9 research outputs found

    Incorporating ESG criteria in human rights risk management in the finance sector: the case of Banco Montepio (Montepio Bank)

    Get PDF
    Over the last 15 years, the finance sector witnessed an exponential emergence and adoption of ESG criteria - a proxy term for considering sustainability-related factors - under the remit of sustainable finance and fuelled by initiates such as the UN Global Compact (UNGC) and the UN-backed Principles for Responsible Investment (PRI), which led to a spill over effect to other sectors and industries. Not only large corporations and investors have widely adopted corporate reporting on ESG factors and issues under frameworks such as the Global Reporting Initiative (GRI), the International Integrated Reporting Initiative (IIRC) and the Sustainability Accounting Standard Board (SASB), but ESG criteria have been associated with enhanced market performance in addressing corporate risks and strategies in investment decisions and it is estimated to be worth approximately US$D 20 trillion in assets. Yet, while ESG criteria are relevant for US and UK-based financial companies, it is not clear how in other countries, including European countries, such criteria are taken into consideration by banks, particularly in human rights risk management practices. Through a real case study, this research aims to understand how a Portuguese bank, Montepio, currently incorporates ESG criteria in human rights risk management practices when compared to some of the largest financial institutions in the world. Findings will shed light on some of the key gaps in the adoption of ESG criteria and assessment of human rights issues and modern slavery for managing risk in investment decisions, with practical policy recommendations.No decorrer dos últimos 15 anos, o sector financeiro testemunhou uma emergência e adoção exponencial dos critérios ESG - um termo representativo da consideração dos fatores de sustentabilidade - sob a alçada do financiamento sustentável e estimulado por iniciativas tais como o Pacto Global das Nações Unidas (UNGC) e os Princípios para o Investimento Responsável (PRI), apoiados pelas Nações Unidas, o que conduziu a um efeito de alargamento a outros sectores e indústrias. Não só os relatórios corporativos sobre fatores e questões de ESG foram amplamente adotados por grandes empresas e investidores em quadros como a Global Reporting Initiative (GRI), a "International Integrated Reporting Initiative" (IIRC) e o "Sustainability Accounting Standard Board" (SASB), como também os critérios de ESG foram associados a um melhor desempenho do mercado na abordagem dos riscos corporativos e estratégias nas decisões de investimento e, estima-se que ascenda a cerca de 20 triliões de dólares em ativos. Contudo, embora os critérios ESG sejam relevantes para as empresas financeiras sediadas nos EUA e no Reino Unido, não está claro de que forma noutros países, incluindo países europeus, tais critérios são tidos em consideração pelos bancos, particularmente nas práticas de gestão de risco dos direitos humanos. Através de um estudo de caso real, esta pesquisa pretende compreender como um banco português, o Banco Montepio, incorpora atualmente critérios de ESG nas práticas de gestão de risco de direitos humanos quando comparado com algumas das maiores instituições financeiras do mundo. As conclusões irão esclarecer algumas das principais lacunas na adoção dos critérios de ESG e na avaliação das questões de direitos humanos e da escravatura moderna, para a gestão do risco nas decisões de investimento, com recomendações políticas práticas

    Responsible Management Education

    Get PDF
    The ebook will be Open Access and made available on publication. Written by many of the key influencers at the Principles for Responsible Management Education (PRME), the book focuses on advancing sustainable development into education, research and partnerships at higher education institutions and, specifically, at business schools, with the purpose of educating responsible leaders for today and tomorrow. The book serves as a concrete source of inspiration for universities and other stakeholders in higher education on structures, processes and content for how to advance responsible management education and sustainable development. It articulates the importance of key themes connected with climate change, gender equality, anti-corruption, business for peace, anti-poverty and other topics that are related to the Sustainable Development Goals (SDGs). The book emphasizes the significance of local–global interaction, drawing on local action at management schools in combination with global knowledge exchange across the PRME community. In addition, the book clearly demonstrates the background, key milestones and successful achievements of PRME as a global movement by management schools in collaboration with a broader community of higher education professionals. It exemplifies action in various local geographies in PRME Chapters, PRME Working Groups and the PRME Champions work to advance responsible management education. The authors of the book are all globally experienced deans, professors, educators, executives and students with a global outlook, who are united to advance responsible management education locally and globally. The book will be invaluable reading for university leaders, educators, business school deans and students wanting to understand and embed responsible management education approaches across their institutions and curricula

    Planteamiento de un modelo de base de indicadores de sostenibilidad para presentación de informes anuales para tres entidades de desarrollo y un acuerdo financiero regional de América latina y el caribe centrado en los Objetivos de Desarrollo Sostenible

    Get PDF
    Propuesta de batería de indicadores para presentación de informes bajo los ODS por parte de tres entidades de desarrollo y un acuerdo financiero regional de América Latina y el Caribe

    Advancing sustainability education in business studies through digital service learning

    Get PDF
    To support the development of a society that is attuned to the challenges presented by sustainable development, it is vital that higher education business students understand the value of sustainability, and act in a way that is consistent with these values. This paper explores a sustainability-focused experiential learning activity through investigating the utility of an emerging form of service learning in the digital space for developing global citizens. The paper presents an international case study of educators who employed digital service learning in various business education contexts. The research reports on the perceptions of higher education students in relation to their awareness, critical thinking and action for sustainability. The paper has practical contributions in identifying an opportunity for implementing sustainability curriculum into higher education for business

    An exploration of student learning for sustainability through the WikiRate student engagement project

    Get PDF
    The launch of the UN Global Compact\u27s Principles for Responsible Management Education (PRME1) in 2007 can be seen as a widespread acknowledgement that students of business and management need a form of education that enables them to make a positive contribution to both business and society. PRME\u27s aim of realising the United Nations\u27 Sustainable Development Goals (SDGs) through responsible management education is built on six guiding Principles, designed to encourage business schools and universities to recognise their role as change agents and champions of sustainable development. Consequently over 700 signatories to PRME have committed to adapt their institutional strategies, curricula, research agendas, and external engagement activities to develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy (PRME, Principle 12)

    When situativity meets objectivity in peer-production of knowledge:the case of the WikiRate platform

    Get PDF
    PurposeThe purpose of this paper is to further the debate on Knowledge Artefacts (KAs), by presenting the design of WikiRate, a Collective Awareness platform whose goal is to support a wider public contributing to the generation of knowledge on environmental, social and governance (ESG) performance of companies.Design/methodology/approachThe material presented in the paper comes from the first-hand experience of the authors as part of the WikiRate design team. This material is reflexively discussed using concepts from the field of science and technology studies.FindingsUsing the concept of the “funnel of interest”, the authors discuss how the design of a KA like WikiRate relies on the designers’ capacity to translate general statements into particular design solutions. The authors also show how this funnelling helps understanding the interplay between situativity and objectivity in a KA. The authors show how WikiRate is a peer-production platform based on situativity, which requires a robust level of objectivity for producing reliable knowledge about the ESG performance of companies.Originality/valueThis paper furthers the debate on KAs. It presents a relevant design example and offers in the discussion a set of design and community building recommendations to practitioners

    WikiRate.org - leveraging collective awareness to understand companies' environmental, social and governance performance

    Get PDF
    Abstract. WikiRate is a Collective Awareness Platform for Sustainability and Social Innovation (CAPS) project with the aim of \crowdsourcing better companies" through analysis of their Environmental Social and Governance (ESG) performance. Research to inform the design of the platform involved surveying the current corporate ESG information landscape, and identifying ways in which an open approach and peer production ethos could be e ffectively mobilised to improve this landscape's fertility. The key requirement identi ed is for an open public repository of data tracking companies' ESG performance. Corporate Social Responsibility reporting is conducted in public, but there are barriers to accessing the information in a standardised analysable format. Analyses of and ratings built upon this data can exert power over companies' behaviour in certain circumstances, but the public at large have no access to the data or the most infuential ratings that utilise it. WikiRate aims to build an open repository for this data along with tools for analysis, to increase public demand for the data, allow a broader range of stakeholders to participate in its interpretation, and in turn drive companies to behave in a more ethical manner. This paper describes the quantitative Metrics system that has been designed to meet those objectives and some early examples of its use

    Responsible Management Education

    Get PDF
    The ebook will be Open Access and made available on publication. Written by many of the key influencers at the Principles for Responsible Management Education (PRME), the book focuses on advancing sustainable development into education, research and partnerships at higher education institutions and, specifically, at business schools, with the purpose of educating responsible leaders for today and tomorrow. The book serves as a concrete source of inspiration for universities and other stakeholders in higher education on structures, processes and content for how to advance responsible management education and sustainable development. It articulates the importance of key themes connected with climate change, gender equality, anti-corruption, business for peace, anti-poverty and other topics that are related to the Sustainable Development Goals (SDGs). The book emphasizes the significance of local–global interaction, drawing on local action at management schools in combination with global knowledge exchange across the PRME community. In addition, the book clearly demonstrates the background, key milestones and successful achievements of PRME as a global movement by management schools in collaboration with a broader community of higher education professionals. It exemplifies action in various local geographies in PRME Chapters, PRME Working Groups and the PRME Champions work to advance responsible management education. The authors of the book are all globally experienced deans, professors, educators, executives and students with a global outlook, who are united to advance responsible management education locally and globally. The book will be invaluable reading for university leaders, educators, business school deans and students wanting to understand and embed responsible management education approaches across their institutions and curricula
    corecore