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There is increased recognition that sustainability cannot be a siloed business unit within an organisation. The main takeaway is that sustainability transformation takes time – but every step along the journey can be meaningful. This blog post provides a recap of the highlights from the sustainability briefing.
Nonprofit organizations (NPOs) and nongovernmental organizations (NGOs) focusing on sustainability are dedicated to fostering a healthy environment, preserving our planet, and providing a livable future for upcoming generations. This research is essential in informing policy and guiding action towards sustainability.
Additionally, the government is looking to provide “strong and sustained funding for CET [research and development] in pre-standardized coordination” as part of the long-term efforts. The USG NSSCET roadmap outlines four objectives: to sustain integrity and inclusivity, increase investment, broaden participation, and enhance the workforce.
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.”
In our recent publication, Asymmetric Sovereign Risk: Implications for Climate Change Preparation , we explore how perceptions of climate risk influence sovereign spreads across countries with varying economic conditions.
This vision aligns with the aspirations of many governments: leveraging technology to enhance public services , reduce costs, and promote sustainability. Procurement as a Strategic Driver of Digital Transformation Public procurement wields immense influence over markets, technology adoption, and the direction of societal progress.
Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.
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”).
Procurement thus heavily influences the interaction between the State’s contractual agents and citizens, and becomes a tool for the regulation of public service delivery. Overall, EU procurement law offers a diverse toolkit for public buyers to embed sustainability requirements.
First , although many workers think they have no influence over trust in their organization, they do, Sanchez said. We must develop an inclusive organizational culture, create sustainability, decrease attrition and turnover, increase retention, maintain knowledge management, and outperform non-inclusive organizations,” Benjamin said.
Corporate Sustainability: Sawschcuk said that sustainability is an area in which Procurement can make a big impact. For the last several years, sustainability was among the top 10 priorities in Europe, and now in the U.S. an increased focus on diversity, inclusiveness and sustainability is top of mind with many organizations.
In August 2020 Gartner published this report “4 Tactics Procurement Can Use to SustainInfluence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Influence The Board by Mapping the value of procurement projects to business priorities.
Challenge : The City of Des Moines in Iowa wanted to leverage procurement to improve equity and sustainability, but knew its current procurement processes and tools were insufficient. City employees are now able to collaborate on procurement more efficiently, and better plan and track their aspirations around equity and sustainability.
The debt threshold is not the same for all countries because it can be influenced by different factors such as the economic structure, for example. Our research shows that several factors influence the effects of public debt on growth. For LAC countries, this threshold is at approximately 53 percent of GDP.
Fiscal rules have become a common policy tool to promote the sustainability of public finances, as the number of countries with at least one fiscal rule has grown from ten in 1991 to more than 100 by 2021. In contrast, simply adopting fiscal rules but not complying with them does not translate into better outcomes.
government is the largest purchaser in the world, significantly influencing the purchasing landscape. This incremental approach allows businesses to grow sustainably while meeting the stringent requirements of government agencies. This strategic move can ultimately lead to long-term success and sustainability.
Addressing environmental concerns in a sustainable business model requires challenging the status quo. We now need more companies and governmental agencies to adopt the best and leading solutions to ensure a planet which is going to sustain our collective ecosystems. ESG is showing us that we can prosper with dignity and respect.
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.
Tom Temin Because this was a sustainment, which only happens in, what, about 15 or 20% of the protests that are brought. Here there are a couple of footnotes where they say either this could have been around for sustain essentially, but we’re not ruling on this. Zach Prince Yeah, that’s right. It’s not very frequent.
The government has promoted public participation in procurement monitoring, which is vital to combating corruption and improving efficiency, but few independent civil society organizations and individuals had the information, skills and influence to track contracting effectively. Implementing sustainable procurement practices.
This increased eligibility opens doors to financial resources that can fuel a woman owned business’ expansion, innovation, and sustainability. Many government agencies prioritize contracting and funding opportunities for WOSBs, recognizing the importance of empowering women in business.
Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . High levels of visibility reduce supply chain risk and address sustainability initiatives, such as tracking a product’s full line of custody.
This guide examines the fundamentals of public procurement, including fairness, value for money, and transparency, and how they influence both ethical and effective procurement procedures. By using procurement intelligence solutions, companies may stay up to date on opportunities and changes in national legislation and regulations.
Sustainable development requires resources, which foreign states can access through foreign investment. This post will also show that ISDS can become an effective tool to ensure a sustainable future. As demonstrated in this post, these critiques are misguided. IBA Report, p.
For example, after TenderNed noticed a high percentage of contracting procedures in the database had unrealistic award values, they activated their “team of e-procurement influencers” – external e-procurement experts with a large follower base. They used the data to address specific agencies, and posted about it on LinkedIn.
State Department’s caution highlights the need for a sustained demonstration of commitment to transparency and predictable implementation of investor-friendly policies. These reforms centered on state involvement and equity participation in strategic mineral deposits, and increased national benefits from its rich mineral resources.
Ethical procurement refers to the consideration of a wide range of issues relating to the ethical and sustainability goals of an organisation. Influence Peddling This is the practice of granting contracts to a certain supplier in return for compensation, such as special incentives or discounts. What is Ethical Procurement?
She offered a taxonomy of these disputes, based on the nature of the parties involved, their forum, and their legal basis, and she stressed that they have the potential to influence the conduct of both States and private actors. environmentally harmful) firms from making sustainable investments.
Our analysis reveals that demand shocks have a significant and positive influence on the primary balance. Demand shocks exhibit a diminishing influence on the exchange rate within a two-year timeframe. Following a demand shock, there is a substantial improvement in the primary balance, persisting for at least five years (see Figure 3).
These players administer public contracts, establish procurement regulations, and influence the procurement environment. The National Procurement Policy Statement (NPPS) The NPPS outlines the top priorities for public procurement in the UK, such as social value, innovation and sustainability.
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. In closing, Professor Armesto predicted that arbitration would become increasingly influenced by climate change concerns.
Over the past two decades, a growing number of Latin American and Caribbean (LAC) countries began adopting fiscal rules to limit overspending influenced by election cycles, public pressure, and other political economy factors, helping the region strengthen its fiscal solvency and sustainability.
It’s (Not) Just Semantics – The Hidden Power of Language The second of the parallel panels, moderated by May Tai , saw the speakers Samaa Haridi , Jern-Fei Ng KC , Lei Shi , and Rainbow Willard explore the significant influence of language on arbitration processes and outcomes.
It’s (Not) Just Semantics – The Hidden Power of Language The second of the parallel panels, moderated by May Tai , saw the speakers Samaa Haridi , Jern-Fei Ng KC , Lei Shi , and Rainbow Willard explore the significant influence of language on arbitration processes and outcomes.
The unveiling of new Smart Sustainable Cities and Special Economic Zones, aimed at enhancing business prospects, underscores the KSA’s commitment to fostering strategic sector development and attracting high-quality investments.
To both confirm the right opportunities and then execute against them, procurement must expand that engagement and its influence to other parts of the business. New revenue opportunities, more sustainable and agile supply chains, accelerated innovation. Effectively engaging executive leadership is critical, but insufficient.
Earlier analysis has also shown that there are pervasive risks of regulatory capture and commercial determination of the process of public sector digitalisation stemming from reliance on standards and benchmarks created by technology vendors or by bodies heavily influenced by the tech industry.
This shift was propelled by environmental factors and influenced by international agreements, such as the 1992 United Nations Framework Convention on Climate Change (“UNFCCC”) and the Paris Agreement. It promotes clean energy within Africa while contributing to global sustainability efforts.
Escape Clause Clarity Index (ECCI) The ECCI is a tool tailored to gauge the effectiveness of escape clause definitions, ensuring a delicate balance between crisis management, and sustained fiscal responsibility [1]. Influence on Compliance: a clearly defined activation timeline is pivotal in post-escape clause compliance.
“ The event brought together leading experts to discuss the intersection of investment law and the global shift towards sustainable energy. Although advisory opinions are non-binding, they are intended to influence domestic and international litigation.
This indicator can help policymakers understand whether taxes are influencing companies’ decisions to invest in new projects. These reforms could make capital allowances more generous and also include fiscally responsible reductions in statutory corporate income tax rates that do not compromise the sustainability of public finances.
I think maybe the question is, will that commercial traction be large enough to sustain in whatever time frame? And I think these companies are looking to calculate, how do they sustain to the point where there is a tipping point where commercial revenues really do unlock more opportunity? But it’s taking some time to get there.
Department of State), Margie-Lys Jaime (Legal Adviser, Office of Investment Arbitration, Ministry of Economy and Finance, Republic of Panama), Ladan Mehranvar (Senior Legal Researcher, Columbia Center on Sustainable Investment (“CCSI”)) and Marie-Claire Argac (Partner, Curtis, Mallet-Prevost, Colt & Mosle LLP). Mr. Bigge and Ms.
Paulsson further emphasized the need to maintain ethical standards and avoid the pitfalls of professionalizing arbitration too much, which could lead to a system where decisions are influenced by factors other than merit. These projects aim to attract 100 million visitors annually by the end of the decade.
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