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Dear Subscriber,
SDGs In Play: #16 Peace, Justice And Strong Institutions
The Role of Businesses in Ensuring Peace, Justice and Strong Institutions
The Role of Businesses in Ensuring Peace, Justice and Strong Institutions
Progress in promoting peace and justice – together with fostering effective, accountable, and inclusive institutions – is a decisive challenge across the globe. Violence cost 12.6 percent of world GDP in 2016. While homicides have declined and more citizens around the world have better access to justice, violent conflicts have increased in recent years. A few high-intensity armed conflicts are causing a large number of displaced persons and threatening rule of law. In 2016 the IMF estimated the annual cost of bribery alone at about $1.5 to $2 trillion.

Bribery and corruption impede business growth, raise transaction costs, and create an unlevel playing field. This ultimately creates social instability, fuels mistrust in public officials and institutions, and undermines the rule of law. Indeed, an estimated 4 billion people world-wide continue to live outside the protection of the law.
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MAKING IT HAPPEN
AMCHAM Members share their actions to contribute towards this SDG. 
ISKL Developing Leaders for Peace, Justice and Strong Institutions
ISKL Developing Leaders for Peace, Justice and Strong Institutions
At The International School of Kuala Lumpur (ISKL), we believe that our students are our future. As young people exposed to a range of cultures and international experiences, they are uniquely placed to be global leaders in sustainable development and social justice, now and in the future. ISKL prioritizes developing in our students, from their earliest years, an understanding of not only the challenges facing our world, but the part they can play to truly make a difference.
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Christopher & Lee Ong – Advocating for Peace, Justice and Strong Institutions
Christopher & Lee Ong – Advocating for Peace, Justice and Strong Institutions
Since inception, Environmental, Social, and Governance (ESG) factors have been at the heart of Christopher & Lee Ong’s (“CLO”) approach, not only within the Firm but to doing business as well. With the push and call for action by both the public and private sectors in Malaysia and other countries on various sustainability issues, including global health and social well-being, tackling of climate change and environmental issues, and transparency in corporate governance, the assimilation of these factors into our operations have translated for better outcomes for our clients, our people, and the wider community.
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COMMITTING TO SDG #16, CONSIDER THESE:
1. Intentionality
  • Is your company committed to supporting the achievement of Goal 16? Have you developed a holistic strategy that reflects this commitment, covering end-to-end operation and the wider community?
  • Are you committed to learning from your actions and do you have processes in place to improve them accordingly?
  • Is your strategy supported by the highest levels of management, including the Board of Directors?
2. Ambition
  • Do your actions achieve long-term outcomes that greatly exceed those resulting from current industry practice?
  • Are your actions aligned with what is needed to achieve Goal 16?
3. Consistency
  • Is support for Goal 16 embedded across all organizational functions?
  • Are staff and board incentives aligned with achieving Goal 16?
4. Collaboration
  • Do you proactively look for opportunities to partner with Governments, UN agencies, suppliers, civil society organizations, industry peers and other stakeholders to inform how to advance Goal 16?
5. Accountability
  • Do you publicly express your commitment to advance Goal 16?
  • Do you identify, monitor, and report on impacts, including potentially adverse impacts?
  • Do you mitigate risks associated with your action?
  • Do you remediate negative impacts associated with this action?
  • Do you engage stakeholders in a meaningful way?
In Partnership With
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American Malaysian Chamber of Commerce
Level 10, Bangunan Faber Imperial Court, Jalan Sultan Ismail,
Kuala Lumpur 50250, Malaysia
Tel: +603 2727 0070Fax: +603 2727 0075Email: info@amcham.com.my
    

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