Collective Impact Coalitions
How we work with WBA Allies to collectively hold companies accountable to bringing about change
To invoke the systemic transformation needed to achieve the SDGs, a wide variety of actors must work together across scales, in diverse contexts, and over time. To drive cross-sector, collaborative action based on data and evidence provided by WBA benchmarks, we established Collective Impact Coalitions (CICs). These CICs, comprised of WBA Allies, aim to collectively hold companies to account and bring about change. Their key functions are to:
- Prioritise: Identify key issues based on WBA research and engagement.
- Mobilise: Convene Allies, set ambition, determine roles and responsibilities.
- Execute: Take action, partner with leaders, hold laggards to account.
WBA’s multi-stakeholder approach enriches our ability to promote ethical AI. We are grateful to have witnessed an openness to engagement among companies on this critical topic since we launched this CIC initiative in mid-2022.
Learn more about our CICs:
Food loss and waste
This CIC unites stakeholders to drive coordinated actions, to incentivise key companies to improve their performance on food loss and waste.
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Ethical AI
This CIC, comprised of both investors and civil society groups was launched in September 2022 as a coordinated engagement campaign aimed at pushing companies to adopt ethical and responsible AI policies and practices.
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Nature
The 2024 Nature Benchmark results show us that despite a few companies leading some action, there’s still a long way to go halt and reverse biodiversity loss. In order to spur more action, we have formed a Nature Collective Impact Coalition (CIC), which will focus on improving companies’ assessments and disclosure of their impacts and dependencies on nature.
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Addressing violence and harassment in supply chains
A diverse group of stakeholders are calling on companies to accelerate the recognition, prevention and redress of violence and harassment in global apparel and agricultural supply chains.
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Investing sustainably in emerging markets
WBA, alongside participating asset owners, is calling on asset managers to ensure their approach to ESG is aligned with investing sustainably in emerging markets and developing economies (EMDEs), and does not inadvertently lead to divestment from these markets.
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