Correspondent banking is the cornerstone of the global payment system, designed to serve the settlement of financial transactions across country borders. It allows companies and individuals to safely move money around the world and supports and encourages global trade. Since the financial crisis, tighter regulations - and in particular the regulatory penalties imposed for violations of anti-money laundering (AML) – have caused western banks to rethink their global strategy. The risks of doing business in many developing nations are beginning to be seen as outweighing the financial benefits brought by correspondent banking activity. As a result, US and European banks have reduced their correspondent banking activity in the riskiest regions.
The Blueprint for Business Leadership on the SDGs aims to inspire all business — regardless of size, sector or geography — to take leading action in support of the achievement of the Sustainable Development Goals (SDGs). It illustrates how the five leadership qualities of Ambition, Collaboration, Accountability, Consistency, and Intentional can be applied to a business' strategy, business model, products, supply chain, partnerships, and operations to raise the bar and create impact at scale. The Blueprint is a tool for any business that is ready to advance its principled approach to SDG action to become a leader. This chapter relates specifically to SDG 10.
There is a strong business case for increasing diversity and inclusion in the petrochemical workforce. EPCA’s new initiative on the subject aims to discover best practice and embed diversity and inclusion into management thinking and company DNA. This is important for advancing SDG 10.2 to empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.
A responsible supply chain, and eliminating corruption in the supply chain, are important elements of goals 10 and 16. This report, updated in 2016, outlines common supply chain corruption scenarios and provides a framework and set of tools for addressing them.
This report provides an overview on how to do business with respect to children's right to be free from child labour, with the aim to improve global supply chain governance, due diligence and remediation processes to advance the progressive elimination of child labour. This report relates to Goal 8 and Goal 10.
Linking to Goal 10, this infographic highlights the human rights dimension of each Sustainable Development Goal, by indicating the relevant international human rights instrument that applies.
Linking to Goal 10 and Goal 16, this report outlines ways in which business can help uphold children’s rights and support and promote their well-being during humanitarian crises.
Linking Goal 10 and Goal 16, this report highlights the linkages between human rights and anti-corruption compliance and how companies can benefit from integrating these considerations in their compliance programs.
