Soft law instruments on Arctic investment and sustainable development

Polar Record ◽  
2020 ◽  
Vol 56 ◽  
Author(s):  
Kong Soon Lim
Keyword(s):  
Sustainable Development ◽  
Code Of Ethics ◽  
The Arctic ◽  
Soft Law ◽  
Business Practices ◽  
World Economic Forum ◽  
Responsible Investment ◽  
World Economic ◽  
Global Agenda

Abstract In recent years, two soft law instruments have emerged to promote sustainable development in the Arctic, namely the Arctic Investment Protocol by the World Economic Forum Global Agenda Council on the Arctic and the Arctic Economic Council’s Code of Ethics. These instruments seek to foster sustainable development through responsible investment and good business practices. The emergence of these soft law instruments by non-State actors demonstrates an interest from the business sector and Arctic stakeholders to develop business norms and standards of sustainable development that are specific to the region. In understanding the potential and scope of these instruments, this paper considers the role of both instruments in driving sustainable development in the Arctic.

The World Economic Forum Principles on "Climate Governance on Corporate Boards": can soft law help to face climate change around the world?

2020 ◽  
pp. 37-55
Author(s):  
Sabrina Bruno
Keyword(s):  
Climate Change ◽  
South Africa ◽  
Comparative Analysis ◽  
Boards Of Directors ◽  
Soft Law ◽  
Corporate Boards ◽  
World Economic Forum ◽  
Financial Factor ◽  
The World ◽  
World Economic

Climate change is a financial factor that carries with it risks and opportunities for companies. To support boards of directors of companies belonging to all jurisdictions, the World Economic Forum issued in January 2019 eight Principlescontaining both theoretical and practical provisions on: climate accountability, competence, governance, management, disclosure and dialogue. The paper analyses each Principle to understand scope and managerial consequences for boards and to evaluate whether the legal distinctions, among the various jurisdictions, may undermine the application of the Principles or, by contrast, despite the differences the Principles may be a useful and effective guidance to drive boards' of directors' conduct around the world in handling climate change challenges. Five jurisdictions are taken into consideration for this comparative analysis: Europe (and UK), US, Australia, South Africa and Canada. The conclusion is that the WEF Principles, as soft law, is the best possible instrument to address boards of directors of worldwide companies, harmonise their conduct and effectively help facing such global emergency.

ASSESSMENT OF UKRAINE'S HUMAN CAPITAL DEVELOPMENT IN WORLD RATINGS IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

2018 ◽  
Author(s):  
Maryna Nochka ◽  
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
World Economic Forum ◽  
Highly Qualified ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
Capital Development ◽  
The University

The article is devoted to the analysis tools for assessing human capital based on world rankings in the context of sustainable development. The most famous world rankings of human capital, studied by such international organizations as the World Bank, the United Nations, the World Economic Forum, the University of Groningen in collaboration with the University of California at Davis and others, are considered. Quantifying human capital as the economic and social value of a skill set is measured through an index. Each organization makes measurements according to its own method. The application of different criteria and indicators for assessing human capital at the macroeconomic level is analyzed. The considered assessment methodologies are overwhelmingly based on statistical approaches. Analyzed the position of Ukraine in the world rankings in recent years in dynamics. It has been confirmed that these international ratings can be considered as a reflection of the state of human capital in Ukraine. Revealed quite high rating positions of Ukraine in comparison with other countries. The results allow us to conclude that there is insufficient government funding for the development of human capital. It is concluded that Ukraine needs to improve the quality of human capital as a leading factor in increasing the efficiency of the country's economy in the context of sustainable development. The study showed that the use of high-quality, highly qualified human capital leads to an improvement in the country's position in the world rankings.

The Interface Between Intellectual Property and Sustainable Development

2021 ◽  
pp. 615-639
Author(s):  
Ahmed Abdel-Latif ◽  
Pedro Roffe
Keyword(s):  
Sustainable Development ◽  
Intellectual Property ◽  
Legal Issues ◽  
International Level ◽  
Green Technologies ◽  
The Sustainable Development ◽  
Development Context ◽  
Development Goals ◽  
Global Agenda

Sustainable development has emerged as a key priority in the global agenda, and the intellectual property (IP) system has come to interact with it more closely. This has resulted in the emergence of a range of policy and legal issues that the IP system is still grappling with in relation to biodiversity, climate change and the diffusion of green technologies, food security, and the implementation of the Sustainable Development Goals (SDGs) more generally. In this regard, this chapter aims to provide an overview of how the interface between IP and sustainable development has evolved particularly at the international level. It examines how IP has been dealt with in key sustainable development fora and how sustainable development has been addressed in international IP settings. The chapter also points out some efforts and initiatives seeking to bridge the gap between the realms of sustainable development and IP. In addition, it considers several legal issues at this interface which require further research. The chapter finds that while there have been extensive multilateral discussions on this topic, they have not, in general, resulted in changes to existing international IP rules to accommodate sustainable development concerns. The United Nations 2030 Agenda for Sustainable Development can provide a space to advance this discussion through an inclusive dialogue which addresses the role of IPRs in sustainable development both in terms of promoting innovation and providing access to the fruits of such innovation. Such a dialogue which brings together a diversity of views and stakeholders could help foster a broader approach to IP in the sustainable development context.

Competitiveness Measure of Managerial Performance

2018 ◽  
Vol 7 (1) ◽  
pp. 23-34
Author(s):  
Constanta Popescu ◽  
Radu Serban M. Zaharia
Keyword(s):  
Sustainable Development ◽  
Management Process ◽  
Social Activities ◽  
World Economic Forum ◽  
Managerial Performance ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Rational Management ◽  
Global Competitiveness Report

This article describes how competitiveness is a desideratum of any rational management process. Under the conditions of globalization and the imperatives of sustainable development, the need for competitive management at both micro and macroeconomic level is a necessity. Unfortunately, in many areas of economic and social activities in Romania, the authors find a lack of competitiveness in most areas of activity. This places Romania in an unfavorable place in the world hierarchy. Based on these considerations and based on data provided by the World Economic Forum through the Global Competitiveness Report for 2016-2017, this article highlights the place and weaknesses of Romania in the various aspects of competitiveness.

scholarly journals The post-2015 Global Agenda – a role for local government

2014 ◽  
pp. 173-177
Author(s):  
Lucy Slack
Keyword(s):  
Sustainable Development ◽  
Local Government ◽  
Millennium Development Goals ◽  
Sustainable Development Goals ◽  
Global Community ◽  
New Targets ◽  
Development Agenda ◽  
Development Goals ◽  
Global Agenda

As the period of implementation for the Millennium Development Goals (MDGs) draws to a close, the global community is actively debating what should replace them. Local government is working hard to ensure that the post-2015 global development agenda reflects the important role of local government in implementing the new targets. It is a unique opportunity for local government to make its voice heard, to promote the importance of localisation of the new targets, and to position local government as a key partner in the implementation of the new Sustainable Development Goals (SDGs)

scholarly journals The Role of Entrepreneurship Activity in Economic Development

2021 ◽  
Author(s):  
Rashmi Jaymin Sanchaniya ◽  
◽  
Ineta Geipele ◽  
Keyword(s):  
Economic Growth ◽  
World Economic Forum ◽  
Middle Income ◽  
Economic Progress ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
General Expectation ◽  
Different Levels

The paper presents a summary of the literature on the significance and importance of entrepreneurship to economic growth and development. Entrepreneurship has been shown to have been seen to lead to an overall optimistic development in many economic data. There is a general expectation that this inquiry would address the question of whether there is a correlation between the entrepreneurial enterprise and economic growth. In countries with various economic groups, different citizens are classed due to how much wealth they have. The data used in this paper were extracted from the World Bank, the World Entrepreneurship Monitor (WEM) over the last five years, and the World Economic Forum has a Database of Worldwide businesses. However, in low-middle- and middle-income nations, growth-oriented entrepreneurship is associated with economic progress. Analysis of various countries and different levels of economic growth, so it can be claimed that entrepreneurship serves a special position.

A plea for a stronger role of non-financial impact in the socially responsible investment discourse

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joel Diener ◽  
Andre Habisch
Keyword(s):  
Action Plan ◽  
Socially Responsible Investment ◽  
Theory And Practice ◽  
Financial Impact ◽  
Business Practices ◽  
Fund Management ◽  
Socially Responsible ◽  
Content Type ◽  
Responsible Investment

Purpose This paper aims to emphasize the importance and current deficits of non-financial impact (NFI) assessment of socially responsible investment (SRI) with reference to the action plan of the European Commission (EC) for a greener and cleaner economy. Design/methodology/approach The importance and current deficits of NFI assessment are evaluated theoretically and condensed to an equilibrated socially responsible investment (ESRI) perspective, based on a narrative literature review of highly ranked academic journals. Findings Due to a deficient exploration of NFI in theory and practice, the role of SRI funds for sustainability transition has not yet been adequately discussed. This has enabled a situation where a constantly rising market share of SRI has not led to similar sustainability achievements. This strongly contrasts with investors’ expectations, the self-portrayal of the sector and the goals of the EC’s action plan. As a solution, the developed ESRI perspective elevates NFI as a second cornerstone for theory and practice. ESRI, contrary to the EC, sets a primer on the role of SRI fund management for achieving sustainability goals. Originality/value This study reveals how SRI theory and practice neglect the importance of NFI. The presented ESRI perspective enables scholars to examine SRI practices more holistically through a new theoretical lens. One special focus is on the role of SRI fund management as a transmission mechanism to push portfolio companies’ business practices toward more sustainable behavior.

The role of international educational and science programs for sustainable development (systemic approach)

Kybernetes ◽  
2018 ◽  
Vol 47 (2) ◽  
pp. 409-424 ◽  
Author(s):  
Ineza Gagnidze
Keyword(s):  
Sustainable Development ◽  
Educational System ◽  
Design Pattern ◽  
Cost Effective ◽  
Science System ◽  
Content Type ◽  
Alternative Design ◽  
World Economic ◽  
Circular System

Purpose The purpose of this paper is to foster research on an alternative design pattern for educational system (to emphasize symmetric connections with a range of actors) to achieve rapid and cost-effective strong sustainability by forming the clusters and entrepreneurial universities in economy. Design/methodology/approach For the preparation of this paper, the authors reviewed the literature on education and science, sustainable development, sustainable science, clusters and systems. Data, reports and surveys (UNESCO, World Bank, World Economic Forum, etc) were analyzed in detail, to create a clear picture related to research topics. Findings The role of education and science in solving the problems of sustainable development is critical. The system of education and science fails to meet modern challenges. The authors believe that it is desirable to start working on a different model. For this purpose, they have developed a new approach to connect clusters and alternative design pattern of education and science system for sustainable development. Originality/value First, mutually beneficial effective circular system has been improved by offering an alternative design of the educational system to link it to the international educational and scientific programs. Second, the visible and invisible sides of the cluster are presented as a tree-shaped system. Third, invisible and visible connection between branch clusters and an alternative design pattern for educational system have been identified and presented as a system.

scholarly journals PROVISION OF GEOGRAPHY COMPETENCE AIMED TO ATTAIN THE GOALS OF SUSTAINABLE DEVELOPMENT

ASJ. ◽  
2020 ◽  
Vol 1 (41) ◽  
pp. 30-36
Author(s):  
V. Kurbatov
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Big Data Analytics ◽  
Project Planning ◽  
Ecological Crisis ◽  
Educational Systems ◽  
World Economic Forum ◽  
Process Of Change ◽  
World Economic ◽  
Key Competencies

A lack of efficiency of the measures, aimed at prevention of the ecological crisis, is related by the analysts to the difficulty in coordination of actions between the subjects of the global economy, as well as to the growing uncertainty, resulting from the high labor intensity in big data analytics and the ‘vagueness’ in perception of basic terms of sustainable development. The acceleration of the process of change of living conditions leads to increased velocity of obsolescence of professions, that makes it difficult to predict, which ‘new professions’ will be listed as marketable in the intellectual economy of the future, along with the key competencies, required to overcome the progressive economic crisis and prevent the irreversible losses, caused by deepening ecological crisis. Accordingly, the educational initiative of the World Economic Forum in Davos 2020, aimed to provide for preparation of one billion of specialists, qualified for ‘new professions’, and creating employment opportunities for them, requires the use of innovative approaches in designing educational systems. In particular, the use of the system-synergy synthesis of reality, developed in the USSR in the 80s of the last century, has proved the efficiency of using the value-sense project planning for solving such problems. The article is dedicated to the analysis of causes of the growing uncertainty and to the solution of the problem, based on the system of the value-sense education, forming the level of geography competence required for attaining the goals of sustainable development set by UN.

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