Governance and Transparency

Ensuring Governance and Transparency in Aid

Business Fights Poverty and Business Partnerships for Sustainable Development are convening a process to rapidly co-create and share insights and best-practice, replicable solutions across markets. In thinking through what the priorities should be for business, there are three that stand out.
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Last week’s UK-Africa Investment Summit brought together a wealth of businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa.​ Read reflections from CDC Group CEO, Nick O’Donohoe
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Professor Colin Mayer CBE has devoted his life, learning and career to the role of business in society – from governance and taxation to responsible and ethical business decision making. 
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As world leaders in politics and business gather in Davos, IIED director Andrew Norton considers progress on the event’s ‘business with purpose’ agenda and asks how a progressive sustainability manifesto can omit climate change.
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Consumers’ expectations towards companies to act socially responsibly and take a stance on social issues have grown. A recent study showed that almost two thirds of consumers make purchasing decisions based on a company’s stand on social issues.[i] It also showed that 60 percent of consumers want to see companies’ values and stances more transparently, and 53 percent believe that companies can do more than governments to solve social issues. Through corporate advocacy, companies can show they are ready to act on issues that are important for them.
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Globally, an estimated £1.4 trillion changes hands in bribes every year. UK business has a vital role to play in tackling this corruption. But why should they do so?
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I’ve headed up the Nestlé Cocoa Plan for almost 12 years, so I’ve seen at firsthand how our Child Labor Monitoring and Remediation System, (CLMRS), works and how it has benefitted kids and families in Côte d’Ivoire and Ghana. As demonstrated in our 2019 report ‘Tackling Child Labor’, it is making a real difference to the lives of thousands of kids and families.
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Something strange has been happening in the world of business and human rights. Leaders of multinational corporations around the globe are speaking out about the negative human rights challenges faced in their operations and supply chains. Where most companies seek to avoid any public association with human rights issues, these business leaders are breaking the mold – and they want others to do the same.
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“We live in a world where it is easier to imagine the end of humanity than it is to imagine the end of capitalism,” said Fredric Jameson about 40 years ago when Climate Change wasn’t even on the agenda (Capitalist realism, 2010). What is worrying is that this claim holds true to this day. When did we move from politics of collective well-being to politics of consumption?
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Business Fights Poverty is partnering with Walmart on a recently-launched Challenge which asks how business can accelerate the upward mobility of entry-level workers in the future of work. ​
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As part of our Challenge on Purpose supported by GSK, VISA and Unilever, Business Fights Poverty convened a meeting of around 30 representatives from companies, financial institutions, NGOs and development institutions to discuss this pertinent topic.
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Over the past 15 years, corporate leaders, investors, and nongovernmental organizations (NGOs) have demonstrated that, with the use of innovative business models, profit can be aligned with social and environmental progress. A departure from the “band-aid” corporate social responsibility (CSR) approaches of the 1990s, these strategies involve fundamental changes to business practices, including alterations to core products and services.
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Over 40 million people are in modern slavery. It is a crime affecting all countries, yet it is often hidden and difficult to measure. In a new Business Fights Poverty Challenge, we are setting out to explore how technology can help tackle modern slavery through worker engagement.
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This year, Business in the Community reported that companies are in danger of purpose-wash. Whilst 86% of the companies surveyed had a statement of purpose, 83% had not considered its implications for their departments or team targets. This implementation gap threatens to undermine the potential of business purpose as a force for good.
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Following my experiences of Business Fights Poverty Oxford 2019, I explore the link between purpose, clarity, and success, and share learnings about how companies around the world can embed purpose authentically.
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On June 21, 2019, the International Labour Organization (ILO) voted overwhelmingly to adopt a Convention on the Elimination of Violence and Harassment in the World of Work. This represents an important step forward on strengthening protections for all workers around the world against violence and harassment.
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According to the Global Slavery Index, 40.3 million people are in some form of modern slavery, including 24.9 million in forced labour. 71% of the total are women and girls. The ILO reports that US$150 billion of illegal profits are generated by forced labour each year.
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CARE International UK are delighted to support the Business Fights Poverty Challenge on business and GBV and to host the Women’s Equality Zone at the Business Fights Poverty Oxford conference on 11 July 2019. ​
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People often think Corporate Responsibility is a company’s response when it’s asked to do the right thing. But corporate responsibility is quite the opposite of a defensive move. It’s about growth, common sense, culture, impact, and most of all, values.
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Impact is a word we hear all the time in sustainability circles. Often when we talk about impacts, we’re talking about reducing the negative ones. Causing less damage. But that’s not nearly enough, says Arjen Boekhold of Game Changer Unltd. and known from Tony’s Chocolonely.
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What do we mean by "Governance and Transparency"?

Discover the role of governance and transparency in ensuring fair and accountable systems. Protecting and empowering communities around the world.

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