Last week, WBA launched the social transformation scoping report. The report sets out our thinking and proposed approach to ensuring appropriate social criteria are included in every WBA benchmark – across systems and industries – and is now open for consultation until September.
On Wednesday 12 May we will hold two webinars at 11:00 and 17:00 CET to provide an overview of the proposed approach and kick off our consultations.
Objective and agenda of the webinars
The aim of the webinars is to explore the social transformation within WBA’s broader model of systems transformation. The session will be run by Dan Neale, Social Transformation Lead, and Shamistha Selvaratnam, Research Analyst. The following points will be covered during the session:
What is the social transformation?
The proposed model for assessing the 2,000 most influential companies globally on a social component
The 15 core social topics against which all companies will be assessed
Next steps for the development of the social transformation and how you can be involved
16:00 UK l 18:00 Kenya l 12:00 Brazil l 11:00 USA East l 10:00 Colombia l 08:00 USA West
Now more than ever
The Sustainable Development Goals (SDGs) place people first. At their core, the SDGs promote a people-centred agenda that envisions a world where all life can thrive by seeking to realize the human rights of all and to achieve gender equality and the empowerment of all women and girls. As such, WBA will assess all of the 2,000 keystone companies on a social component.
The coronavirus pandemic reinforces the importance of responsible business conduct, including topics such as labour protections, managing impacts on workers in the supply chain and paying fair taxes to ensure governments have sufficient revenue to protect and develop their people. The context makes the development of the social indicators more relevant than ever.
Aviva is one of the world’s largest insurance and asset management companies, its history tracing back more than 300 years. It has operations in 16 markets around the world, but through its investment portfolio, Aviva’s reach extends to a broader and larger group of consumers. The company is a LEAD member of the Global Compact; a founding member of both the UN Principles of Responsible Investment and the UN Sustainable Stock Exchange Initiative. It is also a frontrunner in responsible investments, using its influence to support more sustainable business and ultimately a more sustainable economy and society. Aviva is an active contributor and user of different corporate sustainability benchmarks, including a founding member of the Corporate Human Rights Benchmark. Aviva’s CEO Mark Wilson is a member of the Business and Sustainable Development Commission (BSDC) and is personally committed to driving forward the sustainable development agenda and the creation of the WBA.
The Business & Sustainable Development Commission (BSDC) aims to make a powerful business case for achieving a sustainable, inclusive economy. Its flagship report Better Business, Better World, launched in January 2017, maps the economic prize for companies that align with the SDGs, and shows how to achieve them. The report includes the creation of SDGs benchmarks as one of the key recommendations. The Business Commission aims to make a powerful business case for achieving a sustainable and inclusive economy, if the UN Sustainable Development Goals are achieved. In its flagship report, Better Business, Better World, the Commission describes how business can contribute to delivering these goals. Chaired by Lord Mark Malloch-Brown, the Commission include 37 leaders from business, finance, civil society, labour, and international organisations from around the world.p>
Index Initiative is a centre of expertise in benchmarking corporate performance against stakeholder expectations. It seeks to propel the use of benchmarks to engage and bring purpose and clarity on the role of companies in contributing to the SDGs closest to their core business. A non-profit based in Amsterdam, The Netherlands, Index Initiative’s research and benchmarks are free and accessible to all. Index Initiative will conduct the global consultation on the World Benchmarking Alliance.
The United Nations Foundation builds public-private partnerships to address the world’s most pressing problems, and broadens support for the United Nations through advocacy and public outreach. Through innovative campaigns and initiatives, the Foundation connects people, ideas, and resources to help the UN solve global problems. The Foundation was created in 1998 as a U.S. public charity by entrepreneur and philanthropist Ted Turner and now is supported by philanthropic, corporate, government, and individual donors.