Cross views on fighting corruption in business at the European Development Days 2016

Cross views on fighting corruption in business at the European Development Days 2016

On the occasion of the European Development Days 2016, we had the chance to meet with key experts to discuss how businesses and their stakeholders can work together on the fight against corruption. Simon Webley, Research Director at the Institute of Business Ethics, Igor Soltes, Member of the European Parliament, and Howard Shaw, Head of Anti-Corruption & Whistleblowing […]

Taking a first step towards a better redistribution of value

Taking a first step towards a better redistribution of value

3.5 billion people live in resource-rich countries and the majority of them remain in poverty. Natural resources contribute substantially to a country’s wealth but many problems remain to be solved: corruption, inequality and underdevelopment. Since the independence of Papua New Guinea in 1975, 18 billion Kina (more than 5.5 billion US dollar) have been generated […]

Eradicating Corruption at Every Stage of the Welfare Creation Process

Eradicating Corruption at Every Stage of the Welfare Creation Process

In the early nineties, Richard Auty, a British economist, coined the term “resource curse”. This term addresses the phenomenon where resource-rich countries perform worse in terms of economic development than countries with fewer resources[1]. A comparison between resource-rich countries such as Nigeria, Venezuela, or Indonesia to countries like Singapore or Hong Kong is one concrete example of this […]

#CSVContest | Natural resources: How to assure a fairer distribution of value?

#CSVContest | Natural resources: How to assure a fairer distribution of value?

From Africa to Asia to South America, there are countless examples of states being caught up in what Richard Auty (1993) described as the ‘resource curse’. As the Angolan example demonstrates, natural resources abundance does not necessarily benefit the society as a whole. For decades, rentier states have managed to maintain some kind of social order through […]

Towards a more equal distribution of value? A look into the extractive industry in Africa

Towards a more equal distribution of value? A look into the extractive industry in Africa

The benefits that local populations receive from mining profits are extremely varied. Driven to act by international pressure, several states have turned to a more equal redistribution of that revenue, calling on external experts to help them transition to this new model. If places such as Alaska or Norway have led the way in making […]

Business and Human Rights: Finding the Common Ground between Purpose and Profits

Business and Human Rights: Finding the Common Ground between Purpose and Profits

In today’s society, despite major advances that have taken place in regard to Human Rights, there’s still a huge gap between businesses and communities.  Indeed, local communities and companies are living in two separate realities: local communities don’t understand the purpose of the companies that are (physically) close to them, and companies – often with […]

From Corporate Social Responsability to Shared Value: How Respecting Human Rights is Actually Sound Business Investment

From Corporate Social Responsability to Shared Value: How Respecting Human Rights is Actually Sound Business Investment

At this year’s European Development Days (EDD) in Brussels, a session was held on “Business and Human Rights: from principles to practice, two innovative tools for compliance and reporting”. While the concept of Human Rights has been discussed, debated and even globally institutionalised over the past few decades, it is only recently that we have […]

How can businesses integrate Human Rights into their strategy so as to create shared value for the community at large?

How can businesses integrate Human Rights into their strategy so as to create shared value for the community at large?

First, this is not something that can be done in 5 seconds. This is a process.  And, you have, I think, many different options.  The first step is to refrain from abuse, which is sometimes the easiest thing: not to pollute, not to kill, not to hurt people…  But the second step is more active; […]