Although more companies are committing to respect human rights, gaps and challenges remain, UN experts said on Wednesday in assessing a decade of standards for business that take the wellbeing of people and the planet into consideration.
As businesses struggle to cope with the economic fallout from the COVID-19 pandemic, they need to remain aware of their responsibilities as partners in efforts to build a sustainable future, says the outgoing head of the UN Global Compact, the world’s largest corporate sustainability initiative.
Women who set up their own businesses will succeed if they are knowledgeable about their field and “trust their knowledge”; that’s according to the owner of a successful wine bar and store in the city of New Orleans in the United States.
Intangible capital, such as branding, design and technology, is increasingly determining success in the marketplace, as nearly one third of the value of manufactured products comes from such capital, a study conducted by the United Nations intellectual property agency has revealed.
Ratings agencies must downgrade businesses responsible for unethical practices such as tax evasion carried out through off-shore-registered companies, two United Nations human rights experts warned, while urging countries to cooperate to counter this global tax abuse problem.
The top United Nations human rights official today called on business leaders gathering at the World Economic Forum's annual meeting in the Swiss town of Davos next week to use their considerable influence to stand up for human rights and prevent rights violations in countries where they operate.
United Nations Secretary-General Ban Ki-moon today underscored the crucial role businesses play in the realization of Global Goals, or Sustainable Development Goals, adopted a year ago by 193 countries.