Countries which fail to compete responsibly could miss out on their share of a market worth US$750 billion by 2050, or more than 1% of current global GDP. Factors such as climate change, gender, human rights, and anti-corruption will play an important role in shaping this market and in redefining business strategy in the future. This is one of the conclusions of a report to be launched at the UN Global Compact Leaders Summit in Geneva on the 6th July during a Ministerial roundtable by the research institute AccountAbility. This State of Responsible Competitiveness report identifies major opportunities to build more responsible markets and gives a framework for policymakers and executives to improve their current strategy. A unique health check on responsible globalization, the report includes a global ranking of 108 countries, accounting for 96 per cent of global economic activity. The index is based on 21 unique indicators, all taken from independent and reliable sources. The report is the culmination of seven years of research and analysis and carries essays from leading global experts like Sir Nicholas Stern, Laura Tyson, Guy Ryder and Günter Verheugen. Image source: emeraldinsight.com

News selected by Covalence | Country: Global | Source: CSR Asia