient; and that access to justice
under the rules is available through
competent representatives and
adjudicators who have adequate
resources and reflect the make-up
of the communities they serve.
Where an initiative requires
governance in the absence of
adequate government, finding
practical ways to apply rule of law
principles to all forms of governance,
even informal, can provide business
and the wider community in which it
operates with a durable foundation
over the long term.
Sam Muller
Director, Hague Institute for the
Internationalisation of Law on behalf of
the Global Agenda Council on Rule of Law
9. White Paper on Business Sustainability | 09
Joint statement
Global Agenda
Council on Anti-
Corruption &
Transparency
Corruption is a pernicious disease
affecting civil society and the global
economy. It is bad for business
and very bad for sustainable
development and the advancement
of the human condition. Corruption
in business transactions distorts
competition, deters investment
and increases the cost of goods
and services – often to those who
can least afford it. The impact
of corruption on doing business
globally is huge: estimates show
that the cost of corruption equals
more than 5% of global GDP.
Business has a fundamental role
to play in sustainable development.
But corruption threatens the
sustainability of business itself.
A strong corporate culture is a
prerequisite to the establishment
and sustainability of trust in
the business. And trust is a
fundamental business asset; it is
the source of reputational capital.
Reputational capital provides
brand strength that is as essential
as financial capital to long-term
business health and prosperity.
Businesses are increasingly helping
themselves in the fight against
corruption through collective action
and are committing to themselves
and to each other to design and
implement policies and systems
to prevent and address corruption.
In the long haul, progress in
tackling corruption will deliver
substantial benefits to the cause
of sustainability.
Leonard F. McCarthy
Vice-President, Integrity, World Bank
and Steve Almond, Global Chairman,
Deloitte Touche Tohmatsu Limited on
behalf of the Global Agenda Council
on Anti-Corruption & Transparency
10. White Paper on Business Sustainability | 10
Closing remark
Closing
remark
The contributions of the various Global Agenda
Councils offer an image of business sustainability
that can begin to inform business decisions and
the creation of new business models. Progress
on this front will require the efforts and inputs of
a diverse set of actors. This White Paper serves
as a platform for businesses, governments, civil
society and the World Economic Forum to
work from to adopt broader policies and
practices related to business sustainability.
There is support for action from a variety of
spheres. It is increasingly understood that
sustainable business models enhance long-term
profits and the social legitimacy of corporations.
Businesses and their stakeholders, including
investors, are starting to recognize that financial
success and firm survival are dependent on
their contribution to the development of
a clean environment and to the human
rights of societies where they operate.
United Nations Secretary-General Ban Ki-moon
has repeatedly recognized that achieving these
objectives will require businesses and investors
to go beyond short-term shareholder value
to a longer-term consideration that takes into
account the perspectives of a broader array
of stakeholders. While most companies are at
an early stage of developing practical business
models along these lines, there is little doubt that
the concept of sustainability is gaining currency.
Now is the time to move discussion forward and
to embrace policy and practice consistent with an
integrated understanding of business sustainability.
11. The World Economic Forum
is an international institution
committed to improving the
state of the world through
public-private cooperation in
the spirit of global citizenship.
It engages with business, political,
academic and other leaders of
society to shape global, regional
and industry agendas.
Incorporated as a not-for-
profit foundation in 1971 and
headquartered in Geneva,
Switzerland, the Forum is
independent, impartial and
not tied to any interests.
It cooperates closely with
all leading international
organizations.
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