Oxfam Private Sector Work
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Transcript of Oxfam Private Sector Work
Oxfam’s private sector work
Shared Value Partners Meet
New Delhi
19 November 2015
Erinch Sahan
Namit Agarwal
Forces for Responsible Business
1. Power
Of workers,
communities &
farmers
2. Government
3. Consumers
4. Investors
Oxfam’s Engagement with Business
Supporting / running companies engaging with existing companies
What do we assess?
Public & Investor Engagement
•700,000 consumers speak up
•Investors ($1.4tn of assets under management) engage
companies to improve
How and Why India Responsible
Business Index• The Ministry of Corporate Affairs launched the National
Voluntary Guidelines (NVGs) 2011
• Securities and Exchange Bureau of India (SEBI) made
NVG disclosures compulsory for the top-100 companies
• Corporate Responsibility Watch , Praxis and Partners in
Change developed Disclosure Matters series highlighting
disclosures on corporate-community engagement
• An index of the top 100 companies listed in India was
developed by CRW, Oxfam India, Praxis and PiC
The index aims:
• To encourage companies to disclose more
information.
• To encourage companies to make policies on the
issues that respect the intent of the NVGs
India Responsible Business Index
www.responsiblebiz.org
Key Findings• Companies seemed to be relatively highly invested in
community development and reasonably committed to
employee dignity and certain forms of non-discrimination of
the workplace
• Companies appear to find it more of a challenge to ensure
a responsible supply chain
• 61 companies do not recognise the inclusion of local
suppliers, and only 4 have shared a commitment to procure
raw products at a price that is fair.
• In the element of community as business stakeholders as
many as 94 companies are in the “low” band, not a single
company is in the “high” band
• Policies of 71 companies recognise the need for prior
impact assessments, and 2 companies have policy
requirements to make their reports available in the public
domain.
Engagement Opportunities in India• Looking at business responsibility in a context which is
broader than CSR
• Better policies and disclosures
• Pushing towards a level playing field in business
responsibility
• Informing business decisions
• Informing investment decisions
• Strengthening inclusive business models
THANK YOU!