Sunday, November 9, 2014

Three Takeaways from the BSR Conference

I plan to write-up a few in-depth posts this week but wanted to share some quick notes about the recurring themes I heard at the BSR Conference:

1. Long-term focus: across industries and professions, people spoke about the challenge of shifting market, media, and investor focus from short-term earnings to long-term financial sustainability. As social and environmental responsibility becomes less about initiatives and more integrated within business operations, meeting quarterly earnings projections becomes less pertinent to the corporate mission. We need stock analysts capable of looking beyond dollar per share, who understand and focus on social and environmental impact as a component of long-term financial stability, as well as a media willing to shift away from sensationalized ticker alarmism toward presenting a larger picture of corporate stability.

2. Collaboration: more than ever, companies are partnering together and with NGOs to answer the most difficult social and environmental challenges around the world. Look for more about collaboration in Myanmar/Burma, where companies are addressing the lack of legal and regulatory infrastructure together, with local and international NGOs, and with guidance from several arms of the UN. The challenges are too big and systemic, in Myanmar/Burma and throughout the world, to be solved by one company or NGO alone. Sustainability leaders spoke about the willingness of their companies to work together on these issues, understanding that competition and collaboration must coexist.

3.Transparency: another major message was transparency, even when the picture isn't pretty. Companies are more willing to openly discuss challenges alongside victories, to give a complete picture of their social and environmental efforts. It's no longer important to project a perfect image of errorless operations but, rather, focus on management's ability to learn from and respond to challenges and mistakes. The discussion was less about "how transparent?" and more about "how does transparency spread through the corporate culture?" through messaging and reward structures, so that employees feel free to share successes and challenges in the spirit of corporate learning.

Some of my favorite moments came when speakers gently reminded their audience the people most impacted by the initiatives discussed at the conference probably did not even know about the conference, let alone attend it. This message was not lost on the people I spoke with, and there was a deep understanding of their responsibility to look beyond the inevitable elitism of a corporate gathering. As expected, the truly inspirational moments from the conference came during the sharing of stories, moments of understanding about shared challenges, and the acknowledgement that everyone there was doing something important, no matter how small or big, to make this world a better place for everyone.


Thursday, November 6, 2014

Preview: BSR Conference, Thursday

Today, the last day of the BSR Conference, is chock-full of interesting speakers. Here's a summary of some of the highlights:

Human Rights in the Technology Sector

Speakers:

Brad Smith, Executive Vice President and General Counsel, Legal and Corporate Affairs, Microsoft Corporation
Mark Chandler, Senior Vice President, General Counsel and Secretary, Chief Compliance Officer, Cisco Systems Inc.
Eileen Donahoe, Director, Global Affairs, Human Rights Watch

It will be interesting to hear lawyers speak on human rights. In my experience, corporate lawyers tend to be more concerned with protecting the company than protecting those affected by company operations, so I'll be curious to see if these two break that mold.

Eileen Donahoe's inclusion on this panel likely means the focus will be on internet freedom, rather than supply chain sustainability and conflict minerals.

Breakout Session: Can Voluntary Frameworks Ensure Companies Respect Human Rights?

Speakers:

Ursula Wynhoven, General Counsel and Chief, Governance and Social Sustainability, United Nations Global Compact
Chris Albin-Lackey, Senior Researcher, Business and Human Rights Program, Human Rights Watch
Melike Ann Yetken, Senior Advisor for Corporate Responsibility, U.S. Department of State

This debate has been going on since long before the UN Guiding Principles on Business and Human Rights were developed, so it will be interesting to hear if any of these players have shifted their opinion based on the progress and challenges in implementing a voluntary framework thus far.

Rona Starr

Rona Starr is the Director of Supplier Workplace Accountability at the McDonald's Corporation. Beyond a summary of McDonald's efforts to promote human rights throughout their supply chain, I'll be interested in the tone of her presentation. Specifically, I'll be looking for how much emphasis is placed on making a business case, as compared to a moral argument, to sell sustainability initiatives within the organization. As I'll explain in a future blogpost, I've noticed a trend during this conference and I'm curious if it will hold.

Darren Walker

Darren Walker is the President of the Ford Foundation, which provides grants and fellowships to individuals and organizations, focusing on eight social justice issues:

  • democratic and accountable government
  • economic fairness
  • educational opportunity and scholarship
  • freedom of expression
  • gender, sexuality, and reproductive justice
  • human rights
  • metropolitan opportunity
  • sustainable development

I wouldn't even dare to guess what Mr. Walker will focus on during his presentation but, if it's fantastic, I'll be sure to blog a bit about it and send a link to the video, when and if it becomes available.

Oh yeah and Bill Nye is closing the conference! If you want to see his presentation, check out the livestream at 6:40pm ET.

Note: I'm still deciding which afternoon breakout sessions to attend so, instead of previewing my options, I'll be sure to summarize the winners in a future blogpost.


The BSR Conference runs Tuesday through Thursday, in New York. The Agenda and link to livestream of selected events can be found here. Follow events at #BSR14 on twitter and stay tuned for more from me!

Wednesday, November 5, 2014

Preview: BSR Conference, Wednesday

Today, the first full day of the conference, is packed with cool panels and speakers. Here's a highlight of the events I will be attending.

Jeffrey Wright

Actor Jeffrey Wright is co-founder of the Ebola Survival Fund and is on the advisory board of the United Nations Democracy Fund. He tweets at @jfreewright about his efforts to #CrushEbolaNow.

Breakout Session: Responsible Business in Myanmar

Speakers:
Mai Oldgard, Vice President and Head of Sustainability, Telenor Group
Marcus Chung, Vice President, Social Responsibility and Vendor Compliance, The Children's Place
Fiona Sadler, Director, Ethical Sourcing, Marks & Spencer

It appears the discussion will focus on proactively engaging stakeholders to catalyze sustainable development. I will primarily be looking for any efforts by these companies to protect the Rohingya Muslim minority against human rights abuses. I will also be interested in how they address child labor and their approach to developing in conflict areas.

Additional information:

Nils S. Andersen

Nils Andersen is Group CEO of The Maersk Group, a global trade, shipping, and energy company, operating in 130 countries. Maersk's sustainability focuses on three areas:

  • Energy efficiency - increasing trade and economic opportunities while improving energy efficiency of their global transport supply chains and reducing carbon emissions from their containerized transport
  • Enabling trade - improving conditions for businesses and industries to participate in global trade by reducing external barriers to trade, providing transport and logistics to local farmers, and engage with governments regarding infrastructure improvements
  • Investing in education - training and education to build skills in growing markets, encouraging diversity in enrollment, targeting women and communities currently unable to access education opportunities

This is a broad strategy and I don't know where Mr. Andersen will focus, but I hope he spends some time discussing Maersk's anti-corruption efforts, as well as their progress toward integrating the UN Guiding Principles on Business and Human Rights throughout their operations.

Breakout Session: Innovative Approaches to Sustainable Supply Chains

Speakers:
Kelly Goodejohn, Director, Ethical Sourcing, Starbucks Coffee Company
Tu Rinsche, Manager, International Labor Standards, The Walt Disney Company
Greg Priest, Head of Sustainability Policy, IKEA Group
Deborah Kops, Managing Principal, Sourcing Change

As always, I'll be interested to hear if, and to what extent, Starbucks, Disney, and IKEA have integrated the UN Guiding Principles on Business and Human Rights in to their supply chains. I'll also be interested in if and how Sourcing Change prioritizes human rights through supply chain change management.

The BSR Conference runs Tuesday through Thursday, in New York. The Agenda and link to a livestream of selected events can be found here. Follow events at #BSR14 on twitter and stay tuned for more from me!


Tuesday, November 4, 2014

Preview: BSR Conference, Tuesday

I'll be at the BSR Conference this week and will be blogging about the presentations and discussions, with a particular focus on sustainable supply chains and business development in Myanmar/Burma. I imagine, after looking at the agenda, there will also be some interesting discussions about how business can contribute to the fight against Ebola.  Here's a preview of the two speakers opening the conference tonight.

Dame Ellen MacArthur

Dame Ellen MacArthur, founder of the Ellen MacArthur Foundation, will open the conference on Tuesday evening.

I imagine Dame MacArthur will speak about the work done by her Ellen MacArthur Foundation toward accelerating a transition to a regenerative circular economy.  A circular economy is one that is regenerative by design, less linear, more organic.

A regenerative circular economy uses biological materials, designed to re-enter the biosphere, and technical materials, designed to circulate with minimal loss of quality.

Go here for an interactive version of this diagram

A transition would require a systems level re-design to an economy that is restorative by intention, which aims to rely on renewable energy, and minimizes, tracks, and hopefully eliminates the use of toxic chemicals, while eradicating waste through careful design.

The circular economy shifts the focus from product ownership to "functional service," whereby manufacturers or retailers retain the ownership of their products, selling the use of their products instead of one-way consumption. Products are designed to be more durable and to be easily disassembled and refurbished for repeated use.

I will be interested to hear about progress and feedback from manufacturers, customers, and other stakeholders.

Sir Andrew Witty

Sir Andrew Witty is the CEO of GlaxoSmithKline, a global healthcare company that researches and develops vaccines, medicines, and consumer products. Previously, he has worked in GSK's International New Products groups, in respiratory and HIV and infectious disease fields.

GSK has several socially responsible initiatives in progress, including:

  • reinvesting 20% of profits made from sales in least developed countries back in to strengthening healthcare systems in those countries, partnering with NGOs to train frontline healthcare workers to reduce child and material mortality as well as meet wider community healthcare needs
  • developing the world's first malaria vaccine which, if approved and recommended for use, will be preferentially (affordably) priced in affected least developed countries, as well as working in partnership with other organizations to develop new tools and increase the use of existing tools (bed nets, spraying) to combat malaria
  • contributing to the United Nationals Millennium Development Goals by supplying medicines and vaccines and supporting development organizations which help women overcome poverty, among other commitments
These are all interesting, but I hope Sir Witty will spend some time discussing GSK's efforts to develop an Ebola vaccine.  Their Ebola vaccine has shown promising results in preclinical (non-human) studies and is in currently in phase 1 safety trials (human). Results are expected by the end of 2014. If successful, the vaccine will given to thousands of frontline healthcare workers in Sierra Leone, Guinea, and Liberia in early 2015. If the results of that phase show the vaccine successfully protects healthcare workers against Ebola without causing significant side effects, GSK intends to be prepared to accelerate production of the vaccine. Given the current situation in afflicted countries in West Africa, this is welcome news.

I will be interested to hear a status report and Sir Witty's response, if any, to recent comments by Dr. Margaret Chan, the director general of the World Health Organization.

The BSR Conference runs Tuesday through Thursday, in New York. Follow events at #BSR14 on twitter and stay tuned for more from me!