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From protecting human rights to acting ethically to promoting decent working conditions, companies worldwide are failing to live up to their promises to be socially responsible.
Pressure from shareholders and the public just isn’t enough to force companies to uphold their pledges to protect human rights, according to a World Benchmarking Alliance study of 1,000 companies across more than 60 countries. Only 10 of those companies have achieved the fundamental expectations of the United Nations’ Sustainable Development Goals, according to the WBA. That’s a failure rate of 99% for these powerful companies, which the WBA estimates generate about 25% of the world’s gross domestic product and employ more than 56.5 million people.
Via EcoVadis
