IBF participated at the Global Forum on Socially Responsible Business (SRB) 2018 organized by the OECD in Paris, France.

Delegates coming from diverse locations worldwide, representing the private sector, governments, academia and civil society engaged in a vibrant discussion over the launch of the OECD Due Diligence Guidance for Responsible Conduct. IBF participated actively in a deep dive session on risk prioritization. The forum concluded that business can go beyond business as usual if the following criteria is considered:

•  They commit to integrate SRB in their DNA
•  Evidence shows that companies are more capable to cope with potential risks, prevent and mitigate them successfully   when following SRB procedures
• It is companies’ and governments’ responsibility to make SRB a priority
•  Business compromise their reputational capital when adverse impacts on people and the environment are neglected
•  Climate change and gender issues across the supply chain need to be taken seriously

SRB is about continuous improvement and there are many lessons to be learned. IBF encourages key stakeholders in its network to go beyond business as usual and read our book ‘Socially Responsible Business: A Model for a Sustainable Future’. The book provides practical recommendations on how to integrate SRB into the core business strategy. 

Stakeholders and Investors 

• ​OECD
• United Nations University – Institute for the Advanced Study of Sustainability