Download - Oxfam Private Sector Work
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Oxfam’s private sector work
Shared Value Partners Meet
New Delhi
19 November 2015
Erinch Sahan
Namit Agarwal
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Forces for Responsible Business
1. Power
Of workers,
communities &
farmers
2. Government
3. Consumers
4. Investors
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Oxfam’s Engagement with Business
Supporting / running companies engaging with existing companies
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What do we assess?
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Public & Investor Engagement
•700,000 consumers speak up
•Investors ($1.4tn of assets under management) engage
companies to improve
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How and Why India Responsible
Business Index• The Ministry of Corporate Affairs launched the National
Voluntary Guidelines (NVGs) 2011
• Securities and Exchange Bureau of India (SEBI) made
NVG disclosures compulsory for the top-100 companies
• Corporate Responsibility Watch , Praxis and Partners in
Change developed Disclosure Matters series highlighting
disclosures on corporate-community engagement
• An index of the top 100 companies listed in India was
developed by CRW, Oxfam India, Praxis and PiC
The index aims:
• To encourage companies to disclose more
information.
• To encourage companies to make policies on the
issues that respect the intent of the NVGs
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India Responsible Business Index
www.responsiblebiz.org
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Key Findings• Companies seemed to be relatively highly invested in
community development and reasonably committed to
employee dignity and certain forms of non-discrimination of
the workplace
• Companies appear to find it more of a challenge to ensure
a responsible supply chain
• 61 companies do not recognise the inclusion of local
suppliers, and only 4 have shared a commitment to procure
raw products at a price that is fair.
• In the element of community as business stakeholders as
many as 94 companies are in the “low” band, not a single
company is in the “high” band
• Policies of 71 companies recognise the need for prior
impact assessments, and 2 companies have policy
requirements to make their reports available in the public
domain.
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Engagement Opportunities in India• Looking at business responsibility in a context which is
broader than CSR
• Better policies and disclosures
• Pushing towards a level playing field in business
responsibility
• Informing business decisions
• Informing investment decisions
• Strengthening inclusive business models