The coming year will also test our commitment and resolve in our ability to galvanize and build trust within and across communities to address the multitude of challenges that demand we work together. All rights reserved. Phone: 212.697.3315, United Nations Foundation The question for management going forward is going to be: What do I offer, how do I manage it, and what do I think about going forward?. Likewise, the growing conflict in Ethiopia is expected to place an additional 5 million people in need of assistance. In that call, it recognized the critical role of youth leaders in crafting our current policies to ensure a prosperous and peaceful future. Battling Depression and Anxiety Contemporary Issues November 19, 2021 0 An additional aspect of supply chains for corporations to consider is due diligence when it comes to suppliers, especially into their ESG standards. by visiting our privacy page: www.ihrb.org/privacy. Growing interest in a circular economy focuses on reducing materials footprints and preventing disposal in landfills. A challenge in any crisis is managing ones own stress response and reactivity in order to see clearly and choose wisely, Powell says. Financial transparency around climate action has to date been sorely lacking. Economic progress, if broadly shared, is crucial to realising development goals, but not if it undermines the rights of vulnerable communities, or displaces them without due process. The U.S. and China put aside their differences and agreed to boost cooperation around combating climate change in the years ahead. Dardens graduate degree programs (MBA, MSBA and Ph.D.) and Executive Education & Lifelong Learning programs offered by the Darden School Foundation set the stage for a lifetime of career advancement and impact. It also means continuing to model a new form of multistakeholder engagement and feminist multilateralism, leveraging the strength and energy of youth leaders, the corporate sector, and dedicated national governments, among others. Some businesses see this moment in time as a chance not just to rebuild the economy after coronavirus but to build it back better and greener than before. +1-434-964-8724, 20 Questions with Cathy Friedman (MBA 86), Two UVA Darden Students Named to Best and Brightest List, UVA Darden Dean Scott Beardsley Awarded Sabbatical to Study at Oxford University, The Power of And: New Book From UVA Darden Professors Examines Responsible Business Without Trade-Offs, Climate Change Takes the Global Stage, and Business Is in the Spotlight, Women@Darden Initiative Adds to UVA Darden Drive Toward Inclusive Excellence, About the University of Virginia Darden School of Business. Opportunities for job creation and strengthened social inclusion in a reformed and reimagined transport sector remain largely unexplored. According to the National Center for Educational Statistics, the average high school retention rate was at 74 percent between 2018 and 2019, compared to the national average of 86 percent. Yet we also see space for finding common ground in some areas, including on major global threats of our time like COVID-19 and the climate crisis. As fossil fuels have increased in price unpredictability and reputational risk, demand for and affordability of renewable energy especially from data-heavy tech giants has increased significantly. (Reuters), Extinction Rebellion protesters outside the Bank of England, part of their 2021 "Blood Money March" in London. The building and construction industries are now moving rapidly to mitigate their carbon footprints, while strengthening resilience to climate impacts such as extreme heat, flooding, and rising sea levels, and COVID-driven economic recovery. Middle management positions in data-driven, white-collar sectors of the economy such as finance, accounting, law and information technology are especially susceptible to more sophisticated automation. The crises and conflicts that are a significant driver of humanitarian need cannot be kept neatly inside national borders, making a central purpose of the founding of the UN to prevent conflict harder than ever. News Briefs from around the World: September 2022 In case you missed it By Fionna M. D. Samuels on September 1, 2022 Credit: NASA GUADELOUPE A newfound, centimeter-long bacterium challenges. Achieving a net-zero carbon emissions future is a massive challenge, and will only be possible with help from business, says Professor Mike Lenox. There is perhaps no greater frontier than the net-zero future to which the world must now pivot. University of Virginia Associate Director, Editorial & Media Relations as page navigation and access to secure areas. Roles that require human traits like empathy, creativity and motivation are the ones that provide an opportunity to reshape the future of work for now. Here, too, there are risks and opportunities for people as infrastructure aims to mitigate and adapt to climate change. , Carr Center for Human Rights Policy | December 10, 2022. The year ahead will see increasing demands on states to take the steps needed to incentivise faster rights-respecting climate action. Global Political Issues; . And yet this year was another cautionary tale for us all. For many leaders Ive listened to, the relatively sudden impact of the lockdown brought to the fore their awareness of our common humanity, says Professor Lili Powell. Plans such as the European Commissions 2020 Sustainable and Smart Mobility Strategy, which calls for decisive action to shift more activity towards more sustainable transport modes, and which makes a number of targeted commitments for the coming decades, must now be implemented and replicated in other regions. That shift has already started. A high-level meeting on sustainable financing for peacebuilding will take place, identifying new approaches and methods to ensure that these critical tools and instruments have the requisite funding. Extreme weather events accelerated, and biodiversity loss is taking place at alarming speed. This need not slow growth of the green economy. To increase diversity through hiring, companies need to start with a diverse pool of candidates when interviewing, including recruiting outside of the standard go-to places, Professor Carolyn Miles, former CEO of Save the Children, says. Poverty In fall 2022, the World Bank will update the International Poverty Line from $1.90 to $2.15. The 2022 UN Climate Conference in Egypt (COP27) will provide an opportunity to ensure the highest emitting sectors, including agriculture, are given the appropriate scrutiny and resourcing for just transition policy design and support. Sudan enters 2022 facing multiple challenges. Wed 29 Dec 2021 06.41 EST Last modified on Thu 30 Dec 2021 08.35 EST O n the brink of a new year, the world faces a daunting array of challenges: the resurgent Covid-19 pandemic, the climate. There are huge opportunities either for incumbent companies or entrepreneurs to innovate new tech that can lead the march to a clean future, Lenox says. No one institution can make up for another institution that isnt pulling its weight. Digging into the data reveals a number of troubling trends: increases in forced displacement, more people on the edge of acute famine, the concentration of the vaccine inequity reality, increased intersections between issues like climate and hunger with conflict, a rise in authoritarianism, and a surge in conflict and violence. In the time ahead, ensuring that circular economy developments move in a positive direction for workers and communities will likely gain momentum and involve strategic interventions by multiple actors investors and owners, companies, and governments. As new developments unfold in the political, social, economic, and technological spheres, the strategies by which we protect our fundamental rights must continue to evolve and adapt to our changing world. For example, the Glasgow Financial Alliance for Net Zero (GFANZ), launched in April 2021, has grown to include 450 institutions reportedly committing $130 trillion to the transition to net zero. Machine learning offers a variety of sophisticated tools that produce deeper customer insights much faster than any group of humans could achieve.. By Darden Executive Education & Lifelong Learning, The world has seen profound changes in almost every facet of business and society in just the past year alone, and the change is ongoing. Some of the worlds biggest companies have set hiring and promotion targets, and they have also been forthcoming with their workforce data, reporting detailed demographic information that has highlighted the lack of diversity among senior officials and managers. To survive, companies need a customer-centric, strategic plan for how to deliver a unique buying experience to every customer at every juncture of their buying journey and do it at scale, says Professor Raj Venkatesan. Contemporary Issues_Advance_Sheet. Managed well, these processes can create significant opportunities in job creation, improve access to energy-efficient housing, and provide superior indoor and outdoor air quality. As we enter the third year of the COVID-19 pandemic, its worth taking a moment to appreciate the remarkable speed at which vaccines were developed and the rapid design and implementation of revolutionary new partnership models including the Access to COVID-19 Tools (ACT) Accelerator and its COVAX pillar to ensure equitable access to tests, treatments, and vaccines. Leading mindfully is very much about showing up with an optimal balance of grit and grace, in which grit represents the focus and determination that mindful practices foster and grace represents the calm and kindness that compassion practices foster. In the US for example, the combined annual green power use of the top 100 companies currently amounts to 73 billion kilowatt hours equivalent to the annual electricity use of nearly 6.9 million American homes, and more than double the amount drawn just three years earlier. Companies who dont pursue a net-zero goal also risk reputational harm and reduced access to the capital markets, Lenox points out. From climate change to technology and from social issues to health, contemporary issues abound in almost every area of our current lives. In doing so, it will be imperative for underrepresented and marginalised groups such as women, small holders, migrant workers, and indigenous peoples to be at the centre of this industrial transformation and decision making by both government and business, or else changes will understandably be met with resistance. by. As new developments unfold in the political, social, economic, and technological spheres, the strategies by which we protect our fundamental rights must continue to . Peacekeeping missions in South Sudan, the Congo, the Central African Republic, and Mali will continue to dominate attention, and uncertainty around Afghanistan and Ethiopia will remain top of mind. Food wasteis an enormous contributor to the overall figure, with around one-third of food produced globally wasted post-harvest simultaneously contributing to global inequity and the more than 2 billion food-insecure people around the world. The UN Working Group on Business & Human Rights Roadmap for the next decade recognised just transition as a primary imperative. Companies have for decades chased the holy grail of ever greater efficiency, sacrificing resilience and robustness. Were likely to offer the same types of services with fewer human employees in the future, predicts Professor Anton Korinek. 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