Social Europe Inspiring Change – Sowing the Seeds of Success Private sector as a vehicle for...
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Social Europe Inspiring Change – Sowing the Seeds of Success Private sector as a vehicle for social change By Terhi Karvinen EU Delegation in Trinidad and Tobago Women’s Executive Networking Seminar Port of Spain, 20 March 2014 Hyatt Regency
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Transcript of Social Europe Inspiring Change – Sowing the Seeds of Success Private sector as a vehicle for...
Social Europe
Inspiring Change – Sowing the Seeds of Success
Private sector as a vehicle for social change
By Terhi KarvinenEU Delegation in Trinidad and Tobago
Women’s Executive Networking Seminar Port of Spain, 20 March 2014Hyatt Regency
Social Europe
TERTIARY EDUCATION €27M
INN
OV
ATIO
N
€8
M
NATIONAL SUGAR ADAPTATION STRATEGY €75M
HIV/AIDS €3.5M
ENVIRONMENT €8M
ENABLING BUSINESS ENVIRONMENT €16M
2003 2008 2014 2020
NON STATE ACTORS €2M
POVERTY REDUCTION €3.8M
EU cooperation in T&T
Social Europe
Shifting roles in society
• Changing role and demands of public sector on one hand
• Increasing pressures towards the private sector on the other
• Changing landscape of development community
Social Europe
• The responsibility of enterprises for their impact on society
• Respect for legislation, collective agreements, new legislation not excluded
• Maximise shared value
• Identify/prevent/mitigate adverse impacts
Definition of CSR
Social Europe
CSR as Multi-dimensional
• Human rights• Labour and employment (training, diversity, gender
equality, health and wellbeing)• Environment (biodiversity, climate change, resource
efficiency, life cycle assessment, pollution prevention)• Bribery and corruption• Consumer interests and privacy• Volunteering• Tax governance
Social Europe
Why CSR?
1. Increased innovation capacity 2. Build positive government and NGO relations3. Help identify industry priorities4. Build industry/country/company/organisation
reputation and brand5. Enhance employee recruitment and retention6. Trust7. Risk management 8. Competitiveness9. Cost savings 10. Access to capital
Social Europe
Levels of engagement with the society
• Focus on business operations
• Philanthropy • Public policy
dialogue, advocacy, institution building
Social Europe
Drivers of CSR in T&T (2012 CSR report)
PhilanthropyBrand, Trustworthiness and reputationEmployee pressureGovernment action
Consumer pressureCompetitivenessSupply chainStrategic plan
Social Europe
Path to deeper CSR involvement
• Balanced multi-stakeholder approach• Market reward• Self and co-regulation (ISO26000 and ISO14001)• Reporting and accountability• CSR policy for T&T
Social Europe
Country Overall Economic partici-
pation and opportunity
Educational attainment
Health and
survival
Political empower-
ment
Iceland 1 22 1 97 1
Barbados 29 10 1 1 63
T&T 36 47 51 130 38
Slovenia 38 43 26 75 54
France 45 67 1 1 45
Italy 71 97 65 72 44
The WEF global Gender Gap Report 2013
Women and CSR
Social Europe
Thank you
