corporate sustainability (prof. dr. aung tun thet)
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Corporate Sustainability Seminar by Prof. Dr. Aung Tun ThetTRANSCRIPT
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CORPORATE SUSTAINABILITY
Prof. Dr.Aung Tun Thet
Based on Mr. Georg Kell Executive Director of UN Global Compact paper
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Corporate Sustainability Movement• Growing in every region of the world• Companies place responsible business
practices and sustainability objectives at heart of business strategy
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Corporate Sustainability Movement• Business enterprises involved in finding
solutions to low living standards and environmental degradation
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Corporate Sustainability Movement• Companies tackling world’s most pressing
problems through core businesses• Realising benefits and opportunities
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Historic Opportunity
• Millennium Development Goals (MDGs) expire in 2015
• New global sustainable development framework under construction
• Define priorities and approaches for next era
• UN Member States working on set of potential Sustainable Development Goals (SDGs) to be adopted in 2015
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Post-2015 Development Agenda• International business community
to elevate missions and strategies to align with post-2015 vision
• Producing outcomes that benefit global society and economy – and drive business success
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UN Global Compact
• Bring private sector perspectives and action
• Creating opportunity to scale up and align business contributions to UN priorities
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UN Global Compact
• Overlap between public and private interest in sustainable development increasingly clear
• Development of post-2015 agenda require unprecedented level of interplay between business, governments, civil society and other key stakeholders
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Process
• Began in Rio de Janeiro in June 2012 at the UN Conference on Sustainable Development (Rio+20)
• Agreed to negotiate set of SDGs, synchronized with Post-2015 Development Agenda proposed by UN Secretary-General
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Rio+20 Corporate Sustainability Forum• Organised by UN Global Compact and key
partners• 3,000 representatives from business,
investment community, UN, civil society and academia
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“Innovation and Collaboration for the Future We Want”
• Business executives desire to work with governments in setting goals and targets
• SDGs - driving force to move sustainability ahead
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SUSTAINABLE BUSINESS
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UN Global Compact
• Input and perspectives from private sector on post-2015 agenda
• 1,000 companies committed to responsibility and sustainability
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SDGs proposed by Business
Inclusive Growth
Prosperity & Equity
Human Needs & Capacities
Education Women’s Empowerment &Gender Equality
Health
Resource Triad Food & Agriculture
Water &Sanitation
Energy & Climate Change
Enabling Environment
Peace & Security
Infrastructure & Technology
Good Governance &Human Rights
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Convergence
• Priorities of UN and international business community
• Range of global issues and challenges
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Inclusive Growth
• Ending extreme poverty • Extending prosperity to
majority of world’s people• Achievable
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Inclusive Growth
• Sustained economic growth -inclusive and equitable
• More and better jobs• Access to credit and
entrepreneurship opportunities - especially among poor
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Human Needs and Capacities• Progress and unmet challenges in
core MDG areas of:• Education• Health • Advances in standing of women
and girls • All closely related to poverty
eradication
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Environmental and Natural Resources
• Resource triad:1. Water and sanitation2. Energy and climate3. Agriculture and food
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Environmental and Natural Resources
• Three pillars of sustainable development
• Meets basic human needs• Power sustainable economic
growth• Directly related to climate change
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Enabling Environment
• Good governance • Respect for human rights• Peace and stability• Modern and green digital and
physical infrastructure
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ENGAGING BUSINESSES IN SUSTAINABLE DEVELOPMENT
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Post-2015 Business Engagement Architecture• Building blocks • Enhance corporate sustainability • Effective contribution to
sustainable development• Creating value for both business
and society
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Corporate Sustainability
• Three dimensions1. Respecting universal principles2. Taking action to support broader
UN goals3. Engaging in partnerships and
collective action at the global and local levels
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Sustainable Development Goals and Long-term Business Goals
• Businesses contribute to advancement of sustainable development goals
• Implement corporate sustainability strategies
• Advance inclusive economic growth, social equity and progress, and environmental protection
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Sustainable Development Goals and Long-term Business Goals
• Contribute to:• Revenue growth• Resource productivity • Mitigation of operational, legal and
reputational risks
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Transparency and Accountability
• Robust accountability measures• Make business commitments
transparent • Ensure progress real
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Platforms for Action and Partnership
• Optimise and scale up corporate sustainability efforts a
• Contribute to corporate participation in broader multi-stakeholders
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Platforms for Action and Partnership
• Various forums and platforms• Companies and other stakeholders
to work together – by geography, sector and/or issue
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Drivers and Incentives
• “Business case” for corporate sustainability strengthened very important developments
• Strengthening of society-based drivers
• Market-based drivers
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Post-2015 Business Engagement Architecture
SDGs & Long-Term Business
Goals
Transparency &
Accountability
Platforms for Action &
Partnerships
Drivers &Incentives
Corporate Sustainability
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PRIVATE SUSTAINABILITY FINANCE
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From managing risks to embracing new opportunities
• Financing needs of transformational post-2015 agenda require significant increases
• Address social, environmental and economic development needs
• Bulk of sustainable development finance from private sector
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Private Sector
• Embedding sustainability considerations in trillions of dollars worth of investments
• Increasing impact on sustainable development
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Responsible Finance
• Avoid harmful investments • “Do no harm” approach
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Principle-based responsible and sustainable finance initiatives
• Examples:• UNEP Finance Initiative (UNEPFI)• UN-supported Principles for Responsible
Investment (PRI)• Principles for Sustainable Insurance• Sustainable Stock Exchanges (SSE)• Initiative and innovative approaches to
sustainable foreign direct investment
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Principle-based responsible and sustainable finance initiatives
• Proactive and deliberate approach• Investment opportunities that
deliver measurable positive social or environmental results
• Development of innovative finance mechanisms
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Principle-based responsible and sustainable finance initiatives
• Responsible and Impactful Private Finance critical to create long-term value for business and society
• Gaining global attention throughout investment value chain
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Private Sustainability Finance
• Key driver of sustainable development
• USD trillion range in coming years
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A BETTER FUTURE FOR ALL
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Delivering a better future for all• Action by all• Governments• Corporations• Citizens• Consumers• Workers• Investors • Educators
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Business
• Heart of improvements in living standards• Markets essential for creating and
diffusing solutions that drive needed changes
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Corporate Sustainability
• Transformative force• Achieving shared, secure and
sustainable future