FRYearly Archives: 2024
International Finance Institutions (IFIs) play a pivotal role in driving economic growth, promoting sustainability and alleviating poverty across the globe. For example, the European Bank for Reconstruction and Development’s (EBRD) Green Cities Initiative aims to address environmental challenges faced by cities in EBRD’s regions of operation. To ensure such funds are allocated efficiently, ethically and…
Businesses are under increasing pressure to show they have identified and addressed any negative impacts resulting from their business activities on the human rights of their various stakeholders. This applies not just to their own operations, but throughout their subsidiaries and value chains. This focus on human rights impacts has been rising up the agenda…
While the prospect of investigating colleagues may seem indicative of a poor or even toxic work culture, conducting internal investigations well is increasingly seen as critical for maintaining a healthy organisational culture. A well-managed internal investigation can help identify potential issues, uphold the organisation’s code of conduct and, most importantly, ensure regulatory compliance. When conducted…
In the week after the European Council finally agreed to progress the Corporate Sustainability Due Diligence Directive (CS3D), GoodCorporation was delighted to welcome business leaders and human right practitioners to the House of Lords to debate a Private Members’ Bill introducing mandatory human rights and environmental due diligence to the UK. Baroness Young, who proposed…
Why organisations should avoid papering over the cracks Although the regulatory landscape and ethical considerations have put compliance and integrity on company agendas, no business – even one with the best compliance systems in place – is immune from wrongdoing, be It from senior managers, employees or third parties. Whether it be incidents of bribery…
Women account for almost 50% of the global workforce (47.7%), yet less than one third (27.1%) occupy managerial or leadership roles, while 48% occupy entry level positions and 23% work part-time compared to almost 30% of men. It is also well documented that, on average, women experience the adverse impacts of business activities disproportionately, are…
If the EU fails to pass the previously agreed Corporate Sustainability Due Diligence Directive (CS3D) it would represent a major setback for the just transition to a lower carbon economy and greater corporate sustainability. After years of tripartite negotiations between the EU Parliament, the Commission and the Council, the CS3D is going through troubled times…
How a company responds to an allegation of misconduct is as crucial to its reputation as the alleged wrong-doing itself. Workplace investigations play a pivotal role in addressing concerns related to significant wrongdoing and misconduct, or ethical lapses. However, the skills required for effective workplace investigations are specific, often necessitating the creation of investigation guidelines…
While the EU’s Corporate Sustainability Due Diligence Directive (CS3D) has received much-deserved attention from businesses, corporates should not overlook the important developments in anti-corruption regulation the Commission made during 2023 which will be pursued further this year. On May 3rd, 2023, the EU Commission presented a new proposal to combat corruption. This followed on from…
