On Mar. 25, UN GC launched transformational governance toolkit.
UN GC launched transformational governance corporate toolkit, supporting business learning and action on internal and public governance, designed to empower companies to educate their employees to foster transformational governance.
Transformational Governance
Transformational governance calls on businesses to champion greater accountability, integrity, and transparency as driving forces for responsible business conduct, enhanced ESG performance, and the strengthening of institutions, laws, and systems.
Commitment contributes to creation of more peaceful, just, and inclusive societies.
Toolkit provides comprehensive view of internal governance, strengthening of public governance institutions for businesses, enabling them to integrate policies that benefit not only themselves but also their stakeholders and societies in which they operate.
Aligned with sustainable development goal (SDG) 16 (peace, justice, strong institutions, toolkit addresses transformational governance's relevance to business.
It not only contributes to progress across the entire SDG agenda but also creates sustainable and profitable environments for business and investment.
Key Features, Benefits
Includes risk mitigation, long-term viability in that businesses can secure head start on risk mitigation, ensuring less volatility, economic value via compliance with principles.
Also, global alignment in that by working towards compliance with transformational governance principles, businesses establish a strategic roadmap for integrating these principles into corporate endeavors, aligning with global entities and legal frameworks.
Stakeholder trust and social stability also a key feature and benefit in that companies demonstrating commitment to transformational governance attract investments from socially responsible funds, improving brand value and customer loyalty.
The toolkit also includes online Transformational Governance Self-Assessment Tool.
Provides framework for companies to engage with and apply the principles, allowing businesses to assess their baseline on spectrum of transformational governance, identify key gaps in current approach, mapped against SDG 16 targets.
In addition to the self-assessment tool, the toolkit features three business briefs focusing on: investing in transformational governance; responsible governmental engagement; and the role of the corporate board and executive leadership.
Toolkit developed in collaboration with companies and partner organizations of UN GC Think Lab on Transformational Governance which brought together 20 companies from 5 regions to shape and define thought leadership on relevant key issues.
Regulators
UN GC
Entity Types
Corp
Reference
PR, 3/25/2024; ESG
Functions
Compliance; C-Suite; Environment; Financial; HR; Human Rights; Legal; Operations; Reporting; Risk; Social
