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Social Sustainability in Trade & Development Policy: A Life Cycle Approach to Understanding and Managing Social Risk

Researchers at the EU’s Joint Research Center used the Social Hotspot Database together with EU trade statistics, to look at comprehensive supply chain risks for the EU-27 countries.

The methods described and applied in the study can be applied equally by companies to discover and understand the social risks and opportunities in their own supply chains.

The report concludes
“Our analysis underscores the importance of a life cycle-based approach to understanding and managing social risk in support of policies for socially sustainable development. Moreover, the methods and information presented herein offer a potentially powerful decision-support tool for policy makers wishing to better understand the magnitude and distribution of social risk associated with EU production and consumption patterns, the mitigation of which will contribute to socially sustainable development within Europe and abroad.”

See summary and slideshare here

Responsible Leadership

In this unique book – part memoir, part confessional, part manifesto for leadership – we hear a leading voice from the front line of corporate responsibility.

 

  • The ultimate insider’s view of corporate responsibility and ethics from the boardrooms of some of the world’s largest corporations
  • New ideas on how to seek collaborative solutions to the market failures of climate change and corruption
  • How Shell dealt with the Brent Spar and Ken Saro-Wiwa controversies and what they learnt
  • A manifesto for responsible leadership
  • Dilemmas and lessons from the front line of corporate responsibility
  • With forewords by Mark Malloch-Brown, former UN Deputy Secretary-General and Sir Robert Wilson, KCMG, former Executive Chairman of Rio Tinto plc; former Chairman of BG Group plc

EY Sustainability Services

Risk-based approach to social compliance programs can improve human rights conditions in supply chains

EY approach addresses complexities of corporate social compliance programs and offers new framework for identifying and mitigating dangerous working conditions that persist around in the world

See press release here or EY site here

Free Prior Informed Consent

This Good Practice Note provides background on the history of FPIC, without taking a
definitive viewpoint on its legal status. Indeed, FPIC is relevant to business regardless of its
precise legal status since lenders, indigenous peoples, civil society, and other stakeholders
increasingly expect companies to obtain consent. The Good Practice Note also explores the
business case for obtaining FPIC and the challenges that are likely to arise in the process;
outlines current company good practices to obtain FPIC; and discusses emerging practices that
not only support FPIC but also long-term benefits for affected indigenous communities.

Triple Strength Leadership (from the perspective of one of my students)

Student Perspective: Will we be diverse leaders?

“True or false: I have worked in at least two of the three major sectors in our society (business, government, non-profit).”

This was the first in a series of questions posed to Wharton MBA students at a recent guest lecture that I attended by Nick Lovegrove. Mr Lovegrove, Senior Director at the Albright Stonebridge Group and Director Emeritus of McKinsey and Company, is an active proponent of the need for “triple strength leadership”.

See full article here

Integrated Reporting Framework

The International Integrated Reporting Framework will be used to accelerate the adoption of <IR> across the world.

<IR> applies principles and concepts that are focused on bringing greater cohesion and efficiency to the reporting process, and adopting ‘integrated thinking’ as a way of breaking down internal silos and reducing duplication. It improves the quality of information available to providers of financial capital to enable a more efficient and productive allocation of capital. Its focus on value creation, and the ‘capitals’ used by the business to create value over time, contributes towards a more financially stable global economy.

The Framework was released following extensive consultation and testing by businesses and investors in all regions of the world, including the 140 businesses and investors from 26 countries that participate in the IIRC Pilot Programme. The purpose of the Framework is to establish Guiding Principles and Content Elements that govern the overall content of an integrated report, and to explain the fundamental concepts that underpin them.

Social Entrepreneurs Playbook

In their new book The Social Entrepreneur’s Playbook: Pressure Test, Plan, Launch and Scale Your Social Enterprise, Wharton professor Ian C. MacMillan and Dr. James Thompson, director of the Wharton Social Entrepreneurship Program, provide a tough-love approach that significantly increases the likelihood of a successful social enterprise launch in the face of the high-uncertainty conditions typically encountered by social entrepreneurs. Visit the website here.

Palm Oil Scorecard

Ranking America’s Biggest Brands on Their Commitment to Deforestation-Free Palm Oil

News story here with access to full report and methodological notes.

Stakeholder Due Diligence using Twitter

Mapping Twitter Topic Networks: From Polarized Crowds to Community Clusters

BY , ,  AND 

Summary of Findings

Polarized Crowds: Political conversations on Twitter

Conversations on Twitter create networks with identifiable contours as people reply to and mention one another in their tweets. These conversational structures differ, depending on the subject and the people driving the conversation. Six structures are regularly observed: divided, unified, fragmented, clustered, and inward and outward hub and spoke structures. These are created as individuals choose whom to reply to or mention in their Twitter messages and the structures tell a story about the nature of the conversation.

Access Pew Report page here