A new role for business in the battle against inequality and climate change
There was a time when societal problems were seen as the exclusive responsibility of governments.
But that’s no longer the case.
There was a time when societal problems were seen as the exclusive responsibility of governments.
But that’s no longer the case.
In today’s context of growing inequalities, an increasing number of companies want to leverage their procurement strategies and programs to support vulnerable groups who do not benefit from job creation or progress towards fair wages to the same extent as others.
While the world’s largest companies are becoming more valuable, powerful and concentrated, the number of people living in extreme poverty could increase to over one billion by 2030.
Inequality in income, wealth and well-being has been increasing for the past 40 years. But the economic disruption caused by the continuing effects of the COVID-19 pandemic, combined with the war in Europe, adds new urgency to the challenge.
At Arcadis, our ‘Maximizing Impact’ strategy rests on two pillars: taking care of people and our planet. Foundational to focusing on people is treating them with dignity and respect, something on which Arcadis has based its purpose—”improving quality of life”— and which we continue to pursue with vigor, aligning our approach closely with the UN Guiding Principles on Business and Human Rights.
According to the 2022 World Inequality Report, the richest 10% of the global population takes 52% of global income and owns 76% of all wealth, while the poorest half of the population earns just 8.5% of global income and 2% of wealth.
Forética, the leading organization for sustainability and WBCSD’s representative in Spain, presented the report ‘Green Jobs and Fair Transition in the Future of Work’ as part of the ‘JOBS 2030 – Future of Work’ project – led by ManpowerGroup, with the collaboration of Fundación ONCE and PRISA.
As more and more boardrooms have sustainability at the top of their to do lists, Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD), warns that if tackling inequality is not a key part of your plans, your sustainability efforts will fail, and your business will suffer.
WBCSD and UNICEF have launched a podcast on the critical role of responsible business conduct in the fight against child labor.
When the COVID-19 pandemic struck in 2020 and the world “stopped” for a moment, the transport sector experienced some of the most dramatic effects. Global road transport activity was cut in half, and public transit ridership dropped by 50 to 90% in some major metropolitan areas.