MANAGING RESPONSIBLE BUSINESS2015 EDITION

The ethical challenges organisations must navigate tosucceed in a connected world

CGMA® REPORT

We live in a rapidly-changing,interconnected world…

…and since the financial crisis of 2008, the world has changed considerably

The way we perceive businesses has changed

And there is greater expectation than ever before for businesses to act ethically

Organisations are more global than ever, making operating ethically

a complex process

It’s not good enough for businesses to simply offer a product or service

Businesses need to deliver their product or services to customers in a

responsible manner

From supply chain, environmental issues

and employee working conditions…

… to anti-corruption and bribery procedures

Since 2008, the world has changed considerably

The World Bank1 suggests that corruption adds up to 10% of the total cost of doing business

globally…and adds 25% to procurement costs in developing countries

1. http://www.weforum.org/content/global-agenda-council-transparency-anti-corruption-2014-2016-0

CGMA research2 finds that 82% of organisations around the world have a

code of ethics

2. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx

In the largest businesses, this rises to 92%3

3. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx

In the largest businesses, this rises to 92%3

But codes are not enough. Action is needed to create just

and fair working conditions and practises around the world

Ensuring that information is accurate and

transparent has never been more

important.

And embedding an ethical culture is vital to business success

or breaks a business.

Because reputation makes

To find out more about how you can help manage your business more responsibly,

download the CGMA report on Managing Responsible Business.

at www.cgma.org/responsiblebusiness

CGMA® REPORT