In 2021, the Institute of Directors (IoD) in Ireland and the Diligent Institute conducted the first research to understand how boards address environmental, social, and governance (ESG) issues and integrate ESG-related risks and opportunities into their strategies.
In 2022 followed, a second research initiative, described in the 2022 report launched last November, covers the importance of ESG, including board oversight and structure, strategy, risk, and boardroom practices, skills, and EU legislation.
On 4 July 2022, employers’ and workers’ representatives for the European textiles, clothing, leather, and footwear (TCLF)sectors, CEC, Cotance, Euratex and industriAll Europe met with the European Commission to discuss how to ensure a successful green and digital transition of the EU Textiles Ecosystem.
They adopted a joint statement with clear common demands to ensure that the textiles ecosystem can become more resilient, sustainable and digital.
On 26 June 2022, G7 Leaders, at the end of their annual Summit, confirmed their commitment to addressing global challenges as growing inequity, achieving gender equality, the rising cost of living, climate change, pandemic preparedness and the need for a just transition to a sustainable and inclusive future.
Since 2022, achieving company’s ESG (Environmental, Social and Corporate-Governance) goals will now factor into bonus calculations for all employees at Mastercard.
Incentive pay will be in part tied to progress towards the company’s ESG priority areas of carbon neutrality, financial inclusion, and gender pay parity.
How might the climate emergency shape future employment law and practice? There are close connections between the world of work and the duty to fight climate change, that will drive change across the world, seeking for a more sustainable approach to business.
The Committee on the Application of Standards (CAS) discussed, among other topics, the Committee of Experts on the application of Conventions and Recommendations (CEACR) 2020 General Survey and its Addendum.
Based on this discussion, the International Labour Organisation (ILO) Constituents adopted an outcome that shed light, among other points, on the private sector as the principal source of economic growth and job creation, the need to promote an enabling environment for entrepreneurship and sustainable enterprises, and the role of sustainable enterprises as generators of employment and promoters of innovation and decent work.