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Deloitte takes immense pride in its long-standing partnership with the B20 , having contributed to six editions as a Knowledge Partner of different Task Forces . This unwavering commitment highlights Deloitte ’ s dedication to influencing impactful policies within the G20 / B20 framework and advancing ethical business practices . In this edition , Deloitte had the honor of being the Knowledge Partner for two Task Forces : Integrity and Compliance , and Finance and Infrastructure .
Global Trends Shaping Integrity and Compliance The challenges facing the business world are evolving and the B20 ’ s recommendations need to reflect this shift . Recently , there has been a transition from a regulatory-driven compliance approach to one that emphasizes proactive , inclusive , and sustainability-focused measures . Key global trends influencing this year ’ s B20 Integrity and Compliance recommendations include the growing role of technology , the environmental agenda , and the necessity of ethical leadership .
First , corruption ’ s impact on environmental sustainability has emerged as a critical issue . Interpol reports that environmental crime has become the third most lucrative industry for transnational organized crime , generating up to USD 280 billion 2 a year . Corruption in this area diverts much-needed investments for climate resilience , with the World Bank estimating annual economic losses at USD 1-2 trillion 3 . Addressing these crimes is not only a moral imperative but also an economic necessity .
Moreover , companies are grappling with the complexities of building sustainable and resilient supply chains . While there is growing awareness and investment in sustainability , the lack of standardized data on sustainable practices makes it challenging for businesses to assess risks and make informed decisions . Converging these frameworks is key to creating a more
2 Interpol , Organized crime groups pushing environmental security to tipping point . www . interpol . int
3 World Bank , “ The real costs of illegal logging , fishing and wildlife trade : $ 1 trillion - $ 2 trillion per year ” blogs . worldbank . org