A Memorandum of Understanding (MOU) was signed between the consortium consisting of Mauritius Institute of Directors (MIOD) and ELIA – Ecological Living In Action Ltd (ELIA), and the World Business Council for Sustainable Development (WBCSD) on 20 June 2014. The MBCSD is currently in the process of being set up as a legal entity.
The MIOD was incorporated on 18 January 2008 as a not for profit company, primarily to advance corporate governance in Mauritius by establishing a professional forum for directors and managers within the public and private sectors and to provide services to members that will enhance and facilitate their development for the ultimate benefit of the community at large. It has over 920 individual members who represent a cross section of the business community in Mauritius and come from all sectors, but with a larger number from the Financial Services and Business & Professional Services sectors. The MIOD also has 42 corporate patrons who represent the top private and public companies in Mauritius in the key sectors of activity.
The scope of the MBCSD is to:
- Meet regularly to discuss sustainability issues, and the impacts for business as well as the roles and responsibilities that business in Mauritius can take to provide leadership for sustainability.
- Produce research papers on the subject of sustainable development.
- Produce guidance notes and disseminate best practice guidelines to assist entities in Mauritius to adopt sustainable business practices.
- Initiate public workshops, training workshops and discussion forums on sustainable development.
- Encourage the development and implementation of sustainable business solutions in Mauritius.
Building the Business Case
- The MIOD-ELIA partnership has developed a course on Introduction for Corporate Sustainability that is accredited with the Mauritius Qualifications Authority (MQA) and is provided two times a year as part of MIOD’s Director Development Programme. The one-day training covers the business case for sustainability; ecological footprint analysis for sustainability monitoring and evaluation; and corporate sustainability reporting frameworks. The introductory training course also covers Vision 2050 and Action2020 of the WBCSD.
- Action2020-related Activities
Because the MBCSD is only nascent, activities related to Action2020 are currently under development.
- MIOD and ELIA have been advocating for climate change (mitigation and adaptation) over the past 6 years in public and private sector forums, as well as in schools and for NGOs.
- ELIA was the Team Leader on the GEF-funded Technology Needs Assessment (TNA) project in Mauritius that covered both mitigation and adaptation.
- It also developed national Climate Change projects such as (1) Africa Adaptation Programme – Mauritius; and (2) Third National Communication/National Inventory Report (2014 – 2016); (3) standardized GHG emissions baseline for the national grid; (4) Scope 1, 2 & 3 accounting for the private sector (including capacity building).
- The main focus for the organisation so far has been on Integrated Sustainability Reporting.
- See “Activities” section above – offers training in ecological footprint analysis for sustainability monitoring and evaluation, and corporate sustainability reporting frameworks.
- Organises training and supports companies to carry out Integrated Sustainability Reporting using the GRI G4 guidelines.
- Government Engagement and External Collaboration
- The MIOD and ELIA advocate for public policies and regulatory framework for corporate governance and corporate sustainability through participation in various technical sub-committees established under the Ministry of Finance and Economic Development to review the Corporate Code of Governance.
- Technical assistance to develop the Stock Exchange of Mauritius (SEM) Sustainability Index (SI) that is being piloted.
- The MIOD-ELIA consortium is in the process of signing a MOU to become an accredited training centre of the Global Reporting Initiative (GRI) in view of pursuing Integrated Sustainability reporting;
- The MIOD, in collaboration with the Institute of Directors Southern Africa, has spearheaded the setting up of an African Corporate Governance Network (ACGN) that currently consists of 11 members from Sub-Saharan Africa (Kenya, Mauritius, Malawi, Morocco, Mozambique, Nigeria, South Africa, Tanzania, Uganda, Zambia, Zimbabwe);
- MIOD-ELIA is partnering with the EU-funded regional programme ISLANDS of the Indian Ocean Commission to demonstrate partnerships for promoting private sector sustainability at the forthcoming 3rd UN Small Islands Developing States (SIDS) Conference, Apia, Samoa, August-September 2014.
- Collaboration with Global Network Partners
- Discussions are ongoing with South Africa to seek its support to operationalise the MBCSD.
- Preliminary discussions are also underway to set up a network of the 6 Regional Networks in Sub-Saharan Africa.
Global Network Collaboration