Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

‘SUSTAINABLE BUSINESS EXCHANGE’: A VIRTUOUS CYCLE FOR EU BUSINESS

‘SUSTAINABLE BUSINESS EXCHANGE’: A VIRTUOUS CYCLE FOR EU BUSINESS

Businesses operating in Europe will be joining forces to become leading contributors to the UN Sustainable Development Goals (SDGs). The ‘Sustainable Business Exchange’, launched today in Brussels at a conference hosted by CSR Europe in cooperation with Huawei, will help companies turn circular and inclusive approaches into sustainable economic growth.

Initiated by CSR Europe, the leading European Business Network for Corporate Social Responsibility, the campaign empowers companies to take action and adopt sustainable growth models. It fosters business engagement with communities, cities and regions, as well as with each other, with a view to contributing to the global sustainability agenda and making sustainability a driver for growth in Europe.

“Through CSR Europe’s new programme, we aim to leverage the impact of over 10 000 companies in our network in order to address common challenges, promote the adoption of transformative business models and contribute to the Sustainable Development Goals,” said CSR Europe’s Executive Director Stefan Crets. “This cannot be done purely by the private sector, and so we will also engage stakeholders from civil society, governments and academia to increase this impact by working together. It is time for Europe to take action to address societal and sustainability issues, and we believe that the SDGs offer a common language in order to achieve this.”

The UN’s sustainability goals, announced last year together with the Paris Agreement, were at the heart of debates at the 2016 edition of the Sustainability & Innovation Conference Series where the ‘Sustainable Business Exchange’ was announced. Conference participants looked at how to effectively put these goals into practice. Global ICT leader Huawei, co-organiser of the conference, welcomed the initiative and stressed the importance of creating shared value to achieve the global goals. Technologies have significantly increased resource utilisation efficiency and will keep playing a meaningful role in driving forward the sustainable development agenda. Goals around education, health, sustainable cities and communities as well as climate change particularly resonate and the company is determined to play its part in achieving its ambitious objectives.

“To live up to our responsibility as a leading provider of ICT solutions, we have designed a sustainability management system that mainstreams CSR concerns into everything we do,” underscored Alan Aicken, Vice-President of the Procurement Department and Chief Sustainability Officer of Global Supplier Sustainability at Huawei. “Geared towards achieving the global sustainability objectives spelled out by the UN, and relying on constant improvement, sharing expertise and working together with public and private partners, it dovetails with the approach of the new ‘Sustainable Business Exchange’. We look forward to further stepping up our cooperation with European partners through this new framework.”

In practice, companies can join the ‘Sustainable Business Exchange’ in two ways:

  • A learning network will help them embrace the circular economy, rethinking the value chain and fostering innovative partnerships and business models, as well as sustainable consumption and production.
  • An SDG Incubator will facilitate pilot projects between companies, civil society and governments, to drive business contribution to the SDGs and tackle common challenges.

At a European level, efforts to address the e-skills challenge are a top priority. Huawei has been acting to help close this gap together with European partner universities through its international training programme, Seeds for the Future. The company selects top students for a study trip to China to get exposure to the latest technologies and be immersed in a global work environment. In Europe, 27 countries are involved so far, and more than 700 young people have participated since the programme’s European launch in 2011. By 2020, over 2500 European students will benefit from the programme.

Sustainable Business Exchange: find out more

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post