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17 May 2018: Global Compact Kenya in partnership with Global Reporting Initiative (GRI) held a half-day workshop on Sustainability Integration for value creation that convened 33 sustainability practitioners from business and non-business sectors. The workshop facilitated by Douglas Kativu, Head of GRI Africa, featured interactive sessions with participants and provided a platform for sharing ongoing good company practices on sustainability integration.

A 2017 UN Global Compact progress report that assessed the extent to which companies are implementing the Ten Principles and taking action on the Global Goals showed over 90% of companies in the initiative have policies in place on all the Principles. However, companies still face challenges in turning policies into action with a significantly lower number setting targets, conducting impact assessment or monitoring performance.

 


                                        
Participants at the workshop

The session was therefore designed to help companies bridge the gap between action and intentions by demonstrating the value of integrating sustainability and processes and methodologies they can use to enable integration.

Discussing trends in sustainability integration, participants observed the role of regulations such as the Code of Corporate Governance Practices for Issuers of Security to the public and industry led initiatives such as the Sustainable Finance Initiative (SFI) for the Banking sector in driving and accelerating action towards sustainable development in Kenya.

The meeting also discussed key barriers and enablers for integrating sustainability such as leadership and a tradition of short-termism where companies de-prioritize long-term value opportunities and reward short-term decisions. This business as usual mindset stands in the way of companies truly contributing positive outcomes for all.

The role of reporting was also discussed as critical in helping business assess their value and enhancing stakeholder relationships. Participants learnt how stakeholder engagement can help a company understand the priorities and expectations of its stakeholders while gathering useful insights on its sustainability performance. Reporting therefore should be seen as a means to an end and not an end in itself.

 
The meeting concluded with a call to all companies to voluntarily integrate sustainability and  make it a national movement for transformative change to occur in meeting its development goals.


Click here to view more photos of the event.

 

                                                     Members of the board

 

21st March 2018: Global Compact Network Kenya held its first board meeting of the year. The Kenya Network board provides high-level strategic guidance to the Network Secretariat  and draws participation from the Networks membership


 
 
          Participants at the Ring the bell ceremony and training
 
8th March 2018:  Global Compact Network Kenya, in partnership with Nairobi Securities Exchange, UN Women and the International Finance Corporation (IFC) held a full day training to over 50 rural Women in Kiambu county. The training aimed to economically empower women on the savings and financial opportunities available within the Capital Markets, while raising awareness on the importance of gender equality to both business and sustainable economic development. This year’s event was themed: ‘Time is now; leave no woman behind, advancing financial inclusion' in an effort to ensure that all households and businesses, regardless of income level, have access to, and can effectively use the appropriate financial services they need to improve their lives. Find more photos of the event here