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CSR Academy Outcome Report – 1st Session (5/10)
The Global Compact Network Korea’s 1st ‘CSR Academy’ was successfully launched on May 10 at a multicultural space called Sunhwadongcheon in Seoul. The CSR Academy is a training program particularly designed for new participants of UNGC and newly-appointed CSR managers in each corporate. This program aims to achieve better understanding of the 10 principles of UNGC as a global standard; recent global and domestic trends on sustainable management; various activities under the UNGC headquarters and Network Korea in terms of strengthening CSR capabilities and to share best practices among UNGC participants through networking platforms.
The first session of the Academy was conducted on the theme of Introduction of the UN Global Compact and its activities, Global trends on Corporate Sustainability Management, and the Sustainable Development Goals (SDGs). Participants also had opportunity to watch ‘Global Goals in Action’, which is a series of short video clips introducing best practices of UNGC participants around the world that are active in spreading the values of UNGC on a global level. At the end of the session, participants consolidated the lessons by establishing their own business strategies in reference to the SDGs.
The first lecture was delivered by Geul Kwak, Senior Researcher of the Global Compact Network Korea, which introduced the activities of UNGC and shared insights on global trends on sustainability. Kwak explained that the issues of sustainability including CSR and anti-corruption legislation in different countries, climate actions, and growing responsibility of business and human rights are highly relevant to business strategies and risk management for the corporates nowadays. “As the growing number of investors are taking account of ESG and SDGs implement for their investment decisions, corporates should carefully address the non-financial information and public disclosures” emphasized Kwak. Various Action Platforms of the UNGC, such as Caring for Climate, CEO Water Mandate, and WEPs were promoted to the participants.
Following the first lecture, Iberdrola, a Spanish electronic power company, and Natura & Co., a Brazilian cosmetics company, were introduced through the Global Goals in Action video clips. These examples offer outstanding practices of how global corporates participate in the UN Global Compact and embed the ten principles and SDGs in their business strategies.
The second lecture was presented by Suran Lee, Associate Researcher, on the topic of 'Sustainable Development Goals and SDG Compass', which covered, in depth, the significance of Agenda 2030, the importance of implementation of SDGs by corporates, and the guideline for gradual internalization of the SDGs to the business operation. "The SDGs, a global agenda for social development, is an opportunity for businesses as it links corporate strategies with international priorities," said Lee. "As the surveys on the UNGC Progress Report show, more than 80 percent of UNGC participants have taken action to accomplish the SDGs." The lecture also introduced the “SDG Compass”, a method for effectively implementing the SDGs in business by following the steps of 1) Understanding SDGs, 2) Prioritization, 3) Goal setting, 4) Integration, and 5) Reporting and communication.
Through the activity, as the last part of the session this day, all the participants set corporate SDGs priorities based on the analysis in core competences, value chain, and global and domestic circumstances of each corporate. After the analysis, participants shared business strategies of their own in the areas of establishing the governance, setting up Key Performance Indicators (KPI), forming partnerships, and creating social impact. Representatives of Doosan Infracore, Coway, and National Health Insurance Service presented their analysis with other representatives.
The second session of the CSR Academy is planned on the 24 May focusing on human rights and environment, while the third session will cover anti-corruption and reporting on the 14 June. We would like to convey our appreciation to all the representatives for the participation and also look forward to welcome anyone interested in this program.