During the Private Sector Forum hosted in New York on 26th September 2015, the Secretary General of the United Nations, Ban Ki Moon called for companies, especially those that have joined the Global Compact, to contribute in giving a prompt, practical and supportive response to the humanitarian crisis that we are currently witnessing. In fact, the data shows that for the first time since the end of World War II, the number of people forced to flee for their lives has exceeded 60 million, and among them there are over 600,000 people who have reached Europe by undertaking the extremely dangerous journey across the Mediterranean. Most of these refugees are fleeing war and persecution in Syria, Afghanistan, Iraq and Sudan. Because of the urgency and the sheer size of the humanitarian crisis, Ban Ki Moon, in his speech, suggested possible strategies and initiatives that firms can take to respond to the needs of refugees whether in their countries of origin, transit or host countries. In particular, in line with the Ten Principles established by the Global Compact in the areas of human rights, respect for labour standards, protection of the environment and the fight against corruption, four feasible areas of intervention by companieshave been identified:
1. Direct involvement of refugees in the firm’s core business
2. Social investment and philanthropy
3. AdvocacyActivitiesregarding public policies
4. Partnerships and collaborations with other actors
In response to the UN Secretary General’s proposal, the Global Compact in partnership with the United Nations High Commissioner for Refugees (UNHCR) has launched a Commitment to Act aimed at the business world. It is an appeal urging companies and other key players to take action to reduce the suffering of those fleeing war and persecution, and to provide solutions to the resulting situations of social disintegration. It is aimed primarily at firms that operate in or have their production/distribution chain in the countries affected by the refugee crisis (Syria, Sudan, Lebanon, Iraq, Jordan, Libya, Egypt, Turkey, Tunisia, Morocco, Greece, Italy, Serbia, Macedonia and Hungary), to make concrete efforts - individually or in partnership with other firms – to help refugees.
By incorporating the operational UN Guidelines above, in collaboration with UNHCR Italy the Global Compact Network Italy Foundation has promoted a webinar designed to analyse and discuss the most effective and appropriate strategies to be taken, taking into account both the needs of the refugees as well as the characteristics of the individual companies. The Webinar will take place 14th December from 10:30 a.m. to 1:30 p.m. and is designed for all the Italian companies participating in the Global Compact Network Italy.
The next meeting of the Global Compact Network Italy Foundation’s “Reporting” Working Group will be held in web mode by the end of the year. The meeting will focus on “How to use the results of the materiality analysis for strategic-management purposes”.
The meeting will be the last of a series of three seminars, which began in July, and aims to study the process leading to the development of materiality analysis and the possible uses of the results obtained. From the start, this course of study has been enriched by the participation of external experts speaking on issues of interest. At this last meeting there will be a new panel of speakers who will guide the participants in analysis activities and who will take part in a debate with all the people present.
Further information will soon be available about this event.
The Green Economy Italian Companies became a decisive and qualifying part of the national economy. This message emerged during the States General of the Green Economy, concluded on the 4th of November in Rimini, during the initiative Ecomondo-Key Energy-Cooperambiente.
In addition to Gian Luca Galletti, Minister for the Environment, more than 70 speakers participated, among which many international experts, and more than 2800 registrations to the venue. Moreover we take into account all the followers of the live streaming.
On 29th October the training day on the fight against corruption in firms was held at the headquarters of Siemens in Milan which was organized by the Global Compact Network Italy Foundation and delivered by Ernst&Young experts on the subject.
The event enjoyed an extensive and lively participation of Network members, having been extended to participants outside the "Anti-Corruption" Working Group.
The day began with a welcome message from Siemens and then continued with the main "lecture" and debate among the participants.
The latest meeting of the Global Compact Network Italy Foundation’s "Business & Human Rights" Working Group (GCNI Foundation) was held on 12th November at the Maire Tecnimont headquarters in Milan.
The day was divided into two parts:
The UN Working Group on "Business and Human Rights" convened the IV Annual Forum of the United Nations on “Business and Human Rights” to take stock of the current challenges and discuss ways for a broader, more effective implementation of the “UN Guiding Principles on Business and Human Rights”. The Forum focused on the following points:
Immediately following the Global Compact+15 Europe event, more than 20 Global Compact Networks from Europe gathered in Berlin, on October 13th and 14th, for the Local Networks Regional Meeting. European networks learned more about current initiatives, available resources and future events, as well as explored opportunities for greater engagement between Local Networks and Global Compact LEAD. Companies also spent time identifying challenges and possible solutions for increasing engagement among small- and medium-sized enterprises (SMEs).
The Report “MAKING THE CASE. Business, biodiversity and ecosystem services as a tool for change” was presented on 3rd November, at the IV edition of the States General of the Green Economy (Ecomondo, Rimini Fiera). This document was produced by the Global Compact Network Italy Foundation in collaboration with the Institute of Management at the Scuola Superiore Sant’Anna in Pisa and with the support of Terna SpA. Previously, the publication had been launched at an international level at the II EU B@B Platform Annual Conference held in Brussels on 27th October.
The XXI Conference of the parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC), will meet in Paris from 30th November to 11th December 2015.
The COP is the highest decision-making body of the UNFCCC and all the countries that have subscribed to the Convention are represented in it. The first COP was held in Berlin in 1995 and has since met annually unless otherwise defined by the Parties. Important occasions leading up to Paris in 2015 were: COP3 where the Kyoto Protocol was adopted; COP 11 during which the Action Plan of Montreal was produced; COP15 in Copenhagen, where the signing of the agreement for the approval of the Kyoto Protocol was postponed to 2015; and lastly, COP17 in Durban, where the Green Climate Fund was created.
October 2015 – For the fifth consecutive year Terna has been confirmed in the STOXX Global ESG Leaders Indices, which are based on an analysis of a basket of companies, very complete in terms of both geography and sector, and which is prepared by Sustainalytics, one of the leading rating agencies in the world in the field of sustainability.
Terna sits comfortably among leader companies, as it is included in all the specialised leadership indices: environmental, social and governance. This is a recognition that assumes even more significance if we consider that to qualify in the general index being present in just one of these 3 segments would be sufficient.
There are only 7 utility companies, at the global level, present in all three indices, and there are only 14 Italian companies, including Terna, in the STOXX Global ESG Leaders.
The indices, drawn up by the company STOXX Limited, starting from the 1,800 stocks present in the international basket STOXX Global 1800 Index, have selected the best 348 companies for results in terms of sustainability.
The STOXX ESG Leaders indices are characterised by transparency in the selection criteria – based on indicators suggested by the EFFAS (European Federation of Financial Analysts Societies) and by the DVFA (Society of Investment Professionals in Germany) – and in the scores attributed by the rating agency Sustainalytics to the companies examined.
Besides the presence in the STOXX ESG, Terna is in the Dow Jones Sustainability Index (electric industry leader 2015) and in the international indices FTSE4Good (Global and Europe), Axia (Ethical and CSR), ECPI (Ethical Global, Euro, EMU), MSCI (Global and Europe Sustainability), ASPI Eurozone, and Ethibel (Excellence, Sustainability Europe) as well as in the Italian indices FTSE ECPI Italia SRI Benchmark and Italia SRI Leaders.
Companies now have a new tool to help them navigate and contribute to a new set of global Sustainable Development Goals (SDGs) adopted by the United Nations on 25 September.
The SDG Compass, developed jointly by Global Reporting Initiative - GRI, the UN Global Compact and the World Business Council for Sustainable Development (WBCSD) and launched in occasion of the UN Private Sector Forum which was held in New York on September 26th, guides companies in taking a strategic approach to the SDGs and enhancing their contribution to sustainable development through core business activities.
The SDGs, which will shape the global development agenda from now until 2030, explicitly call on business to use creativity and innovation to address sustainable development challenges, such as poverty, gender equality, clean water, clean energy and climate change. The SDG Compass is a guide that companies can use to align their strategies with the relevant SDGs, and measure and manage their impacts.
Though all 193 Member States of the United Nations reached agreement on the SDGs, their success relies heavily on action and collaboration by all actors. The SDG Compass acknowledges this and incorporates feedback from companies, government agencies, academic institutions and civil society organizations, from around the world.
For further information about the SDG Compass, click here
After intensive intergovernmental negotiations that brought in the viewpoints of civil society and business, UN Member States agreed to the full text of a document that ushers in a 15-year, 17-point plan for sustainable development.
“This Agenda is a plan of action for people, planet and prosperity”, the declaration states. “It also seeks to strengthen universal peace in larger freedom. We recognise that eradicating poverty in all its forms and dimensions, including extreme poverty, is the greatest global challenge and an indispensable requirement for sustainable development”.
The Report “IMPACT: Transforming Business, Changing the World - The United Nations Global Compact” has been recently published by the Global Compact Office of New York. The document explains how the UN Global Compact calls on businesses to take action, and its place in the history of the modern corporate sustainability movement.
The Report then explores the role of the Global Compact in driving change by setting out 16 findings across three areas: 1. corporate practices; 2. the corporate operating environment; and 3. dominant worldviews.