Last February, Global Compact headquarters announced the launch of a multi-year Local Network SDG Action Plan – the centerpiece being a “Pioneers” Programme aimed to spur action and inspire business to advance the Sustainable Development Goals (SDGs) locally. The overall Action Plan is designed to assist the Global Compact’s 80-plus Local Networks in developing and executing relevant SDG implementation strategies and link these, where possible, with national plans of action.
Following the XXI Conference of the Parties (COP21), held in Paris from 30th November to 11th December 2015 and which concluded with the approval of 196 States (195 States + the European Union) for a new universal and binding agreement on climate to limit global warming to below 2 degrees Celsius, the Global Compact Network Italy Foundation organized the Meeting “COP21: And Then What?” for the benefit of both its adherents and non-adherents. This meeting was held on 17th December at the headquarters of Atlantia S.p.A. in Rome. The event was an important opportunity to study the outcomes of the Climate Summit in Paris and to discuss future scenarios.
After the welcome speech by Simonetta Giordani, Sustainability and Institutional Relations Manager – Atlantia S.p.A., the following experts on the topics spoke: Marco Frey, President - Global Compact Network Italy Foundation; Andrea Barbabella, Head of Energy, Strategy and Reporting - Foundation for Sustainable Development; Andrea Valcalda, Head of Sustainability - Enel S.p.A.; and Pierre Monnier, Climate Project Manager - Global Compact Network France.
CSR Manager Network renews in 2016 its cultural and educational path dedicated to SMEs on issues of sustainability.
The domestic sector which accounts for over 90% of the actors is extremely diverse. Corporate sustainability can be a strategic tool for positioning and penetration of new markets and jobs.
Even large companies are demanding more at their supply chains to review their processes and products but most of these issues are often, and wrongly, considered concepts next only to "big" industry or multinationals.
The Global Compact and the UN-supported Principles for Responsible Investment (PRI) are calling for companies to submit examples of how they engage in dialogue with investors on anti-corruption issues. Case studies will be featured in an upcoming publication by PRI and the Global Compact on “Investor-Corporate Engagement on Anti-Corruption” to be released later this year.
Last December, the Global Compact Network Italy Foundation’s Board of Directors approved the guidelines for 2016. First of all, in the light of the data shared at the last European Local Networks’ Forum of the UN Global Compact (UNGC), the GCNI Foundation will, as from now, commit to increasing the participation of Italian companies both globally and locally in the initiative. The objective will be pursued: by promoting new subscriptions to the initiative; by offering support to Italian business and non-business participants in order to prevent them from being de-listed for being non-compliant with the requirements of annual reporting imposed by the UNGC on all members; and by defining new ways of engagement specifically for SMEs.
The UN Global Compact Leaders Summit 2016 (22-23 June 2016, New York) will provide a dynamic stage to jump-start business action everywhere on the new Sustainable Development Goals (SDGs). The SDGs address the most important economic, social, environmental and governance challenges of our time, providing a clear and compelling direction for the future. Agreed by all UN Member States, these new global goals are set to be a major driver of the markets of tomorrow and can unleash a wave of sustainable products, services and business innovations.
On 10 December 2015, the Economic and Financial Committee of the United Nations General Assembly adopted a resolution on the evolving strategic engagement of the UN in multi-stakeholder partnerships, including with the private sector.
The resolution, under General Assembly agenda item 27 (Towards global partnerships: A principle-based approach to enhanced cooperation between the United Nations and all relevant partners), reiterates the UN Global Compact’s broad mandate, which is to “to advance United Nations values and responsible business practices within the United Nations system and among the global business community”. In the same occasion, UN Member States encouraged the private sector to enhance its involvement in combatting climate change.
The Enel Group obtained a new prestigious award in the field of sustainable development just days before the upcoming COP21 in Paris – the international conference on climate change. The multinational electric utility company received the highest rating in the Carbon Disclosure Project (CDP), a prestigious index that provides the financial community with a system to measure, manage and share their performance in terms of greenhouse gas emission reduction.
The Group’s 2016-2019 strategic plan supports its commitment to achieve carbon neutrality by 2050, with a 7.7 billion Euro investment in renewable energy, thereby increasing the Group’s clean power capacity by 6.8 gigawatts. The figures could continue to grow – up to a total of 9 billion Euros during 2016-2019, adding up to an additional 7.7 GW – with the integration of Enel and EGP.
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 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.
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.
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
The seventh consecutive renewal for Terna, the company chaired by Catia Bastioli and led by Matteo Del Fante, in the prestigious Dow Jones Sustainability Index also comes with its recognition as an industry leader in the Electric Utilities sector. This is the result from the annual review conducted by the Swiss sustainability rating agency RobecoSAM, which today confirmed the Company’s continued inclusion in the World and Europe indexes. This represents a major achievement for Terna: there are only 8 Electric Utilities in the World index and just 2 in the Europe index.
Registration for the Salone della CSR e dell’Innovazione Sociale (CSR and Social Innovation Exhibition) is now open. The event will take place on October 6th and 7th in Milan, in the luxurious Grafton buidling located within Bocconi University, in Via Roentgen. The 2015 Edition, like its predecessers, is sponsored by Bocconi University, Unioncamere, the CSR Manager Network, the Alliance of Italian Cooperatives, the Solidalitas Foundation, and Koinètica.
The CSR – IS Exhibition will be an opportunity to promote how passion and inspiration are at the foundation of the choices made by responsible organizations. Passion is the initiative which leads the company to: choose sustainability; help the youth to travel towards training programs that focus on the values of Corporate Social Responsibility; and, push the consumer to reward the most responsible organizations.