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Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
08/L-209 on Sustainable Investments (hereinafter, the “2024 Law on Sustainable Investments”). Significant changes to the protection of foreign investors and their investments were introduced with the 2024 Law on Sustainable Investments which entered into force in September 2024. Kosovo Law No.
Many of you will know that weve always been interested in opening up and improving the procurement and contracts that underpin mega-sporting events, which have – all too-often been – vectors for cronyism, corruption or massive mis-spending. You should get involved too.
This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability. Foster sustainability by prioritizing green and energy-efficient technologies. However, one critical element often overlooked in these discussions is public procurement.
Why it matters An overreliance on non-competitive procedures makes the procurement market highly vulnerable to corruption and inefficient public spending. In total, 1200 criminal corruption offenses were registered in Kazakhstan from January to July 2024 8.1% more than the same period in 2023.
Read on for some of our plans on this Your top priorities for 2025 include making AI work in public procurement, implementing anti-corruption strategies, and building better e-procurement systems. We’re humbled to learn that 91% of you recommend working with us.
Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. In instances of active waste, such suboptimal decisions are motivated by personal gain, as exemplified by corruption.
A new element of the NPPS, as compared with previous versions, is the focus on ensuring suppliers uphold the highest standards of integrity, ethical conduct and environmental sustainability in business. This aligns with the stronger sanctions in the Act relating to performance, exclusions, and debarment.
Around the world, governments are embracing “green procurement” – environmentally sustainable strategies to reduce global greenhouse gas emissions and other forms of pollution. government in April 2024 issued a final rule calling for contracting officials to plan to procure sustainable and services “to the maximum extent practicable.”
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
The latest Water Integrity Global Outlook highlights how the global water and sanitation sectors are notoriously opaque and vulnerable to corruption. Complex financial structures, involving multiple actors and funding sources, further obscure accountability and enable corruption.
Challenge: Despite ongoing government reforms, corruption and inefficient spending remains pervasive in Kazakhstan’s public procurement. Finally, the Anti-Corruption Agency is proactively supporting the development of civic monitoring and has agreed to cooperate with the civil society coalition to monitor procurement.
Early this year, the European Union (“EU”) finalized the required internal procedures for the entry into force of the Sustainable Investment Facilitation Agreement concluded between the European Union and the Republic of Angola on 18 November 2022 (“SIFA” or the “Agreement”).
The second and final panel, which concluded the CBAr 23rd International Arbitration Conference, was moderated by Mr. Fernando Serec and was entitled “The Future (of the Past) of Foreign Investment, Infrastructure, and Sustainability in Brazil,” presented by Ms. Does it have a genuine sustainable development policy? Elena Landau and Ms.
We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. We want to unlock its power to improve economic inclusion and sustainability, rebuild integrity and trust, and deliver the quality public services that we all deserve.
However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.
These principles include transparency, accountability, efficiency, effectiveness, equal treatment, rule of law, sustainable procurement, and engagement with the private sector and civil society. e-GP strategy ownership and sustainability e-GP strategies should be aligned with the national development agenda and wholly owned by the government.
Massy, France, 16 December – Ivalua, a leading provider of global Spend Management Cloud solutions, has joined the United Nations (UN) Global Compact, the world’s largest voluntary corporate sustainability initiative. The way we spend matters, and we are collectively committed to long-term sustainable growth.”.
As Black History Month transitions into Women’s History Month, WNN highlights Dr. Toni Savage, Bunny Greenhouse, and Dr. Duane Bonds, whose outspoken whistleblowing activity against corruption led to significant change. She sustained permanent knee damage. However, she was demoted and stripped of her security clearance.
On 15-16 June, together with the governments of Albania, Italy and the Netherlands, we held a conference on Open and Sustainable Procurement in Europe for about 100 procurement leaders from 25 European countries. Inclusion, sustainability and digitization shouldn’t be planned in silos but planned for together.
Last week in Rome, we brought together over 100 leaders from 26 European governments , EU institutions, global organizations like the World Bank, OECD, EBRD, and UNOPS, civil society, and the private sector for the 3rd International Open and Sustainable Public Procurement Conference 2024. We’re ready to help make this happen.
This model policy is a joint initiative of OPC and the Global Smart Cities Alliance (GSCA) – a forum uniting thousands of stakeholders from cities worldwide committed to adopting responsible technologies to drive progress towards sustainable development. Japan is generally perceived as a country with little political corruption.
All too often I’m told that public procurement is boring, technical and abstract, too removed from people’s lives, and that some money will inevitably be “lost” to corruption or poor financial management, like it is an inevitability we have to accept. But I disagree.
Public procurement, one-third of spending or more of every country, is critical to economic development and sustainability. Sustainability needs to be seen as a wider issue, not just green purchasing and the environment, but also supporting women businesses and local economic development. Every step has a clear action and timeline.
Nevertheless, a growing number of arbitrations revolve around matters like environmental permits, green incentives, the need for a “social license,” and corruption. Sustainable development requires resources, which foreign states can access through foreign investment. At least not explicitly. IBA Report, p.
Notably, the inclusion of provisions regarding anti-corruption, although framed as involuntary, applies only at the domestic legal level, thus avoiding broader discussions around internationalizing binding anti-corruption measures.
The ‘rise in legislation’, including the EU Corporate Sustainability Reporting Directive and the EU Corporate Sustainability Due Diligence Directive (see here for previous coverage), impose new duties and potential liabilities on businesses.
As the largest portion of the economy that is directly in government’s hands, public procurement is now at the forefront of interventions in digitizing government business, and advancing inclusive development, sustainability, and open government. This was not always the case.
Finally, ensure you act ethically and sustainably at all times. Do not engage in any bad practice such as bribery, corruption or fraud. Challenge yourself as to whether any of the errors are actually related to the fact that the specification given with the RFQ or purchase order was ambiguous.
As citizens of more than 190 countries unite to commemorate Earth Day on 22 April, the Campaign for Greener Arbitrations (“CGA”) continues to progress its mission to guide the international arbitration community towards more sustainable practices. Look for CGA representatives at ICCA Hong Kong , LIDW , and many upcoming events.
When we asked which issue areas are most important to you, we saw a deep alignment with our own increased investment in anticorruption, sustainability, and electronic procurement. In 2024, we look towards implementation of the resolution and participation at the International Anti-Corruption Conference (IACC) in Lithuania this summer.
Sustainability Focus: Many social value frameworks incorporate environmental sustainability, such as reducing carbon footprints or promoting green practices through supply chains. It also aligns with global goals like reducing greenhouse gas emissions and promoting sustainable development.
More than ever, customers are looking to associate themselves with brands whose values align with social responsibility, sustainability, and social justice issues. How Procurement can Accelerate Corporate Social Responsibility Performance ,” and how leading brands are using sustainability as a market differentiator.
Following these principles will allow for public sector entities to make informed decisions which will drive competition and the most advantageous combination of cost, quality and sustainability. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.
Blockchain’s touted tamper-proofness and potential to enable smart contracts are driving initiatives that seek to create automated ‘trust in trustless environments’ for public sector use cases , in particular concerning activities highly-exposed to corruption risks and/or the automation of administrative procedures devoid of discretion.
Luca Enriques (University of Oxford) provided an in-depth analysis of the EU Corporate Sustainability Due Diligence Directive , with a focus on its extraterritorial effects and its potential impact on US companies. environmentally harmful) firms from making sustainable investments.
State Department’s caution highlights the need for a sustained demonstration of commitment to transparency and predictable implementation of investor-friendly policies. While Mongolia’s current focus on regulatory reforms and compliance with international treaties is a positive shift, the U.S.
While the Investment Protocol and the Model BIT deal with different subjects, they both aim to promote investment and trade in Africa without compromising African states’ abilities to implement necessary national policies and achieve their sustainable development goals.
Perhaps, underneath all the arbitral extravagance and incalculable network of disturbing corruption lurks a least appreciated cultural milieu worth $11 billion dollars. Beyond the corruption, one can think of another reason why Nigeria’s defence during the arbitration was abysmal. Let’s kill all the lawyers. ’” ( Nigeria v.
After discussing the drawbacks of Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) investor obligations, the post will put forward its own proposal of a legality clause with a “sustainable-development” element. Instead, a Legality Clause with a “Sustainable-Development” Element?
Supply Chain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S.
Visconte briefly traced the history of the infrastructure debate, from ancient civilizations such as the Aztecs, Greeks, Incas, and Romans to modern-day discussions on sustainability. She emphasized the role arbitration plays in addressing environmental challenges. In addition, ChatGPT has also been used to help shorten the post.
Sustainability, diversity and inclusivity In order to enhance the sustainability, diversity and inclusivity of arbitrations, the new NAI Rules provide that all communications during the proceedings must be made by email or through the NAI arbitration platform ( Article 50, paragraph 4 ).
More from our authors: Dealing with Bribery and Corruption in International Commercial Arbitration: To Probe or Not to Probe by Emmanuel Obiora Igbokwe € 190 Arbitration in Egypt: A Practitioner's Guide by Ibrahim Shehata € 190 Follow along and see all of Kluwer Arbitration Blog ’s coverage of ICCA Hong Kong 2024 here.
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