CyberRighTech SDG Evaluation

INTRODUCTION

The first publication focusing on the contribution of Cobwebs to the United Nations Sustainable Development Goals (SDGs).

2020 has brought with it critical global challenges and illustrated the level of cooperation needed for the promotion of a sustainable and resilient path for humanity.

The Covid-19 pandemic, alongside its economic and social implication, has made it clearer than ever before that businesses must step up and play a role in solving global problems.

In accordance with the times, Cobwebs Technologies has taken upon itself the commitment to do business responsibly and to actively work towards the achievement of the United Nation’s Sustainable Development Goals.

As a pilot, we implemented the CRT SDG Evaluation as a first step to comprehensively analyze our SDG exposure. This assessment represents our first deep dive and quantitative analysis of CRT SDG exposure.

The results confirm much of what we expected and also identify new considerations and focus areas for further analysis. While the evaluation provides valuable first insights, we do not see it as being a fully developed approach to measure our SDG impacts.

We strongly believe that all businesses stand to benefit by reviewing their SDG impacts and enabling greater potential contributions.

Here at Cobwebs, we will continue to explore how we can contribute to the SDGs. We also encourage our industry peers and others to work together, with us, to promote
cross-sector collaboration that will improve transparency on the SDGs and help shape comprehensive strategies to ensure their success.

THE SDG

The UN’s global SDGs are a universal call to action to end poverty, protect the planet and improve global political and economic stability. Through 17 bold commitments and 169 sub-targets, the goals seek to drive global action across social, environmental and economic development issues up until 2030. Each goal is interlinked, and they influence each other in many ways.

Since they were launched in 2015, the SDGs have come to represent a global call to action for stakeholders from all countries to address the greatest barriers facing society. Adopted by all 193 UN Member States, they provide the first ever globally consistent framework that unites governments, businesses and civil society to deliver positive change.

Businesses have a key role to play and the SDGs have provided a global platform for increasing stakeholder awareness of companies’ impacts on society. However, while they are an important tool for improving transparency and benchmarking, the SDGs were originally intended to support countries’ sustainable development.

Little to no guidance was available when they were launched on how businesses should measure and report on their SDG impacts.

As a result, companies have struggled to consistently translate the SDGs into tangible business activity. New guidance has emerged in recent years, including guidelines published in 2017 by the UN Global Compact and GRI on Business Reporting on the SDGs.

2018 also saw the launch of the World Benchmarking Alliance which aims to identify consistent benchmarks as an essential tool for measuring and comparing corporate performance on the SDGs.

Find out more about the UN Sustainable Development Goals.

Cobwebs Technologies
and the SDGs

The UN’s global SDGs are a universal call to action to end poverty, protect the planet and improve global political and economic stability. Through 17 bold commitments and 169 sub-targets, the goals seek to drive global action across social, environmental and economic development issues up until 2030. Each goal is interlinked, and they influence each other in many ways.

This year, Cobwebs Technologies conducted an in-depth analysis process of our activities and internal policies as they relate to the 17 SDG. We looked at possible positive and negative impacts, both direct and indirect in order to assure full alignment with the SDGs. This process helped us identify and prioritize goals and specific targets, based on where we could make the most impact and achieve the most progress.

Promote Peaceful and Inclusive Societies for Sustainable Development, Provide Access to Justice for All, and Build Effective, Accountable and Inclusive Institutions at All Levels

Ensure Healthy Lives and Promote Well-Being for All of All Ages

Achieve gender equality and empower all women and girls

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Take Urgent Action to Combat Climate Change and Its Impacts

Cobwebs’ Prioritized SDGs

Promote Peaceful and Inclusive Societies for Sustainable Development, Provide Access to Justice for All, and Build Effective, Accountable and Inclusive Institutions at All Levels

For Cobwebs Technologies, promoting a peaceful and just world means first and foremost the embedding of human rights in our own practice as part of the notion that every person has the right to be treated with dignity.

While Cobwebs Technologies’ products are geared at promoting safe societies, we acknowledge the potential threats our products could pose to individual rights, as well as our responsibility to respect and uphold human rights.

Keeping that in mind, Cobwebs Technologies underwent a rigorous due diligence process by CybeRighTech and developed a comprehensive human rights policy for all relevant departments, including product development, sales, contractual arrangements and auditing mechanisms.

Through this process we were able to identify and mitigate risks of rights infringements and, commit ourselves to values of accountability and transparency.

Our WEBINT academy offers free seminars and webinars accessible to individuals and organizations worldwide on issues including how to combat trafficking in persons on the dark web, financial crime investigations, and more.

From a national institution perspective, Cobwebs Technologies’ products strengthen financial institutions, providing them with automated and enhanced due diligence and anti-money-laundering practices.

Furthermore, through our WEBINT academy we conduct webinars targeted towards law enforcement institutions and national security agencies related to operational security and protection from data breaches to prevent and mitigate potential violations of privacy or rights.

Prioritized targets:

16.1 Reduce all forms of violence and related death rates

16.2 End the abuse, exploitation, trafficking and torture of children

16.4 Reduce illicit financial revenue and arms trafficking

16.a Strengthen relevant national institutions’ capacity to prevent violence and combat terrorism and crime

Ensure Healthy Lives and Promote Well-Being for All of All Ages

Cobwebs Technology’s commitment to making the world a safer place through technology includes assuring the health and well-being of all people. Through its products, Cobwebs Technologies seeks to protect society at large from health threats using web data collection and analysis.

Following the outbreak of the COVID-19 global pandemic, Cobwebs Technologies saw an opportunity to utilize its advanced investigative artificial intelligence-based technological solutions to limit the spread of the COVID-19 virus and its deleterious effects on societies and economies.

Cobwebs Technologies developed a monitoring tool with predictive abilities and has been collaborating with governmental authorities worldwide to develop models of potential spreads, identify hotspots and support policymaking to curb the pandemic – all while using non-intrusive and privacy-respecting holistic solutions.

Cobwebs Technologies has also put measures in place to ensure the health and safety of its employees worldwide, including the appointment of an officer responsible for following local laws and regulations at all of our facilities, increasing teleworking capabilities, and implementing a strict office hygiene policy.

Prioritized targets:
3.3 Prevent the spread of epidemics and communicable diseases.
3.d Strengthen capacity to handle national and global health risks.

Achieve gender equality and empower all women and girls Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The field of cybersecurity suffers from underrepresentation of women and minorities, with the share of women in the sector being approximately 20%. Cobwebs Technologies stands in support of gender equality and recognizes the importance of women in mitigating cybersecurity risks. Women at Cobwebs Technologies represent 33% of our workforce, including women in managerial and head of department roles.

This Principle applies to all aspects of the employment relationship, including recruiting, hiring, training, work assignment, promotion, transfer, termination, and wage and salary administration.

We offer career development opportunities to all of our employees, including by helping fund employees’ continuing higher education and enhancing their leadership skills.

Employment opportunities at Cobwebs Technologies are available regardless of race, color, sex, religion, national origin, age, sexual orientation, marital status, pregnancy, political affiliation, disability or other legally protected status.

Our Code of Ethics and Business Conduct emphasizes our commitment to a work environment free of discrimination or harassment, including sexual harassment, and employees can report incidents to a designated person in the company.

Prioritized targets:

5.1 End discrimination against all women and girls everywhere.

5.2 Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation.

5.5 Ensure women’s participation and equal opportunities for leadership at all levels of decision-making.

8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.

Take Urgent Action to Combat Climate Change and Its Impacts

Cobwebs Technologies is committed to complying with environmental, health, and safety laws and regulations.

We are committed to minimizing the environmental impact of our business through selecting technological solutions that reduce energy consumption and environmental footprint, promoting efficient energy use in all areas of business activity, considering alternatives to business travel, and ensuring staff are aware of their impact on the environment.

We have undertaken several efforts to minimize our own negative environmental impact. Moving our software solutions to secure cloud operations, for instance, has minimized our carbon footprint drastically while also providing our clients with cybersecurity peace of mind and ease of use and access.

Prioritized targets:
13.2
Integrate climate change measures into national policies, strategies and planning