Background of the Conference
After one decade of the 1st International Conference on Business Social Partnership: Beyond Philanthropy (2002) we are now organizing the 2nd International Conference on Business Social Partnership : Towards Value Based Social Engagement during September 7-9, 2013 at Delhi on behalf of Academy of Value Based Management. The proposed conference will focus on the developments that took for 10 years post 2002 – The Johannesberg Summit.
The UN Global Compact’s ten years of experience has revealed two critical lessons:
- Advanced performance by leadership companies offers crucial inspiration for those at the lower rungs of the “sustainability pyramid” and
- A new level of performance is needed in order to address key global challenges in a world of uncertainty, complexity and volatility and to deliver on the sustainability promise.
In recognition of these factors, the UN Global Compact Office set about to develop a Blueprint in 2010 for Corporate Sustainability Leadership for the second decade of the UN Global Compact – one rooted in the realities of the coming era and based on the need to achieve higher levels of performance, impact, and collective action.
The recent incidences of corporate fraud and greed that resulted in economic burst of 2008 and triggered one of the worst economic recessions worldwide in decades has forced us to take a fresh look at both the current management programs and prevailing business practices. The long list of failed corporate giants and banks caught in these scams and the magnitude of their mismanagement for profit maximization with complete disregard to well beings of their employees and common shareholders tells us that something is seriously missing or has gotten lost in this race to economic prosperity. That brings us to the core of this problem – a total lack of conscience or moral bankruptcy. There is an urgent and dire need to address these issues to create a morally healthy business environment for sustainable individual, social and economic growth.
The starting point of World Business Council for Sustainable Development is based on the fundamental belief that a coherent Corporate Social Responsibility (CSR) strategy, based on sound ethics and core values, offers clear business benefits. Sustainable development rests on three fundamental pillars: economic growth, ecological balance and social progress.
On June 24, 2004 during the UN Global Compact Leaders Summit it was announced that the UN Global Compact henceforth includes a tenth principle against corruption. Corruption is a major hindrance to sustainable development, with a disproportionate impact on poor communities and is corrosive on the very fabric of society.