Delivery in day(s): 5
MGMT1102 Corporate Social Responsibility Oz Assignments
The main aim of this report is to understand the importance of sustainability development, and in this context this report addresses one of 17 sustainable development goals introduced by United Nations. Structure of this report mainly includes the evaluation of the UN Principles for Responsible Project Management Education (PRME) in context of achieving the goals. At the end, brief conclusion is stated which followed by the required recommendations.
United Nations is deemed as the international organization which was established in 1945 after the Second World War. It is the effort of almost 51 countries in terms of maintaining international peace and security. UN also focuses on developing the strong relationship between different nations and promotes the social progress of the country.
The sustainable development goals introduced by UN can be deemed as the blue print which mainly focuses on achieving the better and more sustainable future for all. These goals mainly address the global challenge faced by the nations, and include the issues related to the poverty, inequality, climate, environmental degradation, prosperity, peace and justice (UN, no date).
The Principles for Responsible Management Education (PRME) is the initiative of United Nations which is founded in 2007. It can be deemed as the platform which focuses on raising the profile of the sustainability in schools across the globe. The main aim of this principle to equipped the students of business with the ability to ensure changes in future. It must be noted that this institutions of the higher education mainly involved in the development of the present and future managers by developing the six principles (PRME, no date).
The United Nations systems organizations include in its ambits number of organizational entities such as centers, agencies, organizations, commissions, programs with different type of institutional and functional structures. All these principle organs and subsidiary bodies of the UN Secretariat fall under the regular budget of the United Nations and this is authorized by the general assembly (UN, no date).
In context of this report selected goals is goal number 13 that is take urgent action to combat climate change and its impacts.
As stated by UN, each and every country across the globe feels the pressure of the drastic effects of the changes occurred in climate, and some countries feel it more. On average basis, the annual losses can be count in hundreds of billion dollars in terms of the earthquakes, tsunamis, tropical cyclones and flooding. It is possible to reduce the losses of life and properties by helping out the more vulnerable regions such as those countries which are land-locked and island states becomes more resilient in nature. However, it is possible by adopting the changes in the political and technological form to impose limit on the increase in global temperature that is two degree Celsius above the pre-industrial levels, which means, such measures which avoids the effects on the climate change. This sustainable goal states the measures through which countries can meet together in context of meeting the climate challenges (UN, no date).
UN corporate governance
In context of providing the wise council and meaningfully monitor management actions, it is necessary that Board must include such members which understand the issues related to the sustainability (UN, no date).
Governance practices play important role in the organization, as it contributes in the vision, process, and structures of the organization in terms of making the decisions which ensure long-term sustainability in the organization. More than this, they need the organizations which are profitable and also achieve the environmental, social, and economic value for society. Board of directors collectively and individually play most important role in context of accomplishing these objectives. Corporate governance mainly deals in achieving the balance between the economic and social goals of the organization, and also between the goals related to the individual and community (UN, no date.
The main motivation in context of this new understanding of the board of directors of the organization can be seen under the enhancing initiatives in terms of the Particular industries across the globe. Chief among these organizations are OECD Principles of the corporate governance and United Nations Global Compact. These benchmarks mainly inform the Work in context of the global corporate governance forum in context of its efforts to encourage the good corporate governance practices in both emerging markets and low income countries.
Board responsibilities in lieu of this issue are very serious, as it mainly deals with the corporate citizenships and make the clear call in context environmental, social and governance responsibility. It mainly highlights the three fundamental functions of the board and directors duties in context of the organizations and the shareowners they serve.
1. Directors need to protect the rights of the shareholders and also the interest of the shareholders of the organization.
2. Directors of the organization are under obligation to manage the risk.
3. Directors must ensure the creation of the long term values of the business.
4. Directors need to protect the rights of the other stakeholders and also the interest of the stakeholders of the organization (UN, no date).
It must be noted that, stakeholder’s responsibilities on the part of directors includes the responsibility towards the climate and in present context, these responsibilities are deemed as the most important responsibilities. Directors need to make the protection of the environment and also needs to ensure that their efforts encourage the government of different nations in terms of taking action for reducing the related to the climate change.
The Chief Executive boards (CEB) of the UN mainly focus on cooperating and coordinating the complete range of issues related to the substantive and management which is faced by the United Nations system organizations. It must be noted that, CEB is the successor body of the Administrative Committee on Coordination (ACC), and it bring together the executive heads of the UN on regular meeting which is chaired by the Secretary General of the United Nations.
Additionally, in context of its regular reviews related to the contemporary political issues and major issues which are faced by the system of United Nations, in terms of the recommendations from the different bodies reporting to UN. The main responsibility of the CEB includes the approval given to the policy statements on the behalf of the complete system of UN.
As stated, CEB brings the 31 executive heads of the specialized agencies together for delivering at the global, regional and country levels. This system is mainly supported by almost two pillars that are High Level Committee on Programmes (HLCP) and High Level Committee on Management (HLCM) (UN Systems, no date).
CEB is mainly supported by 3 high level Committees that are HLCP, HLCM and UNDG. This section defines the division of responsibilities between these three committees that are defined below-
HLCP- It mainly involves in the global policy consistency, and this mainly includes the development of the policy tools, and it also work in context of the issues related to the global policy & programs and global public goods. It stands for the High Level Committee on Programmed, which is established in 2000 by the CEB. It is defined as the principle mechanism for the system-wide coordination in the area of program. The chairman of this committee is the President of the International Fund for Agricultural Development, and it is mainly composed of the senior-most programmer managers of the organizations of the UN system.
HLCM- it stands for the High Level Committee on Management, which mainly ensures the harmonization of the business practices across all the systems of the organization and this also includes the general management issues. In other words, it ensures the consistency in the complete management from global level to country level.
UNDG- it stands for the United Nations Development Group, which includes in the enhancement of the consistency and effective oversight and it also focus on the provision of the guidance and capacity building in terms of the country level partners. Further, it ensures the coordination of the UN development operations at the country level which also address the policy guidance issues in terms of the country level operations (UN, no date).
Stakeholder is deemed as that person who is gaining something or losing from the result of the planning process or project. There are number of circles which all are known as the interest groups and all these groups have the powerful hold on the results of the sustainable goal of take urgent action to combat climate change and its impacts (UNstats, no date).
Following is the stakeholder mapping in context of the chosen goal-
1. The Dormant stakeholders- These groups of the stakeholders do not hold any power or hold weak power, which means, they are not involved in the process and required less attention. It mainly includes the groups or agencies which are working at local or communal level or the non-governmental organizations (FAO, no date).
2. The dependent stakeholders- These groups of stakeholders are highly dependent, but influences of these groups are lower. In context of the chosen goal, these groups mainly include the agencies or groups working at the state or national group or the scientific and technological community or the farmers or the business schools (UNFCC, no date).
3. The influential stakeholders- These groups of stakeholders hold very low interest in the project but these groups hold high power. From these groups no emergency action is required from these groups because they are not the part of the project. In context of this goal the stakeholders are the organization's operation their functions at both national and international business law level.
4. The interested stakeholders- These groups of stakeholders have the high level of involvement but these groups are not dependant and influential in nature. It mainly involves the subcommittees of the UN such as HLCP, HLCM, and UNDG or the government of different nations.
5. The Dominant and Involved Stakeholders- These groups are both dominant and interest, and it includes the departments of the United Nations and other relevant organizations or authorities (UNhabitat, 2018.
Strong relationship and direct communication is necessary among the stakeholders for ensuring the fulfilment of the goal. Climate change is the issue which is affecting the countries at high level, and it is necessary to take combined efforts for reducing the impacts of climate change. UN introduces number of solutions, and all these solutions can only be implemented if all the stakeholder groups work together. There are number of actions which are taken by the UN for enhancing the connection between the different groups of the stakeholders such as there are number of countries which sign the Paris Agreement at the COP21 in Paris. As all these solutions help the UN in making the relationship between the stakeholders stronger and do the necessary to achieve the goal.
Almost six principles are stated in this context, all these are defined below-
1. Principle 1/ purpose- This principle develops the capabilities of the students for becoming the future generators of the sustainable value. In terms of the chosen gaol, students must prepare for the climate protection and importance of this must be teaches to them at the initial stage. In other words, course work of the student must include the compulsory subject of the climate change and business operations effects on climate. Student must be trained in such manner as they become able to mitigate the negative effects on the climate by implementing innovative solutions in this context.
2. Principle 1/ Value- This principle ensure the incorporation of the values related to the global social responsibility in the academic activities and organizational activities. In terms of the chosen goal, Academic activities in the business schools must be managed in such manner as it includes the teaching and topic of the climate protection and effects of the business operations on the climate (PRME, no date. These activities need to be addressed the measures also through which these negative effects on the climate can be reduced.
In terms of the above facts, following recommendations are given to the related organization in context of taking the urgent actions on the climate change-
1. Recommendation 1- organizations must include the climate protection as the compulsory subject in their course works, which means, students of the business management must be trained in context of the responsibility they own towards the environment and society. In other words, climate change and social responsibility topics must not be considered as the alternative subjects or non-important subject, as they must be included in the list of the compulsory subjects. In this context, organizations and business schools can arrange the seminars and other activities through which students can be trained about the social responsibility and duties owned by them towards the environment.
2. Recommendation 2- Organizations and business school must ensure the effective and valuable learning in context of this goal, which means, required measures must be taken by the organizations and business schools for teaching the students about all these learning’s. In other words, organizations need to develop training structures and organization such lectures through which experts’ advice can be given to the students (UNstats, no date).
UN focuses on developing the strong relationship between different nations and promotes the social progress of the country. The sustainable development goals introduced by UN can be deemed as the blue print which mainly focuses on achieving the better and more sustainable future for all.
The Principles for Responsible Management Education (PRME) is the initiative of United Nations which is founded in 2007. It can be deemed as the platform which focuses on raising the profile of the sustainability in schools across the globe. on the other hand, United Nations systems organizations include in its ambits number of organizational entities such as centers, agencies, organizations, commissions, programs with different type of institutional and functional structures.
In terms of the chosen goal, students must prepare for the climate protection and importance of this must be teaches to them at the initial stage. In other words, course work of the student must include the compulsory subject of the climate change and business operations effects on climate. Student must be trained in such manner as they become able to mitigate the negative effects on the climate by implementing innovative solutions in this context. In other words, climate change and social responsibility topics must not be considered as the alternative subjects or non-important subject, as they must be included in the list of the compulsory subjects.
1. FAO, (no date. Analysis and Mapping of Impacts under Climate Change for Adaptation and Food Security (AMICAF). Available at http://www.fao.org/in-action/amicaf/project-design/en/. Accessed on 29th September 2018.
2. PRME. History. Available at http://www.unprme.org/about-prme/history/index.php. Accessed on 29th September 2018.
3.. PRME. Six Principles. Available at http://www.unprme.org/about-prme/the-six-principles.php. Accessed on 29th September 2018.
4. UN Systems, (no date). Chief Executive Boards for Coordination. Available at http://www.unsceb.org/. Accessed on 29th September 2018.
5. UN, (no date. United Nations System Chief Executives Board for Coordination (CEB). Available at https://www.unsystem.org/content/hlcm. Accessed on 29th September 2018.
6. UN. About the Sustainable Business Development Goals. Available at https://www.un.org/sustainabledevelopment/sustainable-development-goals/. Accessed on 29th September 2018.
7. UN. About the UN. Available at http://www.un.org/en/about-un/. Accessed on 29th September 2018.
8. UN. Board Adoption and Oversight of Sustainability. Available at https://www.unglobalcompact.org/take-action/leadership/integrate-sustainability/board-adoption. Accessed on 29th September 2018.
9. UN. Corporate Governance The Foundation for Corporate Citizenship and Sustainable Businesses. Available at https://www.unglobalcompact.org/docs/issues_doc/Corporate_Governance/Corporate_Governance_IFC_UNGC.pdf. Accessed on 29th September 2018.
10. UN. Governance. Available at https://www.unglobalcompact.org/what-is-gc/our-work/governance. Accessed on 29th September 2018.
11. UN. The Directory of the UN System Organizations. Available at https://www.ungm.org/Shared/KnowledgeCenter/Pages/VBS_UNSystem. Accessed on 29th September 2018.
12. UNFCC, (no date. Stakeholders and capacity-building. Available at https://unfccc.int/topics/capacity-building/workstreams/capacity-building-portal/stakeholders-and-capacity-building-0. Accessed on 29th September 2018.
13. UNhabitat, (2018. UN-Habitat Stakeholder Engagement Policy. Available at https://unhabitat.org/wp-content/uploads/2018/04/Agenda-8-Stakeholders-engagement-policy-1.pdf. Accessed on 29th September 2018.
14. UNstats. Goal 13: Take urgent action to combat climate change and its impacts. Available at https://unstats.un.org/sdgs/report/2017/goal-13/.