What is an informal working group?

Informal Working Group Co-Chairs:

  • Antoine Sire, BNP Paribas 
  • Mariuz Calvet, Banorte
  • Rhian-Mari Thomas, Green Finance Institute

Informal Working Group Members:

49 Financial Institutions & Private Firms

  1. AFD: Agence Française de Développement, France
  2. Aggrego Consultores, Brazil
  3. AXA, France
  4. BPCE/Natixis, France
  5. BNP Paribas, France
  6. BP, UK
  7. Banco del Progreso, Alcaldía de Cúcuta, Colombia
  8. Banco Sudameris, Paraguay
  9. Banorte, Mexico
  10. BNDES – Brazilian Development Bank
  11. CAF: Latin America Development Bank
  12. Citi, USA
  13. Credit Suisse, Switzerland
  14. Danske Bank, Denmark
  15. DBS Bank, Singapore
  16. EBRD: European Bank for Reconstruction and Development
  17. EcoAdvisors, Canada
  18. EIB: European Investment Bank
  19. Ernst & Young, USA
  20. FAMA Investimentos, Brazil
  21. FirstRand Group, South Africa
  22. GlaxoSmithKline Plc, UK
  23. H&M, Sweden
  24. HSBC Pollination Climate Asset Management
  25. Iberdrola, Spain
  26. IFC: International Finance Corporation
  27. Impax Asset Management, UK
  28. ISS ESG: Institutional Shareholder Services Inc, USA
  29. JBS
  30. Kering
  31. KPMG
  32. Lloyds Banking Group, UK
  33. Manulife Investment Management
  34. Maua Capital, Brazil
  35. Mirova, France
  36. NatWest Group, UK
  37. Pimco, USA
  38. Rabobank, Netherlands
  39. Raiffeisen Switzerland
  40. Reckitt Benckiser, UK
  41. Rio Tinto
  42. Robeco, The Netherlands
  43. Standard Chartered, UK
  44. Storebrand Asset Management, Norway
  45. Sumitomo Mitsui Trust Asset Management, Japan
  46. Tesco, UK
  47. Wells Fargo Asset Management, US
  48. World Bank
  49. Yes Bank Limited, India

8 Governments & Regulatory/Supervisory Bodies

  1. CNBV: Comisión Nacional Bancaria y de Valores, México
  2. COFEMA: Federal Council for the Environment of Argentina
  3. Government of France
  4. Government of the Netherlands
  5. Government of Peru
  6. Government of Switzerland
  7. Government of the United Kingdom
  8. RBA: Retirement Benefits Authority, Kenya

18 Think Tanks & Consortia

  1. CEBDS: Brazilian Business Council for Sustainable Development
  2. CDSB: Climate Disclosure Standards Board
  3. CBD: Convention on Biological Diversity
  4. CEDAF, Domincan Republic
  5. CIFAL Argentina
  6. Ecoacsa, Spain
  7. FC4S: Financial Centers for Sustainability
  8. SIF: Sustainable Insurance Forum
  9. Finance for Tomorrow
  10. GEF: Global Environment Facility
  11. GFI: Green Finance Institute
  12. IIF: Institute of International Finance
  13. IIGF: International Institute of Green Finance, China
  14. OECD: Organisation for Economic Co-operation and Development
  15. PRI: Principles for Responsible Investment
  16. SusCon Japan
  17. WBCSD: World Business Council for Sustainable Development
  18. WEF: World Economic Forum

 

UPDATE: Explore the emerging recommendations and key messages from the Informal Working Groups.

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To ensure that strong messages and concrete recommendations were presented in the three Stockholm+50 Leadership Dialogues, Informal Working Groups were established for each of the three themes to guide the work leading up to the international meeting. This process aimed to reinforce the bottom-up co-creation processes for the Leadership Dialogues.

Explore the Leadership Dialogues

Engagement in the Informal Working Groups

The Informal Working Groups consisted of representatives from relevant Member States, UN agencies, as well as relevant representatives from stakeholder groups, including youth, business and industry, Indigenous Peoples, local authorities, NGOs, the scientific and technological community, women, and faith-based groups. The participants were expected to have expertise and/or experience in the respective themes and to liaise with their peers and constituents to provide input and feedback to the working groups.

Explore:

Humans are social beings. We all feel the need to identify with groups. Most of us belong to formal groups -- work, church, clubs and trade associations, for example. But within all of these are informal groups -- people who connect and form a subculture within the overall organization. The impact of informal groups can be great -- either for or against the mission of your organization.

Informal Groups

You have probably seen some informal groups in your small business. There are people who have lunch together, carpool and play together and maybe work together. These informal groups emerge for a variety or reasons -- common interests, language or other personal relationships. Workers who have been assigned to another location frequently maintain informal relationships with their former coworkers. Informal groups maintain "the grapevine" in your business that communicates quicker and often more effectively than formal corporate memos.

Productive Groups

Informal groups are effective in maintaining your corporate culture. Informal groups cross organizational structure and can facilitate getting work done more quickly. "I used to work with Joe in the other division. Let's see if he can expedite..." is the sort of informal line of communication that can bypass corporate hierarchy. This appears in small businesses as well as large ones. Informal groups also provide a support structure for workers under adverse conditions. Whether you have a seasonal rush requiring overtime or a challenging work environment, the support that workers provide each other augments formal structures.

recognition.

Counterproductive Groups

Group pressure to conform to production standards can have a negative effect if the group's performance norms are lower than what your company expects. The group may have its own work standards about “breaking the curve” by producing too much or understandings between members about not telling management anything that would be detrimental to another group member. Informal groups are very effective in punishing workers who violate the group's standard. Sarcasm, hiding tools and other forms of gentle harassment can give way to sabotage and other criminal acts if the violation of group norms is considered to be severe enough.

Working With Informal Groups

Your employees may not act as you expect. While your employee handbook lays out the general rules and job descriptions specify certain tasks, the actual work environment may be different. Your employees see things from a different perspective. Thy have different attitudes, form relationships not prescribed by the organization chart and may have different working habits. They may find shortcuts to speed up the work flow. To make your small business thrive, you must identify the informal group relationships and embrace those that work while defusing those that do not. The success of Starbucks in transitioning from a small business to an international giant has been credited in part to the corporate culture created by the informal group structure.

References

Writer Bio

Thomas Metcalf has worked as an economist, stockbroker and technology salesman. A writer since 1997, he has written a monthly column for "Life Association News," authored several books and contributed to national publications such as the History Channel's "HISTORY Magazine." Metcalf holds a master's degree in economics from Tufts University.

Image Credit

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Which is an example of informal groups?

Members of the sales team join every day for lunch with the human resource team. Another example of such informal groups is that sales team personnel help tech development employees to figure out the requirements of the product.

What is a formal work group?

A formal workgroup is generally formed pursuant to the directive of superiors or part of an organizational hierarchy. A formal group has a defined purpose that is understood by the group. In an organization, the objectives of a group are to further the organizational objectives.

What makes a group informal?

Groups created by the organization, for the purpose of accomplishing a specific task are known as Formal Groups. Groups created by the employees themselves, for their own sake are known as Informal Groups.

What are formal and informal groups?

Formal groups are formulated when two or more members of an organization are assembled by the management with the purpose of achieving a specific goal. Informal groups are formed by two or more members with the purpose of satisfying their personal and psychological needs.