Ethical Alliance Newsletter


ethiXbase Insights

Blog: Corruption Is Still the Number One Barrier to Sustainable Development

Governing agencies are cracking down on implementing and enforcing anti-bribery and corruption regulations, especially as they affect the progression of sustainability initiatives. Specifically, the UN’s 2030 Agenda for Sustainable Development and 17 Sustainable Development Goals (SDGs) make it clear that leaders continue to view corruption as a top obstacle to sustainability.

Blog: The Future of Risk Assessment is Automated

Between the climate crisis, political tension, and other rising threats, the era of cascading risk is here to stay. In fact, nearly 90% surveyed about global risk perception anticipate negative scenarios over the next three years, with over 41% expecting “consistently volatile conditions with multiple surprises” and nearly 33% expecting “fractured trajectories.”

Blog: German Due Diligence FAQs

The German Due Diligence Act, also known as the Lieferkettensorgfaltspflichtengesetz, was adopted by the Bundestag in June 2021 and comes into force from 1 January 2023. The new legislation requires major businesses in Germany to carry out an internal analysis of their operations, introduce preventative measures, and establish an effective complaints mechanism to combat modern slavery risks in their global supply chains.

Editor’s Selection

United Kingdom: Anti-Corruption Budgets Slashed by UK Ministers in Face of Russian Oligarchy

The budget for the International Corruption Unit (ICU) has been cut by 13.5% this year. Experts are claiming that this budget will be wildly insufficient in fighting the presence of kleptocratic Russian money in the UK.

Ukraine made steps, guided by Dabria Kuleniuk, to implement pre-invasion anti-corruption measures. But have they been a success? In one sense no. Under the reforms, oligarchs are still unaccountable and not able to be bought to justice in Ukranian courts, which is a failure.

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China: Hong Kong ESG lenders bucking the trend of global ESG slumps

ESG lenders from Hong Kong and China have been recording record profits on their sustainable loans despite most global lenders experiencing the opposite. It looks like this trends is set to continue with the two markets lending $1.6bn worth of sustainable loans and a $1.7bn green loan.

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Europe: Investor relationships with ESG and the defence sector shaken by Ukraine conflict

Investors are rolling back their decisions to remove defence stocks from sustainable funds due to security concerns caused by geopolitical tensions related to the Russia-Ukraine conflict. This comes after years of accepted thought on the behalf of investors to exclude controversial defence stocks from ESG funds believed to be part of an unethical arms trade.

 

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