RESPONSIBLE BUSINESS How Can HR Drive the Agenda? MORNING SESSION
Research Questions • What is ‘responsible business’, and why now? • What’s driving responsibility at organisational level, and what are the focuses of activities? • Is there a business case for responsible business? • Three themes for the day
CORPORATE Circular SUSTAINABILITY ESG economy TRIPLE RESPONSIBLE BOTTOM BUSINESS LINE Shared Regenerative value business Restorative NET business POSITIVE
Factors Driving Business Interest in Responsibility • Globalisation and economic liberalisation • Technology • Climate change
Drivers of Corporate Engagement with Responsible Business
Responsibility – The Areas of Focus • Eliminating slavery, child labour • Improving employee wellbeing • Building a more diverse and inclusive organisation • Increasing environmental sustainability • Taking a stance on controversial issues • Meeting ethical commitments • Tackling in-work poverty • Respecting human rights • Creating products and services that will solve social problems
Who Drives the Business Case for Responsibility? • CUSTOMERS Create a market for responsible goods and services, or boycott the goods and services of companies perceived to be irresponsible • EMPLOYEES Easier to attract and retain; more motivated, engaged, and committed to the business • INVESTORS Invest or withhold capital
Is the Evidence Sound? • Causality • Omitted variables • Validity and consistency of measures
AN INEXORABLE SHIFT…
Three Themes for the Day • PURPOSE What is a purpose-driven business and what does that look like in practice? • CULTURE AND LEADERSHIP What qualities of organisational cultures and leadership foster responsibility? What barriers limit progress? • HR'S ROLE IN RESPONSIBLE BUSINESS What are the challenges on the journey to becoming a responsible business, and how can the HR function use its expertise to help meet these challenges?
RESPONSIBLE BUSINESS How Can HR Drive the Agenda? AFTERNOON SESSION
CRF Strategic Responsibility Framework
CRF Strategic Responsibility Framework
CRF Strategic Responsibility Framework
CRF Strategic Responsibility Framework
CRF Strategic Responsibility Framework
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