Leading global law firm Baker McKenzie has released its 2020 Global Sustainability Report Communication on Progress, demonstrating many of the ways in which the Firm continues to support the UN Global Compact in the past year.
The UN Sustainability Development Goals (SDGs) have quickly become the world’s collective plan for solving the biggest current issues. Crucially, they provide business with an opportunity for re-imagining their core products and services to help address global needs.
Last year, Baker McKenzie conducted a global materiality assessment to identify which of the 17 UN Sustainable Development Goals (SDGs) to prioritize and embed in the Firm's sustainable business strategy. This involved surveying over 1400 internal and external stakeholders worldwide to understand which Environmental, Social and Governance issues matter most to the Firm's people, clients and the wider community.
Milton Cheng, Global Chair, comments: "For us, the SDGs provide a ready framework to inspire our people and partner with like-minded organizations, including our clients, to increase our positive impact. But equally important is the opportunity the SDGs provide us for living up to our ideals as The New Lawyers; diverse global citizens who recognize that helping our clients navigate an increasingly complex world requires a new type of thinking."
The report explains the findings of the assessment, the Firm's progress on demonstrating many of the ways in which the UN Global Compact goals have been supported in the past year and the Firm's commitment to the SDGs for the future.
"We recognize how our business impacts people, the environment, communities and wider society and we have a duty to not only respond, but have a lasting positive impact," notes Milton.