ISO 26000, 20121 & 37001 - Drive Positive Change in ESG

Summary

This video script explores the significance of Environmental, Social, and Governance (ESG) factors in business and investment decisions. It highlights key international standards like ISO 26000, which promotes sustainable and ethical food practices, ISO 20121 for sustainable event planning, and ISO 37001 for anti-bribery management systems. These standards help organizations address sustainability, reduce environmental impact, and foster ethical practices. By adopting these guidelines, businesses can align with global sustainability goals, enhance long-term value creation, and contribute to broader societal and environmental benefits.

Takeaways

• 😀 ESG refers to environmental, social, and governance factors that organizations consider in operations and investors consider when making decisions.
• 😀 ISO 26000 provides international guidelines on social responsibility, helping organizations build customer and stakeholder trust through sustainable practices.
• 😀 ISO 26000 encourages sustainable and ethical food practices, helping the food industry align with global sustainability goals and ensure food security.
• 😀 October 16 is World Food Day, promoting the adoption of ISO 26000 guidelines to encourage ethical food practices and raise awareness on hunger.
• 😀 ISO 20121 provides sustainability guidelines for event organizers, aiming to reduce waste, conserve resources, and promote social and environmental responsibility in events.
• 😀 ISO 20121 was adopted by the Singapore International Circuit in 2017, making it the first in Asia-Pacific to achieve certification for event sustainability.
• 😀 FIFA World Cup Qatar 2022 received ISO 20121 accreditation, setting a higher benchmark for sustainability in international mega-events.
• 😀 ISO 37001 is a standard that provides guidelines for anti-bribery management systems to help organizations mitigate risks and promote ethical governance.
• 😀 ISO 37001 includes key elements such as risk assessment, policies and procedures, training and awareness, and monitoring to strengthen financial management and reduce bribery-related risks.
• 😀 Madala Energy in Malaysia achieved ISO 37001 certification, demonstrating its commitment to ethical business practices and promoting integrity within the organization.

Q & A

What does ESG stand for?

ESG stands for Environmental, Social, and Governance factors, which are considered by companies when managing operations and by investors when making investment decisions, focusing on the risks, impacts, and opportunities these factors present.

What is ISO 26000 and why is it important?

ISO 26000 is an international standard on social responsibility for organizations. Published in 2010, it provides guidelines on how organizations can address their social responsibilities, boosting customer and stakeholder confidence and ensuring consistency in practices.

How does ISO 26000 contribute to sustainable food practices?

ISO 26000 promotes sustainable and ethical food practices, particularly on World Food Day (October 16), by guiding organizations in the food production chain to implement actions that make them more socially responsible, ensuring enough food for everyone while protecting the environment.

What is ISO 20121 and how is it relevant to events?

ISO 20121 is a standard for planning events that promote economic, environmental, and social sustainability. It helps event organizers reduce waste, conserve resources, and raise awareness about sustainability, thus supporting broader ESG goals.

Can you give an example of an organization achieving ISO 20121 certification?

In 2017, the Singapore International Circuit became the first Asian company to achieve ISO 20121 certification for event sustainability. This certification showcased their commitment to sustainable practices in hosting international events.

Which major event received ISO 20121 accreditation in 2022?

The FIFA World Cup in Qatar 2022 received ISO 20121 accreditation for event sustainability, setting a higher benchmark for future international mega-events to implement sustainable practices.

What does ISO 37001 focus on?

ISO 37001 is a standard for creating, implementing, and maintaining an anti-bribery management system. It helps organizations mitigate legal, financial, and reputational risks related to bribery and fosters ethical governance practices.

What are the key components of ISO 37001?

The key components of ISO 37001 include risk assessment, policies and procedures, training and awareness, as well as monitoring and review to ensure that an anti-bribery management system is effective.

Which organization in Malaysia achieved ISO 37001 certification?

Madala Energy in Malaysia achieved ISO 37001 anti-bribery management system certification, with guidance from ABAC Center of Excellence, showcasing their commitment to integrity and ethical business practices.

How do these ISO standards contribute to long-term value creation?

These ISO standards help organizations integrate environmental, social, and governance factors into their business strategies and operations, aligning with global sustainability goals, enhancing long-term value creation, and contributing to broader societal and environmental outcomes.