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Global Compact International Yearbook Ausgabe 2013

The UN Global Compact is the world’s leading platform for corporate sustainability. In describing the future aims of the Global Compact, UN Secretary-General H.E. Ban Ki-moon says: “A growing number of business in all regions recognize the importance of reflecting environmental, social, and economic considerations in their operations and strategies. Now the challenge is to move from incremental process to transformation – in society and markets alike.” The new 2013 edition of the Global Compact International Yearbook offers proactive and in-depth information on key sustainability issues and focuses on recent developments of stakeholder management such as managing corporate legitimacy, for example. Concomitant to this is the call for a more holistic reporting of companies’ financial and nonfinancial performance, which is expressed in the idea of integrated reporting. Furthermore, this edition highlights the connection between the sustainable development of African societies and the ways of managing and governing their natural wealth. The newest developments concerning the move toward a low-carbon economy are shown in the chapter on climate change, which emphasizes the importance of reducing the output of greenhouse gases. Corresponding to the idea of mutual learning, the Global Compact International Yearbook includes 43 good practices of corporate participants that showcase different approaches to the implementation of the Ten Principles of the Global Compact. The Global Compact International Yearbook is a product of the macondo media group and United Nation Publications in cooperation with the Global Compact Office in support of the UN Global Compact and the global advancement of corporate sustainability. It contains 196 pages.

The UN Global Compact is the world’s leading platform for corporate sustainability. In describing the future aims of the Global Compact, UN Secretary-General H.E. Ban Ki-moon says: “A growing number of business in all regions recognize the importance of reflecting environmental, social, and economic considerations in their operations and strategies. Now the challenge is to move from incremental process to transformation – in society and markets alike.”

The new 2013 edition of the Global Compact International Yearbook offers proactive and in-depth information on key sustainability issues and focuses on recent developments of stakeholder management such as managing corporate legitimacy, for example. Concomitant to this is the call for a more holistic reporting of companies’ financial and nonfinancial performance, which is expressed in the idea of integrated reporting. Furthermore, this edition highlights the connection between the sustainable development of African societies and the ways of managing and governing their natural wealth. The newest developments concerning the move toward a low-carbon economy are shown in the chapter on climate change, which emphasizes the importance of reducing the output of greenhouse gases.

Corresponding to the idea of mutual learning, the Global Compact International Yearbook includes 43 good practices of corporate participants that showcase different approaches to the implementation of the Ten Principles of the Global Compact. The Global Compact International Yearbook is a product of the macondo media group and United Nation Publications in cooperation with the Global Compact Office in support of the UN Global Compact and the global advancement of corporate sustainability. It contains 196 pages.

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Good Practice<br />

Human Rights<br />

In August 2012, Myanmar was hit yet<br />

again by floods across different states.<br />

The floods displaced more than 80,000<br />

people, affecting a total of more than<br />

287,000 people. Ayeyarwady region was<br />

the worst hit, affecting and displacing<br />

about 48,000 people and destroying<br />

more than 136,000 acres of farmland,<br />

houses, roads, and bridges. Representing<br />

the Bank, Ayeyarwady Foundation<br />

generously offered donations in cash and<br />

in-kind for the affected victims.<br />

Extending reach to victims of<br />

internal conflicts<br />

Ayeyarwady Bank is aware that there<br />

are many people across the country in<br />

need of help – some of which include<br />

the victims of internal conflicts within<br />

the country, thus extending our CSR<br />

further. It is apparent that Myanmar, a<br />

country made up of many ethnic groups,<br />

is still experiencing internal conflicts,<br />

such as those in the states of Kachin and<br />

Rakhine. Reaching out to the victims of<br />

such conflicts naturally became one of<br />

our priorities.<br />

The conflict in Rakhine State<br />

The Rakhine conflicts and riots – caused<br />

by clashes between ethnic Rakhine and<br />

the Rohingya – has displaced more than<br />

100,000 people since it started in June<br />

2012. Buildings were set ablaze during<br />

the riots, burning down more than 4,000<br />

houses. Once again representing the<br />

Bank, Ayeyarwady Foundation stepped in<br />

to help the affected victims. Management<br />

personnel from Ayeyarwady Bank and<br />

the volunteers from Ayeyarwady Foundation<br />

went to the temporary displacement<br />

camps to offer victims donations in cash<br />

and in-kind, such as medical supplies<br />

and dried food stuffs.<br />

The Kachin conflict<br />

Many civilians in the Kachin region are<br />

also affected by the conflicts among the<br />

ethnic groups. The fighting and shootings<br />

have forced these civilians to flee from<br />

their homes and take up accommodations<br />

in the temporary displacement<br />

shelters set up by many humanitarian<br />

groups across the state. In an attempt<br />

BANK INFO<br />

(As of April <strong>2013</strong>)<br />

• Obtained license to operate<br />

banking services in July 2010<br />

from the Central Bank of<br />

Myanmar.<br />

• Commenced operations with<br />

the opening of its first Head<br />

Office in Naypyitaw, Myanmar’s<br />

new capital, in August 2010.<br />

• Current number of branches<br />

is 34, with a staff of more than<br />

1,500 across the country.<br />

• Number of ATMs across the<br />

country: 50.<br />

• A member of the Association<br />

of Banks in Myanmar, SWIFT,<br />

and an active participant in the<br />

United Nations <strong>Global</strong> <strong>Compact</strong>.<br />

to reach out, Ayeyarwady Foundation,<br />

once again representing the Bank for<br />

its CSR activities, went to a number of<br />

these shelters in December 2012 to offer<br />

much needed food supplies at the camps.<br />

The glimpses of hope in people’s eyes at<br />

the sight of the donors showed just how<br />

much support they needed.<br />

Ayeyarwady Bank and its workforce<br />

By helping to improve the lives of those<br />

in society does not mean that Ayeyarwady<br />

Bank neglects those in its workforce.<br />

Ayeyarwady Bank also reaches<br />

out to its current workforce of more<br />

than 1,500 employees across the country<br />

by having welfare funds allocated, by<br />

providing transport arrangements to<br />

ease their travels to and from work, as<br />

well as by providing for lunch during<br />

their workdays. These little acts have<br />

been well-appreciated by the employees<br />

and, hence, the employees are happy to<br />

be actively engaged in all of the Bank’s<br />

corporate social initiatives.<br />

<strong>Global</strong> <strong>Compact</strong> <strong>International</strong> <strong>Yearbook</strong> <strong>2013</strong><br />

79

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