CIMA - Managing Responsible Business 2015
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Transcript of CIMA - Managing Responsible Business 2015
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MANAGING RESPONSIBLE BUSINESS2015 EDITION
The ethical challenges organisations must navigate tosucceed in a connected world
CGMA® REPORT
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We live in a rapidly-changing,interconnected world…
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…and since the financial crisis of 2008, the world has changed considerably
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The way we perceive businesses has changed
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And there is greater expectation than ever before for businesses to act ethically
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Organisations are more global than ever, making operating ethically
a complex process
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It’s not good enough for businesses to simply offer a product or service
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Businesses need to deliver their product or services to customers in a
responsible manner
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From supply chain, environmental issues
and employee working conditions…
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… to anti-corruption and bribery procedures
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Since 2008, the world has changed considerably
The World Bank1 suggests that corruption adds up to 10% of the total cost of doing business
globally…and adds 25% to procurement costs in developing countries
1. http://www.weforum.org/content/global-agenda-council-transparency-anti-corruption-2014-2016-0
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CGMA research2 finds that 82% of organisations around the world have a
code of ethics
2. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx
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In the largest businesses, this rises to 92%3
3. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx
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In the largest businesses, this rises to 92%3
But codes are not enough. Action is needed to create just
and fair working conditions and practises around the world
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Ensuring that information is accurate and
transparent has never been more
important.
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And embedding an ethical culture is vital to business success
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or breaks a business.
Because reputation makes
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To find out more about how you can help manage your business more responsibly,
download the CGMA report on Managing Responsible Business.
at www.cgma.org/responsiblebusiness
CGMA® REPORT