Every month we look across the sector, to identify resources and reports that assist in the application of the Future-Fit Business Benchmark.
In this round-up of third-party resources for the month of February, we are taking a look at WBCSD & Deloitte’s Healthy People, Healthy Business report, Planet Tracker’s Implementing Traceability article, and the WEF Global Risks Report.
Healthy People, Healthy Business: Embedding a Culture of Employee Health and Wellbeing – WBCSD & Deloitte
It’s fundamental for companies to embark upon a clearly defined process to embed a culture of health and wellbeing more centrally into their organizational make-up, to realize positive health and wellbeing impacts. Top-level leadership commitment, a culture of wellbeing, customized and impactful programs, and a sustainable future-looking approach should be the goal.
This report outlines a five-step process for companies to progress in their health journey. These five steps can be used to formulate a practical plan for tackling the Employee Break‑Even Goals, building a deeper understanding of how to meet employee needs.
Implementing Traceability: Seeing through Excuses – Planet Tracker
Continued challenges across global supply chains highlight the need for companies to have clarity around where and how they source their inputs, and yet many businesses remain hesitant to put proper tracking systems in place. This article from Planet Tracker highlights why now is the time to embed traceability across supply chains, dispelling common myths and arguing for investors to demand the information.
While this piece does not offer details on how to make progress on BE04: Procurement, it is useful as a resource for anyone seeking to persuade colleagues of the need to invest in this area. From risk management and addressing sustainability concerns, to a focus on profitability, Planet Tracker offers a compelling case for action.
The Global Risks Report 2022 – World Economic Forum
The WEF Global Risks Report provides a perspective on the major threats which may impact global prosperity on an annual basis, providing a short (0-2 year) and longer-term (5-10 year) view. It shares results from the Global Risks Perception Survey, provides an analysis of growing social, economic and industrial divisions, and offers recommendations for enhancing resilience at an international, national and company-level.
Risks identified in 2022 are similar to those in 2021, but with more emphasis on the global recovery from Covid-19, and how a divergence among wealthy and developing nations will have knock-on impacts for decades to come. The top ten risks identified by impact and likelihood include climate action failure, extreme weather, biodiversity loss, social cohesion erosion, livelihood crisis, infectious diseases, human environmental damage, and natural resource crises. Recommended governance solutions include the formulation of analytical frameworks that take a ‘holistic and systems-based view of risk impacts.’
This resource can be used to inform a company’s prioritisation of Break-Even Goals using the approach set out in the Health Check*, Workshop in a Box*, and Risk Profiler* which help you explore the difficulty of meeting each goal, the depth of societal impact if the goal is not reached, and the disruption risk to the business if insufficient action is taken.