An ambitious new global partnership to accelerate inclusion for lesbian, gay, bisexual, transgender and intersex (LGBTI) people – the Partnership for Global LGBTI Equality – was announced today at the World Economic Forum’s Annual Meeting in Davos.
Discrimination based on sexual orientation and gender identity not only violates universal basic human rights, it also adversely impacts the long-term economic prospects of individuals, businesses and countries. A 2017 UNAIDS study estimated the global cost of LGBTI discrimination at $100 billion per year. Businesses have an important role to play in respecting and protecting human rights through fostering workplace inclusion for LGBTI people.
To advance this agenda, a consortium of leading multinational companies (Accenture, Deutsche Bank, EY, Mastercard, Microsoft, Omnicom, Salesforce), in collaboration with the World Economic Forum, is launching a global multistakeholder initiative to help business accelerate the inclusion of LGBTI people globally.
The United Nations LGBTI Standards of Conduct establishes the human rights and policy operating model framework for companies. To help business leaders realize LGBTI equality and inclusion for their global workforces, the Partnership for Global LGBTI Equality will operationalize the United Nations LGBTI Standards. By 2020, the project will:
- Enlist 50-100 companies from World Economic Forum members and beyond to join the Partnership for Global LGBTI Equality to implement UN LGBTI Standards
- Create a due-diligence framework for corporations to use in assessing the alignment of their policies with the Standards and to better understand the practical impact of their policies on LGBTI people.
- Develop a repository of LGBTI best practices and case studies from companies across multiple sectors, sharing insights and information on effective strategies, policies and processes for gathering the information needed to ensure LGBTI people are not being discriminated against when it comes to hiring, retaining and promoting employees.
- Encourage new cross-sectoral and multi-stakeholder collaborations.
View from the C-Suite:
“The companies involved in this initiative are leading by example when it comes to the rights of LGBTQ people in the context of employment, and I support their efforts to extend the initiative to a greater number of private sector actors, as well as to engage with civil society”—Michelle Bachelet, United Nations High Commissioner for Human Rights
“LGBTI inclusion is not only the right thing to do from an interpersonal point of view, it is also a business imperative because CEO’s recognize that a culture of equality creates trust, innovation and therefore business growth. As business leaders we need to set the right tone at the top and combine this with concrete actions to stimulate LGBTI grass roots networks in our companies and policies that ensure equality across the entire organization. Twenty-five percent of our people at Accenture are now active, visible and vocal allies to the LGBTI community – but we cannot effect change on our own. Now, more than ever, is the time for business to step up! – Sander van ‘t Noordende, Group Chief Executive Products at Accenture.
“Deutsche Bank congratulates the World Economic Forum for making LGBTI issues part of their agenda. We are proud to support this work. We believe that if we take an inclusive approach to different perspectives and identities, we become more meritocratic, attract and retain a rich diversity of talent, and make better business decisions. While we recognize there is more work to do across businesses, institutions and communities, we are steadfast in our commitment to doing our part. The focus of the WEF on LGBTI issues will underline the value to the global economy of a more inclusive society.” – Karl Von Rohr, President, Member of the Management Board, Deutsche Bank AG
“EY is honored to be one of the founding members of this initiative and commends the World Economic Forum for making LGBTI equality and economic inclusion a top priority. When you have an inclusive culture where everyone is valued equally and feels they can be the best version of themselves, you can fuel innovation, solve complex challenges and achieve better results. By advancing this agenda in our global workplaces, multinationals can create a ripple effect that promotes societal change.” – Beth Brooke-Marciniak, EY Global Vice Chair – Public Policy
“At Mastercard, we are laser focused on creating a culture of decency, inclusion and belonging where employees feel valued and respected because of their diversity – not in spite of it. When done right, it inspires a passion and pride that drives innovation and better business results. This partnership shines an important spotlight to help others realize that acceptance matters to their people, their businesses and the world.” – Randall Tucker, Chief Inclusion Officer, Mastercard
“For more than 30 years, Microsoft has actively worked on LGBTI issues on behalf of our employees worldwide. We applaud the World Economic Forum’s new Partnership for Global LGBTI Equality and look forward to putting our commitment into action to advance equality everywhere we work and live.”– Brad Smith, President and Chief Legal Officer of Microsoft
“Omnicom is committed to fostering diverse and inclusive workplaces where all employees, regardless of sexual orientation or gender, feel comfortable and confident in bringing their whole selves to work. Across our global network of communications and marketing consultancies, we promote awareness, acceptance and advocacy of the LGBTI community by engaging the community and its allies and creating opportunities for leadership, visibility, community involvement, networking and business development. It’s an honor to serve as a founding member of this important initiative to lay the groundwork for worldwide acceptance and inclusion of the LGBTI community in the global workforce.”—Tiffany R. Warren, Senior Vice President and Chief Diversity Officer for Omnicom Group
“Salesforce is committed to advocating for equality in the communities we serve and believe that business is a powerful platform for social change. We have and will continue to use our voice to advocate for LGBTQ rights, and are inspired by the potential lasting impact of this multi-stakeholder partnership. We are proud of WEF for their leadership, and of our founding partners for making this a priority. Together, we will build a more inclusive society and drive equality for all.” – Tony Prophet, Chief Equality Officer, Salesforce
“According to the Forum’s Global Competitiveness Report, open, inclusive and diverse societies are also more innovative, which in turn leads to greater economic growth. Through this project we aim to provide a platform for leaders from the private sector to accelerate process towards LGBTI inclusion globally,”—Saadia Zahidi, Member of the Managing Board and Head of the World Economic Forum’s Centre for the New Economy and Society.
This initiative forms part of the World Economic Forum’s Centre for the New Economy and Society in collaboration with the World Economic Forum’s Civil Society team.
Earth Observation Data Could Represent A Billion-Dollar Opportunity For Africa
Earth observation [EO] data provides a billion-dollar opportunity for economies on the African continent, one that could create jobs and build new resilience after COVID-19.
The newly released report Unlocking the Potential of Earth Observation to address Africa’s critical challenges lays out the multiple economic benefits from EO data. The report was written in collaboration with Digital Earth Africa, an initiative that is a world first in providing freely accessible data that maps the entire African continent.
This report marks the first known time the potential impact of EO for Africa has been quantified. According to estimates, EO could be worth up to $2 billion a year thanks to:
1. A strengthened EO industry. Improved use of EO data could lead to an extra $500 million in yearly EO sales along with new job opportunities and increased fiscal revenues.
2. Boosted agricultural productivity. Better data could potentially be worth an extra $900 million a year, thanks to water savings and productivity gains for farmers, not to mention reduced pesticide usage.
3. Better regulation of gold mining activity. Data allows countries to crack down on illegal mining, providing a potential savings of at least $900 million from reduced environmental damage and fiscal evasion.
The report shows the opportunity available in EO data to strengthen economies and reach sustainability goals. EO data can help governments make more informed decisions regarding water, agriculture, food security and urbanization. Advancing new collaborations between public and private efforts can incentivize data sharing to develop EO industries on the continent even further.
Dr Adam Lewis, Managing Director of the Digital Earth Program welcomes the findings of the report as the first of its kind to quantify the potential benefits of the program. “Through collaboration with key partners both within Africa and across the globe, we have made significant progress in turning this potential into a reality. Over the last 12 months the program has met a number of milestones in improving access to data and services within Africa. Working with Amazon Web Services as well as international space agencies and the private sector, we have been able to provide access to locally stored analysis-ready satellite data within Africa.” Adam said.
“We are proud to support Digital Earth Africa’s efforts to make Earth observation data more easily accessible to African nations,” said Ana Pinheiro Privette, Lead for Amazon Sustainability Data Initiative. “Through the Amazon Sustainability Data Initiative, Amazon is making available petabytes of Earth observation data, which provide valuable insights for communities to manage climate impacts including increased floods and droughts.”
Valuing the impact of EO is an emerging practice globally, with recent reports covering the Asia Pacific, Australia, the European Union and the UK, but this is the first such report for Africa. The report was developed following examination of the readiness of African countries to effectively and efficiently grow their geospatial capabilities, integrated with study of the potential economic benefit of EO data adoption on specific sustainable development focus areas.
Data-Driven Operations Are Key to Future of Manufacturing
In the near future, manufacturing companies will collaborate in hyperconnected value networks in which data-and-analytics applications drive productivity, new customer experiences and societal and environmental impact. A new white paper, Data Excellence: Transforming Manufacturing and Supply Systems, released today presents the challenges for manufacturers and provides the steps to overcome them.
According to the report, nearly three-quarters of 1,300 surveyed manufacturing executives consider advanced analytics to be critical for success and more important today than three years ago. However, only a few companies capture the full value that data and analytics can unlock to address manufacturers’ most pressing challenges. Less than 20% of surveyed participants prioritize advanced analytics to promote either short-term cost reductions or longer-term structural cost improvements. Only 39% have managed to scale data-driven use cases beyond the production process of a single product and thus achieve a clearly positive business case.
Surveyed manufacturers cited various challenges that impeded their efforts to further scale and implement data-and-analytics solutions within their plants and across networks:
- They struggle to prioritize the right value-adding use cases from a broad range of applications
- They have not put in place technological enablers, such as data security or advanced algorithms
- They lack critical organizational enablers, such as skills and capabilities and effective internal governance
This study by the World Economic Forum, in collaboration with the Boston Consulting Group (BCG), features insights from a unique community of 40+ manufacturing organizations and leading academics and public sector representatives, identifying six priorities to capture value from data and analytics in manufacturing:
- Define a data-to-value strategy and roadmap
- Incentivize internal and external ecosystem partners
- Build capabilities to capture and use data
- Implement an open platform to unlock data silos
- Enable connectivity for low-latency, high-bandwidth data flows
- Ensure data security and privacy
“These findings will help accelerate our journey to support companies in devising a path forward to reach the next level of data-based manufacturing excellence, build trust among manufacturing, suppliers and customers, and unlock new value through the development of new data-driven ecosystems,” said Francisco Betti, Head of Shaping the Future of Advanced Manufacturing and Production at the World Economic Forum.
“Manufacturing is on the verge of a data‑driven revolution,” said Daniel Küpper, Managing Director and Partner of BCG and a report co-author. “But many companies have become disillusioned because they lack the technological backbone required to effectively scale data-and-analytics applications. Establishing these prerequisites will be critical to success in the post-pandemic world.”
As a next step, the community is co-developing a Manufacturing Data Excellence Framework, which comprises value-adding applications as well as technological and organizational success factors. Companies will be able to leverage this framework to accelerate the development of globally connected manufacturing data ecosystems.
Digitalization crucial to SIDs’ COVID-19 recovery, long-term development
The upscaling of digital technologies presents a host of opportunities for small island developing states (SIDS) to diversify their economies, boost manufacturing, gain greater access to global value chains, and improve disaster preparedness. However, significant obstacles remain, including inadequate digital infrastructure, insufficient training opportunities for women and young people, a growing digital divide, and a lack of data and policy knowledge. That’s according to an expert panel convened for the Global Manufacturing and Industrialisation Summit’s Digital Series on the topic: “How Information and Communication Technologies can foster inclusive and sustainable industrial development in Small Island Developing States”.
Ralf Bredel, Chief of the Asia-Pacific Regional Programme at the United Nations Industrial Development Organization (UNIDO), said that SIDS share common challenges such as limited resource bases, long distances to primary markets, and vulnerability to climate change.
“ICT has the potential to help SIDS in overcoming some of the challenges derived from the isolation and remoteness. It can support trade in economic diversification. This is even more true under the current circumstances, with COVID-19 and the restrictions on people’s movements and the heavy blow to SIDS’ economies in relation to their continued reliance on tourism,” said Bredel.
Vanessa Gray, Head of the Division for Least Developed Countries (LDCs), Small Island Developing States (SIDS) and Emergency Telecommunications at the International Telecommunication Union (ITU), added, “We know that small islands are naturally prone to disasters caused by earthquakes and severe weather events and are being affected by climate change, resulting in increased tropical cyclones, hurricanes, flood and landslides, to name a few. Connectivity can help address these events by providing remote communities with access to early warning systems, real-time weather information, remote sensing and geographic information systems.”
Gary Jackson, Executive Director of the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), said that countries in the region are “pushing the envelope” towards energy efficiency.
“We have to recognize that islands don’t have what we call a supergrid, don’t have a lot of interconnections that would give us reliability and availability and that’s what people really want,” said Jackson. “So one of the things we have to consider is how we move towards decentralization, decarbonization and some of the things that we need to do to ensure that reliability, availability and affordability are consistent with what people require.”
Michelle Marius, Publisher of the ICT Pulse blog highlighted a continuing gender gap concerning digital employment. “We do have so many girls and women in the workforce. Many of them, sometimes even in management positions in reputable organisations, but somehow we still have not been able to crack that barrier between women in tech and digital entrepreneurship by women” she noted.
Amjad Umar, Director and Professor of ISEM (Information Systems Engineering and Management) programme at Harrisburg University of Science and Technology, said, “We know that, in many cases, SIDS do not have 3G technologies – they are still at 2G range. So, we specifically designed this plan (for the ICT4SIDS Partnership) that produces solutions that would work with very, very low technologies…”
“Digitalization consists of people, processes and technologies,” underlined Umar.
Concluding, moderator Martin Lugmayr, Sustainable Energy Expert at UNIDO, stressed that there is a long way to go towards realizing inclusive and sustainable industrial development in SIDS, particularly in light of current circumstances. “COVID-19 recovery must have a long-term perspective. Iit has to be green, it has to be blue in the case of Small Island Developing States, and it has to be digital,” he said.
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