Business In Society Archives

The USCIB Foundation and Business at OECD Hold Preview Event in Paris on Metaverse Project

Published on April 17, 2024

On the sidelines of the biannual OECD Digital Policy Committee Meeting in Paris, Business at OECD (BIAC) and The USCIB Foundation’s metaverse project team hosted a successful report preview event on April 5. OECD delegates and secretariat, as well as various companies, including USCIB members, attended the preview event. Following the event, BIAC and The USCIB Foundation will launch the report in Washington, DC and organize a webinar with relevant experts to present findings in the report.

The roundtable featured remarks from Business at OECD Deputy Executive Director Nicole Primmer, a presentation of the project and preview of the project report findings from Paula Bruening (Casentino Strategies), and comments from the OECD Secretariat, including OECD Global Forum on Technology Lead Elizabeth Thomas Raynaud and OECD Economist/Policy Analyst on Privacy and Data Governance Christian Reimsbach- Kounatze.

According to USCIB Program and Policy Associate on Digital Issues, Nan Schechter, who attended the event, companies are actively exploring the possibilities of the metaverse, as well as trying to understand the novel privacy risks it may raise and how those risks might be addressed.

“BIAC and The USCIB Foundation undertook this project to explore the privacy issues raised by the metaverse and to develop business-oriented evidence regarding the of the OECD Privacy Guidelines’ applicability in this emerging environment, keeping in mind their two-part objective of protecting privacy and fostering cross border data flows,” said Schechter.  “USCIB is thrilled at the exciting potential and relevance of the report as it emphasizes multistakeholder privacy solutions and the increasing importance to data governance in the metaverse.”

 

USCIB Supports Launch of Blue Dot Network to Strengthen Quality Infrastructure Investment 

Published on April 16, 2024
Whitney Baird at the OECD

USCIB President and CEO Whitney Baird spoke during the April 8-9 launch activities for the Blue Dot Network (BDN), a project certification framework that aims to strengthen quality infrastructure investment. The launch activities included a meeting of the Executive Consultation Group, a Leaders’ Dialogue, and the official launch ceremony.  

BDN will certify projects based on robust standards and criteria in economic, environmental, social, and other areas.  The certification applies to infrastructure projects across all major infrastructure sectors including energy, water and sanitation, transport and ICT. It can accommodate projects at different stages of the life cycle, from planning and preparation to construction and operations. Projects developed under a variety of ownership and delivery models (e.g. traditional procurement, public-private partnerships, privatized) can be certified. 

The Blue Dot Network will be hosted at the OECD, but remain an independent entity overseen by the initiative’s Steering Committee governments, currently Australia, Japan, Spain, Switzerland, Türkiye, the United Kingdom, and the United States.  

“There is the potential to make BDN a serious game changer in the infrastructure world. But private sector engagement and creativity is absolutely crucial to any success,” said Baird. “It will take all of us – developers, investors, governments, and communities – to make BDN a success, and we are counting on your support. USCIB is happy to be a part of this process.” 

Baird has been a long-time supporter of the BDN, even prior to her current role leading USCIB.  

“As Principal Deputy Assistant Secretary of the Economic Bureau at the US Department of State, I led our BDN team in its work to develop this initiative,” added Baird. “I traveled, literally, all over the world because the US government believed, and I believed personally, that BDN, if done correctly, could answer a real need for a framework to allow project sponsors and public and private financial institutions to identify good infrastructure projects.” 

USCIB was also on hand for the OECD Infrastructure Forum, immediately following the launch. 

Strengthening Transatlantic Business Ties: USCIB Engages with ICC Colleagues in Seville 

Published on April 9, 2024
USCIB’s Jose Arroyo with the group from ICC Europe and ICC Americas

The International Chamber of Commerce (ICC) facilitated a regional meeting between European and American counterparts in Seville, Spain on April 3. This first-ever joint meeting, organized by ICC Spain and hosted by the Seville Chamber of Commerce, reinforced the historical economic ties between Europe and the Americas. The meeting convened representatives from ICC headquarters in Paris as well as ICC national committees from Europe and the Americas, including USCIB Policy Manager for Corporate Responsibility and Labor Affairs Jose Arroyo.  

Arroyo emphasized the need for more collaborative transatlantic efforts to address key business trends and challenges, as well as opportunities for enhanced cooperation to bolster business development, trade facilitation, responsible business conduct, and economic integration across regions. 

“This meeting provided a valuable platform for strengthening engagement and relationships between USCIB and our European and American counterparts,” said Arroyo. “We recognize the significance of advancing collaboration with our fellow national committees.”  

USCIB’s role in the meeting demonstrated its commitment to deepening its partnership with the ICC Americas Group, while reinforcing the integral commercial relations with European partners. Arroyo emphasized the direct implications of policy developments in Europe on American businesses, emphasizing the need for ongoing dialogue and collaboration to navigate global market dynamics effectively. 

ICC Secretary General John Denton attended the meeting in person and highlighted ICC’s priorities in supporting business growth and addressing challenges across regions. 

“USCIB looks forward to advancing our collaboration with European colleagues and strengthening our ties with the ICC Americas Group in pursuit of shared objectives and mutual benefits,” added Arroyo. 

ICC Statement on Using AI in Advertising and Marketing Communications

Published on March 27, 2024

The International Chamber of Commerce (ICC) released a statement on the use of Artificial Intelligence (AI) in advertising and marketing communications. ICC’s position on AI will also be reflected in the upcoming 2024 launch of the revised ICC Advertising and Marketing Communications Code (“the ICC Code”). The ICC Code is a globally applicable, self-regulatory framework, developed by experts across all industry sectors worldwide.

The upcoming revised version of the ICC Code will reiterate and clearly address in the scope that marketers’ responsibilities do not change with the use of AI and marketing communications prepared or delivered using AI must meet the same standards as all marketing communications.

ICC states: the ICC Code covers all forms of commercial marketing communications and is media and technology neutral. It applies to all mediums and platforms including social media, mobile, virtual and marketing communications using AI, as well as new technologies that become available in the future. As such, it serves as a practical resource for practitioners developing and delivering marketing communications, including with the assistance of AI, algorithms, and other automated technologies. Marketers should ensure that the ICC Code is followed whether marketing communications are created, modified or delivered solely by humans or with the assistance of AI, whether in whole or in part. When employing such technologies, marketers must remain at the helm and continue to exercise due care and oversight to ensure that marketing communications are legal, decent, honest, truthful, and that data privacy policies are adhered to. Careful oversight should be in place to ensure that marketing communications do not incite or condone any form of discrimination. Marketers are also encouraged to be mindful of diversity and inclusion in advertising and seek to avoid stereotypes and objectification.”

For the full statement, please click here.

 

USCIB Welcomes Release of the US National Action Plan on Responsible Business Conduct 

Published on March 25, 2024

New York, NY, March 25, 2024—The United States Council for International Business (USCIB) welcomes the release of the U.S. National Action Plan on Responsible Business Conduct (NAP). USCIB also encourages other governments around the world to implement their own NAPs to ensure that progress on human rights remains a global priority.   

Simultaneously, and as a key deliverable to the NAP, the U.S. Department of Labor announced a $2M grant to the International Labour Organization, to strengthen global social compliance systems and to combat forced labor in supply chains. 

USCIB has been providing consultations on the NAP since 2015 and hosted the first public consultation alongside global partners and other major business organizations. Also, in 2022, USCIB submitted comprehensive comments for the 2024 NAP version and organized a briefing for members with the State Department.  

“When done well, NAPs can help companies implement their responsibility to respect human rights, both within their own operations and those of their business partners,” said Ewa Staworzynska, USCIB director for Corporate Responsibility and Labor Affairs. 

The U.S. State Department will host an event on March 25, titled “U.S. Leadership on Responsible Business: The Launch of the U.S. Government’s National Action Plan on Responsible Business Conduct.” The event will feature discussions around key priorities addressed in the NAP, including strengthening access to remedy and protecting workers’ rights, as well as a discussion on government approaches to strengthening business respect for human rights and responsible business conduct more broadly. USCIB President and CEO Whitney Baird will be on a panel during the event, joining representatives from Oxfam, DHS and Simpson Thacher. 

The launch event will feature keynote remarks by Under Secretary for Economic Growth, Energy, and the Environment Jose Fernandez.  It will also include a panel discussion with other U.S. senior officials from across government, including from the Department of Homeland Security, Department of Treasury, Department of Labor, Department of State, and other stakeholders involved in the NAP process. 

About USCIB: 

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org.  

USCIB Celebrates International Women’s Day and Joins UN in Calling for Continued Investment in Women 

Published on March 8, 2024

New York, NY, March 8, 2024 — The United States Council for International Business (USCIB) celebrates International Women’s Day. USCIB also welcomes the United Nations’ 2024 theme of “Invest in women: Accelerate progress” and believes that investment in women is a human rights imperative.  

USCIB and its members have long championed the critical role of gender equality, support for female change-makers and implementation of gender-responsive financing. USCIB is also proud to be led by Whitney Baird, the first female President and CEO in the organization’s 79-year history, as of September 2023. 

“Through our engagement in the International Chamber of Commerce (ICC), the International Organization of Employers (IOE) and Business at OECD (BIAC), we will continue to work with our business counterparts around the world to address gender equality barriers that continue to confront women and girls and to accelerate progress for women everywhere through adequate investment and effective policies,” said USCIB Director for Corporate Responsibility and Labor Affairs Ewa Staworzynska. 

About USCIB: 

USCIB promotes open markets, competitiveness and innovation, sustainable development, and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD (BIAC), USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade and investment. More at www.uscib.org. 

USCIB Advocates for US Business Interests at OECD Responsible Business Conduct Events in Paris

Published on March 6, 2024
Jose Arroyo

The OECD hosted its annual Forum on Due Diligence in the Garment and Footwear Sector late last month, along with a series of side events on responsible business conduct (RBC) workstreams. This year’s OECD Forum addressed various issues, with a particular focus on living wages and binding company-union agreements in due diligence processes.

In recent years, the OECD has intensified its work in RBC standards and guidance for companies. USCIB, with its in-person engagements and partnership with Business at OECD (BIAC), advocates to ensure that those workstreams, especially those closely related to labor affairs, are consistent with parallel initiatives in other international agencies, such as the International Labor Organization (ILO).

“It is critical that the OECD ensures that new standards are implementable on the ground,” said Jose Arroyo, policy manager for Corporate Responsibility and Labor Affairs at USCIB, who represented U.S. business at the OECD. Arroyo underscored the pioneering role of U.S. businesses in RBC practices and emphasized the importance of clear, concise, and implementable guidance for business. Some of the OECD work includes guidance on responsible purchasing practices and meaningful engagement with workers via due diligence.

Arroyo emphasized the importance of OECD cooperation with other non-OECD countries, particularly in high-risk geographical zones where divestment risks are prevalent. “Meaningful cooperation and implementable standards are essential, ultimately benefiting local communities”, he said.

USCIB will maintain its strong engagement with OECD RBC workstreams.

 

USCIB Issues 2024 Priorities and Recommendations for APEC

Published on February 29, 2024

USCIB has issued this year’s priorities and recommendations that USCIB and its members would like to see advanced in the Asia-Pacific Economic Cooperation (APEC). This annual priorities document reflects critical issue areas across USCIB’s primary workstreams related to APEC. USCIB has always been a longstanding and steadfast contributor to APEC workstreams and stands ready to provide business inputs to advance APEC goals and objectives for 2024 and beyond.   

APEC also reflects USCIB’s longstanding and guiding objectives of promoting open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence.  

“USCIB values the committed partnerships that APEC has established with the private sector to address the many economic opportunities available to foster greater integration between APEC’s member economies,” said USCIB Senior Vice President for Trade, Investment and Digital Policy Alice Slayton Clark. 

“We laud the excellent work accomplished during the 2023 U.S. APEC host year and look forward to an equally productive 2024, exploring new topics for outcomes and deliverables as Peru takes the helm,” added Clark.  

USCIB Supports First-Ever Multilateral Agreement on “Living Wage”

Published on February 27, 2024

New York, NY, February 27, 2024–This weekend, the International Labor Organization (ILO), the UN entity responsible for setting international labor standards, reached the first-in-history multilateral agreement on the concept of a “living wage.” The alignment on the concept, negotiated between workers, employers and governments, was part of the outcome of a week-long expert meeting on wage policies, including living wages.

In recent years, there has been a rise in political pressures on ensuring wage levels that can ensure a decent standard of living and an increase in living wage initiatives and consulting firms, claiming to help companies set correct wage levels. Yet, as reported by the ILO, such initiatives have largely been ignoring the second pillar of wage-setting, namely economic factors. The expert meeting provided clarity on this and underscored that a wage-setting process must take into account both the needs of workers and economic factors.

“We are proud to have reached multilateral alignment on the concept of a ‘living wage,’” said Ewa Staworzynska, director of corporate responsibility and labor affairs at USCIB, who represented American business during the expert meeting, together with Ryan Larsen, group director, international labor relations at Walmart. “In order to set sustainable wages and not disrupt employment levels, it is critical that wage-setting processes couple the estimates of needs of workers with economic factors, such as macroeconomic stability and productivity levels.”

The full conclusions, including the ILO’s description of the concept, is expected to be published in the coming days.

About USCIB
The United States Council for International Business (USCIB) advances the global interests of American business. We do so through advocacy for an open system of world trade, finance, and investment, where business can flourish and contribute to economic growth, human welfare, and environmental protection. We are the sole U.S. affiliate of the International Chamber of Commerce (ICC), Business at OECD (BIAC) and the International Organization of Employers (IOE). USCIB is also the only U.S. business organization with standing at the UN Economic and Social Council (ECOSOC), and is recognized at the UN Environment Program (UNEP), UN Framework Convention on Climate Change (UNFCCC) and the UN Convention on Biological Diversity (UN CBD).

Cross-Atlantic Social Partners Convene to Discuss Jobs for a Green Transition 

Published on February 14, 2024
Ewa Staworzynska (USCIB)

The EU-U.S. Trade and Technology Council (TCC) held a workshop of the Transatlantic Initiative for Sustainable Trade (TIST), titled “Promotion of Good Quality Jobs for a Successful, Just and Inclusive Green Economy,” in Washington DC on January 30. The workshop focused on the promotion of good quality jobs for a successful, just and inclusive green transition. Organizations such as the the International Labor Organization (ILO), Business Europe, AFL-CIO, the European Trade Union Confederation and government agencies from both sides of the Atlantic provided perspectives during the meeting. 

USCIB Director for Corporate Responsibility and Labor Affairs Ewa Staworzynska gave remarks at the workshop, alongside USCIB members Lisa Schroeter (Dow) and Josh Connelly (LinkedIn). Connelly provided relevant data on workforce skilling and the gender gap, highlighting that women are disproportionally impacted by the green transition, due to the lack of parity in the market, especially in the green sector. 

Staworzynska spoke on the issue of supply chain transparency in the context of the green transition, underscoring that supply chain traceability is extremely complex, especially in higher tiers. “American companies have championed supply chain improvements globally, and we count on the U.S. government and the European Union to help sourcing countries tackle root causes of labor risks, such as poverty and informality,” she said. Staworzynska further highlighted that the just transition policies must take into account the realities faced by companies globally in order to be effective. 

“USCIB has had a longstanding engagement at the TCC,” said Staworzynska. “We look forward to highlighting the important work of our members, such as LinkedIn and Dow, and working with the EU and the U.S. to ensure a just and inclusive green transition.”