Global Compact helps companies thrive responsibly
Responsible business conduct is not a trend but a permanent change that companies should willingly embrace. Responsible companies take care of the environment as well as their employees, production chains and profitability. Investors and potential employees are increasingly assessing companies based on their responsibility actions. In addition, consumer expectations for true corporate responsibility continue to rise. Actions and transparency are required. It is hard to think of an industry that would not be affected by stakeholders’ expectations for responsible business practices. Responsibility requirements also widely impact the SME (small and medium-sized enterprises) sector because of the expectations relating to the production and sub-contracting chain. Clear business advantages encourage companies to strengthen their corporate responsibility. Integrating responsibility into the company’s strategy creates cost savings and brings new business opportunities. It is also a chance to come up with ideas for innovations that solve sustainability challenges. Mapping operational risks creates trust in the future and strengthens the company’s brand. According to one estimate, there is EUR 11 trillion worth of business opportunities in promoting sustainability targets. The capabilities, technologies and solutions of Finnish companies are desperately needed around the world.