“Boards should understand the broader environmental and social consequences of business operations, and must set their own priorities and account for the associated outcomes.”
This sentence was included in the guidance document entitled, “Human rights: expectation towards companies,” released in February 2016 by NBIM, which manages the assets of the Norwegian Government Pension Fund Global, the world’s largest sovereign wealth fund. - 2 years ago
Transparency is the new normal, driving an unprecedented need for the integration of sustainability into all aspects of business.
It took activists only a few days to plaster the Internet with pictures of the collapsed Rana Plaza factory in Bangladesh in 2013 that buried hundreds of workers under rubbles of concrete. Through social media and the Internet, it was possible to inform the world before companies such as Walmart and Mango, which sourced from the factory, learned of the disaster. - 3 years ago