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Bericht

26 Jan 2022

Autor:
World Benchmarking Alliance

World Benchmarking Alliance inaugural Social Transformation Baseline Assessment finds only 1% out of 1000 companies are meeting basics of socially responsible business conduct

"2022 Social Transformation Baseline Assessment", 26 Jan 2022

The World Benchmarking Alliance (WBA) develops [...] benchmarks [that] are grounded in the seven transformations needed to put our society, planet and economy on a more sustainable, equitable and resilient path...

Following the SDG's core promise to ‘leave no one behind’, the social transformation sits at the heart of WBA’s seven systems transformation model...

Our social transformation framework [...] sets out a series of high-level expectations that all keystone companies should meet if they aspire to help tackle the systemic risk of social inequality and be part of transformations that leave no one behind. These expectations are grounded in companies’ responsibility to respect human rights, their role in providing and promoting decent work and their ethical conduct regarding issues such as lobbying and tax...

Key findings

1. Social baseline: Weak foundations of responsible business conduct make it hard to build back better

...[T]he results of the 1,000 companies assessed show that only 1% are meeting the majority of these fundamental expectations and scoring above 15 points (out of a maximum of 20). Half of all companies scored disappointingly low (between 0 and 5 points). Overall, the baseline shows companies, across many countries and industries, are not demonstrating the fundamentals of socially responsible business conduct.

Despite the low scores, there is reason for hope. Each of the CSI requirements was met by at least one company in full...

2. Human rights: The time for voluntary approaches has passed; mandatory measures are needed

While 55% of companies are publicly ‘committed to respecting human rights’, less than half of these demonstrate that respect through tangible actions like HRDD. It is clear that voluntary approaches are not moving the needle fast enough...

3. Decent work: Living wages are a priority to achieve decent work and address social inequality

...[O]nly 4% of companies had targets, or claimed to pay workers a living wage already. In addition, only 4% of companies limited working hours, and only 4% of companies showed they understood pay inequalities by disclosing gender pay gaps for employee categories...

4. Ethical conduct: Big corporate influence with little accountability is eroding stakeholder trust; transparency is crucial

We found that transparency is often the exception rather than the rule. Only 20% of companies publish a high-level approach to lobbying and only 8% of companies disclose how much they spend on lobbying and influencing legislation. Similarly, public tax strategies were not found for 75% of companies, while only 9% of companies disclose the amount of tax paid for each jurisdiction where the company is resident for tax purposes...

5. Data gap: Accountability rests on consistent and reliable sustainability disclosures, but many companies still say nothing meaningful

The most common score across the sample is 0 points out of 20, with 116 companies out of 1,000 failing to meet any requirements on any of the 18 indicators...