The Global Compact Network Italy Foundation’s "Anti-Corruption" Working Group will meet again on September 23rd via web (webinar). The start of the second phase of the sharing of business practices on topics deemed sensitive in the fight against corruption will take place in the meeting. In particular, the new themes that the Working Group will study have been selected by the Group, through a survey promoted by the Foundation among the participants of the activities and aimed at identifying additional areas of interest on which to focus the work in the coming months. Some of the areas identified for further study: Negotiation, stipulation and execution of sponsorship contracts; Whistle-blowing; Relations with the public administration; Purchase of consulting services.
The ultimate goal will be the development of the output of the cross-reading of shared corporate experiences in order to build an implementation dashboard and the improvement of policy to protect and control the risk areas explored.
After the study seminar held last July 7th which focused on "Mapping, selection and consultation tools for external stakeholders" in reference to the process of materiality analysis, the Global Compact Network Italy Foundation’s "Reporting" Working Group will meet again on 5th October from 2.30 p.m. to 5.30 p.m. The meeting will take place via a video-conference link between the two offices in Milan and Rome and the Working Group will examine a second topic: "identification and engagement tools for internal stakeholders" within the process of materiality analysis. Speakers include external experts and participants will be involved in a debate on the issues.
Enel has been named in the top five of Fortune magazine’s Change the World list, a new ranking that shines a spotlight on businesses that make addressing social challenges part of their business strategy. The Group, which is both the only utility and only Italian company to be included in the list was ranked fifth of 50 companies selected by the magazine, and was hailed by Fortune for “charging the barricades when it comes to clean power”.
The magazine praised Enel for leading a renewable energy revolution, something they usually expect “to be led by tiny upstarts, not established giants”, and highlighted the fact that in 2014 the Group generated 38% of its output from renewable sources, with that figure set to rise to 48% within the next four years. Fortune also singled out Enel CEO Francesco Starace’s commitment to make the Group carbon neutral by 2050.
On 25th of June 2015, United Nations Secretary-General Ban Ki-moon announced the appointment of Lise Kingo as Executive Director of the United Nations Global Compact. She will succeed Georg Kell, who retires later this year after over 25 years of service to the United Nations.
The Secretary-General expresses his gratitude for the outgoing Executive Director’s services to the Organization and his commitment in fostering cooperation between the private sector and the United Nations. He is particularly appreciative of Mr. Kell’s exemplary leadership in the creation and management of the United Nations Global Compact since its launch in 2000.
On 23rd and 24th of June 2015, the “Global Compact +15: Business as a Force for Good” was held in New York City. The event, organised in over a dozen specialised meetings, culminated with a plenary session in the UN General Assembly Hall on 25th of June. The GA session brought together over 1,000 global leaders from business, Government and civil society to take stock of fifteen years of corporate sustainability, and to map out pathways for the future.
The Global Compact Network Italy Foundation’s (GCNI Foundation) "Environment" Working Group is engaged in the production of a report on the results of in-depth corporate case studies implemented within the Group on "Ecosystem services in business management". This report offers the Working Group’s first definitive output and aims to provide a learning opportunity to all stakeholders interested (firms, readers, case writes, auditors) along with the production of new knowledge about the practical implementation of the management and protection of biodiversity and ecosystem services (BES) by companies as well as the results which emerge. There are two main phases: the identification of relevant business practices with respect to the key report "Business - Biodiversity and Ecosystem Services"; and the description of such practices with particular attention to the following aspects: assessment; business management; financial tools. The GCNI Foundation is coordinating the production of the report with the scientific support of the Scuola Superiore Sant'Anna of Pisa. The document will be presented at the Fourth Edition of the States General of the Green Economy to be held on 3rd and 4th November 2015, at the Rimini Fiera in the presence of a delegation of representatives of the European Commission.
The transition to a new corporate culture where finance and corporate social responsibility will no longer speak different languages. This is the added value of the directive that will obligate about six thousand European companies with over 500 employees to communicate information of a social and environmental character as well as economic information, based on what has emerged in the course of the round-table discussion about Directive 2014/95/UE which took place on 5th June during the presentation of Acea’s Sustainability Report 2014.
The United Nations Global Compact’s (UNGC) website (www.unglobalcompact.org) was recently revamped in order to reach a wider audience by updating the writing style and heightening the visual appeal. The portal is now characterized by a new approach in terms of content organization and new features that enable greater findability of content. In the coming months, the Global Compact will explore new ways to better feature the content and material provided by Local Networks.
The new site was officially launched on 22nd June and presented at the Local Networks’ Annual Forum, which was held in New York on 24th and 25th June. The UNGC has stated that the redesign only affects the public view of the website, not that of the portal dashboard which includes the Knowledge Sharing System - KSS used by Local Networks and participants to share material and information of common interest with the Global Compact offices.
The Global Compact Network Italy Foundation Board of Directors met on April 20th 2015 to examine and accept Ergo Italia SpA’s (a company working in insurance and social security) membership application to the Foundation with "Participant" status.
On 9th April the first meeting between the Global Compact Network Italy Foundation (GCNI Foundation) and the Antitrust Authority on the topic of Legality Rating was held in Rome. The presence of the Antitrust Authority, starting with an overview and analysis followed by an open debate on the issue, enabled a greater understanding of the application mechanisms of the regulation - as amended following the recent public consultation in which the Foundation took part.
The meeting scheduled for the Global Compact Network Italy Foundation "Reporting" Working Group was held by video-conference between eni (Rome) and FEEM – Fondazione Eni Enrico Mattei (Milan). The meeting provided an opportunity to share the line of reasoning over the evidence raised through comparative analysis of corporate case studies on the topic of "materiality analysis" implemented by the Group during previous meetings.
On 29th April 2015, at the headquarters of ABI in Milan (and in web-connection with the headquarters of ABI in Rome), the GCNI Foundation took part in the first working group on the topic: Engagement for listed companies which was promoted by the Forum for Sustainable Finance in collaboration with the CSR Manager Network. The purpose of the project is to facilitate the understanding and the response from businesses to the engagement initiatives on sustainability issues on behalf of investors.