As the global financial sector wrapped up the International Conference on Financing for Development (FfD4) in Seville, Spain, last week, the stakes and the opportunities have never been higher. From mounting global crises to an ever-widening SDG financing gap, this pivotal event represented a call to action for the private sector, especially finance leaders, to align capital with purpose and unlock sustainable prosperity.

The Fourth International Conference on Financing for Development (FfD4) is a critical chance to mobilize the investments needed to achieve the Sustainable Development Goals (SDGs) before it’s too late.

Three takeaways from the International Conference on Financing for Development

1. Purpose drives profit
   We need bold, collective action to mobilize private capital at scale, especially for developing countries. By aligning corporate finance with the SDGs and adopting credible KPIs, businesses can be a powerful force in closing the $2.5 trillion annual financing gap and delivering measurable impact.
2. The private sector is not on the sidelines — it’s shaping financial markets
   Through initiatives like the CFO Coalition for the SDGs and Forward Faster, companies are issuing billions in sustainable finance and embedding ESG (Environmental, Social, and Governance) into core operations. We must now scale blended finance and outcome-based instruments to de-risk investment and accelerate systemic change.
3. Reform must be inclusive and transparent
   To build resilient economies, we need reimagined global financial systems that work for low- and middle-income countries. That includes fairer debt resolution, more equitable SDR allocation and public–private collaboration that centers on accountability, innovation and shared prosperity.

A pivotal moment to build global cooperation

The world faces a convergence of crises, and the stakes are high. Rising debt burdens, declining aid budgets, growing trade barriers and an uncertain economic outlook are growing concerns. Even before these recent challenges, progress toward the SDGs was off track.

Today, the SDG financing gap has grown to an estimated $4 trillion annually. At the same time, from humanitarian crises to escalating climate disasters, the cost of inaction continues to rise. FfD4 offers the rare and urgent opportunity to mobilize for action.

As market demand for sustainable investment has increased notably in the last two decades, the unique role of the United Nations in convening and catalyzing finance has only become clearer. Since the Monterrey Consensus of 2002, the UN has provided a platform for more inclusive and transparent global financial discussions, shifting the focus from aid alone to a broader, integrated framework that includes public and private investment, trade and technology.

The business case for FfD4: finance as a force for transformation

With a $2.5 trillion SDG financing gap, companies, investors, financial institutions and relevant stakeholders must find a way to realign around the following priorities:

• Policy direction that shapes sustainable markets
  
• Strategic partnerships with multilateral banks, governments and civil society
  
• New instruments and incentives, including blended finance mechanisms that unlock new markets and de-risk investments
  
• Signal leadership by aligning corporate finance with SDGs, climate priorities and just transition pathways

Businesses that move Forward Faster on sustainability are already tapping into green tech, inclusive finance, clean energy and healthy business models.

FfD4 also recently hosted the International Business Forum, designed to unlock private sector solutions and finance. In parallel, hundreds of events gathered stakeholders from every sector, from grassroots organizations to multinational institutions. At FfD4, many collaborated to co-create solutions around food security, access to clean water, climate resilience and public health. One fact remains abundantly clear: how we finance development determines whether we can build a fair, safe and sustainable future.

“Those that rise to this moment will not only rescue global development but also secure a decisive edge in the sustainable economy of tomorrow” writes CEO and Executive Director of the UN Global Compact Sanda Ojiambo in Reuters.

At stake is not just how we finance development, but how we rebuild trust, restore equity and reignite global cooperation. The path to 2030 runs through FfD4, and success will depend on leaders acting decisively, the willingness of stakeholders to collaborate and the recognition that sustainable development is worth financing. Now is the time to deliver together.

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Mexico City, Mexico

The United Nations Global Compact commemorated the successful conclusion of its 15-year Anti-Corruption Collective Action (ACCA) initiative at a special two-day event held on June 26–27. Funded since its inception in 2010 by the Siemens Integrity Initiative, the project commemorated a remarkable journey of promoting business integrity and combating corruption across the globe.

The event brought together a diverse group of more than 100 leaders from business, Government, international organizations, academia and civil society, hosted in collaboration with UN Global Compact Country Networks Mexico and Brazil. Discussions highlighted powerful achievements and valuable insights derived from ACCA initiatives implemented by 13 Global Compact Country Networks.

A cornerstone of the event was the launch of the comprehensive legacy report, 15 Years of Collective Action: Stories of Integrity from the Private Sector. The report captures global impacts through compelling narratives that vividly illustrate how cross-sector collaboration has tangibly transformed business practices, enhanced transparency and fostered ethical leadership worldwide.

Sanda Ojiambo, CEO & Executive Director of the UN Global Compact, stated: “The Anti-Corruption Collective Action initiative has proven that integrity is not just good ethics — it's good business. Corruption erodes trust, weakens institutions and hampers sustainable development. Collective Action has demonstrated its power to align companies, Governments and civil society behind a shared vision of transparency and accountability. As we commemorate these successes, we reaffirm our call for continued collaboration to sustain momentum towards a more equitable and ethical global economy.”

Key highlights from the event and legacy report include:

1. Collective Action as a Driver of Sustainable Development: The ACCA initiative underscored the vital role of collaboration in achieving the Sustainable Development Goals, particularly SDG 16 on peace, justice and strong institutions. Participants reiterated how partnerships have multiplied individual efforts, creating lasting improvements in governance and corporate responsibility.

2. Impact through Storytelling: By harnessing the power of storytelling, the legacy report connects audiences to the real-world impacts of anti-corruption efforts. Personal accounts from business executives, community leaders and stakeholders offer insights into how ethical practices have reshaped corporate cultures and communities, making the case for continued global cooperation.

3. Ongoing Commitment to Transparency and Integrity: Recognizing the enduring importance of Collective Action, participants highlighted the need for continued engagement and knowledge sharing. The event also spotlighted resources such as the Uniting against Corruption: A Playbook on Anti-Corruption Collective Action, the ACCA e-learning course and the Doing Business with Integrity course designed to foster transparency and guide future initiatives.

The report features stories organized by key themes, including Engaging the Next Generation of Ethical Leaders, Harnessing Digital Technology for Transparency, and more. Each theme is illustrated with real-world examples of how the project strengthens good governance, builds trust and promotes business integrity in various sectors globally.

The UN Global Compact, as a leading voice in Collective Action, has consistently emphasized the importance of collaboration across sectors to combat corruption and promote integrity. ACCA has catalyzed widespread change and established Collective Action as a vital framework for addressing complex global challenges like corruption. Looking ahead, the UN Global Compact calls on companies worldwide to join forces in scaling up anti-corruption efforts.

Download the 15 Years of Collective Action: Stories of Integrity from the Private Sector to learn more about the progress made since 2010 by the Siemens-backed Anti-Corruption Collective Action (ACCA) project of the UN Global Compact. With stories from 13 different countries across Africa, Asia, Europe and Latin America, the ACCA Legacy Report serves as a testament to how trusted private sector partnerships can transform industries, drive long-term success and protect people.

For more information on Anti-Corruption Collective Action, visit the https://acca.unglobalcompact.org/

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 64 Country Networks covering 85 countries and 9 Country Managers establishing Networks in 16 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.

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New York, United States of America

The UN Global Compact today launched the Coalition for Sustainable Procurement, a groundbreaking initiative to elevate procurement as a central lever for advancing sustainable business and driving business value and competitiveness. Anchored in the UN Global Compact’s Sustainable Supply Chains & SMEs Programme, the Coalition brings together companies committed to embedding sustainability across their procurement practices — ensuring that supply chains are not only more efficient, but also more equitable, inclusive and resilient.

Procurement remains one of the most powerful — yet underutilized — functions in shaping corporate sustainability. Despite growing recognition of the need for responsible business, procurement is often siloed from broader sustainability efforts. Yet when sustainability is fully integrated into procurement, it not only drives cost efficiency but also opens up new revenue streams — creating a financial multiplier that underscores the strategic value of sustainable sourcing. The Coalition aims to bridge this gap by convening Chief Procurement Officers (CPOs), Chief Sustainability Officers (CSOs) and public sector leaders to collectively shape a future in which procurement is fully aligned with the Sustainable Development Goals (SDGs).

"The Coalition for Sustainable Procurement is not just about changing supply chains — it’s about changing systems," said Sanda Ojiambo, CEO and Executive Director of the UN Global Compact. "By putting sustainability at the heart of sourcing decisions, we can drive transformation across entire industries and geographies. This Coalition will be a powerful platform to elevate procurement leaders as sustainability champions and ensure that even the smallest suppliers are part of a just and inclusive global economy."

The founding member companies will be announced during a high-level dialogue on 25 September 2025 at the iconic Chrysler Building in New York. The flagship event will gather CPOs, CSOs, and ministers to identify shared challenges, opportunities, and pathways for strengthening sustainable procurement practices. This public-private roundtable will mark the first in a series of engagements designed to accelerate knowledge sharing, foster innovation and drive action across corporate supply networks.

In its inaugural year, the Coalition will release a State of Sustainable Procurement analysis, build a practical framework for sustainable procurement and co-create guidance and tools for implementation. It will also formally engage ecosystem partners — including policy makers, UN agencies, industry platforms and civil society organizations — to deepen collaboration and align efforts for systemic impact.

While the Coalition is mobilizing leadership from key industries and strategic supply chains, it is equally committed to fostering inclusive participation across sectors and company sizes. As part of its mission to engage 100,000 businesses by 2030, the Coalition will work closely with SMEs and suppliers, ensuring they have access to the tools, knowledge and opportunities needed to thrive in a sustainable economy.

Organizations interested in supporting or learning more about the Coalition for Sustainable Procurement are welcome to reach out to the UN Global Compact Sustainable Supply Chains & SMEs Team at supplychainsandsmes@unglobalcompact.org.

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org.

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Every June 19th, organizations across the country commemorate Juneteenth, the day in 1865 when the final group of enslaved Black Americans in Texas learned of their freedom, two and a half years after the Emancipation Proclamation. While it’s a historical milestone, Juneteenth also offers an enduring lesson for our time: change doesn’t end with policy. The real, lasting impact happens in what comes afterward.

Systemic inequities in our environment will not disappear without intentional action. Addressing these inequities is not just an ethical imperative; it also drives business success. A report by McKinsey & Company found that businesses with gender-diverse leadership teams are 25% more likely to achieve above-average profitability, while those with various perspectives at the executive level see a 36% higher likelihood of financial success.

Leaders have the opportunity to build teams that reflect varied experiences and actively address longstanding barriers that have limited access to talent from underrepresented groups. The business case is clear: initiatives focused on anti-discrimination enhance creativity and innovation, broaden talent attraction and retention, and increase employee engagement.  

Still, companies must navigate significant challenges to reap these benefits fully. A new law, initiative, or company policy may signal progress. However, the day-to-day decisions, resource allocations, and cultural shifts determine whether those ideals translate into meaningful outcomes. Understanding these challenges—and finding solutions—requires looking at history. Juneteenth is a reminder that policy alone won’t close gaps. Action will.  

How Examples of the Past Shape Our Future  

The National Civil Rights Museum (NCRM), through programs such as the C-Suite Initiative and immersive exhibits, connects historical movements for fairness and justice to the challenges we continue to face today.  

UN Global Compact Network USA staff visited the institution located at the historic Loraine Motel for an intensive two-day offsite strategy session. During this time, staff could explore historical examples of progress through action and pull from those lessons to shape future strategic initiatives.  

In 2021, in the wake of George Floyd’s untimely death and a nationwide period of reflection that prompted the reevaluation of workplace culture, policies, and leadership practices, the National Civil Rights Museum launched a sustainable initiative focused on addressing this pivotal moment. The Corporate Equity Center was established as a dedicated arm of the museum, bridging its deep historical insight with the pressing need for strategic, culturally informed change. Focused on equipping and empowering leaders, the Center works to confront bias, dismantle systemic barriers, and strengthen leadership pipelines at the highest levels.  

Engaging with history offers a powerful lens to examine systemic inequities, address internal barriers to growth, and drive accountability at every level. History becomes a lesson and a catalyst, transforming how leaders think, lead, and measure progress toward a more sustainable future.  

The CEC’s message is simple: exploring and addressing these barriers is essential to operational strength and long-term competitiveness that opens the door to meaningful and measurable results.  

Actionable Steps to Lead Beyond Commitments  

The National Civil Rights Museum is a powerful reminder that history is not behind us but with us. Policies will continue to evolve and set precedent, but it’s never sufficient alone. The American private sector has the opportunity and, increasingly, the influence—to lead with intention in bridging the gap between commitments and progress.  

The UN Global Compact Network USA is committed to providing companies with tools and resources to advance human rights across operations, supply chains, and beyond.

Notably, its Business and Human Rights Accelerator has and continues to help leaders assess risks, develop mitigation strategies, engage stakeholders, and connect with experts to advance human rights due diligence. Meanwhile, the Business and Human Rights Peer Learning Group provides a confidential space for companies to exchange best practices in addressing current challenges, collaborate on sustainability issues, and gain insights from industry leaders in a trust-based environment.  

Whether through the structured learning of the accelerator or the collaborative exchange in the Peer Learning Group, businesses gain the knowledge, tools, and network needed to drive impactful change. These initiatives empower companies to embed human rights into their operations, strengthen due diligence processes, and lead the way in responsible business practices.  

This Juneteenth, let us use history not as a retrospective but to influence our strategic roadmap. One that serves as a reminder that all isn’t finished when the ink dries. It’s built on consistency and accountability in every choice we make afterward.  

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Meta’s Former Head of ESG to Steer the U.S. Chapter of the World’s Largest Corporate Sustainability Initiative  

New York, NY – June 16, 2025 – Amanda Gardiner has been appointed Executive Director of the UN Global Compact Network USA (Network USA), the American chapter of the world's largest corporate sustainability initiative, by its Board of Directors.  

Gardiner, a social impact leader whose career spans over two decades, has successfully led efforts to integrate sustainability into core business strategies and operations. Most recently, she served as the first Head of ESG at Meta, driving strategy and implementation efforts at a transformative time in the technology sector. Prior to Meta, Gardiner led corporate responsibility at both Verizon and Pearson, advising their boards and C-suites on embedding sustainability and social impact into business practices.  

“After an extensive recruitment process and thoughtful deliberation, we are thrilled to welcome Amanda as the next Executive Director of UN Global Compact Network USA,” said Ann Tracy, Network USA Board Chair and Chief Sustainability Officer at Colgate-Palmolive Company. “Her experience, strategic insight, collaborative leadership style, and deep understanding of the sustainability landscape made her the clear choice to guide the organization into its next phase of growth and engagement for all our current and future participants.”  

With participants representing more than 18% of U.S. GDP, Network USA has elevated its corporate programs, grown its team, and steadily expanded its network to nearly 1,000 signatories. Gardiner’s appointment marks an inflection point as the organization seeks to enhance its programmatic offerings and establish deeper engagement with the U.S. private sector in driving the Ten Principles of the United Nations Global Compact forward.  

“At this defining moment for business and sustainability globally, Network USA’s role in supporting U.S. companies in a rapidly evolving and interconnected landscape is more important than ever,” said Gardiner. “It is an honor to take on this position, and I look forward to working with our network participants, Board, and staff to advance sustainability initiatives, accelerate progress, and shape the future of responsible business leadership.”  

Her appointment comes at a milestone moment for the UN Global Compact, which celebrates its 25th anniversary in 2025. Focused on elevating the leadership of the U.S. private sector, Network USA supports companies on their sustainability journeys while fueling operational resilience, innovation, and business growth. By delivering actionable resources and guidance, Network USA puts American businesses at the forefront of global sustainability, reinforcing their role as leaders in responsible business.  ‍

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About UN Global Compact Network USA  

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater UN, Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit www.globaccompactusa.org.  

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Contact

Jessica Tuquero  

Head of Communications & Operations  

UN Global Compact Network USA  

+1 (646) 573-7377  

jessica@globalcompactusa.org

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New York, United States of America

In a joint Business Call to Action, more than 80 businesses and supporting organisations from 25 countries, including 55 businesses representing over €600 billion in turnover and 2 million employees, have urgently called upon both private and public decision-makers to strengthen global cooperation and accelerate action to conserve and sustainably use the ocean.

Driven by an unprecedented group of leading business networks, this call comes ahead of the upcoming United Nations Ocean Conference in Nice. It builds on the proven experience of leading businesses and organisations already championing a sustainable blue economy. It underscores the vital, interconnected role of land and sea, in achieving the Sustainable Development Goals. The Business Call to Action is directed at all economic actors, whether directly or indirectly connected to the ocean. It includes:

• A call to businesses to accelerate action on maintaining ocean health through various business initiatives, such as contributions to ocean science, monitoring and reducing environmental impacts, incorporating ocean considerations into their climate and nature roadmaps and investing in blue solutions.
• A call to policy makers to pursue ambitious science-driven policies and measures that stimulate sustainable business action and to jointly address land and ocean for enhanced global resilience

With this Business Call to Action, companies and business networks urge policymakers to:

• agree on, adopt and implement international agreements: champion strong, sustainable outcomes for existing and upcoming ocean-related agreements,
• invest in ocean science and support strong science-policy interfaces,
• acknowledge and embed into policies the links between ocean, nature and climate,
• help all actors to collectively adapt to sea-level rise,
• develop robust and innovative finance mechanisms,
• raise awareness to encourage all actors to care for the ocean, even those based on land.

The Business Call to Action is convened by global and leading business networks including International Chamber of Commerce (ICC), United Nations Global Compact (UNGC), World Economic Forum (WEF), We Mean Business Coalition (WMB), Business for Nature (BfN), Mouvement des Entreprises de France (MEDEF), UN Global Compact Network France and Association française des Entreprises pour l’Environnement (EpE).

Quotes from business leaders

Ulrike Decoene, Groupe Chief Communication, Brand and Sustainability officer - AXA, France
“Oceans play a vital role as climate regulators, but they are now facing critical challenges. Biodiversity loss, plastic pollution, acidification, and rising sea levels threatening coastal communities: these are significant risks we must address. As an insurer long committed to combating climate change, AXA is naturally joining the Business Call to Action to encourage public and private stakeholders to work together in designing innovative solutions, thereby fostering a more ocean-friendly economic model.”

Ingrid Reumert, Senior Vice President of Global Stakeholder Relations - Orsted - Denmark
“Businesses are taking action for ocean health, whether it’s through their core business, innovative finance mechanisms, or voluntary investment in our one ocean. Business action also requires a consistent and robust regulatory framework – we applaud the United Nations in their efforts to build a lasting framework for our future oceans, and the people and economies.”

Ayla Bajwa, Group Senior Vice President of Sustainability - DP World - United Arab Emirates
“With 90% of global trade carried by sea, the health of the ocean is vital to our business and the global economy. At DP World, we’re committed to sustainable maritime practices that protect marine ecosystems, build supply chain resilience, and support coastal communities. Our Ocean Strategy puts our commitment to ocean stewardship into action by setting out a long-term roadmap for advancing a sustainable blue economy and ensuring a future where trade, people and nature thrive together. By signing this Business Call to Action, we join others committed to driving collective progress toward healthy, thriving oceans.”

Serge Raemaekers, Co-Founder and Executive Director - Abalobi - South Africa
"At ABALOBI, we are building a business model rooted in the Triple Bottom Line—placing equal emphasis on social equity, ecological stewardship, and economic resilience. Through our verifiable traceability tools and transparent data systems, we enable small-scale fishers to actively participate in — and benefit from — sustainable seafood supply chains. We are committed to working alongside industry, governments, and communities to realise the principles in the Business Call to Action, fostering inclusive, fair, and regenerative ocean economies

Pierre-Yves Pouliquen, Vice-President Multifaceted Performance and Sustainable Development - Veolia - France
“For more than 170 years, Veolia has been working to preserve marine environments by reducing the impact of land-based pollution on them. This commitment, consistent with our Purpose and our Multifaceted Performance, is reinforced by our new GreenUp strategic plan to decarbonize, depollute and regenerate. Under the responsibility of local authorities, our expertise in wastewater treatment, plastic pollution prevention, the recycling of urban and industrial waste and the treatment of hazardous waste contribute to the preservation of coastal ecosystems and related economic activities.”

Gloria Fluxá Thienemann - Vice-Chairman & Chief Sustainability Officer - Iberostar Group - Spain
“At Iberostar, we deeply recognize the ocean's vital role as the heart of coastal tourism, intrinsically connected to our business, communities, and the global economy.  This includes operational and value chain mitigation, from responsible sourcing and pollution prevention to wider adaptation strategies that foster healthy coastal ecosystems and prosperity, while building resilience. We believe it's imperative for inter-sectoral and multi-stakeholder action to collaborate, forging partnerships that can achieve the scale we need in destinations to ensure a thriving ocean for generations to come.”

Pär Larshans, Chief Sustainability Officer - Ragn-Sells Group - Sweden
“The business community is not standing still – We are actively engaged in building a sustainable framework for the oceans. Ragn-Sells is proud to join this call to action to the global business community and policy-makers in working together to conserve and maintain a sustainable use of our oceans.”

Benoît Clocheret, CEO Artelia - France
"As an international multidisciplinary consultancy firm and world reference in maritime engineering, we at Artelia have signed this declaration, which reflects our concrete commitments to ecological transition. We firmly believe that the health of the oceans is essential to the prosperity of our territories and economic activities. Preserving marine ecosystems means taking tangible action to promote a resilient and inclusive economy, particularly in the fields of coastal engineering, marine energy and pollution control."

Read the Business Call to Action here:

• EpE: https://www.epe-asso.org/business-call-to-action
• United Nations Global Compact French network:  https://pactemondial.org/2025/06/08/land-and-sea-a-vital-connection-for-a-thriving-and-resilient-economy
• Business for Nature: https://www.businessfornature.org/news/joint-business-article-oceans
• World Economic Forum, United Nations Global Compact: URL not yet active

Press contacts:

• United Nations Global Compact: gee@unglobalcompact.org; boelt@unglobalcompact.org; jared.sheppard@unglobalcompact.org
• World Economic Forum: Erin.Skoczylas@weforum.org
• ICC: daniel.grajales@iccwbo.org ; raelene.martin@iccwbo.org
• Business for Nature: lucy.coast@businessfornature.org
• MEDEF: pfouquet@medef.fr; presse@medef.fr
• United Nations Global Compact French network: olivier.gil@pactemondial.org; alice.tan@pactemondial.org
• EpE: ndelafalaise@epe-asso.org; florence.bardin@agencef.com

New York, United States of America

Linking ocean health to prosperity, this new framework sets guidance to align financial flows and business practices with the transition to a Sustainable Ocean Economy worth $US 5.5 trillion by 2050.

The United Nations Global Compact and the UN Environment Programme Finance Initiative (UNEP FI) unveiled the Ocean Investment Protocol, a comprehensive guide designed to mobilize and scale finance for a healthy and resilient ocean that supports a strong and innovative Sustainable Ocean Economy. Building on the UN Global Compact Sustainable Ocean Principles and UNEP FI’s Sustainable Blue Economy Finance Principles, the Protocol provides financial institutions, insurers and re-insurers, ocean industries, governments and development finance institutions with a clear pathway to collectively lead the growth of the Sustainable Ocean Economy to achieve the Sustainable Development Goals (SDGs), including SDG14 (“Life Below Water”).

A thriving ocean is essential for biodiversity, food security, climate resilience, and global livelihoods. The Sustainable Ocean Economy links ocean health with prosperity, making targeted finance more urgent than ever. It is central to achieving the targets of the SDGs, the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework. With ocean health inseparable from global prosperity, mounting pressures—rising ocean temperatures, overfishing, pollution, biodiversity loss, weak governance, and inequitable access to marine resources—highlight the urgency of dedicated investments and policies that safeguard marine ecosystems and drive equitable economic opportunities.

The ocean economy is already equivalent in size to the world's fifth-largest economy as global markets are reliant on the ocean and its industries to support 90 per cent of global trade volume. Developing a regenerative and sustainable ocean economy is becoming increasingly central to global transitions in trade, infrastructure, energy, climate resilience, food security and regenerative tourism. The Ocean Investment Protocol responds to the critical need for swift, holistic efforts to preserve ocean ecosystems and foster growth in sustainable ocean-based sectors. It outlines actionable steps to align investments with nature- and climate-positive outcomes, fostering innovation across key ocean sectors.

By 2050, the market value of a refocused, sustainable and fairly shared ocean economy is projected to reach USD$5.5 trillion.

Sanda Ojiambo, CEO & Executive Director, UN Global Compact, emphasized the Protocol’s focus on uniting diverse stakeholders: “The Ocean Investment Protocol underscores the transformative role that businesses, governments and development finance institutions can play in protecting our oceans for future generations. It provides a blueprint for accelerating responsible investments and ensuring that all sectors of the economy contribute to a healthy and productive ocean.”

“The ocean is at a tipping point—and the decisions we make now will determine the future of life below water and far beyond. The Ocean Investment Protocol equips financial actors with practical guidance to unlock the capital needed for a sustainable and inclusive ocean economy projected to reach $5.5 trillion by 2050. But finance alone is not enough. Policymakers must send clear signals and create enabling environments that make sustainable ocean investment the smart, secure, and strategic choice. This Protocol calls on public and private leaders alike to align capital with ocean health—because a thriving blue planet is a foundation for prosperity, resilience, and global progress,” said Eric Usher, Head, UNEP Finance Initiative.

Key Elements of the Ocean Investment Protocol to guide financial institutions, insurers and re-insurers, ocean industries, Governments and development finance institutions to manage risks and understand opportunities to increase energy security, food security and transport security, while advancing sustainable solutions, include:

• Holistic Guidance for banks, investors, insurers, governments and development finance institutions, enabling them to manage environmental risks while pursuing growth opportunities in sectors such as offshore renewables, sustainable seafood and climate-resilient infrastructure.
• Data and Disclosure recommendations, promoting greater transparency on nature-related risks and impacts and aligning with global reporting frameworks, including Taskforce on Nature-related Financial Disclosures (TNFD), Task Force on Climate-related Financial Disclosures (TCFD), and science-based targets.
• Sector-Specific Roadmaps outlining responsible financing and operational practices in shipping, tourism, fisheries, renewable energy and other key ocean industries.
• Policy and Regulation Support to foster investment-ready environments, highlight the importance of marine spatial planning and encourage incentives for sustainable practices.
• Catalytic Role of Development Finance in advancing pipeline development for the Sustainable Ocean Economy, especially in emerging markets and coastal communities most vulnerable to climate change.

The release of the Ocean Investment Protocol comes at a pivotal moment, with global momentum building around a nature-positive agenda, the high-stakes race to curb carbon emissions, and accelerating action to tackle plastic and chemical pollution.

Ocean-related investment needs and opportunities are growing amid momentum for a Global Plastics Treaty and a High Seas Treaty as well as implementing the SDGs, the Kunming-Montreal Global Biodiversity Framework and the Paris Agreement. The Protocol is intended to galvanize multi-stakeholder collaboration and resource mobilization in the run-up to major ocean, climate and biodiversity milestones.

By setting a clear vision and practical recommendations, the Protocol aims to empower all stakeholders—public and private—to scale up and accelerate actions that protect marine ecosystems, support sustainable livelihoods and drive inclusive economic development.

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About UNEP FI

UNEP FI brings together a global network of banks, insurers, and investors to catalyze the transition to more sustainable economies. The initiative has been connecting the UN with financial institutions worldwide to help shape the sustainable finance agenda for more than 30 years. We host the world’s leading sustainability frameworks for banking and insurance to help the financial sector address sustainability risks, opportunities and impacts.

UNEP FI provides practical guidance and tools to more than 500 banks and insurers that are individually implementing Principles for Responsible Banking and Principles for Sustainable Insurance on a voluntary basis. Financial institutions work with UNEP FI to advance responsible banking and sustainable insurance to support clients and customers position their businesses for the transition to a sustainable and inclusive economy.

Founded in 1992, UNEP FI was the first initiative to engage the finance sector on sustainability. Today, the secretariat cultivates leadership and advances sustainable market practice through global programmes supported at a regional level across Africa & the Middle East, Asia Pacific, Europe, Latin America & the Caribbean and North America.

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Responsible business starts with responsible leadership. PRME (Principles for Responsible Management Education) collaborates with businesses and management schools to elevate sustainability through its Seven Principles, aimed at serving society and protecting the planet.

As the world confronts accelerating climate change, growing inequality and an evolving global economy, the business sector must step up, not just in what it does, but in how it leads. The future of business depends on responsible decision-making, grounded in ethics, sustainability and a commitment to the greater good.

To drive sustainable transformation, we must prepare a new generation of business leaders who are values-driven, globally minded and committed to long-term impact. That is the mission of Principles for Responsible Management Education (PRME), the education arm of the UN Global Compact.

A global framework for business & management education

Launched in 2007 by the UN Global Compact, PRME is a network of higher education institutions that embed sustainability and ethics into the core of business education. With over 870 schools across more than 90 countries, PRME represents the largest organized relationship between the United Nations and business schools.

At its heart, PRME is a call to action: to align the education of business students with the values of the UN Global Compact and the Sustainable Development Goals (SDGs). Through this lens, business education becomes more than a career pathway—it becomes a lever for systemic change.

The case for responsible management education

According to UNESCO, one in three university students globally graduates with a degree in business, management, law or economics. That's approximately 70 million students entering the workforce every year, many of whom will become future CEOs, investors, policymakers and entrepreneurs who will shape the global economy.

Yet, a gap remains between the capabilities taught in many classrooms and the complex leadership skills needed in the modern business world. Companies are increasingly seeking leaders who can navigate today's challenges, think systemically and make decisions grounded in ethics and impact.

PRME was created to bridge this disconnect. As part of the UN Global Compact, PRME embeds sustainability, ethics and responsible leadership into business education. With a skills-development approach, PRME ensures students graduate with the mindset and competencies needed to advance the SDGs and lead with purpose.

This shift is vital and in high demand. Recent data shows that students increasingly expect their institutions to prioritize sustainability, with many choosing where to enroll based on those values. PRME is helping higher education rise to meet that moment.

Who is PRME? A vibrant, global community of higher education institutions

PRME operates through seven core Principles: Purpose, Values, Teach, Research, Partner, Practice and Share. These principles guide our work, embedding responsible management education in institutions globally.

Today, our network includes 870+ signatory institutions in over 90 countries.

PRME connects business school leaders, faculty and students through a diverse and growing network of Chapters, Champions, Working Groups and Global Students. These communities foster collaboration, peer-to-peer learning and innovation while offering unparalleled opportunities to expand professional networks and co-create solutions for shared challenges. One of the key moments for our community is the annual Global Forum, an opportunity to gather in person, exchange ideas, and accelerate progress toward our shared vision of responsible leadership.

What does PRME do? Advance education and chart impact along the way

PRME supports institutions in fostering responsible leadership by providing educators with the pedagogy, curriculum and research needed to transform their classrooms with a focus on sustainability.

Educators gain the support needed to deliver impact and interdisciplinary learning experiences through downloadable teaching resources, certification programmes, and peer-learning networks. PRME empowers students and faculty to tackle real-world sustainability challenges with urgency and purpose by fostering research and collaboration. Through these offerings, educators are equipping students with the mindset and the skillset to lead in a world that demands more from business.

In parallel, PRME provides platforms for institutions to measure and communicate their progress. The Sharing Information on Progress (SIP) report is a cornerstone of this effort, offering a transparent, principles-based framework for accountability and reflection. Through Signatory Spotlights, Awards and Impact Stories, PRME Signatory institutions and individual community members showcase how engagement with PRME is transforming perspectives, actions and systems.

Get involved

The path to a sustainable future begins in the classroom. With over a third of the world’s future leaders studying business, transforming management education is one of the most powerful levers to accelerate progress on the SDGs.

Join the Movement

Artificial Intelligence (AI) is reshaping our world, yet there is much uncertainty about its future. While challenges remain surrounding ethics, equity and best practices, AI is transforming industries, driving innovation and redefining how we solve complex problems. The field is developing rapidly, revealing the potential for AI to advance human rights, improve labour conditions, protect the environment and prevent corruption. However, fully realizing these benefits requires intentional design, responsible governance and inclusive participation.

As the urgency of sustainable development intensifies, AI stands out not only as a technological breakthrough but also as a powerful tool to accelerate progress across all 17 Sustainable Development Goals (SDGs).

The intersection of AI and the Sustainable Development Goals

Amy Webb, who spoke at last year’s Leaders Summit with the UN Global Compact, discusses the intersection of technology and the SDGs.

At its core, sustainability means meeting the needs of the present without compromising the needs of future generations. AI’s ability to process vast amounts of data, identify patterns and automate decision-making can dramatically increase efficiency, reduce waste and enhance monitoring and reporting across environmental, social and governance (ESG) efforts. Defining intersectionalities is a significant proactive step in driving effective results while mitigating potential challenges.

Key intersections include:

• Climate action (SDG 13): AI-driven models improve climate forecasting, support early warning systems and optimize renewable energy deployment.
• Peace, justice and strong institutions (SDG 16): AI can detect fraud, strengthen transparency and support access to justice but also raises concerns around surveillance and bias that require responsible governance.
  
• Clean water and sanitation (SDG 6): AI can detect leaks, optimize usage and improve water treatment facilities.
  
• Decent work and economic growth (SDG 8): AI can support job creation in several sectors but poses risks to vulnerable workers that must be addressed.

Although there is tremendous potential for AI, it is not without risks. While AI can drive progress, it also brings serious challenges, especially when used in the absence of clear ethical guidelines. When working with AI to solve some of our world’s toughest challenges, it’s imperative to consider:

• Bias and discrimination: AI models trained on non-representative data reinforce inequalities in access to services or employment.
  
• Surveillance and privacy: The use of AI in monitoring must be balanced with respect for human rights.
  
• Labour market disruption: Automation may disproportionately affect low-income and marginalized workers, particularly in the Global South.
  
• Environmental impact: The energy use of large AI models significantly contributes to carbon emissions if not managed sustainably.

Businesses and governments must adopt AI governance frameworks rooted in transparency, accountability and human-centric design. The UN Global Compact encourages companies to align AI use with the SDGs and embed ethical considerations in AI lifecycle management.

What sustainability leaders can do now

The UN Global Compact advocates for a principles-based approach to responsible business, anchored on respecting and supporting human rights, the environment, labour and anti-corruption. Above this baseline of responsible business practices, the UN Global Compact further challenges companies to leverage AI to maximize their contributions to the 2030 Agenda. These frameworks can be used to help assess and mitigate risks around AI development and implementation and to guide companies in leveraging AI applications to advance in key areas where they can have the greatest impact on sustainable development.

For sustainability professionals, anticipating the evolution of AI means focusing on where we are going, not where we’ve been. The leaders of the future will be those who center equity—advocating for tools that reflect diverse voices, especially from underrepresented regions and communities. These leaders will also shape policy by staying informed on AI regulations and contributing to global efforts that govern emerging technologies responsibly.

One immediate action leaders can take is upskilling their teams. Building digital fluency and ethical literacy in AI-related topics ensures organizations are better prepared to navigate the rapidly changing tech landscape. In parallel, embedding AI into environmental, social and governance (ESG) reporting can help improve sustainability disclosures and strengthen stakeholder engagement.

Sustainability professionals should also foster multi-sector collaboration by partnering with AI developers, researchers and governments to help ensure AI is designed and implemented in ways that advance sustainable development goals. Ultimately, making equity a priority, participating in shaping policy and leveraging technology to build a more inclusive and sustainable future are paramount.

To learn more, check out the Gen AI for the Global Goals report for additional resources and insights to facilitate the alignment of sustainable business practices with technological advancements.

Looking Ahead

Artificial Intelligence is not a silver bullet—but it is a catalyst. With thoughtful implementation, AI can dramatically speed up our transition to a just, inclusive and sustainable world.

The challenge lies not only in what AI can do but in what we, as a global community, choose to do with it.

People are the bedrock of business. Companies that invest in people by ensuring living wages, safe working conditions and implementing other worker protections aren’t just doing the right thing; they’re building stronger businesses, driving economic growth and creating a more sustainable and equitable future for all.

The rights, respect and well-being of workers lie at the heart of a sustainable global economy.

By investing in happier, healthier people, businesses have the power to create a world where economic growth benefits everyone, not just a few.

Living wages for more sustainable futures

By ensuring a living wage for all workers, companies can demonstrate their respect for labour rights and advance decent work. This can increase productivity and innovation, attract and retain top talent and strengthen the supply chain and economic stability.

What is a living wage?

According to the International Labour Organization, a living wage is “the wage level that is necessary to afford a decent standard of living for workers and their families, taking into account the country's circumstances and calculated for the work performed during the normal hours of work.”

Living wage and minimum wage are not the same. In many countries, when minimum wages are set, there is an imbalance between the consideration of economic factors and workers’ needs. As a result, minimum wages often fail to ensure a decent standard of living.  By going beyond legal compliance, businesses can ensure their employees earn the necessary income to support their needs and those of their dependents, raising standards of health and well-being.

Today, over a billion working people worldwide –1/3 of all workers – are estimated to earn less than they need to afford a decent standard of living (source: BCTI).

Paying living wages ensures all workers, families and communities can live in dignity.

Living wages as a catalyst to improve working conditions

In 2025, the world of work is undergoing rapid transformation. Technological shifts, rising inequalities, global supply chain disruptions and geopolitical tensions are placing new pressures on businesses and workers alike. Amid these challenges, the fundamental rights of workers and the need to ensure a decent standard of living remain non-negotiable and crucial to promoting economic security and ensuring community resilience during tumultuous times.

The ILO estimates that more than 160 million children are still engaged in child labour and 27 million people are trapped in forced labour. Millions more face job insecurity, unsafe working conditions and discrimination — especially women, migrants and other vulnerable workers, regardless of the region of the world.

One of the most effective ways to address these systemic issues is by implementing living wages. When workers earn enough to meet their basic needs, the economic pressure driving child and forced labour is significantly reduced. Living wages promote financial security for families and their children, allowing workers to plan for the future, access healthcare and education and participate more fully in society.

For women and marginalized groups often facing wage disparities and job precarity, paying living wages helps close inequality gaps and foster inclusive, equitable workplaces.

In short, living wages are not just a solution to the problem of inadequate incomes — they’re a powerful lever for broader social and economic transformation.

Living wages are good for business

Paying living wages positively impacts people's well-being and businesses’ bottom lines. Companies that pay living wages create safe working conditions, attract and retain top talent, reduce turnover and build a more engaged and motivated workforce. Living wages also create stronger markets, as workers with financial security reinvest in their communities.

1. Increased Productivity and Morale

When employees are paid fairly, they’re more financially secure and invested in their workplace. Living wages reduce the stress of daily survival, allowing workers to fully engage with their roles.

Additionally, companies that prioritize living wages are better positioned to attract skilled, motivated employees, boost operational efficiency and give themselves a reputational edge in crowded markets. Collaboration and creativity can flourish in a workplace grounded in fairness and equity.

2. Cost Savings

Organizations that pay living wages experience fewer labour disputes and grievances, improving operational continuity and reducing costs associated with disruptions, mediation or lost productivity. Stability in the workforce leads to efficiency in the bottom line.

3. Enhanced Reputation and Market Access

With stakeholders demanding more from businesses, living wage commitments speak volumes. By setting commitments and strategies to pay living wages, companies can build trust and credibility. They become more appealing to investors and customers, gaining a competitive edge in markets where sustainability and social responsibility are becoming prerequisites rather than preferences.

4. Strengthened Supply Chain Relationships

Much of the global economy relies on complex, multi-tiered supply chains, and it’s often in these hidden layers where the most severe labour rights violations occur. Companies must proactively map their supply chains, conduct human rights due diligence and identify where low pay is a risk or will negatively impact workers’ rights. A company’s commitment to decent work cannot stop at its front door.


5. Financial and Operational Benefits

Living wages put more money into the hands of people who will spend it. This stimulates broader economic activity and often comes full circle to benefit the very businesses paying those wages.

6. Showcased Commitment to Upholding Human and Labour Rights

Paying a living wage is one of the most concrete ways a company can demonstrate its commitment to human rights. It signals that the business takes its responsibility seriously, embedding ethical labour practices across operations and supply chains. Living wages confirm that dignity at work is non-negotiable.

Take Action

Advancing decent work in business requires collaboration across stakeholders — with workers, workers’ and employers’ organizations, governments, civil society and other companies.

You are not alone. The United Nations Global Compact is ready to support with tools, guidance and training. Get started today with:

• Commit to the Forward Faster Living Wage targets. The Forward Faster Living Wage Action Guide provides companies with additional, target-specific details on key definitions, examples of actions and Key Performance Indicators (KPIs), including interim targets, resources and options that companies can utilize as they define a strategy to meet the targets.
• Analyze current operations. The Living Wage Analysis Tool is a free, user-friendly and strictly confidential online tool that helps companies identify opportunities and actions to provide a living wage to ensure all workers, families and communities can live in dignity.
• Consider an Accelerator Programme. Our Business & Human Rights Accelerator helps companies advance responsible sourcing practices, identify and address labour risks and embed human rights into core operations.

Living wages are an essential aspect of decent work. When companies promote and provide living wages, they promote a safer, healthier and more sustainable future.

This Earth Day, the message is clear: We need urgent, comprehensive climate action, and businesses must help deliver it.

The private sector plays a critical role in turning ambition into action. From reducing supply chain emissions to investing in nature, businesses have the tools, know-how, and influence to initiate change.

Climate action is not just the right thing to do — it’s a smart business move.

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While Governments must play a critical role in taking action to reduce emissions and build climate resilience, they can’t do it alone. The private sector also has an essential role to play.

Businesses inspire innovation, encourage investment and have the ability to scale proven initiatives. Support for government-led action and aligning business strategies with national climate goals facilitates global progress.

Nature-based Solutions (NbS) are one way businesses can take action. NbS are actions that protect, sustainably manage and restore natural or modified ecosystems to address societal challenges while benefiting biodiversity and human well-being.

This approach is one of the smartest investments a business can make. Protecting and restoring forests, soils, wetlands, and oceans helps fight climate change and supports the natural systems that global economies critically rely on.

These solutions also create jobs, reduce risk, and strengthen supply chains. When companies invest in nature, they are investing in the long-term success of their business.

The world is heating up faster than expected, and we already feel the adverse effects.

Now is the time to follow through—not just commit, but act. Businesses must take a holistic and strategic approach to their environmental impact. This includes prioritizing immediate actions while planning for long-term transformation by:

1. Reducing pollution where it is most harmful, incorporating nature and communities into decision-making.
2. Scaling positive change and resilience by choosing responsible suppliers and, in turn, shifting entire economies away from our wasteful, exploitative past into a healthier, more prosperous future.

It’s long past time to move from commitment to action. Join us.

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New York, United States of America

March 20, 2025 – Ahead of World Water Day, the Water Resilience Coalition—a CEO-led initiative driving corporate action on water stress—announced the addition of two new members: Grundfos and Haleon. This expansion brings the Coalition’s membership to 40 leading companies, collectively representing a market capitalization exceeding US$5 trillion.

The Water Resilience Coalition is an initiative of the CEO Water Mandate, a partnership between the Pacific Institute and the United Nations Global Compact. By 2030, the Coalition aims to unite a critical mass of companies to build water resilience in their operations and supply chains, while also investing in collective action to improve water resilience in 100 Priority Basins, the most water-stressed basins in the world.

In addition, the Water Resilience Coalition announced that Heineken, alongside a key partner have intensified efforts to enhance water resilience in the Rio Bravo River Basin, which spans the United States and Mexico. Their commitment will drive impactful collaborations in this Priority Basin, advancing collective action for sustainable water management.

“The momentum we are seeing—from new members to deepened corporate leadership in priority basins—demonstrates that water stewardship is no longer optional. It’s a business and sustainability imperative," said Jason Morrison, Head of the CEO Water Mandate. “Leading companies, including Heineken, are playing a catalytic role in advancing action in water-stressed basins around the globe by supporting collaborative infrastructure and services for scaling and tracking strategic, multi-funder investment opportunities for basin-wide impact.”

More than 60 companies have also endorsed the CEO Water Mandate in 2025, bringing the total number of companies to 478. These companies have committed to continuous progress building water resilience across their direct operations, supply chains, watershed management, and other areas.

About the CEO Water Mandate

The CEO Water Mandate is a partnership between the UN Global Compact and the Pacific Institute that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals for corporate water stewardship. Mandate endorsers commit to continuous progress against six core elements (direct operations, supply chain and watershed management, collective action, public policy, community engagement, and transparency) and in so doing understand and manage their own water risks. Established in 2007, the CEO Water Mandate was created out of the acknowledgement that global water challenges create risk for a wide range of industry sectors, the public sector, local communities, and ecosystems alike.

About the Water Resilience Coalition

The Water Resilience Coalition is an industry-driven, CEO-led initiative of the CEO Water Mandate that aims to elevate the long-term mounting crisis of global water stress to the top of the corporate agenda and to preserve the world’s freshwater resources through collective action in water-stressed basins and ambitious, quantifiable commitments.

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative—one Global Compact uniting business for a better world.

About the Pacific Institute

Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active outreach to influence local, national, and international efforts in developing sustainable water policies. From working with Fortune 500 companies to frontline communities, our mission is to create and advance solutions to the world’s most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat for the CEO Water Mandate, a global commitment platform that mobilizes a critical mass of business leaders to address global water challenges through corporate water stewardship.

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In today’s rapidly evolving corporate landscape, advancing gender equality is not just a moral imperative—it’s a business advantage. Research shows that achieving gender equality could unlock more than $12 trillion in new market opportunities linked to the Sustainable Development Goals (SDGs). Yet, at the current rate of progress, it will take 134 years to reach full gender parity and 152 years for women to achieve complete economic inclusion.

The stakes are high and the solution is clear: gender equality requires the active participation of everyone.

As the UN Secretary-General António Guterres has said, “To change the culture of male-domination and bring balance, we need equality in leadership, decision-making and participation at all levels.”

Male allies have a unique role to play in creating a more equitable workplace, and their engagement is essential for driving systemic change.

Why male allyship matters

When male leaders actively support their female colleagues, challenge discriminatory behaviors and champion inclusive policies, they help build a corporate culture where diversity thrives. This isn’t just about being supportive; it’s about making tangible commitments to break down barriers and create pathways for women to succeed.

Male allyship that actively promotes gender equality can be a catalyst for innovation, improved team performance and better decision-making, which in turn drives business growth.

In the face of a global backlash against women’s rights and gender equality, there has never been a more crucial time for male leaders to step up.

The impact of male allies

Male allies are vital in transforming workplace culture. By taking a stand, these leaders can challenge outdated norms, create safe spaces for dialogue and promote practices that ensure equal opportunities for all employees.

Male allyship is not limited to the workplace. The impetus is on allies to extend their influence on the company’s marketplaces and communities to drive more inclusion and diversity with the extended stakeholder community.

For businesses, the benefits are clear. A diverse and inclusive workforce leads to higher levels of employee engagement, increased innovation and stronger financial performance. When men actively engage as allies, they help build a more balanced, supportive and thriving corporate environment.

How to become a male ally

The journey to becoming an effective male ally starts with awareness and a willingness to listen. Here are some steps corporate leaders can take to support gender equality:

• Educate yourself: Understand the challenges that women face in your organization and industry. Leverage resources like the How to Be a Male Ally for Gender Equality e-learning course
• Educate your workplace: Assemble a group of colleagues/create an employee resource group and take the upcoming Mainstreaming Male Allyship: An Action Guide for Business to learn actionable strategies for fostering inclusion
• Challenge bias: Actively call out discriminatory behaviors and address unconscious biases within your teams
• Promote policies that support gender equality: Advocate for inclusive policies, such as equal pay for work of equal value, paid parental leave and flexible working arrangements. Advocate for applying a quota to procure from women-owned or women-operated businesses
• Mentor and sponsor women: Use your influence to open doors for female colleagues, providing mentorship, sponsorship and opportunities for growth within your company and community

Call to action: Let’s accelerate action for women’s equality

The theme for International Women’s Day is “Let’s Accelerate Action for Women’s Equality.” In support of this, the UN Global Compact is encouraging corporate leaders to become male allies.

Explore the offerings of the UN Global Compact on male allyship and take the first step towards a more inclusive future. By doing so, you’ll advance gender equality and drive business success and societal impact. Together, we can accelerate progress towards gender parity and create a world where everyone can thrive.

New York, United States of America

New York, 11 March 2025 — The United Nations Global Compact, in partnership with UN Women and the Champions of Change Coalition, today concluded a high-level Business Leadership Dialogue, convened on the margins of the 69th session of the Commission on the Status of Women (CSW69). The gathering united over 50 business leaders, policy experts and change-makers to accelerate private-sector commitments toward women’s economic empowerment by 2030.

The event marked three significant anniversaries for global gender equality efforts:

• 30 years since the establishment of the Beijing Declaration and Platform for Action
• 25 years since the founding of the UN Global Compact
• 15 years since the creation of the Women’s Empowerment Principles (WEPs)

Despite decades of progress, on average, women are paid about 20 per cent less than men, according to the International Labour Organization leading to significant lifetime income inequality. At the current rate it will take 134 years to close the global gender gap. Yet companies with diverse leadership teams are 25% more likely to outperform their peers.

During the dialogue, participants examined how businesses can apply a gender lens across the value chain by creating gender-responsive supply chains and directing capital to women-owned businesses, engage male allies and advocate for policy enablers to bridge persistent gender gaps worldwide. Conversations focused on:

• Invest in Women Initiative: The UN Global Compact spotlighted its Invest in Women initiative designed to increase capital flows to women-owned businesses and champion gender-inclusive investments, urging companies to align their investment and procurement strategies with gender equality objectives. Business leaders also shared successful case studies on how they have embedded a gender lens into supply chain operations, emphasizing that doing so unlocks diverse markets, fosters innovation, and reinforces stakeholder trust.
• Male Allyship: In a fireside chat featuring the Champions of Change Coalition and Equimundo, speakers highlighted effective approaches for mobilizing men in leadership positions to champion gender equality and women’s economic inclusion, with a focus on culturally attuned, scalable programs. The UN Global Compact also launched its new knowledge tool – “Mainstreaming Male Allyship: an Action Guide for Business,” developed in partnership with Equimundo.
• Africa Business Leaders Coalition (ABLC): This dialogue dove into the extensive implementation that ABLC members have driven on the Gender Statement. It also explored the progress that ABLC member companies are advancing across sectors and geographies on the continent since launching a historic Gender Statement in Kigali, Rwanda in May 2024, demonstrating how regional coalitions can drive global transformation.
• Forward Faster initiative & the WEPs: Businesses were called on to commit to the Forward Faster initiative—targeting equal representation, participation, and leadership of women at all levels by 2030—and to sign on to the Women’s Empowerment Principles (WEPs), which provide a comprehensive framework for embedding gender equality across the workplace, marketplace, and community.

“Accelerating women’s full participation is not just a moral imperative, it’s an economic one,” said Melissa Powell, Deputy Executive Director of the UN Global Compact. “As we celebrate the 30th anniversary of the Beijing Declaration and 25 years of the UN Global Compact, we have never been closer to a true tipping point. By investing in women-led enterprises, championing male allyship, and building equitable supply chains, businesses can lead the charge on achieving the Sustainable Development Goals by 2030.”

Following the dialogue, attendees participated in roundtable discussions and committed to sharing key insights across their networks. Companies are encouraged to join or deepen their engagement with the Forward Faster initiative and the WEPs, setting measurable targets to close leadership and pay gaps, and to implement policies that champion inclusivity at every level.

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.

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United States of America

March 2025

The global partners, consisting of the International Finance Corporation (IFC), the UN Global Compact, the UN SSE, UN Women, and the World Federation of Exchanges (WFE), are proud to announce the 11th annual "Ring the Bell for Gender Equality" event series. This global initiative brings together stock exchanges and their key stakeholders from around the world to host bell-ringing ceremonies, highlighting the critical role the private sector plays in advancing gender equality.

Since its inception in 2015, the "Ring the Bell for Gender Equality" has grown exponentially, starting with just seven participating exchanges and expanding to over 115 exchanges in 2025. This year's theme, "Ring the Bell for ALL Women and Girls: Rights. Equality. Empowerment," emphasizes the importance of inclusive actions to promote the rights and empowerment of women and girls globally.

Stock exchanges are uniquely positioned to influence their markets and promote gender equality. Beyond raising awareness, they play a pivotal role in mobilizing finance for gender-equality-themed investment products, improving women's access to financial markets, and promoting greater female participation in corporate leadership.

The "Ring the Bell for Gender Equality" initiative serves as a powerful platform to amplify the message that gender equality is not only a fundamental human right but also a business imperative. By participating in this event, exchanges and their stakeholders demonstrate a commitment to fostering inclusive and equitable economies.

Find the full list of participating exchanges here and feel free to contact the global partners for more information on how to participate in the initiative.  

About the Global Partners:

• International Finance Corporation (IFC): IFC— a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org. Follow us on Twitter: @IFC_org or any of our other social media platforms: www.ifc.org/SocialMediaIndex
• The United Nations Sustainable Stock Exchanges initiative: The UN SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services. To learn more about becoming a Partner Stock Exchange or participating as a regulator or investor, visit sseinitiative.org Follow us on Twitter: @sseinitiative
  
• United Nations Global Compact: The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.
• United Nations Entity for Gender Equality and the Empowerment of Women (UN Women): UN Women is the UN organization dedicated to gender equality and the empowerment of women. A global champion for women and girls, UN Women was established to accelerate progress on meeting their needs worldwide. UN Women supports UN Member States as they set global standards for achieving gender equality and works with governments and civil society to design laws, policies, programmes and services needed to ensure that the standards are effectively implemented and truly benefit women and girls worldwide. It works globally to make the vision of the Sustainable Development Goals a reality for women and girls and stands behind women’s equal participation in all aspects of life. In collaboration with the UN Global Compact, UN Women engages the private sector through the Women’s Empowerment Principles (WEPs) – a global framework and engagement platform to advance gender equality and women’s empowerment in the workplace, marketplace, and community. As of 2025, WEPs has attracted over 10.000 CEOs and their companies in 190 countries to accelerate this agenda. UN Women also coordinates and promotes the UN system’s work in advancing gender equality. Learn more at: www.unwomen.org and www.weps.org Follow us on Twitter @UN_Women, @WEPrinciples and on LinkedIn: UN Women, WEPs.
• The World Federation of Exchanges (WFE): Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 37% are in Asia-Pacific, 44% in EMEA and 19% in the Americas. WFE’s 87 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges, together with other exchanges feeding into our database, are home to over 51,000 listed companies, and the market capitalisation of these entities is over $110 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2024). The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back 49 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system. Click here to view the WFE’s website, sign up for the industry’s Focus magazine or to visit the WFE on LinkedIn. Follow us on Twitter: @TheWFE

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Singapore

6 March 2025, Singapore – The United Nations Global Compact (UNGC) and Principles for Responsible Investment (PRI) successfully convened the Executive Roundtable on Sustainable Finance – Driving Leadership in Sustainable Finance for a Resilient Future at the Orchard Hotel in Singapore today. This high-level gathering brought together CEOs, CFOs and institutional investors to mobilize private and institutional capital towards financing sustainable development, addressing biodiversity loss and closing the SDG financing gap in the Asia-Pacific region.

With Asia facing an annual shortfall of $1.5 trillion to meet the Sustainable Development Goals (SDGs), discussions centered on scaling innovative financing mechanisms to drive inclusive growth, climate resilience and sustainable development. The roundtable, aligned with the UN’s Road Map for Financing the 2030 Agenda, emphasized the urgent need for private sector leadership in mobilizing capital for the Global South and integrating sustainability-related factors into financial decision-making.

Key Themes and Insights

The discussions were structured around two key themes:

• Financing for Development: Participants explored strategies for increasing capital flows into emerging economies, tackling investment barriers and aligning financial markets with long-term sustainability goals.
• Biodiversity & Climate Finance: Leaders deliberated on how businesses and investors can incorporate nature and biodiversity into investment frameworks, ensuring that capital supports climate resilience and ecosystem restoration.

Speaking at the event, Neha Das, Head of Asia & Oceania, UN Global Compact, underscored the role of corporate leaders in advancing sustainable finance: “Achieving the SDGs requires bold leadership and concrete action from the private sector. By embedding sustainability into business and investment strategies, companies and financial institutions can accelerate progress toward a more resilient and equitable global economy.”

David Atkin, CEO of PRI, emphasized the importance of investor action: “Institutional investors have a fiduciary responsibility to consider sustainability-related factors in their investment and ownership decisions. Alongside investor action, an enabling policy environment has a critical role in advancing sustainable finance. We are grateful to the UNGC-PRI roundtable participants for an important discussion on how leadership in these areas can create a sustainable future in Singapore and beyond.”

The roundtable concluded with a call to action for businesses and investors to:

• Strengthen commitments to sustainable finance by aligning corporate financial strategies with sustainability-related factors.
• Collaborate with policymakers to address policy barriers and enhance regulatory frameworks supporting sustainable investment.
• Advance standardized reporting on biodiversity and climate-related financial risks.

This event also set the stage for deeper engagement at future UN Global Compact events reinforcing the commitment to scaling sustainable finance solutions across the Asia-Pacific region.

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About Principles for Responsible Investment:  

The Principles for Responsible Investment (PRI) is the world’s leading proponent of responsible investment. Supported by the United Nations, it works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 5,300 signatories, managing over US$121 trillion. For more information visit www.unpri.org.  

Media contacts:

UN Global Compact
Alex Gee
Media relations
gee@unglobalcompact.org

PRI
Duncan Smith
Head of APAC & Americas Communications
duncan.smith@unpri.org

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Dear Participants,

As we mark the 25th anniversary of the UN Global Compact, we reflect on how businesses have come together to advance principles in human rights, labor, the environment, and governance – a powerful signal that profitability and sustainability go hand-in-hand. Over time, these principles have proven not only essential in managing risks but also in strengthening resilience, meeting stakeholder expectations, and building businesses that can thrive now and in the future.

During the 25 years of our existence, we have collectively faced many challenges in our work to advance the Ten Principles. While the path forward may not always be clear, our shared commitment to responsible and sustainable business practices remains a steady guide toward our vision of a better and more prosperous world.

We believe the U.S. private sector has the power to drive solutions, spark innovation, and provide the leadership that governments and markets worldwide look to for guidance on the direction the world must take.

In our mission to support you, know that our work continues without pause. In fact, we are deepening our efforts to provide you with the latest resources and tools to support your journey. We encourage you to connect with peers through our Peer Learning Groups, a safe space to share best practices and discuss common sustainability challenges. In the coming weeks, we’ll introduce additional opportunities to come together, exchange insights, and access resources to create opportunities for the future. If you’d like to learn more about how we can support you, please feel free to reach out.

Inaction is not a choice when the need for solutions is so clear. As we continue in our mission through the next 25 years and beyond, we remain committed to working with you on your efforts to drive meaningful, lasting impact.

Thank you for your partnership.

Warm regards,

Richard Pearl
Acting Executive Director
UN Global Compact Network USA

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New York, United States of America

Building on previous statements, the UN Global Compact reiterates its support for advancing business respect for human rights through mandatory due diligence requirements. Currently, the European Union is making efforts to streamline and simplify its corporate sustainability rules through the proposed EU omnibus regulation. By consolidating the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), and the EU Taxonomy, the EU aims to reduce compliance burdens while addressing concerns over Europe’s economic competitiveness and regulatory complexity.

As the world’s largest corporate sustainability initiative, the UN Global Compact encourages upholding the ambition of the EU's current corporate sustainability laws. This includes promoting and supporting corporate environmental and social due diligence and accountability, anchored and aligned with international standards.

In the face of environmental, societal and economic challenges in Europe and globally, the EU has made ambitious commitments to achieve carbon neutrality by 2050 and improve living conditions across the continent. Central to this strategy is the European Green Deal, which seeks to harmonize environmental, social and economic priorities. While the debate on streamlining and simplification continues, it is crucial to ensure that these efforts translate into real, measurable impacts across all sectors. This requires ensuring transparency and accountability and remaining true to the spirit of the Green Deal and the implementation of the Paris Agreement.

The UN Global Compact emphasizes the importance of assessing and managing salient impacts - prioritizing the most severe and significant effects a company's operations may have on people and the planet. This approach ensures a comprehensive understanding of corporate impacts and systemic risks, enabling businesses to take proactive and meaningful action to drive positive change.

By integrating comprehensive human rights due diligence, businesses align with the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises, which provide international frameworks for the duties of states and the responsibilities of business in preventing and addressing adverse human rights impacts. This approach fully aligns with the Ten Principles of the UN Global Compact, which encompass human rights, labour, the environment and anti-corruption. These alignments ensure that businesses are meeting international standards and actively contributing to the global effort to foster a more just, prosperous and sustainable world.

Legal certainty is a fundamental pillar to ensure that organizations understand their obligations and can act with predictability and confidence over time. Many companies are already working on implementing various reporting and human rights and environmental due diligence requirements, not only as a response to emerging regulations but as a strategy to strengthen their market competitiveness. While this requires internal effort, it also represents a pathway for long-term value creation. The UN Global Compact encourages companies to integrate a robust sustainability strategy and embed the Ten Principles in their mission and purpose. This approach ensures that reporting goes beyond mere compliance, and becomes a genuine priority driven by strategy, transparency, and accountability.

Transparency and participation in regulatory processes are essential to ensuring robust and effective regulations. Multi-stakeholder dialogue and engagement —including businesses, civil society, trade unions, and other key actors—help identify impacts and strengthen the effective enforcement of regulations.

Aligned with the ambition of the UN Global Compact to accelerate and scale the collective impact of businesses by upholding the Ten Principles and advancing the Sustainable Development Goals, we support a mandatory due diligence framework that aligns with international standards. We believe that, when adapted to reality, it serves as an essential tool to ensure that companies operating in Europe lead the transition towards a sustainable and resilient economic model. The key lies in supporting its implementation with adequate resources and fostering effective stakeholder collaboration. To this end, the UN Global Compact is ready to support companies on their due diligence journey.

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.

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Twenty-five years ago, nearly 50 pioneering companies joined forces with the United Nations to align their operations and strategies to advance a more sustainable world.

On 26 July 2000, then-UN Secretary-General Kofi Annan launched the UN Global Compact with a bold vision: to unite businesses around the world in advancing human rights, labour standards, environmental stewardship and anti-corruption.

This was the beginning of a powerful partnership between businesses, Governments and civil society to create a more inclusive and ethical global market.

What started as a call to action has become the world’s largest corporate sustainability initiative, involving over 20,000 companies and 3,000 non-business participants in 160 plus countries.

This year, we celebrate a significant milestone—the 25th anniversary of the UN Global Compact. Over the past quarter-century, the UN Global Compact has reshaped the way businesses operate, embedding sustainability into corporate strategy and fostering a global movement committed to responsible business practices.

As we mark this milestone, we reflect on the progress made and reaffirm the urgent need for continued leadership, innovation and collaboration to build a more sustainable and inclusive future.

Secretary-General Kofi Annan addresses the Global Compact Summit at headquarters. 24 June 2004. UN Photo/Mark Garten.

A transformational journey

Over the past 25 years, the UN Global Compact has redefined corporate responsibility. The Global Compact ensures sustainability is a cornerstone of business strategies, facilitates collaboration across sectors and influences global policy and practice.

Secretary-General Kofi Annan (left) and John Ruggie (right), Special Adviser to the Secretary-General, as they arrive to attend a meeting of the Global Compact Summit at headquarters. 24 June 2004. UN Photo/Eskinder Debebe.

Over the years, the UN Global Compact has catalyzed corporate action. In 2004, the UN Global Compact coined the concept of Environmental, Social, and Governance (ESG), which is now a global framework for evaluating business impact. Two years later, the launch of the Principles for Responsible Investment (PRI) drove the integration of ESG factors into global capital markets, influencing over $100 trillion in assets. In 2007, the CEO Water Mandate brought corporate leadership to the forefront of global water stewardship, while the Women’s Empowerment Principles (2010) set a new standard for gender equality in the workplace.

Participant taking a photo at the SDG Media Zone. UN Global Compact/Luís de Barros

The Science-Based Targets Initiative (2015) helped companies align their climate commitments with the latest scientific data, and the CFO Coalition for the SDGs (2020) mobilized financial leaders to direct capital toward sustainable development.

UN Secretary-General António Guterres delivers a speech at the 2020 SDG Ambition event in Davos, Switzerland. Photo Credit: UN Global Compact/Andrea B. Kammermann

More recently, the Forward Faster initiative launched in 2023 to accelerate corporate action on the SDGs, reinforcing the urgent need for businesses to lead the charge in addressing global challenges.

Through it all, the UN Global Compact remains unwavering in its commitment to support the private sector in advancing a safer and more prosperous future for all.

The work continues

We don’t stop here. Today, we face the grim reality that only 17% of the SDGs are on track. We need stronger corporate action to address climate change, inequality and financial gaps.

Now, more than ever is the time for businesses to step up as leaders in sustainability.

UN Global Compact Executive Director Sanda Ojiambo addresses the crowd at the 2023 Leaders Summit, celebrating the launch of the Forward Faster initiative. Photo Credit: UN Global Compact

By strengthening collaboration between businesses, governments and UN entities, the UN Global Compact is helping to unlock the transformative potential of public-private partnerships (PPPs), technology, AI, food systems and more. These partnerships are crucial for scaling innovation, mobilizing financing and driving systemic change for a more sustainable world.

Looking towards the future

As we look forward to the next five years, we continue to find ways to expand the sustainable business agenda. From rethinking food systems to examining digital connectivity, the Ten Principles remain at the heart of our efforts.

In times of global challenges, achieving our goals are more essential than ever to drive systemic change, ensuring a resilient, inclusive global economy.

A call to action

The work of the UN Global Compact through its events, programmes, initiatives and activities continues to demonstrate that businesses are not only economic drivers, but powerful forces for advancing human rights, environmental stewardship and societal progress. Together, we will continue to mobilize business actions to deliver the SDGs and much more.

The UN Global Compact launches UN Global Compact Network Caribbean and SME and Supply Chain issue area in Bridgetown, Barbados, 2024. Photo Credit: UN Global Compact

The 25th anniversary of the UN Global Compact is a call for deeper collaboration with stakeholders across sectors. Together, businesses, Governments, academia and civil society can forge a path toward a more sustainable, inclusive and resilient future. Join us.

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New York, NY – February 11, 2025 – UN Global Compact Network USA (Network USA) has released a new report highlighting the US private sector’s pivotal role in supporting global sustainability through innovative financial strategies. “Driving Progress: Sustainable Finance for the Advancement of the Sustainable Development Goals (SDGs)” explores how American businesses leverage sustainable finance to address the world’s most pressing challenges while generating competitive returns. With up to $4 trillion a year needed in financing to achieve the SDGs by 2030, the report underscores the urgent need for increased private sector investment and collaboration. The report was unveiled in Phoenix in conjunction with the annual GreenBiz conference, which attracted over 6,000 attendees.

“Driving Progress: Sustainable Finance for the Advancement of the SDGs” serves as a guide for American businesses uniquely positioned to finance sustainable options to expand their profitability. Case studies from industry-leading companies like Citi, the International WELL Building Institute (IWBI), and International Motors illustrate actionable strategies for scaling these initiatives.

The report also calls on companies to adopt innovative instruments such as sustainability-linked loans and green bonds while setting ambitious, measurable targets to maximize their impact.

“As home to one of the world’s most powerful financial markets, the U.S. private sector stands at the forefront of this opportunity to lead and inspire a global shift toward a more sustainable future,” said Richard Pearl, Acting Executive Director of UN Global Compact USA. “This report showcases the potential for private-sector innovation across a variety of industries to drive transformative progress on the SDGs, making sustainability a cornerstone of future investments.”

Multiple studies have shown how sustainable financing outperforms traditional investments in recent years. This reflects a shift towards more eco-conscious financial practices, with positive outcomes for both society and the environment and long-term returns. At its core, these investments represent a strategic approach that creates value by prioritizing long-term sustainability, managing risks effectively, and meeting the evolving expectations of investors, consumers, and stakeholders.

Download the full report here to learn more about the U.S. private sector’s role in advancing sustainable finance.

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About UN Global Compact Network USA

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater UN, Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit GlobalCompactUSA.org.

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As we usher in a new year, we also embark on a new era. This year marks an important milestone: the 25th anniversary of the United Nations Global Compact’s mission to amplify private sector action on its Ten Principles. Back in 2000, former UN Secretary-General Kofi Annan sought to put a “human face to the global market.” Today, under the leadership of UN Secretary-General António Guterres and UNGC CEO & Executive Director Sanda Ojiambo, we carry this vision forward, adapting to the evolving landscape of leaders and decision-makers.  This month, a new administration has taken office in the United States. While this transition will bring changes to policies on critical issues like climate change, diversity, equity, and inclusion (DEI), among others, one thing remains steadfast—and perhaps even more apparent: the U.S. private sector continues to be the driving force behind meaningful change that will enhance their business outlook as well as benefit society. Reflecting on 2024, I am inspired by the momentum we’ve built and the opportunities that lie ahead. Just last quarter, together, we mobilized the private sector into action, including:

• An outstanding commitment to climate financing and action showcased at COP29 in Baku.
• Engaging corporate leaders at the UN Forum on Business and Human Rights in Geneva.
• ​​​​​​Celebrating impactful SDG initiatives by companies in Puerto Rico.

​​​The conversations and actions demonstrated by our participants highlight remarkable dedication and progress.

You, too, could be part of this dialogue. Join us at GreenBiz 25 in February, where we’ll host a private event on sustainable finance in anticipation of launching our new thought leadership report. Additionally, applications for our Peer Learning Groups will open soon, offering you another way to engage and collaborate. Learn more about these opportunities here.

Thank you for your continued commitment to driving progress and sustainability. Together, we can achieve even greater impact in the next 25 years and beyond.

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Sincerely,

Richard Pearl

Acting Executive Director and Senior Advisor

UN Global Compact Network USA

Davos, Switzerland

The United Nations Global Compact concluded a series of impactful sessions during the World Economic Forum Annual Meeting 2025 in Davos, advancing discussions on the critical role of business in addressing global challenges through the lens of the Sustainable Development Goals (SDGs).

Held at the SDG Tent, an inclusive and collaborative space for dialogue, the UN Global Compact convened leaders from business, government and civil society to explore solutions for sustainable growth, human capital development and safeguarding the planet.

Under the Davos theme of Collaboration for the Intelligent Age, the discussions highlighted opportunities to navigate geo-economic fragmentation, leverage exponential technological innovation and drive inclusive economic growth.

Highlights of Activities by the UN Global Compact at Davos include:

• Investments in Technology and Innovation: An executive breakfast explored the transformative potential of AI and frontier technologies in promoting sustainability and inclusivity, with a focus on gender equality, sustainable finance and inclusive economic growth.
• Leadership Dialogues Luncheon: A high-level gathering with UN Global Compact Board members and engaged CEOs charted a 2025 roadmap for policy advocacy, setting the stage for key global moments including COP30 and the World Social Summit.
• Water Resilience Coalition CEO Circle: A closed-door session showcased the role of AI in achieving water resilience, advancing the goal of impacting 100 water-stressed basins by 2030.
• From Silos to Synergy: This panel highlighted the transformative power of sustainable procurement to advance the SDGs. The session introduced a new collaboration with the Watch and Jewelry Initiative to simplify processes for buyers and suppliers and enable industry-wide adoption across various brands. The discussion also emphasized the role of procurement in empowering women- and youth-led enterprises, enhancing transparency through AI and reshaping industries for sustainability.

The discussions underscored the importance of innovative partnerships, financing mechanisms and frontier technologies in addressing global challenges, from climate change and resource resilience to economic inequality and the ethical use of AI.Reflecting on the week's activities, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, stated:
"In an era defined by unprecedented technological advancement and global complexity, the role of businesses in delivering on the Sustainable Development Goals has never been more vital. At Davos, we witnessed the power of collaboration to harness innovation, unlock investment and advance transformative solutions that benefit both people and the planet. Together, we can create a more sustainable, inclusive and resilient future."The sessions of the UN Global Compact aligned closely with the core themes of the Annual Meeting, including reimagining growth, safeguarding the planet and investing in people. These discussions emphasized the importance of collaboration across sectors to build stronger, more resilient economies and address shared challenges effectively.About the UN Global CompactThe ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative — one Global Compact uniting business for a better world.

Dear Participants of the UN Global Compact,

2025 presents increasingly complex challenges along with growing opportunities for sustainable business.

Last year, more than half the world’s citizens elected political leadership, reshaping the global business landscape, particularly in terms of regulations, trade and investment. Companies face shifting, uncertain operating environments influenced by geopolitical realignments along with economic pressures, technological advancements and resource scarcity.  Moreover, political multipolarities, conflicts, widening inequalities, and the climate crisis impact us all, and impact business, no matter where we are in the world.

These challenges underscore a crucial truth: sustainability is no longer optional but essential for business resilience, competitiveness and long-term success. This shift is evident in the fact that more companies than ever are committing to sustainable, responsible business practices with the UN Global Compact.

25 years in and going strong

In 2000, the late UN Secretary-General Kofi Annan challenged business to work with Governments and civil society to create a more inclusive, ethical global market. And today, our Global Compact of shared values has grown from 50 pioneering companies to over 20,000 participating businesses and nearly 3,000 non-business signatories worldwide, with five regional hubs and 63 Country Networks.

For twenty-five years, our Ten Principles on human rights, labour, the environment and anti-corruption have helped define corporate responsibility and influence global policy and practice. We engage businesses in country and connect them to policymakers, Governments, the UN and other civil society groups, including academia.

Our programming is informed by ongoing conversations with thousands of business leaders around the world. They tell us that navigating regulations and compliance is an ongoing challenge, particularly for companies that operate in multiple jurisdictions. We also know that companies are facing growing scrutiny and demands from stakeholders, and that transparency and accountability have never been more critical.

Designed to meet these challenges, the frameworks of the UN Global Compact – including the enhanced Communication on Progress (CoP), the new CoP Data Visualization Tool, and our Forward Faster initiative – empower companies to set and deliver on measurable, credible sustainability commitments.

This past year, we also expanded our reach with the launch of new Country Networks in the Caribbean and Ireland, and introduced innovative tools to better guide companies of all sizes on their sustainability journeys. We brought together thousands of leaders at our national, regional and global events, such as our Forward Faster Now events for Asia and Oceania and Latin America and the Caribbean.

Thanks to the valuable contributions of partners and participants, our progress has been remarkable. However, to meet the complex challenges ahead, businesses must not only set ambitious sustainability goals, but also maintain accountability and momentum.

Looking ahead

As we commemorate our 25th anniversary this July, we’ll reflect on our progress and finalize a bold strategy for the next five years.

Our strategic priorities will be shaped by evolving business imperatives, including building resilient markets and supply chains that can withstand political, economic and social shocks. Ethical use of new technologies is also vital for the future of sustainable business. Our GenAi for the Global Goals report outlines ways that artificial intelligence can be used to advance sustainability by enhancing data analysis, efficiency, decision-making and creative problem-solving.

At the same time, we will continue to drive credible action on sustainability through our Forward Faster initiative. Policy advocacy to foster enabling environments for sustainable business remains a cornerstone of Forward Faster. In 2025, this advocacy will focus on ensuring living wages across industries and engaging business in the next wave of national climate plans towards a meaningful contribution at COP30 in Brazil and beyond.

We will expand our presence and impact worldwide, launching new Country Networks and further guiding companies to drive action at the national level. Next year, for example, we will continue to advance Anti-Corruption Collective Action to multiply the impact of individual efforts and avoid the loss of financial resources that could be better spent on the SDGs.

Now more than ever, we need multisectoral, collective business leadership that builds bridges within and beyond sectors – leadership that inspires and unites, even in times of crisis. Towards this goal, our new CEO Agenda will provide business leaders with exclusive insights, strategic foresight and collaborative resources to enact lasting and meaningful change. We will also continue to grow engagement opportunities for C-suite leaders on finance, legal and marketing issues to drive a more integrated approach to sustainability.

Our next planned CEO Study will provide fresh insights ahead of the 80th UN General Assembly, framing discussions at key events, such as the Private Sector Forum, the Leaders Summit, and Unstoppable Africa. Our mission is to remain agile and responsive, strengthening bridges between companies, Governments, and the UN System.

We know that sustainability progress demands consistent action across a broad spectrum of challenges. In 2025, we will continue to advance gender equality, including by fostering male allyship and investing through a gender lens. We will prioritize critical transformations, such as more sustainable food systems and ocean business, as well as just transitions across industries. We will also scale efforts for companies to embed sustainable supply chain and procurement practices, including human rights due diligence and decarbonization.

Reflecting on 2024, I want to recognize the extraordinary efforts of our Board, staff, Country Network colleagues, and participant companies worldwide. Your dedication and innovation drive and sustain the UN Global Compact, even amidst global uncertainties.

In 2025, I call on all participants to accelerate your engagement with our global sustainability movement. This call to action is clear: we must all move forward much faster to meet the pace and scale the future requires. The needs are unprecedented, but so are the opportunities.

Sincerely,

Sanda Ojiambo

CEO and Executive Director of the United Nations Global Compact

Assistant Secretary-General

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New York, United States of America

The United Nations Global Compact launched the CEO Agenda, a dedicated leadership platform designed to empower CEOs worldwide to embrace bold leadership as the defining growth imperative for sustainable business, today. In an era marked by interconnected crises — spanning economic, social and geopolitical challenges — CEOs can no longer stand on the sidelines of global challenges. This new platform calls on business leaders to drive ambition, advocacy and sustainable growth addressing critical societal challenges while fostering resilience and long-term prosperity.

The CEO Agenda equips business leaders with the tools, insights and connections needed to transform their organizations, and lead the charge toward sustainable growth.

Key platform features include:

• Exclusive CEO Interviews: Learn directly from global business leaders who are tackling pressing issues such as climate change, technological disruption and social inequities.
• Thought Leadership: Access strategic foresight on pivotal topics, including technology and AI, evolving regulatory landscapes and navigating geopolitical landscapes.
• Actionable Engagement: Utilize resources to embed sustainability across C-suite functions, fostering integration among CFOs, CMOs, and legal teams.

The platform draws inspiration from key global moments, such as the G20 Summit held in Brazil last month, showcasing how visionary leadership is already driving progress toward a sustainable future. By fostering cross-sector collaboration and providing actionable insights, the CEO Agenda establishes sustainability as the cornerstone of business growth and equips leaders to build resilient, future-ready enterprises.

As sustainability reshapes corporate priorities, the CEO Agenda emphasizes the evolving role of the C-suite. Leaders in finance, marketing and legal disciplines are stepping up to address risks and opportunities that transcend traditional boundaries, and integrating social, environmental and political dimensions into their strategies.

“This platform is a rallying call for business leadership to be bold and inclusive,” said Sanda Ojiambo, CEO and Executive Director of the UN Global Compact. “Business leaders want a seat at the table to work collaboratively with governments to meet common goals. By equipping CEOs with resources, insights, and engagement opportunities, the CEO Agenda amplifies their voices and accelerates both sustainable business and sustainable development.”

The UN Global Compact invites CEOs to explore the CEO Agenda and join a growing network of leaders committed to shaping a sustainable and prosperous future for all.

Notes to Editors:

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

For more information on the CEO Agenda, visit https://unglobalcompact.org/ceo-agenda

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New York, United States of America

CEO Water Mandate and European Space Agency Advance Comprehensive Monitoring of Global Water Resources

The CEO Water Mandate — a partnership between the UN Global Compact and the Pacific Institute — and the European Space Agency (ESA) today announced significant progress in their joint initiative to leverage space technologies and innovative digital tools for advancing water security and resilience.

The “Digitizing Water Resilience in Basins” initiative addresses the urgent global challenge of insufficient data and shared understanding of freshwater resources, including water stress, quality, and accessibility.

A Digital Platform for Water-Stressed Basins

As part of its goal to achieve positive water impact in 100 priority basins by 2030, the CEO Water Mandate is leading the development of a cutting-edge digital monitoring platform for 100 of the world’s most water-stressed basins. The platform aims to provide actionable insights into water basin conditions, helping businesses track their contributions to water resilience goals.

Milestones in the CEO Water Mandate-ESA Partnership

During COP28 in December 2023, the partnership announced the selection of its first cohort of projects, marking a transformative step in utilizing space technologies, digital innovation, and IoT to enhance water basin monitoring. Over the past 18 months, these projects have yielded breakthrough results, providing:

• Comprehensive data sets tracking changes in water levels over time and into the future.

• Detailed water quality measurements and pollution source identification.

• Climate impact modelling to predict future basin conditions.

Expert Perspectives

Davide Coppola, Head of Space Applications Initiatives at ESA, emphasized the transformative potential of this collaboration:

“I am delighted to see the initial outcomes of this initiative, confirming how space technologies, combined with digital tools and IoT, can illuminate water stress drivers and intervention impacts—even in the most remote regions. Our collaboration with the CEO Water Mandate and WRC unlocks new opportunities for cross-sectoral cooperation and innovative business models, paving the way for far-reaching socio-economic benefits.”

Jason Morrison, Head of the CEO Water Mandate and President of the Pacific Institute, highlighted the importance of space technology in water management:

“This partnership with ESA is revolutionizing access to water-related data. By integrating satellite observations with innovative technologies, we are opening new frontiers in understanding and protecting freshwater resources worldwide.”

Key Achievements (2023–2024)

The partnership has achieved several milestones:

• Funding Support: ESA allocated €1.5 million to fund eight feasibility studies using satellite data and digital monitoring tools to create detailed diagnostics and impact assessments for selected basins.

• Global Reach: Projects span 13 countries, including Colombia, India, Kenya, Morocco, and the US, setting the stage to expand to 100 priority basins.

• Corporate Engagement: CEO Water Mandate member companies actively contributed to pilot projects, aligning efforts with NPWI monitoring goals.

• Pilot Project Partners: Eight European companies — Agreed Earth, CLS, Development Seed, eLeaf-52impact, EOMAP, eRay, Krucial, and Marple — participated in pilot projects, showcasing scalable solutions.

• Future Development: Plans for expanded corporate support and additional projects are underway.

A Transformative Future for Water Resilience

The CEO Water Mandate-ESA partnership represents a groundbreaking step toward global water resilience. By combining space-based observations with digital tools, the initiative is advancing efforts to protect water sources and ensure water security for future generations.

About the CEO Water Mandate and Water Resilience Coalition

The CEO Water Mandate is a partnership between the UN Global Compact and the Pacific Institute that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals for corporate water stewardship. Mandate endorsers commit to continuous progress against six core elements (direct operations, supply chain and watershed management, collective action, public policy, community engagement, and transparency) and in so doing understand and manage their own water risks. Established in 2007, the CEO Water Mandate was created out of the acknowledgement that global water challenges create risk for a wide range of industry sectors, the public sector, local communities, and ecosystems alike.

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About the Pacific Institute

Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active outreach to influence local, national, and international efforts in developing sustainable water policies. From working with Fortune 500 companies to frontline communities, our mission is to create and advance solutions to the world’s most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat for the CEO Water Mandate, a global commitment platform that mobilizes a critical mass of business leaders to address global water challenges through corporate water stewardship.

About ESA Space Solutions

ESA Space Solutions helps businesses from all corners of Europe to harness space technology to improve life on Earth. We work side by side with industry, developing space-enabled solutions that will grow your business and bring essential socioeconomic benefits. All our activities have a focus on the green transition and the global shift towards a more digital, sustainable future.

To find out how ESA BASS can help your business please visit https://business.esa.int/

COP 29: Spotlighting the U.S. Private Sector’s Role in Climate Action

The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) convened in Baku, Azerbaijan, from November 11–22, 2024. Nicknamed the “Finance COP,” it focused on increasing investments in climate solutions and climate justice. Representatives from nearly 200 countries engaged in critical negotiations, which resulted in outcomes including:

• Triple finance to developing countries, from the previous goal of USD 100 billion annually, to USD 300 billion annually by 2035.
• Secure efforts of all actors to work together to scale up finance to developing countries, from public and private sources, to the amount of USD 1.3 trillion per year by 2035.
• An agreement on carbon markets that will help countries deliver their climate plans more quickly and cheaply, and make faster progress in halving global emissions this decade, as required by science.

While COP29 achieved substantial progress, much work remains. The private sector, a proven driver of innovation and investment, will be critical to sustaining momentum and delivering results.

Sustainable finance in the U.S.

As stewards of capital, businesses have both the resources and expertise to accelerate the transition to low-carbon economies.

investing in climate resilience can make financial sense. Research shows that every dollar invested in climate resilience can save up to seven dollars in disaster relief, underscoring the economic advantages of prioritizing climate action.

UN Global Compact Network USA’s panel at COP 29, "Driving Progress: Sustainable Finance for the Advancement of the Global Climate Agenda," explored the impact of this aspect. Our speakers shared several examples of multi-dimensional approaches to sustainable finance, including:

• Non-finance companies investing in zero-emissions vehicles for cross-cutting impact on the SDGs,
• A bold decision to mobilize and deploy capital in support of a zero-emission goal, including the creation of a $1 trillion commitment to sustainable financing and
• Data-driven insights that can help companies understand the opportunities in climate action.

Gayle Schueller, Ph. D. of 3M, moderated the panel, which featured insight from Bridget Fawcett of Citi, Chris Perceval of S&P Global, and Haydee Nunez of International Motors.

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Building bridges between sectors

The UN Global Compact Network USA is positioned as a key convener and bridge builder, bringing all voices and experts to the table. This is more important than ever, as solving the climate crisis requires unprecedented communication and cooperation across sectors and industries.

For the second year in a row at COP, we were honored to host senior leaders from multinational corporations and the U.S. government at our U.S. Climate Leaders Salon Dinner. These gatherings aim to amplify the United States' role in leading transformative solutions by connecting organizations committed to climate action.

By connecting key members of both the public and private sectors, we aim to amplify the United States’ role in leading transformative solutions.

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A Call to Action

The outcomes of COP29 reaffirm the need for collective action across the public and private sectors. Contact us for more information on how the UN Global Compact Network USA is helping businesses take meaningful steps toward climate action. Together, we can drive progress and build a sustainable future.

The world is warming at an alarming rate, with the past decade being the hottest on record. According to the World Meteorological Organization, 2024 is set to become the hottest year yet, intensifying human and economic costs from floods, wildfires and storms.

The urgency is clear: we must act now to bridge the ever-widening climate finance gap, estimated at $4 trillion annually.

Without substantial investment, particularly from the private sector, we risk blowing past the critical limits set by the Paris Agreement, threatening global stability and livelihoods.

Read on to learn more about COP29 and G20, two global convenings happening this November, and why these global conferences have everything to do with your business.  

COP29 in Azerbaijan: The role of business in climate negotiations

This year's COP29, held in Baku, is known as the "Finance COP" for its focus on mobilizing the funds needed to accelerate global climate action. With the world facing rising temperatures and increasing extreme weather events, there is a pressing need to unlock financial stability to transition to a low-carbon economy. COP29 aims to bridge the climate finance gap by setting new targets, such as the New Collective Quantified Goal (NCQG), which aspires to scale up annual climate funding to $1.8 trillion by 2030.

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Businesses have a critical role to play in meeting these ambitious goals, whether it be in emerging markets where investments in sustainable projects can drive growth and resilience or by exemplifying the benefits of aligning strategies with effective and research-backed climate solutions.

The UN Global Compact is working closely with the private sector to support the alignment of business strategies with national climate commitments, ensuring that companies contribute meaningfully to global climate targets.

G20 Summit in Brazil: Leading the charge for sustainable development

Imagens aéreas locais G20 -
Local G20 aerial images - Kobra Space. Foto: Rafa Neddermeyer/Audiovisual G20

Following COP29, the G20 Summit, held this year in Brazil, is another opportunity for world leaders to align on climate action and sustainable development. G20, or the Group of 20, is the main forum for international economic cooperation. It plays an important role in defining and strengthening global architecture and governance on all major international economic issues and must play a critical role in advancing a nature-positive economy.

As the forum representing the world's largest economies, the G20 is pivotal in shaping policies that drive the global energy transition and reduce carbon emissions and driving private sector action on the SDGs.

The G20 agenda focuses on three key priorities:

1. Social Inclusion and Poverty Reduction
2. Sustainable Development and Energy Transition
3. Reforming Global Governance

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The G20 countries, responsible for 80% of global emissions, are called upon to lead the way in reducing fossil fuel subsidies, increasing investments in renewable energy and supporting the movement towards an equitable and resilient future.

For businesses, this is a chance to engage with policymakers, align with sustainable development goals and champion innovative solutions that drive both profit and positive impact.

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5.11.2024 - Diálogo com participantes do G20 Social no Boulevard Olimpico
Rio de Janeiro, Brasil- 15 de Novembro de 2024- Público do G20 Social . Foto Alexandre Brum/ G20

Rio de Janeiro, Brasil- G20 Social- Rio de Janeiro, Brazil- November 15, 2024- G20 Social Summit- Public of the G20 Social forum Photo: Alexandre Brum/ G20

The benefit for businesses

Both COP29 and the G20 Leaders Summit offer platforms for companies to support global cooperation and create enabling environments.

Additionally, the Business 20 (B20), brings together a private sector task force on specific issues to make recommendations to governments and public institutions to drive ambition.

Through active participation, businesses can:

• Influence Policy: Engage with governments to shape frameworks that support sustainable growth
• Attract Investment: Position themselves as leaders in sustainability, attracting ESG-focused investments
• Drive Innovation: Collaborate on solutions that not only reduce emissions but also open new markets

As the world focuses on climate action and sustainable development, businesses have a unique opportunity to lead the way in creating a greener, more inclusive global economy.

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lBaku, Azerbaijan

The UN Global Compact, in partnership with the UN Environment Programme (UNEP) and UN Climate Change (UNFCCC), hosted the 12th Annual High-Level Meeting of the Caring for Climate initiative at COP29 in Baku today. The event brought together senior leaders from business, finance, government, civil society and the United Nations to focus on advancing climate finance commitments to meet the urgency of the global climate agenda.

The event addressed COP29’s theme as the "Finance COP," underscoring the need to mobilize and align private and public finance to support ambitious climate goals. Participants discussed strategies to accelerate investments that align with Nationally Determined Contributions (NDCs) under the Paris Agreement, and explored ways to convert these national pledges into comprehensive investment roadmaps for climate adaptation, mitigation and resilience.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, highlighted the private sector's pivotal role in the climate finance landscape. Ojiambo stated, “Mobilizing both public and private finance is essential to achieving our climate goals. By bringing together business leaders, governments, and civil society, we are transforming national climate commitments into practical investments that will drive sustainable development and safeguard our future.”

Discussions at the High-Level Meeting focused on several key themes:

• Transforming NDCs into Actionable Plans: Leaders discussed the urgent need for scalable public-private partnerships that can mobilize the trillions of dollars required to finance the transition to low-carbon economies. The meeting explored methods to streamline investment processes and integrate climate risk considerations into financial decision-making.
• Unlocking Private Sector Potential: Participants highlighted the role of private finance in bridging funding gaps, particularly for climate adaptation projects in vulnerable regions. Attendees identified pathways for private investors to contribute meaningfully to national climate objectives, including through innovative financing models, blended finance, and policy alignment.
• Supporting Developing Nations: The meeting underscored the importance of channeling finance to developing countries, ensuring that climate action is inclusive and equitable. Discussions focused on scaling finance solutions that can support adaptation in the most climate-affected regions, with the aim of building resilience and sustainable growth.

The Caring for Climate High-Level Meeting has become a central forum for private sector engagement at the UN Climate Change Conferences since its launch in 2007. Each year, it provides an exclusive platform for dialogue where business leaders share insights, commit to action and influence policy on climate-related issues. This year’s session marked a critical moment to reaffirm global commitments in support of the UN Secretary-General’s climate priorities and set a vision for finance that drives tangible results.

The UN Global Compact has also been collaborating with the NDC Partnership and with the UN System under the Climate Promise 2025, engaging in dialogues with various Member States to promote meaningful private sector involvement in the NDC process, leveraging business innovation and investment for impactful climate action. Launched in 2019, the Climate Promise is currently the largest global initiative supporting NDCs, engaging more than 120 countries. It addresses critical areas such as emissions reduction, adaptation strategies, financing, and policy alignment to help countries meet their climate goals.

Notes to Editors

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

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The importance of gender diversity in workplaces cannot be overstated. Studies from McKinsey & Company and Harvard Business Review have shown that diverse perspectives contribute to more robust decision-making processes, improved company performance, and more nuanced and effective changes when companies harness the power of heterogeneous ideas. In my experience, women can offer crucial perspectives that are vital to fostering innovation within organizations and addressing complex challenges.

That’s why the UN Global Compact Network USA (Network USA) has emphasized the significance of diverse workplaces to help achieve the Sustainable Development Goals and foster economic growth, as women’s perspectives, ideas, and leadership are not just included but thoroughly incorporated at every level of an organization. One of our programs, the Target Gender Equality Accelerator, offers participating companies the opportunity to deepen their implementation of the Women’s Empowerment Principles and strengthen their contribution to Sustainable Development Goal 5.5, which calls for equal women representation, participation, and leadership in business globally.

Ann Tracy, Chief Sustainability Officer at Colgate-Palmolive, recently assumed the role of Board Chair for the UN Global Compact Network USA. Network USA sat down with her to discuss the critical importance of promoting diversity and inclusion within corporate environments.

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Interview Questions:

1. Diversity was one of the topics addressed at Network USA’s SDG Summit USA, which recently took place during the 79th United Nations General Assembly. As Chair of Network USA, what do you hope attendees took away from the event?

 I was really impressed with the level of expertise at the event's panels and enjoyed hearing their diverse, unique perspectives.

 I hope attendees walked away with a deeper appreciation for how diverse leadership teams can drive stronger results. By integrating a variety of perspectives, particularly at the highest levels of the corporate hierarchy, I believe companies can foster more innovative and effective solutions, which in turn enhance overall business performance.

Another key takeaway is the understanding of how diversity at leadership levels profoundly impacts organizational culture. Diverse C-suites contribute to a more inclusive and dynamic work environment, which not only attracts top talent but also retains and engages employees. This enriched culture supports sustained organizational success and resilience.

I strongly believe that diversity of thought is crucial at all levels of leadership, and I’m proud that where I work, Colgate-Palmolive, approximately 50% of our salaried and clerical employees are women, reflecting our longstanding commitment to gender diversity. This is important because having diverse perspectives within our board, senior leadership, and workforce allows us to better understand and connect with our employees, consumers, customers, investors, partners – all of our stakeholders.

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2. Can you speak to the diverse makeup of the current Network USA Board?

I am proud to have served on the UN Global Compact Network USA Board of Directors for the past four years. Diversity, in all forms, has always been a priority as we consider who we invite to lead. I’m pleased to say that our board reflects this commitment, with a varied range of backgrounds and companies represented.

Our aim is to cultivate a board that not only brings a diverse wealth of experience and expertise but also embodies key leadership qualities, including empathy, collaboration, and the ability to listen and incorporate feedback. This alignment shapes our board’s culture and strengthens our collaboration with the Network USA staff and UNGC more broadly.

I’m particularly encouraged by the increasing prominence of female leaders in sustainability roles. Consider the UN Global Compact Network USA board: 64% of our directors are women. This aligns with broader industry data, as 58% of Chief Sustainability Officers (CSOs) are now women, according to the 2023 Weinreb Group’s 2023 CSO Report.

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3. Could you share any advice on how companies can effectively address the current challenges in increasing women’s representation at all levels?

Companies with balanced female representation at the board, senior management, and workforce levels have a business advantage, as diversity of thought is proven to drive stronger business outcomes. For companies aiming to increase female representation, it’s essential to assess your skills matrix and identify where gaps need to be filled. In most cases, companies will find that there are numerous qualified female leaders with the necessary skills to contribute effectively.

At Network USA, we evaluate our skills matrix to guide the selection of the next generation of leadership. This approach ensures that we maintain a well-rounded and diverse board.

To achieve gender balance on boards, for example, organizations can engage with resources such as the 50/50 Women on Boards or Women on Boards Project. These organizations offer valuable support and serve as a starting point for companies seeking to enhance diversity by tapping into a pool of talented female leaders. 

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4. Considering the recent decline in women’s appointments to corporate boards, what actions do you think are necessary to reverse this trend?

For women aspiring to join boards, I encourage you to leverage your network: reach out to a female colleague or acquaintance who is serving on a board and ask to learn more about their journey. In my experience, many women in various industries struggle with imposter syndrome, questioning whether they are qualified for board roles. However, whether in the nonprofit or private sector, boards can greatly benefit from women's unique talents and perspectives. I firmly believe that companies thrive when they have women represented at all leadership levels.

I also encourage women to engage with the many organizations that offer board skills training, equipping them with the tools needed to succeed in these roles.

For members of Network USA, I highly recommend exploring UN Global Compact programs, which are specifically designed to promote gender equality in corporate settings. For example, the Target Gender Equality Accelerator offered by Network USA is a nine-month program that helps companies develop strategies to integrate gender equality into their operations.

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5. What advice would you give to young female professionals aspiring to leadership positions in the corporate world today?

When planning your career, think beyond just the next job in front of you. Consider your long-term goals – what position do you envision yourself in five, ten, or even 15 years from now? It’s important to look far ahead, because there isn’t a single path to achieve success. Rather, setting that longer-term milestone goal is an important first step.

In both the short and medium terms, focus on what you want to be “known for.” Identify your strengths, choose one to three key objectives, and dedicate yourself to achieving them with excellence. This will help shape your professional story and build your reputation.

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What is COP?

COPs, or Conference of the Parties, are the decision-making bodies of international conventions acting as binding agreements between countries. They are generally held on an annual or biennial basis and serve as the formal meeting for Parties to such treaties, composed mainly of national governments and regional economic integration organizations such as the European Union. The main purpose of each COP is to negotiate how to address certain issues and then assess progress on them.

The Rio Conventions

The Rio Conventions are three conventions that stem from agreements made during the 1992 Earth Summit in Rio de Janeiro. They focus on:

1. Climate Change
2. Biodiversity
3. Desertification

While the UN Framework Convention on Climate Change (UNFCCC) COP often dominates in the media and popular discussion, the other two COPs, for the Convention on Biological Diversity (CBD) and for the UN Convention to Combat Desertification (UNCCD) are also critical to ensuring a safe, healthy and sustainable future for all. The other two are beginning to gain more traction as communities continue to see a rapid increase in ecosystem damages, biodiversity loss, droughts and land degradation.

What are the outcomes of COPs and who attends them?

The negotiations at COPs carry the potential to define measures and secure mandates to address some of the biggest environmental challenges of our time. They also serve as a way to track progress and hold countries accountable for their actions, or lack thereof.

While COP negotiations are led by Parties, they have evolved to include a broader range of stakeholders. Non-state actors—such as UN agencies, Intergovernmental Organizations (IGOs) and Non-Governmental Organizations (NGOs)—can participate as accredited Observers. While private sector entities cannot  receive official observer status, they are often included in the delegations of an admitted observer organization or Government.

Group photo of world leaders meeting at the 'Earth Summit' in Rio de Janeiro, Brazil, 13 June 1992. UN Photo/Michos Tzovaras

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COP16: Biodiversity (CBD) and Business

The CBD COP16 on Biodiversity will take place from 21 October to 1 November 2024 in Cali, Colombia. The last CBD COP in Montreal, Canada (2022) produced the landmark “Global Biodiversity Framework,” which aims to halt and reverse global biodiversity loss by 2030.

CBD COP16, with an official theme of “Peace and Nature,” will be the first Biodiversity COP since the adoption of the framework. CBD COP16 presents the first opportunity to collectively measure progress toward its targets, as well as review, consider and propose country-level strategies to advancing progress toward biodiversity protection and restoration.

As current progress towards the targets set by the Global Biodiversity Framework is severely lacking, CBD COP16 will be a critical convening to drive ambitious strategies, close the financing gap and increase collaboration and key partnerships. Three key topics for CBD COP16 include:

• Mobilizing of the financial resources
• Operationalizing the target monitoring framework to enable governments to report on progress
• Finalizing the multilateral mechanism on fair and equitable Access and Benefit Sharing (ABS) from the use of digital sequence information on genetic resources

Target 15 of the Global Biodiversity Framework, which tasks business with assessing, disclosing and reducing biodiversity-related risks and negative impacts will be the central focus for business at COP16. Through comprehensive nature strategies, engagement with Government and peer-to-peer collaboration, business can play a critical role in achieving a nature-positive future.

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COP29: Climate Change and Business

The UN Climate Change Conference 2024 (COP 29) will take place from 11-22 November 2024 in Baku, Azerbaijan. Over the years, the UNFCCC COPs have focused on the overarching themes of Mitigation, Adaptation and Means of Implementation (finance, technology and capacity building). Since the adoption of the Paris Agreement, other issues have been central to the discussions, such as reporting and transparency, market-based mechanisms, loss and damage and just transition.

This year’s UNFCCC COP is informally  referred to as the “finance COP” given the negotiations on a new collective quantified goal (NCQG) on climate finance from a floor of $100 billion per year (an original climate finance goal by 2020 agreed by the COP in 2009-2010). Other key issues under negotiation are:

• Finalizing an agreement on Article 6, which is focused on the development and use of  carbon credit mechanisms and non-market mechanisms to reach climate targets
• Building momentum and increasing ambition on countries’ climate transition plans, formally referred to as Nationally Determined Contributions (NDCs), which are due to be revised and submitted by February 2025
• Ensuring the timely submissions of the first Biennial Transparency Reports (BTRs), which are due by 31 December 2024, to build confidence and trust across countries as they report on their progress

The UN Global Compact will be host to a Pavilion in the Blue Zone at UNFCCC COP 29. All business participants are welcome to join us for events hosted by the UN Global Compact, its Country Networks and other partners, meet experts and practitioners from around the world, network, and engage with business leaders.

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COP16: Combating Desertification (UNCCD) and Business

UNCCD COP16 on Desertification

The Desertification COP takes place from 2-13 December 2024 in Riyadh, Saudi Arabia. COP16 will be the largest-ever meeting of UNCCD’s 197 Parties and the first to be held in the Middle East region and will focus on:

• Land restoration
• Drought resilience
• Land at the heart of the SDGs
• Women’s land rights

In advance of the UNFCCC COP30 in 2025, both biodiversity- and land-focused COPs are expected to significantly influence discussions and outcomes in Brazil next year.

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Take Action

COPs provide businesses with a unique opportunity to collaborate with the public sector to accomplish mutually beneficial negotiations to protect the health of the climate. With access to resources and expertise, businesses can invest in climate solutions, engage in policy discussions and build partnerships with key environmental stakeholders—all at the three COPs.

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As we enter the final quarter of the year, following the 79th United Nations General Assembly (UNGA 79), I reflect on the past few months with immense pride in the private sector’s efforts to drive responsible and sustainable business practices.

Under Secretary-General António Guterres’s leadership, the Pact for the Future was adopted, uniting governments, businesses, and civil society to commit to future-oriented, long-term goals like sustainable development, climate action, and digital cooperation.

This commitment extended to our global Leaders Summit, where more than 1,000 leaders gathered to exchange tools and strategies for mobilizing private capital, advancing responsible business practices, and fostering innovation toward the 2030 Agenda.

Here in the U.S., we are bolstering private sector action in several ways. Here’s a snapshot of our work in the past quarter:

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Growth & Engagement
​​​In Q3 2024, we welcomed 53 new participants, expanding our network. We’re also excited to announce the appointment of our new Head of Engagement, Lucy Barry. Looking ahead, our Engagement Team will attend VERGE 24 later this month. If you’re attending, we’d love to connect!

UNGA & SDG Summit USA
Our flagship event during the UN General Assembly, SDG Summit USA, brought together over 200 business, government, and UN leaders. This unique conference, focused on celebrating U.S. private sector contributions to sustainability, spotlighted key areas such as sustainable finance, DEI, regulation and reporting, and corporate water stewardship. We also hosted intimate roundtable discussions to facilitate in-depth knowledge sharing.

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A special thank you to our co-presenting sponsor, Accenture, for hosting this event for the third consecutive year, to our supporting sponsor BASF, and to our roundtable sponsors FMC and Salesforce.

Companies aiming to incorporate the SDGs more deeply into their operations are encouraged to apply for the SDG Ambition Accelerator. Additionally, starting October 31, emerging leaders can apply for our SDG Innovation program.

New York Climate Week
At our recent event, “Enhancing Your Company’s Climate Impact with the United Nations Global Compact,” companies gained insights on scaling climate action through Network USA. The event reinforced the importance of aligning corporate strategies with science-based frameworks like the Science-Based Targets initiative. Attendees heard from industry leaders about setting targets, reducing emissions, and fostering internal support for ambitious climate action.

We extend our thanks to Lucid Motors for hosting this wonderful event.
Next, we will be at COP 29 in Baku, where we will continue promoting private sector action on climate and the environment.

Business & Human Rights
Last July, the UN’s High-Level Political Forum raised awareness of the importance of lifting populations out of poverty. In alignment with this topic, we hosted an official side event that spotlighted the private sector’s role in promoting living wages and fair labor practices. We were honored to hear from distinguished speakers from Álvarez‐Díaz & Villalón, ASCM, and the U.S. Department of Labor.
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Companies interested in embedding human rights in their operations are invited to apply for the Business and Human Rights Accelerator, with spots available on a first-come, first-served basis for 20 companies.

Thought Leadership
During UNGA, the UN Global Compact released five pivotal reports covering the private sector’s role in accelerating the SDGs, sustainable finance innovation, public-private collaboration on global food systems, oceans and maritime industries, as well as the transformative potential of generative AI. These reports offer actionable insights for businesses, policymakers, and stakeholders.  

Network USA will soon launch its own thought leadership report on sustainable finance in the U.S., providing insights and strategies for businesses to deepen their SDG engagement.

As we move forward into the final stretch of the year, we remain committed to fostering collaboration and driving meaningful change through sustainable business practices. Thank you for your ongoing support and contributions to these initiatives. Together, we will continue advancing the SDGs and shaping a more just and sustainable future for all.
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Best,

Richard Pearl
Acting Executive Director
UN Global Compact Network USA

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New York, United States of America

The United Nations Global Compact hosted its first annual Chief Marketing Officer (CMO) Forum today, gathering leading CMOs, growth leaders, industry organizations, and United Nations representatives during the UN General Assembly High-Level Week. This exclusive, invitation-only event provided a unique platform for senior marketing leaders to engage in critical discussions about their role in advancing sustainability and driving the success of the 2030 Agenda for Sustainable Development.

The CMO Forum highlighted the transformational power of marketing in building a more sustainable, inclusive, and resilient global economy. Through insightful exchanges and thought-provoking dialogues, participants explored how brands can amplify their impact on people, planet, and prosperity while steering their industries toward long-term sustainable growth.

Key Highlights from the CMO Forum

The Forum began with opening remarks by Sanda Ojiambo, CEO and Executive Director of the UN Global Compact who set the stage for an engaging day of discussion, emphasizing the potential of marketing leaders to catalyze action for sustainability: “Marketing leaders have a unique and powerful role in shaping how businesses respond to the urgent challenges of our time. By embedding sustainability at the core of their strategies, CMOs can drive not only consumer behavior but also transformational change within their industries. The UN Global Compact is proud to support these efforts as we work together to build a more equitable, inclusive, and sustainable future.”

Doug Peterson, President and CEO of S&P Global and Board Member of the UN Global Compact delivered a keynote address, urging marketing leaders to treat sustainability as an essential business imperative. Peterson underscored the urgency of addressing environmental, social, and governance (ESG) challenges, noting that businesses which prioritize people, planet and prosperity will be best positioned to thrive in the evolving global landscape.

One of the Forum’s key sessions, titled "Growth Redefined," delved into how companies can embrace a new growth model focused on sustainability and inclusivity. Participants explored strategies for moving away from traditional profit-centric approaches toward long-term, value driven growth that benefits society as a whole.

The second major dialogue, "Transformative Innovation," showcased how sustainable innovation can unlock new business opportunities, driving both competitive advantage and positive societal and environmental impact. Marketing leaders shared real-world examples of how aligning innovation with sustainability goals fosters resilient business models and builds consumer trust while addressing critical global challenges. They also highlighted how focusing on core brand strengths can bridge the gap between consumer intent and action.

Outcomes and Next Steps: Developing the CMO Blueprint

Building on the insights gained, the Forum will contribute to the creation of the CMO Blueprint, a strategic framework designed to help marketing leaders integrate sustainability at the core of their business strategies. This Blueprint will offer actionable guidance on how CMOs can make meaningful, measurable commitments to sustainable growth, ensuring that marketing plays a leading role in driving corporate sustainability agendas.

The Forum highlighted the unique ability of marketing leaders to not only communicate the importance of sustainability but to champion innovative approaches that transform business operations and consumer behaviors. By aligning with the United Nations Sustainable Development Goals (SDGs), CMOs have a vital role in shaping the future of their industries and promoting a more equitable and sustainable world.

Looking Ahead: A Call to Action for Marketing Leaders

The 2024 CMO Forum was not just a meeting of thought leaders but a rallying call for action. It reaffirmed the indispensable role that marketing plays in creating a sustainable future and inspired participants to embrace bold, innovative solutions that drive meaningful, lasting impact. As the Forum’s outcomes take shape through the launch of the CMO Blueprint in 2025, the marketing industry is positioned to lead transformative change on a global scale.

Notes to Editors

About UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

UN Global Compact CMO Think Lab

The United Nations Global Compact is convening an esteemed group of CMOs to advise on the challenges, opportunities, and needs of global marketing leaders as part of the first-ever CMO Think Lab. This group will design a roadmap that will inform future programming, empowering CMOs with the knowledge and tools needed to drive sustainable growth and positive impact. The CMO Think Lab is by invitation only. It offers a small group of leading organizations a collaborative space to actively contribute to the development of thought leadership content through interactive workshops, consultations, calls, webinars and other activities. Learn more:  https://unglobalcompact.org/take-action/think-labs/chief-marketing-officer

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New York, United States of America

The United Nations Global Compact successfully concluded its 2024 SDG Investment Forum, an event that brought together leaders from business, finance, government, and civil society to explore innovative ways to mobilize private capital towards achieving the Sustainable Development Goals (SDGs). Held during the United Nations General Assembly, the forum culminated with the launch of a groundbreaking report Accelerating Innovation in Sustainable Finance.

The SDG Investment Forum is a cornerstone event in the global effort to accelerate sustainable finance, emphasizing the importance of aligning investment practices with the SDGs to address the world’s most pressing challenges.

This year’s forum featured high-level discussions and workshops focused on actionable strategies to bridge the significant financing gap needed to achieve the SDGs by 2030 as outlined in the key findings of the report:

• Increased Private Investment is Essential: The report highlights the urgent need for increased private investment, particularly in emerging markets where the financing gap is most pronounced. With global private financial assets totaling $200 trillion, the report calls for innovative mechanisms to unlock this capital and direct it towards sustainable development.
• Overcoming Structural Barriers: The report identifies key challenges such as the lack of transparency, the mismatch between risk and returns, and the need for better integration of sustainability into financial markets. It advocates for the establishment of global sustainability reporting standards and the use of innovative blended finance tools, new outcomes-based financing mechanisms, and technologies like AI to bridge data gaps, especially in emerging markets.
• The UN’s Leadership Role: The report emphasizes the UN’s unique position to convene global stakeholders, standardize sustainability practices, and promote transparency in financial markets. It calls for the UN to lead efforts in creating de-risking mechanisms and fostering partnerships that can drive the integration of sustainability into corporate and financial decision-making.

The 2024 SDG Investment Forum featured key sessions on topics including innovative financing mechanisms, sustainability-linked investments, gender-led investing,  and the role of technology in driving sustainable finance. Participants explored the potential of public-private partnerships and blended finance to mitigate risks and unlock greater investment flows into sectors critical to achieving the SDGs.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, emphasized the transformative potential of private capital in sustainable finance: With $200 trillion in global private financial assets, the potential for the financial sector to drive sustainable development is immense. Our recently launched report,  Accelerating Innovation in Sustainable Finance, underscores that it's not just about identifying the challenges but about creating innovative mechanisms that unlock private investment—particularly in emerging markets where the financing gap is most critical. The work we’re doing, alongside our partners, is setting the foundation for a global shift in capital markets, ensuring that investments drive both financial returns and impactful, long-term value creation for a sustainable future."

Christian Stracke, Global Head of Credit Research at PIMCO and Co-Chair of the CFO Coalition for the SDGs, emphasized the need for urgent action: "We see continued momentum in the sustainable investing megatrend as more investors align with environmental and social goals. We commend the UN's latest report and its crucial role in mobilizing private finance to support the SDGs. By fostering collaboration between public and private sectors, we can create a more sustainable future together."

Alberto De Paoli, Head of Rest of the World at Enel and Co-Chair of the CFO Coalition for the SDGs said “We stand at a critical juncture where the financial sector must step up and lead by example. The alignment of private capital with the SDGs is no longer optional—it is essential. Through innovative mechanisms as sustainability-linked and blended finance, we can leverage public and private investments to not only address the most pressing global challenges but also demonstrate that sustainability generates tangible economic and financial value. By channeling the immense financial resources at our disposal into sustainable investments, we can create a more resilient, equitable future.”

Douglas L. Peterson, President and CEO of S&P Global; Member of UN Global Board and strategic advisor to the CFO Coalition for the SDGs noted that: “The global financial system stands at a pivotal moment. To meet the challenges of the 21st century, we must rethink how capital flows are directed. Sustainable finance—underpinned by transparency, accountability, public-private sector cooperation, and innovation—will drive the transformation we need to achieve the SDGs.”

The Forum also laid the groundwork for discussions at the Summit of the Future and the Fourth International Conference on Financing for Development in Spain next year. These events will further explore the strategies and tools presented in the report to build a more transparent, resilient, and sustainable global economy. Central to these discussions will be the Forward Faster Initiative, a key pillar of the UN Global Compact's strategy to accelerate private sector contributions toward the SDGs. By harnessing innovation, investment, and collaboration, the initiative aims to fast-track the transition towards sustainable and inclusive economic systems, ensuring that the pace of progress matches the urgency of the global challenges we face.

Notes to Editors

About the CFO Coalition for the SDGs

The UN Global Compact CFO Coalition for the SDGs is the first UN initiative to mobilize finance chiefs and their corporations to create the necessary environment to attract more private capital towards sustainable development. It provides Chief Financial Officers (CFOs) worldwide with a platform to collaborate with peers, investors, financial institutions, and UN agencies to develop principles, frameworks, and recommendations to integrate the Sustainable Development Goals (SDGs) in corporate finance and create a market for mainstream SDG investments. For more information, follow @globalcompact and visit our website at www.cfocoalition.org.  To sign up please visit https://www.cfocoalition.org/get-involved

About the United Nations Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

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New York, United States of America

The UN Global Compact Leaders Summit 2024 concluded today in New York, after a day of dialogue and action focused on accelerating progress towards the Sustainable Development Goals (SDGs). The Summit gathered almost a thousand leaders from business, government, civil society, and the United Nations to explore strategies for meeting the 2030 Agenda through responsible business practices, innovation, and partnerships.

Throughout the event, attendees engaged in plenary sessions, interactive breakouts, and networking opportunities. Highlights included:

• "The Technology Supercycle and its Promise for our Shared Future" led by Amy Webb, Founder of Future Today Institute, exploring the role of emerging technologies like AI in driving sustainable development.
• "Accelerating Towards 2030" with Don Cheadle, UN Environment Programme Goodwill Ambassador, emphasizing how communities most affected by global challenges must lead the solutions.

• Rights & Bytes: Frontiers of AI and Human Rights, which discussed corporate responsibility in the age of AI.
• The Dos and Don’ts of Sustainable Supply Chains, addressing the best practices for responsible sourcing and environmental stewardship in global supply chains.
• Gender Equality by Design, offering practical tools and strategies for businesses to achieve equity and inclusion goals.
• Corporate Investments for Climate Ambitions, highlighting how companies can align their financial strategies with bold climate actions.

The Leaders Summit also focused on private sector efforts in five key areas outlined by the Forward Faster initiative: gender equality, climate action, living wage, water resilience, finance and investment.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, emphasized the transformative potential of private capital in sustainable finance: “Business already partners with government on healthcare, education, and scientific advancement, but now, more than ever, the financial sector must step into a pivotal role. With $200 trillion in global private financial assets, the potential for driving sustainable development is immense. This report underscores that it's not just about identifying the challenges but about creating innovative mechanisms that unlock private investment — particularly in emerging markets where the financing gap is most critical. The work we’re doing, alongside our partners, is setting the foundation for a global shift in capital markets, ensuring that investments drive both financial returns and impactful, long-term value creation for a sustainable future."

A key highlight of the Summit was the announcement of the 2024 SDG Pioneers. These awards recognize a select group of business professionals from around the world who are advancing the SDGs through leadership and innovation within their organizations. The winners were honoured across multiple regions, including Asia-Oceania, Latin America, and Western Europe, with awards given to employees in large multinational companies and small and medium-sized enterprises (SMEs). The SDG pioneers are using their influence to drive positive change across industries, from advancing renewable energy solutions to tackling gender inequality and ensuring sustainable production practices.

As the Summit concluded, the call to action for the business community was clear: the private sector must move beyond commitments and take concrete, measurable steps to create lasting global impact.

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New York, United States of America

The UN Global Compact Leaders Summit 2024 concluded today in New York, after a day of dialogue and action focused on accelerating progress towards the Sustainable Development Goals (SDGs). The Summit gathered almost a thousand leaders from business, government, civil society, and the United Nations to explore strategies for meeting the 2030 Agenda through responsible business practices, innovation, and partnerships.

Throughout the event, attendees engaged in plenary sessions, interactive breakouts, and networking opportunities. Highlights included:

• "The Technology Supercycle and its Promise for our Shared Future" led by Amy Webb, Founder of Future Today Institute, exploring the role of emerging technologies like AI in driving sustainable development.
• "Accelerating Towards 2030" with Don Cheadle, UN Environment Programme Goodwill Ambassador, emphasizing how communities most affected by global challenges must lead the solutions.

• Rights & Bytes: Frontiers of AI and Human Rights, which discussed corporate responsibility in the age of AI.
• The Dos and Don’ts of Sustainable Supply Chains, addressing the best practices for responsible sourcing and environmental stewardship in global supply chains.
• Gender Equality by Design, offering practical tools and strategies for businesses to achieve equity and inclusion goals.
• Corporate Investments for Climate Ambitions, highlighting how companies can align their financial strategies with bold climate actions.

The Leaders Summit also focused on private sector efforts in five key areas outlined by the Forward Faster initiative: gender equality, climate action, living wage, water resilience, finance and investment.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, emphasized the transformative potential of private capital in sustainable finance: “Business already partners with government on healthcare, education, and scientific advancement, but now, more than ever, the financial sector must step into a pivotal role. With $200 trillion in global private financial assets, the potential for driving sustainable development is immense. This report underscores that it's not just about identifying the challenges but about creating innovative mechanisms that unlock private investment — particularly in emerging markets where the financing gap is most critical. The work we’re doing, alongside our partners, is setting the foundation for a global shift in capital markets, ensuring that investments drive both financial returns and impactful, long-term value creation for a sustainable future."

A key highlight of the Summit was the announcement of the 2024 SDG Pioneers. These awards recognize a select group of business professionals from around the world who are advancing the SDGs through leadership and innovation within their organizations. The winners were honoured across multiple regions, including Asia-Oceania, Latin America, and Western Europe, with awards given to employees in large multinational companies and small and medium-sized enterprises (SMEs). The SDG pioneers are using their influence to drive positive change across industries, from advancing renewable energy solutions to tackling gender inequality and ensuring sustainable production practices.

As the Summit concluded, the call to action for the business community was clear: the private sector must move beyond commitments and take concrete, measurable steps to create lasting global impact.

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SDG Summit USA, held during the 79th session of the United Nations (UN) General Assembly, brought together over 200 senior leaders from major U.S. companies, the UN, U.S. Government, and civil society organizations. This flagship event of UN Global Compact Network USA (Network USA), the U.S. chapter of the United Nations Global Compact, is the only conference held during the United Nations General Assembly that is focused on celebrating the successes of the U.S. private sector in the sustainability space and exploring how American businesses can further contribute to the 2030 Agenda for Sustainable Development.

SDG Summit USA spotlighted key areas for driving U.S. business contributions toward the Sustainable Development Goals (SDGs), including sustainable finance and investment; diversity, equity, and inclusion (DEI); regulation and reporting; and corporate water stewardship. These topic areas aligned with the five pillars of the ForwardFaster Initiative of the UN Global Compact, which challenges companies worldwide to set ambitious SDG targets. Through panels and roundtables featuring experts on these topics, the event provided a platform for dialogue on how companies can leverage these areas to enhance their impact and leadership in sustainability.

Richard Pearl, Acting Executive Director of the UN Global Compact Network USA, emphasized the opportunity Network USA provides to catalyze collaboration for meaningful progress toward the Global Goals. In his remarks, he noted, "This collaborative and supportive forum, where we can have ambitious conversations grounded in core business practices, is essential, especially in times of uncertainty."

Mindy Lubber, CEO and President of the sustainability nonprofit Ceres, was the keynote speaker. In her remarks, she acknowledged companies' influence on the 2030 Agenda for Sustainable Development saying, "When a business of your stature commits to the Sustainable Development Goals, the ripple effect is profound." She continued, "By leading the way, you create a powerful incentive for others to follow, multiplying the impact of your commitment to the SDGs.

The UN's 2024 SDG Report pointed out that global progress toward the SDGs is significantly off track. Among the 169 targets, only 17% are on course for achievement by 2030, while nearly half are diverging notably from their intended paths. Alarmingly, 18% of the targets have stagnated or worsened since 2015, underscoring the need for urgent and intensified action to redirect efforts and meet the SDGs.

SDG Summit USA highlighted opportunities for US businesses to amplify their impact and establish leadership to propel the SDGs forward.

The event, held at the Accenture offices in New York, was made possible by its presenting sponsor, Accenture, and supporting partners BASF, FMC, and Salesforce.

About UN Global Compact Network USA

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater U.N., Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit https://www.globalcompactusa.org/.

New York, United States of America

In today's ever-evolving world, resilient and inclusive multilateralism is crucial to addressing common challenges, promoting sustainable growth, improving the environment for enterprises–especially small and medium enterprises–harnessing the full potential of digitalisation and ensuring prosperity for future generations. The business community has engaged with the United Nations Secretariat and Member States in this process, underscoring that the private sector is ready to foster positive change by developing and implementing key targets that get results.

On the occasion of the Summit of the Future, the global business community recognizes that inclusive and effective multilateralism, based on principles of the sovereign equality of all its Members and the mutual respect for their diverse cultures and national development priorities, is critical to ensure the conditions for people to live a decent life, leaving no one behind and enabling all to participate in society, through a renewed social contract inspired by the Pact of the Future:

Sustainable Development: The Sustainable Development Goals (SDGs) serve as a comprehensive roadmap for tackling pressing global imperatives, such as eradicating poverty, ensuring access to quality health care, reducing inequalities and mitigating climate change. Enabling environments for sustainable enterprises, full and productive employment and robust local and national economies are vital for prosperity.

Risk Mitigation: Multilateralism facilitates the collective action needed to manage global risks, such as pandemics, climate change and cybersecurity threats. By supporting UN efforts, businesses contribute to risk mitigation and bolster resilience.

Future Prosperity: Businesses recognise that a stable, interconnected world committed to the principle of equal sovereignty and respect for diverse cultures is fundamental to their long-term viability, reputation and resilience. Ensuring meaningful representation for businesses in formal and informal multilateral dialogues enables opportunities to align the goals of the intergovernmental community with strategic business interests, contributing to a better future for all.

Global Stability: Multilateral intergovernmental mechanisms, such as the UN, play a pivotal role in upholding global stability, peace and cooperation. Effective collaboration amongst nations provides businesses with a more predictable and stable international environment conducive to trade, investment, and sustainable development.

Market Access and Trade Opportunities: Multilateral agreements negotiated through the UN and related bodies provide access to broader markets by reducing trade barriers, harmonizing regulations and standardizing practices. These agreements promote fair competition and facilitate cross-border commerce. The private sector stands ready to provide tools and expertise to speed their implementation.

Innovation and Technology: Multilateral cooperation facilitates knowledge sharing, innovation and technology. Such cooperation hinges on effective collaboration with and meaningful input from all stakeholders. The private sector increasingly contributes expertise to explore sustainable, innovative solutions, advance research and collaborate on cutting-edge technologies that resolve global challenges.

Human and Labour Rights: Human rights serve the whole of society– not only the individual – and are central to the social contract. The UN advocates for respect for human rights, fundamental principles and rights at work, and ethical business practices. They also promote decent work and adherence to international standards. All stakeholders, including businesses, employees and their families, benefit from a framework that promotes responsible practices.

As international business organizations along with the UN ECOSOC Business and Industry Major group, we endorse this Statement and stand ready to work with Government and UN leaders to embrace business as an essential partner in a renewed social contract for people and the planet.

This statement is endorsed by the International Chamber of Commerce, International Organization of Employers and the World Business Council for Sustainable Development

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New York, United States of America

The UN Global Compact successfully concluded the 2024 Private Sector Forum today at the UN Headquarters in New York City. Held as part of the UN General Assembly's High-Level Week, this year’s Forum brought together over 100 CEOs, and global leaders to address critical global challenges and advance the Sustainable Development Goals (SDGs).

In the keynote address, UN Secretary-General António Guterres underscored the need for decisive, collective action following the adoption of the Pact of the Future which reinforced the importance of resilient global cooperation to tackle pressing challenges like climate change, inequality, and economic instability: “The adoption of the Pact for the Future yesterday represents an important step towards a stronger and more inclusive multilateral system — one fit to address today’s global challenges and accelerate our efforts for the Sustainable Development Goals. We now need the support of all stakeholders, including the private sector, to ensure that the Pact’s ambitions are translated into meaningful change on the ground.” he said.

Driving Business Action on the SDGs

The Forum marked the one-year milestone of the Forward Faster initiative, which has gathered momentum as a global platform for corporate action on the SDGs. The 2024 Forward Faster progress report reveals that over 1,700 companies have committed to accelerating their contributions to the SDGs through more than 4,360 individual targets across key action areas including Gender Equality, Climate Action, Living Wage, Water Resilience, and SDG Finance & Investment, aligned with the 2030 agenda.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, reflected on the significance of the Forum stating: "Following the transformative discussions at the Summit of the Future, it is more evident than ever that multilateral cooperation is essential to addressing global challenges and achieving the Sustainable Development Goals (SDGs). The private sector has a critical role in supporting this collective effort. The 2024 Private Sector Forum has shown how businesses, by working together, can turn the ambitions set forth at the Summit into tangible actions that foster sustainable growth, resilience, and shared prosperity for all."

Policy Enablers Report: Unlocking Private-Sector Action for SDGs

The Policy Enablers for Private-Sector SDG Acceleration report was another focal point of the Forum. This report emphasizes the crucial role of public policy in enabling the private sector to drive progress on the SDGs. It calls for bold leadership, inclusive governance and strong political will from governments, business and civil society. Drawing on insights from five countries — Angola, Brazil, Egypt, India, and South Africa — it highlights the need for cross-sector collaboration, public-private partnerships, and tailored policy solutions to accelerate key transitions in digital access, clean energy, and fair working conditions.

The Role of Legal Leaders In addition, the Forum officially launched the UN Global Compact's Legal Council, a new platform for legal leaders to engage in policy advocacy and support the Forward Faster initiative. The Legal Council will play a critical role in analyzing global regulatory environments, offering strategic guidance, and removing barriers to sustainability, ensuring businesses contribute to achieving the SDGs.

Statement on Multilateralism

Renewed commitments to multilateralism were also on display, with the global business community endorsing the Global Business Statement on the Need for a Strong, Inclusive, and Effective Multilateralism, initiated by the UN Global Compact, International Organisation of Employers, World Business Council for Sustainable Development, and the International Chamber of Commerce. The statement reinforced the importance of resilient and inclusive multilateralism in addressing shared challenges, promoting sustainable growth, and ensuring prosperity for all.

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New York, United States of America

The UN Global Compact marked the 20th anniversary of the Tenth Principle which states “businesses should work against all forms of corruption, including extortion and bribery” during an event in New York today. The milestone event brought together business leaders, Governments, international organizations, academia, and civil society to reflect on the journey thus far, assess current challenges and work to shape the future of anti-corruption and global business integrity.

Principle Ten has been a cornerstone of efforts to level the playing field and create a fair, transparent, and ethical global marketplace. Over the past 20 years, significant strides have been made in advancing governance, fostering accountability, and promoting a culture of integrity across industries and regions.

Sanda Ojiambo, CEO & Executive Director of the UN Global Compact, highlighted the importance of this anniversary in her remarks: “As we mark 20 years of the Tenth Principle, we recognize the collective progress made by businesses, Governments, and civil society in the fight against corruption. However, the work is far from over. In the face of rising obstacles and new trends, we must renew our commitment to transparency and accountability. Together, we can build a global business environment where integrity is not just an ideal, but a reality.”

The anniversary event featured high-level networking sessions, interactive discussions and an inspirational film that showcased the transformative impact of the Principle Ten over the past two decades to help inspire future efforts in the fight against corruption.  The event also commemorated fifteen years of Collective Action implemented by Global Compact Networks around the world funded through the Siemens Integrity Initiative.

As we look to the future, the UN Global Compact calls on companies worldwide to join forces in scaling up anti-corruption efforts. By working together through Collective Action, on new initiatives like the "Uniting Leaders for Business integrity" project funded through the U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs, businesses can create a fairer, more transparent global economy, where integrity and ethical practices are the foundation of success.

For more information on the Tenth Principle and to join the fight against corruption, visit UN Global Compact's website and the newly launched Anti-Corruption Collective Action website.

New York, United States of America

The UN Global Compact brought together leaders from the private sector, governments, the United Nations, and civil society today to discuss and identify pathways for accelerating corporate action in transforming food systems. The gathering included over 60 representatives from diverse sectors and countries, all committed to driving progress toward more sustainable and equitable food systems.

The UN Global Compact Collective Action on Sustainable Food Systems was formed in response to the UN Secretary-General’s call to action made during the UNFSS+2 Stocktaking to foster increased corporate engagement in shaping sustainable food systems and enhancing accountability mechanisms ahead of the 2025 UN Food Systems Summit+4 and COP30.

Corporate action on food systems is critical because businesses play a key role in shaping global food production, distribution, and consumption. By adopting sustainable practices, corporations can significantly reduce environmental impacts such as greenhouse gas emissions, deforestation, and water use. Moreover, their engagement helps improve food security, promotes fair labor practices, and supports resilient supply chains, which are essential for addressing the challenges of climate change, biodiversity loss, and global inequities in food access. Ultimately, these actions will make businesses more resilient and fit for the future.

Sanda Ojiambo, Executive Director and CEO of the UN Global Compact emphasized her commitment to leading this change: ‘’The UN Global Compact is stepping up its work on food systems to deliver on the ambitions of the UN Food Systems Summits. Today's meeting marks the acceleration  of the journey for companies and stakeholders to accelerate corporate action to transform our food systems.”

Mr. Yinjang Chen, CEO of Tingyi (Cayman Islands) Holding Corp., said: ‘’Master Kong is honored to be a founding member of the Steering Committee of the UN Global Compact Collective Action on Sustainable Food Systems. I am looking forward to the journey ahead and building more resilient and equitable food systems’’.

Participants engaged in dynamic discussions aimed at identifying key levers to accelerate the corporate transition and accountability toward more sustainable and equitable food systems. The event also served as a platform to outline the ambitions of the UN Global Compact Collective Action on Sustainable Food Systems.  

Working with the UN Food Systems Coordination Hub, the initiative is driven by a working group consisting of 15 UN and non-UN organizations and will culminate in the launch of prioritized pathways for corporate action across key areas such as environment, social equity, nutrition, and finance. The program will also address significant challenges, by employing a regional approach, engaging SMEs and building more robust and sustainable food supply chains.

This collective action will be essential in guiding businesses and financial institutions to transform their operations in line with the SDGs and ensure accountability as they contribute to the global transformation of food systems.

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New York, United States of America

New report from the United Nations Global Compact and Accenture gives business leaders the tools to develop and deploy generative AI responsibly and sustainably

The continued disruption around the world has put most of the Sustainable Development Goals (SDGs) out of reach, with only 17% of set targets currently on track to meet the 2030 deadline. Concurrently, the emergence of generative AI is reshaping the world of business, with an overwhelming majority (97%) of leaders across industries pointing to generative AI as playing the major role in their reinvention over the next three to five years.

Against this backdrop, the UN Global Compact, in collaboration with Accenture, has released a pivotal new report — titled "Generative AI for the Global Goals: The Private Sector’s Guide to Accelerating Sustainable Development with Technology" — to guide business leaders on how to leverage generative AI as a transformative force for advancing the SDGs by 2030. The report underscores how generative AI can enhance operational efficiency, boost productivity, foster innovation and streamline sustainability reporting in new ways that put meaningful progress toward the SDGs.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact remarked, "At this critical juncture, generative AI isn’t just a technological advancement — it’s a transformative tool that offers unprecedented opportunities for the private sector to accelerate progress of the Sustainable Development Goals. However, the potential of this technology can only be realized if it is harnessed responsibly, with due consideration to the ethical implications and sustainability impacts. The UN Global Compact remains committed to guiding businesses on this journey, ensuring that AI technologies are used to benefit both people and the planet."

While recognizing the huge potential generative AI offers, the report also cautions against its risks. It provides a robust framework for companies to implement generative AI responsibly, emphasizing the importance of human oversight, ethical governance and the alignment of AI strategies with the Ten Principles of the UN Global Compact. The report calls on businesses to take bold, ambitious actions to bridge the gap between current efforts and the 2030 Agenda for Sustainable Development. Key findings include:

• Operational Efficiency: The report dives into how generative AI can help businesses improve predictive analytics and maintenance, thereby lowering energy use and downtime. This effort is critical as companies seek to manage limited resources to achieve sustainable and consistent results within both financial and environmental limits.
• Sustainable Value Chains: Generative AI can enable businesses to conduct comprehensive lifecycle assessments, identify and mitigate risks in procurement and engage suppliers on sustainable practices. For example, advanced AI tools are being used to track carbon footprints across complex global supply chains — helping ensure suppliers at all levels follow high sustainability standards.
• Innovation for Sustainable Solutions: Companies can use generative AI to rapidly prototype and deploy sustainable solutions that meet emerging social and environmental needs. This is possible by speeding up research and development, as well as product and service design, especially in green finance and sustainable materials.
• Communication and Reporting: Effective communication and reporting of financial and non-financial data has become increasingly important as added regulations take root globally. By automating data collection, analysis and report generation, generative AI can revolutionize sustainability reporting, increase literacy across the organization on sustainability measures and help comply with regulatory frameworks.

“The optimistic vision that generative AI makes the world more inclusive, sustainable, equitable and fair hinges on its responsible development and deployment,” added Stephanie Jamison, global resources industry practice lead and global sustainability services lead at Accenture. “In using generative AI to help advance the Global Goals, the private sector must lead from the front by building trust and transparency that balances the need to maximize value while minimizing potential risks as we move to a more equitable and sustainable future for all.”

The Generative AI for the Global Goals report is the newest in a long-running partnership between the UN Global Compact and Accenture. It gives a detailed guide on how the private sector can use technologies like generative AI to help develop sustainable development. This report includes case studies, insights from interviews with private-sector leaders and ready-to-use resources to help businesses use generative AI to support people and the planet.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, the environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, five Regional Hubs, 62 Global Compact Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at www.unglobalcompact.org.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services — creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 750,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

# # #

Contacts:

Alex Gee
United Nations Global Compact
+447887 804594
gee@unglobalcompact.org
media@unglobalcompact.org

Alexander Aizenberg
Accenture
+1 917 452 9878
alexander.aizenberg@accenture.com

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New York, United States of America

The United Nations Global Compact announced twelve new SDG Pioneers today — business professionals who are doing an exceptional job to advance the Sustainable Development Goals (SDGs) through the implementation of the Ten Principles of the UN Global Compact on human rights, environment, labour and anti-corruption.

The SDG Pioneers programme recognizes the dedicated professionals that drive and innovate solutions through new technologies, initiatives and business models that can enable us to reach the SDGs by 2030. The search focused on professionals working at any level in a company participating in the UN Global Compact and the winners selected come from Western Europe and North America, Latin America and the Caribbean, Eastern Europe, Middle East, Africa and Asia-Oceania.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, stated: “These SDG Pioneers are leading the way in showing that business can be a force for good. Their innovative approaches and unwavering commitment to sustainability are inspiring examples of how the private sector can contribute to achieving the SDGs.”

This year’s SDG Pioneers are:

Africa:

• Small and Medium Enterprises (SMEs): Kevin Getobai, Ololo Farming Company Ltd, Kenya — Kevin leads sustainable agricultural practices, focusing on innovative farming techniques that address food security and environmental sustainability.
• Large National or Multinational Company: Mennatullah AbdelGawad, Hassan Allam Holding, Egypt — Mennatullah is dedicated to integrating sustainable development principles into Egypt's construction industry, promoting eco-friendly practices and community development.

Asia-Oceania:

• Small and Medium Enterprises (SMEs): Alison Chan, Metrics Credit Partners, Australia — Alison drives sustainable investment strategies, focusing on impactful financial solutions that align with environmental and social goals.
• Large National or Multinational Company: Lucia Karina, Coca-Cola Europacific Partners Indonesia, Indonesia — Lucia leads initiatives in water stewardship, contributing to Coca-Cola’s global sustainability targets.

Eastern Europe:

• Small and Medium Enterprises (SMEs): Shiva Parizadmashhadi, PolyVim LLC, Georgia — Shiva pioneers eco-friendly construction materials, advancing the use of recycled plastics in building infrastructure.
• Large National or Multinational Company: Yılmaz Yıldız, Zurich Insurance Group, Türkiye — Yılmaz champions a holistic approach to sustainable practices, emphasizing diverse areas ranging from empowering women in society and professional life, to supporting climate resilience, enabling social equity, and improving mental health.

Middle East:

• Small and Medium Enterprises (SMEs): Rybale al Hage, Deloitte Middle East, Regional office, Lebanon — Rybale leads Deloitte Middle East’s Corporate Responsibility & Sustainability strategy, and is committed to embedding sustainable business practices across the organization and to empowering professionals and communities to drive responsible climate choices.
• Large National or Multinational Company: Hasan Ali H Raboui, Saudi Awwal Bank, Saudi Arabia — Hasan leads initiatives to promote sustainable finance, aligning banking practices with environmental and social impact goals.

Western Europe and North America:

• Small and Medium Enterprises (SMEs): Andreas Schraegle, Rathgeber GmbH & Co. KG, Germany — Andreas advances sustainable manufacturing processes, focusing on reducing waste and improving energy efficiency in production.
• Large National or Multinational Company: Andrea Brown, LyondellBasell (LYB), USA — Andrea has been instrumental in advancing circular economy initiatives promoting recycling and sustainable materials management.

Latin America and Caribbean:

• Small and Medium Enterprises (SMEs): Fabiana Schaeffer, Netza&CO, Brazil — Fabiana leads initiatives that incorporate sustainability into large-scale events, ensuring that environmental and social considerations are central to event planning and execution.
• Large National or Multinational Company: Antonio Garcia Cancino, Suburbia, Mexico — Antonio drives sustainable retail practices, focusing on supply chain transparency and ethical sourcing.

The SDG Pioneer entries were judged by an expert panel of representatives of the UN Global Compact Board Members, alongside previous SDG Pioneers and representatives from academia and UN agencies.

The UN Global Compact congratulated these individuals for their exceptional leadership and their dedication to making the world a better place through sustainable business practices.

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New York, NY – August 1, 2024 – Today, UN Global Compact Network USA (Network USA) recognized this year’s American SDG Pioneers—business leaders who are championing the Sustainable Development Goals (SDGs)and inspiring others to advance the 2030 Agenda for Sustainable Development.

Chosen from a Network of more than 900 businesses and organizations, Network USA is proud to recognize Andrea Brown, Chief Sustainability Officer at LyondellBasell, and Wincy Cheng, Sustainability Director of Global Operations at Knoll Printing & Packaging, as its local SDG Pioneers.

As the winner of the Large National and Multi-National Companies category, Andrea's leadership at LyondellBasell has been pivotal, driving substantial progress in sustainability. She spearheaded the development of LyondellBasell's sustainability strategy, focusing on key areas such as eliminating plastic waste while supporting societal well-being. Andrea's advancements in recycled polymers have propelled LyondellBasell’s sustainable practices forward, signifying substantial progress toward achieving environmental sustainability goals.

As the winner of the Small and Medium-Sized Companies Category, Wincy has shown outstanding leadership in advancing Knoll Printing& Packaging's sustainability efforts, notably in monitoring and decreasing greenhouse gas emissions. Through a dedication to Science-Based Targets, Wincy has achieved a 33% reduction in absolute emissions. Moreover, Wincy's initiation of programs like “Knoll Gives Back Day” has cultivated a culture of sustainability by engaging employees in these initiatives.

“We are thrilled to honor Andrea Brown and Wincy Cheng as the 2024 USA SDG Pioneers,” said Richard Pearl, Network USA Acting Executive Director. “Their remarkable work in advancing the Sustainable Development Goals is a shining example of how businesses can make impactful contributions to our collective goals.”

As the winners of the Local Round, Andrea and Wincy will now compete in the Global Round along with other candidates for the 2024 UN Global Compact SDG Pioneers title. The global winners will be announced this September during the UN Global Compact Leaders Summit.

"The SDG Pioneers program recognizes the dedicated professionals that drive and innovate solutions through new technologies, initiatives and business models that can enable us to reach the Sustainable Development Goals by 2030. We hope their work will inspire others to advance the Global Goals by implementing our Ten Principles on human rights, labor, environment and anti-corruption," said Sanda Ojiambo, CEO & Executive Director of the UN Global Compact.

About the UN Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs,62 Country Networks covering 78 countries, and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

For more information, follow @globalcompact on social media and visit our website at www.unglobalcompact.org.

About UN Global Compact Network USA

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater U.N., Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit GlobalCompactUSA.org.

UN Global Compact is aware of the recent outages affecting the Communication on Progress (CoP) platform.

Our third-party platform provider experienced a global outage overnight which affected the entire network which hosts the UN Global Compact's Communication on Progress. While the network is now back up, you may still encounter delays or other issues.

The CoP reporting deadline has been extended to Monday, August 5, 2024, at 5 PM (ET). Participants that submit during the extension period will not be penalized with a non-communicating status due to the outage. Participants must submit the 2024 CoP by August 5, 2024 to avoid ‘non-communicating’ status.

Network USA wishes to reiterate that no company will be delisted from the UN Global Compact due to any delays caused by these technical complications. There is no need to submit a request for a submission extension.

If you experience any problems, or if after 24 hours your 2024 CoP is showing in draft mode, please do not hesitate to reach out to cop-support@unglobalcompact.org.

As we move from spring to summer and into the second half of the year, I'm pleased to share our quarterly Executive Director Update.

Having served this organization in various roles—from Board Chair during my tenure at State Street to Senior Advisor over the past two years, and now as Acting Executive Director—I can confidently say that we are elevating our offerings to participants, equipping them with the resources and tools needed for resilience in an ever-changing world.

Our recent programmatic and engagement efforts continue to deliver relevant, forward-thinking information and foster fruitful conversations that support participants on their sustainability journey. And with more like-minded companies committing to the principles and goals of the UN, our network exemplifies US private sector leadership more and more each day.

Here is a summary of our accomplishments and work over the last three months:

New Leadership: I am proud to announce that Ann Tracy, Chief Sustainability Officer at Colgate-Palmolive, is our new Board Chair, succeeding Daniella Foster of Bayer, who led our Board for the past two years Joining Ann on the Executive Committee are Gayle Schueller of 3M as Vice Chair, Jennifer Leitsch of EY as Secretary, and Michael Okoroafor of McCormick as Treasurer.

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Growth & Engagement: Network USA welcomed 34 new participants in Q2 2024, with our total network representing approximately 18% of the US GDP. The Engagement Team will organize networking opportunities to nurture this growing network, with special receptions planned during the VERGE 24 and GFMI (Global Financial Markets Institute) Sustainable Finance conferences.

Reporting & Regulation Updates: Amid an evolving regulatory climate, we hosted a webinar series on "Navigating Changing Corporate Sustainability Expectations." Experts from EY, Baker McKenzie, Kirkland & Ellis LLP, and CSR Europe provided practical tips on U.S. and international regulations, sustainable business practices, and reporting requirements. Attendees rated the webinars nearly 9.5 out of 10 regarding quality content and satisfaction. You can re-watch the webinars on our website.

Peer Learning Groups: For the first time, we offered participating companies a space to share best practices and challenges on sustainability issues, access to industry leaders, and network with like-minded professionals through our Peer Learning Groups (PLG). In total, 60 individuals from 30 companies participate in these PLGs, focusing on human rights, climate action, and corporate sustainability.

SDG Ambition: Congratulations to the 32 participants from 14 companies who completed our SDG Ambition Accelerator program last May! The program challenged and supported these participants in setting ambitious corporate targets and accelerating the integration of the 17 SDGs into their core business management. Applications for our next SDG Ambition Accelerator will open in Q3 2024.

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Other Programming: Exciting developments are happening in our Accelerator programs. The network’s first Business & Human Rights Accelerator is nearing its conclusion, while the Climate Ambition Accelerator has just kicked off its 2024 cycle. We're also thrilled to welcome 22 participants from 11 companies to our upcoming Target Gender Equality Accelerator program.

Looking ahead to Q3, we’ll focus on businesses’ role in addressing global poverty at “Bridging Business & Human Rights—The American Private Sector's Role in Addressing Poverty," an official side event during the UN High-Level Political Forum conference.

We're also gearing up for the UN General Assembly in September, when we'll hold our annual flagship conference, SDG Summit USA, on September 23. Stay tuned for a webinar that will take place in advance of the UN General Assembly. This webinar will provide U.S. businesses with a guide on navigating the busy week of events.

I encourage you to sign up for our newsletter for more information or to stay up-to-date on our programs and events.

I am proud of the Network USA staff and applaud their significant achievements and contributions, and I look forward to working with them as we help you to make further progress in addressing the Ten Principles and the SDGs. Thank you for your continued support and partnership.

Sincerely,

Richard Pearl

Acting Executive Director

UN Global Compact Network USA

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Gayle Schueller of 3M,Jennifer Leitsch of Ernst & Young LLP, and Michael Okoroafor of McCormick& Company to Serve on Executive Committee

NEW YORK, NY – June 27,2024 – The UN Global Compact Network USA (Network USA), the American chapter of the United Nations Global Compact, announced the election of Ann Tracy, Chief Sustainability Officer at Colgate-Palmolive Company, as its new Board Chair. Tracy, a seasoned sustainability professional with over 30 years of combined supply chain and sustainability experience, has served on the board for four years and has been instrumental in driving the organization's sustainability initiatives. She was most recently the Board Secretary and will lead for a two-year term as the Board Chair.    

In her current role at Colgate-Palmolive, Tracy leads the company’s Global Sustainability & Social Impact strategy. She integrates a strong technical foundation across the enterprise to help the company fulfill its purpose of reimagining a healthier future for all people, their pets, and our planet.

As Board Chair, Tracy will lead the eleven members of the board by guiding the Network’s mission, strategic direction, and goals. Joining Tracy in leadership roles on the board are:

- Gayle Schueller, Chief Sustainability Officer at 3M, who will be returning as Vice Chair;

- Jennifer Leitsch, Managing Director, Climate Change and Sustainability Services at Ernst& Young LLP, as Secretary; and

- Michael Okoroafor, Chief Sustainability Officer of McCormick & Company, as Treasurer.

"I am deeply honored to have been chosen to lead our board in guiding the U.S. chapter of the world's largest corporate sustainability initiative," said Tracy. "With a new strategic plan in place, we are laser-focused on empowering U.S. businesses to advance the UN Sustainable Development Goals while enhancing their resilience and sustainability in an ever-evolving world through our programs and engagement efforts."

Tracy will succeed Daniella Foster, Executive Board Member, Senior Vice President & Global Head, Public Affairs, Science & Sustainability, Consumer Health at Bayer.

"It has been an incredible privilege to have served on the Board for the last seven years, most recently as Board Chair. I am deeply grateful to have collaborated with and been supported by such a dedicated group of directors," said Foster. “I am confident that the new board leadership will continue to propel the organization toward greater impact and representation of the US private sector in the United Nations."

The Network USA Board of Directors, the governing body of one of the largest country networks in the UN Global Compact, plays a crucial role in setting the strategic direction and ensuring the effective operation of the organization. Under their guidance, Network USA equips its signatories with the resources, programs, and collaborative spaces needed to drive meaningful change. Its Accelerator Programs and Peer Learning Groups enhance corporate sustainability leadership. At the same time, its events, white papers, and e-learning tools provide best practices and case studies for continued improvement.

For more on Network USA’s board of directors, see here.

About UN Global Compact Network USA

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater U.N., Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit GlobalCompactUSA.org.

New York, United States of America

Today, the Principles for Responsible Management Education (PRME), an initiative of the UN Global Compact, awarded business and management school faculty in the United States, Brazil, Hungary, and India with the 2024 PRME Faculty Teaching Award for their excellence in teaching sustainable development and responsible management practices in business education.

The Award honors impactful pedagogical innovations that accelerate the achievement of the Sustainable Development Goals (SDGs) across a variety of business school disciplines: management; accounting and finance; marketing; and operations and analytics. Submissions were received from over 800 institutions in more than 90 countries from PRME’s extensive community of business and management schools. Many of the submissions showcased an array of classroom interventions demonstrating creativity, thoughtfulness, pedagogical excellence, and a profound commitment to equipping students with the skills needed to drive sustainable development forward.

A select group of disciplinary experts from PRME schools formed the judging committee and chose five winners based on classroom interventions that demonstrated impactful pedagogical work, which contributed to advancing the SDGs, promoted student skill development, and established relevance across disciplines. The committee also looked for submissions that demonstrated alignment with the goals of PRME’s Impactful Five (i5) pedagogical framework.

"The quality of this year's submissions was truly exceptional, reflecting a profound commitment to integrating sustainable development into business education," said Dr. Omid Aschari, Senior Advisor at PRME. "The innovative teaching methods and impactful projects presented by these educators are truly inspiring and set a new standard for excellence in our field."

The Faculty Teaching Award winners were selected for their innovative and impactful contributions to education, which have significantly enhanced student learning and personal development. These educators have implemented programs and teaching methods that go beyond traditional classroom instruction, incorporating immersive experiences, practical applications, and reflective practices. Their approaches not only prepare students for successful careers but also emphasize the importance of ethical leadership, sustainability, and meaningful engagement with societal challenges. By fostering critical thinking, collaboration, and empathy, the awardees have created transformative educational experiences that inspire students to become thoughtful and responsible leaders.

The awardees and their interventions recognized at the virtual 2024 PRME Global for their contributions to advancing sustainability education in business and management schools worldwide included:

1. Accounting & Finance: Lucy U. Diala, California State University, Fresno, USA

Prof. Lucy Diala implemented an innovative case study in large accounting classes to teach students to think like managers, collaborate effectively with teams, and find meaning, impact and relevance in learning business accounting.

2. Management: Andrew Hoffman, Ross School of Business, University of Michigan, USA

Prof. Andrew Hoffman’s "Management as a Calling" program distinguishes itself through its immersive offsite retreats, where students participate in reflective exercises, mindfulness practices, and community engagements to formulate personal mission statements.

3. Management:  FGV EAESP, Brazil
   1. Fernanda Carreira
   2. Ricardo Barretto
   3. Mayara Souza
   4. Julia Pacheco
   5. Gabriela Alem
   6. Marcio Halla

The "Sustainable Leadership: The Rainforest Perspective" program offered by FGV EAESP immersed MBA students in the Amazon rainforest and surrounding territories, emphasizing community-based tourism, indigenous wisdom, and alternative organizational models, challenging traditional leadership models.

4. Marketing: Corvinus University of Budapest, Hungary
   1. Katalin Ásványi
   2. Réka Matolay
   3. Márta Frigyik

The Community-Engaged Research and Learning approach offered by Corvinus University demonstrates the innovative integration of academic inquiry with societal needs by fostering meaningful collaboration among students, educators, and local partners to ensure mutual benefits as well as address real-world issues through co-created knowledge and experiential learning.

5. Operations & Analytics: P Balasubramanyam, Goa Institute of Management, India

The approach of Dr. P Balasubramanyam from the Goa Institute of Management incorporates critical topics such as sustainable marketing and customer development, while also integrating critical thinking, sustainability, and active learning into a transformative educational experience.

Their award-winning programs and initiatives included immersive offsite retreats, innovative case studies, integration of the SDGs into curricula, and community-engaged learning. These methods bridge the gap between theoretical knowledge and real-world applications, enhancing students' digital competencies and addressing real-world issues through co-created knowledge. The recognition of these educators highlights their commitment to excellence and their ability to adapt and innovate in response to the evolving needs of students and society. Their dedication to fostering meaningful and impactful learning experiences exemplifies the best practices in utilizing the i5 framework and sets a high standard for future teaching excellence.

Media Contact

Cheyenne Maddox
Senior Manager, Communications, PRME
maddox@unglobalcompact.org

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New York, United States of America

UN Secretary-General António Guterres, who serves as Board Chair of the UN Global Compact, today announced Jesper Brodin, CEO, Ingka Group, IKEA will join Solange Ribeiro, Deputy Chief Executive Officer, Neoenergia as Vice Chair of the UN Global Compact Board. The UN Global Compact is the world’s largest corporate sustainability initiative.

Brodin has extensive experience in leading one of the world's largest and most sustainable retail companies. Under his leadership, Ingka Group has made significant strides in sustainability, focusing on renewable energy, sustainable sourcing, and circular economy initiatives. His commitment to integrating sustainability into the core business strategy aligns with the goals of the UN Global Compact, making him a valuable asset to the Board.

The Secretary-General also appointed five new members to the UN Global Compact Board:

Ester Baiget, CEO, Novonesis; Blanca Trevino, CEO, Softtek; Leila Fourie, CEO, Johannesburg Stock Exchange; Luc Triangle, General-Secretary, International Trade Union Confederation, Francois Valerian, Chair, Transparency International have been appointed to serve for a three-year term, effective immediately. In addition, Cristina Sanchez, Executive Director of the Global Compact Spain Network, has been appointed to serve for a two-year term, effective immediately.

"The appointment of these new Board members marks a continuation of our work to drive corporate sustainability worldwide. Their diverse expertise and leadership will be instrumental in addressing the pressing challenges we face today. Together, we will ensure that businesses adopt and champion the Ten Principles of the UN Global Compact, which are vital to fostering a sustainable future for our planet and its people," said Sanda Ojiambo, CEO & Executive Director of the UN Global Compact.  

As a special initiative of the UN Secretary-General, the UN Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. The UN Global Compact challenges businesses to take concrete actions to accelerate progress on the Sustainable Development Goals (SDGs).

The UN Global Compact Board plays an important role in shaping the strategy and policy of the initiative, which acts as the UN flagship for responsible business action. Designed as a multi-stakeholder body, the Board provides ongoing strategic and policy advice for the initiative. Board members are considered champions who are willing and able to advance the mission of the UN Global Compact. They act in a personal, honorary and unpaid capacity.

For the current list of board members please refer to: www.unglobalcompact.org/about/governance/board/members

Notes to Editors

About the United Nations Global Compact

The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

Contact

media@unglobalcompact.org

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Bridgetown, Barbados

The United Nations Global Compact announced the launch of its Sustainable Supplier and SME Program at the Global Supply Chain Forum today.  The new program provides small and medium-sized enterprises (SMEs) an exclusive platform for global exchange, business action and country implementation to accelerate sustainability in global supply chains and future-proof SMEs for the green transition.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, speaking at the launch event said “Companies that participate in our Sustainable Supplier and SME Program will be better equipped to align their business strategies with corporate sustainability standards and emerging regulations – learning how to reduce take climate action, attract financing, build resilience and emerge more inclusive and sustainable.”

Supply chains play a crucial role in global progress toward the Sustainable Development Goals (SDGs), with two-thirds of companies’ ESG footprint tied to their suppliers. With SMEs making up 90% of businesses, accounting for 50% of total employment worldwide, and nearly 40% of GDP in emerging economies, SMEs are key drivers of global sustainability progress and inclusive growth.

However, SMEs face significant challenges in adopting sustainable practices and seizing opportunities in the green economy, including access to finance and information, vulnerability to supply chain disruptions and difficulties with reporting requirements in a complex regulatory environment. These challenges are even greater for minority-owned businesses, which often face higher rates for capital due to limited access to assets, shorter credit histories and discrimination based on gender, age, race, sexual orientation and gender identity.

The UN Global Compact has an extensive history of working with SMEs to achieve their sustainability goals, with SMEs comprising more than half of their 20,000 plus Participants. Successful Sustainable Supplier Impact projects in India, Nigeria, Kenya and Spain have promoted deeper collaboration between large participant companies and their suppliers on urgent sustainability challenges. These pilots have established a community of practice for collaborative learning, facilitated market and financial incentives for SMEs, and equipped suppliers with the knowledge and tools necessary to operationalize the Ten Principles of the UN Global Compact.

“We are committed to delivering a robust set of skills and tools through our programs to ensure SMEs can deliver on sustainability wherever they are.,” said Ojiambo. “In recent years, the UN Global Compact expanded its presence in developing countries through country networks and launched five regional hubs in Abuja, Bangkok, Panama City, Copenhagen and Dubai, all of which have a dedicated focal point on SMEs and sustainable supplier engagement.”

A key pillar of the new program is the SPARK, a community of SME participants and suppliers. Participating SMEs will gain a competitive advantage by branding their businesses as preferred suppliers and accessing a dynamic community of practice for collaborative learning and targeted action on urgent sustainability challenges such as scope 3 emissions, anti-corruption, gender equality, reporting and compliance. Large companies will also benefit by driving the adoption of the Ten Principles of the UN Global Compact across their supply chains and ensuring their suppliers remain relevant in today’s market.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labor, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 77 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

Bridgetown, Barbados

Today the United Nations Global Compact launched its new Regional Caribbean Network, in partnership with the UN Resident Coordinator for Barbados and the Eastern Caribbean and local business communities. The new Caribbean Regional Network is critical to enable the UN Global Compact to grow its regional presence and better mobilize the private sector in support of Caribbean sustainable development priorities in line with UN, Government and private sector commitments.

The Caribbean has shown remarkable leadership in sustainable business practices, particularly through policy initiatives like Barbados’s commitment to 100% renewable energy and carbon neutrality; Trinidad and Tobago’s Vision 2030; Grenada’s National Sustainable Development Plan 2020–2035 and the Commonwealth of Dominica’s National Resilience Development Strategy 2030. These initiatives reflect the region's proactive stance on environmental sustainability and economic resilience.

With 32 Caribbean companies from 7 countries (Bermuda, Barbados, Trinidad and Tobago, Saint Kitts and Nevis, Guyana, Bahamas, Jamaica) already committed to the UN Global Compact, the new Regional Caribbean Network, covering 11 countries and 6 overseas territories, will accelerate the integration of the UN Global Compact Ten Principles and the Sustainable Development Goals (SDGs) into local business strategies. The Network aims to attract more Caribbean companies to participate actively in global sustainability efforts.

"Establishing the Regional Caribbean Network is a critical step towards leveraging the unique position of Caribbean economies as advocates for climate justice, sustainable development financing, and biodiversity preservation," said Sanda Ojiambo, CEO and Executive Director of the UN Global Compact. “The UN Global Compact is profoundly grateful for the support from UN Resident Coordinator Didier Treboucq and the CARICOM states, and Prime Minister Mia Mottley of Barbados for her steadfast support and partnership. We are committed to fostering a sustainable future for the Caribbean through enhanced collaboration between the UN, governments and the private sector. The UN Global Compact looks forward to seeing the Caribbean Network thrive.”

The new Caribbean Network brings the total UN Global Compact global reach to 62 UN Global Compact Networks, covering 78 countries and involving over 20,000 companies worldwide.

While challenges remain in meeting the Sustainable Development Goals (SDGs) by 2030, the Economic Commission for Latin America and the Caribbean (ECLAC) recognizes there is opportunity for progress. The newly established Regional Caribbean Network is set to catalyze transformative change by enhancing CEO engagement, amplifying policy advocacy, and equipping Caribbean companies with practical tools and resources to harness collective efforts to drive regional development and sustainability.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labor, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

New York, United States of America

First-ever Chief Marketing Officer Think Lab to support Marketing’s role in driving Sustainable Growth

The UN Global Compact announced the launch of its inaugural Chief Marketing Officer (CMO) Think Lab today. This innovative initiative aims to tackle the challenges and seize the opportunities facing global marketing leaders as they strive to foster sustainable growth.

Historically, the UN Global Compact has successfully partnered with Chief Executive Officers, Chief Sustainability Officers, and other C-suite executives within its participating companies to promote responsible and sustainable business practices. However, the role of CMOs has not been fully leveraged until now.

There is tremendous potential to amplify impact within the C-suite by engaging the CMO community. Mobilizing CMOs can enhance the role of marketing in advancing sustainability. Marketing professionals possess critical stakeholder value creation capabilities and wield significant influence, positioning them uniquely to develop and implement effective sustainability strategies.

In collaboration with the Institute for Real Growth (IRG), the UN Global Compact will bring together an esteemed group of CMOs to advise on the challenges, opportunities, and needs of global marketing leaders related to sustainability and to design a comprehensive roadmap. This roadmap will inform future programming that will empower CMOs with the knowledge and tools necessary to drive sustainable growth and positive impact.

“Chief Marketing Officers have a unique opportunity to drive momentum forward on sustainable development” said Sanda Ojiambo, Assistant Secretary-General and Executive Director, UN Global Compact. “As business leaders, brand stewards, and communicators, they have unparallelled influence in shaping perceptions, creating value, and driving behavioral change. We are relying on their insight and expertise to work together through the CMO Think Lab to design a roadmap for sustainable, responsible business growth.”

Participation in the CMO Think Lab is by invitation only. However, the insights and strategies developed will ultimately benefit CMOs globally. The deliverables will be disseminated at global, regional, and local levels to help drive collective impact on the Sustainable Development Goals (SDGs).

Through rigorous evaluation and iteration, the CMO Think Lab will scale up its learnings and develop future programs to increase CMO engagement across all sectors and regions.

For more information, visit UN Global Compact CMO Think Labs.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Global Compact Country Networks covering 77 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About the Institute for Real Growth (IRG)
The Institute for Real Growth (IRG) helps business leaders worldwide drive more Humanized Growth by connecting them to peers, experts, and best practices. The IRG conducts research, delivers executive leadership programs, and offers advisory services to inspire and help implement Humanized Growth programs. The IRG operates as an independent not-for-profit supported by WPP, Meta, Google, and TCS, among others.

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Kigali, Rwanda

The UN Global Compact Africa Business Leaders Coalition (ABLC) called for greater private sector action to advance gender equality across the continent during a dialogue at the Africa CEO Forum held in Kigali, Rwanda. At current rates it is estimated it will take over 150 years to close the gender gap in Africa.

Opening the event, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, the world’s largest corporate sustainability initiative welcomed the ABLC’s role in driving forward commitment and action from business and noted the critical role of the Africa CEO Forum in highlighting such initiatives: "This forum has showcased the powerful initiatives and the collaborative spirit necessary to advance gender equality and sustainable development in Africa. The discussions and launches over these two days have set a robust agenda for our collective efforts moving forward."

Companies have a crucial role in the lives of 400 million working women in Africa and the potential for an immense positive impact on the entire economy. The ABLC, representing businesses with over $150 billion in revenue and employing more than one million people across 50 African countries, views gender equality as both a moral imperative and a driver of sustainable economic development. The coalition has already been instrumental in driving collective climate action through the Africa Business Leaders’ Climate Statement endorsed at COP 27.

The ABLC Gender Statement promoted by executives including Diane Karusisi from Bank of Kigali, Phumzile Langeni from DP World/Imperial Logistics, and Hassanein Hiridjee from Axian underlines the role of the private sector’s role in enhancing gender equality through measurable and actionable commitments aligning with the United Nations Sustainable Development Goals (SDGs), particularly SDG 5 to achieve gender equality and empower all girls. The Coalition's vision is to weave gender equality into the fabric of all strategic business decisions, fostering an environment that benefits from the full spectrum of talent, irrespective of gender.

Key highlights of the ABLC's commitment include:

Improving representation: The Coalition aims to ensure equal representation of women in leadership positions, with the long-term goal of achieving gender parity at all levels. This includes nurturing a pipeline of leadership-ready women through opportunities that support their growth from entry-level roles to the C-suite.

Data and Transparency: The ABLC commits to collecting, analyzing, and reporting sex-disaggregated data to track progress on gender equality. This approach will allow for measurable goals, ensuring tailored interventions and accurate impact measurement. Key performance indicators aligned to existing frameworks of the UN Global Compact will be developed to measure progress towards the stated commitments.

Gender Responsive Policies: The Coalition pledges to implement inclusive policies that foster bias-free workplaces. This includes equal pay for work of equal value, grievance channels to address disparities, and flexible working arrangements to support parental leave and care responsibilities. It also includes procurement policies and business practices that support suppliers’ efforts for gender equality.

Support for Women Entrepreneurs: Recognizing the significance of women-led businesses, particularly in the informal sector, the ABLC will provide resources, mentorship, and procurement opportunities to help women entrepreneurs succeed throughout the supply chain.

Advocacy and Collaboration: The Coalition seeks to eradicate negative gender stereotypes and biases in workplaces and communities, advocating for policies that support women's advancement. It also calls on African governments to enact and enforce measures that promote gender parity and protect women's health and safety.

The ABLC Statement builds on the findings of a survey by the UN Global Compact and Boston Consulting Group of men and women across five major African economies (Egypt, Kenya, Morocco, Nigeria and South Africa). The survey found there is a significant expectation-reality gap with many believing there was gender parity in spite of empirical evidence and men and women’s own experiences in Africa showing otherwise. The survey outlined steps private sector companies must take to drive forward gender equality in business.

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Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Country Networks covering 78 countries and 14 Country Managers establishing Networks in 20 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About the Africa Business Leaders Coalition (ABLC)

The Africa Business Leaders Coalition (ABLC) is a CEO-led initiative emanating from the UN Global Compact Africa Strategy 2021–2023 committed to advancing sustainable growth, prosperity, and development in Africa by bringing measurable impact to its most pressing issues. The ABLC works closely with the UN Global Compact Hub in Abuja and 10 African Local Networks operating across Africa.

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Sharks, Lions, and Dragons met at the United Nations for a thought-provoking discussion on advancing the Sustainable Development Goals (SDGs).

Our CEO and Executive Director, Sanda Ojiambo, shared insights with the sharks on how businesses can align their strategies with the SDGs and drive positive change.

Learn more: https://www.youtube.com/embed/3lIBs5pIOeA?si=hRJmMMU4jNn73Z83.

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In today’s interconnected world, the scale of the global refugee crisis demands innovative solutions that go beyond traditional responses like aid and humanitarian resettlement. Refugees around the world possess a wealth of skills and talents, serving as everything from doctors and engineers to skilled trade workers and software developers.

Companies can tap into this diverse pool of talent, drive innovation, and contribute to building more inclusive and resilient communities. According to the United Nations High Commissioner for Refugees (UNHCR), there are 35.3 million refugees globally, highlighting significant untapped potential. By leveraging this talent, companies can not only fill skills gaps but also create meaningful opportunities for refugees to rebuild their lives. In the United States, the Refugee Admissions Program (RAP) has been a vital, legal pathway for refugees to find safety and opportunities. The program has welcomed 3.2 million individuals since 1980, offering them a chance to contribute to American society and the economy. By creating inclusive work environments, companies can play a crucial role in empowering refugees and driving positive change.

Talent Beyond Boundaries (TBB) is an organization that prioritizes refugee labor mobility as a complementary pathway, offering safe and regular avenues for displaced people to access skilled migration opportunities. TBB collaborates closely with governments, the private sector, impacted communities, and refugee-serving organizations to facilitate this process. Their work provides displaced individuals with the opportunity to rebuild their lives with dignity and purpose, utilizing their skills to contribute meaningfully to society.

Recently, the UN Global Compact Network USA spoke with Alec Regino, Communications Manager at Talent Beyond Boundaries (TBB), to delve into their work on refugee labor mobility.

Interview Questions:

1. Can you provide an overview of TBB’s mission and how it addresses the global refugee crisis?

Talent Beyond Boundaries champions the notion that talent knows no boundaries. Our mission is focused on bridging the gap between skilled refugees and global labor shortages. By doing so, we address the dual challenge of the global refugee crisis and the need for skilled labor. Our approach offers displaced individuals the opportunity to relocate safely for work and live with dignity and purpose, while simultaneously helping countries and businesses fill critical skills gaps.

2. What inspired TBB to focus on refugee labor mobility as a complementary pathway?

In 2016, TBB’s co-founder John Cameron was inspired after crossing paths with an accomplished Syrian refugee displaced by the Syrian civil war. Seeing the difficulties refugees faced in using their skills following displacement, he felt that there was potential in creating an “online jobs marketplace” for skilled refugees as an additional solution to the refugee crisis. Simultaneously, U.S. attorneys Mary Louise Cohen and Bruce Cohen began working on a similar idea. The three joined forces, and Talent Beyond Boundaries was born. TBB recognized that there was a critical gap in the global migration system: Millions of displaced people possess valuable skills and experience, yet they face significant barriers to opportunities abroad due to their status. TBB pioneered this approach to connect skilled refugees with global labor markets, offering a solution that benefits individuals, employers, and host communities alike.

3. How does TBB work with governments, the private sector, impacted communities, and refugee-serving organizations to open safe, regular pathways for displaced people?

TBB adopts a collaborative, multi-stakeholder approach to create safe, regular pathways for skilled migration. We partner with private sector entities to identify employment opportunities, engage with refugee-serving organizations for candidate support, and liaise with impacted communities to ensure a holistic support system. This ecosystem of collaboration is essential for making skilled refugee migration a reality.

4. What are some success stories or examples of how TBB’s approach has benefited refugees, employers, and host countries?

Our initiatives have led to life-changing opportunities for refugees while also benefiting employers and host countries. From engineers finding employment in Australia to IT professionals contributing to Canada’s tech sector, each story underscores the impact of matching talent with opportunity. For example, a refugee who grew up in Lebanon had over a decade of experience working as an accountant for international firms like Deloitte and PWC. Due to his refugee status, his ability to grow his profession or travel for opportunities was continuously curtailed. He rebuilt his career with permanent status in Australia thanks to Talent Beyond Boundaries. 

5. How does TBB collaborate with other organizations and stakeholders to expand its impact and promote a more equitable system?

TBB believes in strengthening networks to create systemic change. We collaborate with other organizations, governments, and the private sector to share knowledge and scale our impact. Through collective efforts, we aim to foster a more equitable system where skilled refugees are recognized as valuable assets to global labor markets. Our work with governments and UN bodies have been fruitful across the globe: TBB is a trusted partner of the Governments of Canada, Australia, and the UK in implementing their pilots for displaced talent mobility. In Europe, TBB collaborates with the IOM and other key partners to facilitate the skilled migration of displaced talent. In the United States, TBB’s advocacy work has led to changes in the U.S. employment visa process to accommodate refugees and stateless people. 

6. What are some key challenges that TBB faces in its work, and how does it overcome them?

Navigating international recruitment and visa complexities presents significant challenges. Refugees face numerous unique challenges, such as: How do you submit a visa application without a valid passport? How does an employer check for references when the candidate’s past employers no longer operate due to instability or violence? TBB addresses these by promoting pathways that keep the challenges of refugees in mind, educating stakeholders about the benefits of hiring refugees in the labor market, and providing hands-on support throughout the migration process. Overcoming these barriers requires persistent advocacy, innovation, and the development of scalable models for refugee labor mobility.

7. What are TBB’s future plans and goals for expanding its impact and reach?

Looking ahead, TBB is committed to expanding its reach and impact. Our goal is to establish refugee labor mobility as a standardized global practice, ensuring that more displaced people can safely migrate and utilize their skills. By creating permanent pathways that recognize the challenges refugees face, displaced people are empowered to use their own skills to lift themselves and their families out of displacement. By continuously innovating, we aim to create a world where everyone can work and live with dignity and purpose.

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Brussels, Belgium

In the European Parliament today, the United Nations Global Compact organized a conference bringing together Members of the European Parliament, representatives of the European Commission, leading companies of the UN Global Compact as well as the Executive Directors of the UN Global Compact Local Networks across Europe for a pivotal dialogue entitled "UN Global Compact: Catalyst for EU Corporate Sustainability and Competitiveness".

The meeting focused on exploring how the UN Global Compact and its Local Networks can work together with European institutions and EU member states to support companies as they work towards new regulations such as the Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD). These regulatory initiatives seek to foster sustainable and responsible corporate behavior throughout global value chains. Working in tandem, the UN Global Compact seeks to guide companies towards not only meeting compliance standards, but also towards embracing long-term ambitions, enhancing impact and boosting competitiveness.

The UN Global Compact, the world’s largest corporate sustainability initiative, has more than 9,000 participants headquartered in the European Union (52 per cent of which are small and medium-sized enterprises (SMEs)). It promotes a set of Ten Principles focused on human rights, labor, environment and anti-corruption to amplify global corporate impact and achieve the Sustainable Development Goals (SDGs). With its extensive network of Local Networks across the European Union, the UN Global Compact equips businesses to move from policy to impact. Resources available to companies include:

• The UN Global Compact Academy: A learning platform attracting more than 100,000 users from business in just one year
• Peer Learning: Regional and national platforms for companies to exchange best practices and discuss challenges and solutions.
• Business Accelerators: 6-9 months programs for businesses to advance Business and Human Rights Due Diligence, Ambitious Climate Targets and Actions, Gender Equality, and SDG innovation
• Think Labs: Global projects involving leaders from business, academia, civil society, government, and the United Nations to craft new solutions for pressing sustainability challenges.

The meeting represented a significant stride forward, showcasing opportunities for business to strengthen sustainability impact and competitiveness, while underscoring the pivotal role the UN Global Compact can play in aligning business strategies with the EU agenda through its programming.

Quotes

"In recent years the European Union has introduced a range of regulatory initiatives which, in different ways, seek to address the impacts that businesses have on the enjoyment of human rights and the environment. The UN Global Compact possesses an immense amount of knowledge and experience, which legislators can utilize in their proposals and decision-making. We can do more together, think about workshops, training and campaigns to transfer knowledge and expertise and to create awareness." - Samira Rafaela, Member of the European Parliament

“We believe the UN Global Compact with its program-portfolio and strong footprint we have across the EU,  can play a significant role advancing the EU corporate sustainability agenda. For businesses, it is important to go beyond compliance driving real impact and thereby also strengthening resilience and competitiveness.” - Ole Lund Hansen, Chief, Global Operations, UN Global Compact

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New York, United States of America

The United Nations Global Compact, the world’s largest corporate sustainability initiative announced the launch of the 2024 SDG Pioneers campaign today. The SDG Pioneers is designed to honor exceptional individuals within the business community who are leading the way in advancing the Sustainable Development Goals (SDGs).

The SDG Pioneers aims to recognize business leaders who are demonstrating innovation, impact, and commitment towards achieving the SDGs, thereby inspiring others to follow suit. By highlighting these pioneers, the program seeks to showcase the important role that businesses play in driving sustainable development and encourage greater engagement and action across industries and regions.

In a statement, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, expressed enthusiasm for this year’s launch and emphasized its significance in promoting sustainable business practices worldwide:

"As we navigate complex global challenges, it is increasingly evident that businesses have a crucial role to play in driving sustainable development. The SDG Pioneers campaign serves as a platform to celebrate the remarkable efforts of individuals who are leading the charge towards a more sustainable and equitable future. By recognizing these pioneers, we hope to inspire others to embrace the principles of the UN Global Compact and take meaningful action towards achieving the SDGs."

Nominations for the SDG Pioneers are open to all individuals working within companies participating in the UN Global Compact. Nominees will be assessed based on their contributions to advancing one or more of the SDGs through innovative solutions, partnerships, advocacy efforts, or other impactful initiatives.

The selected SDG Pioneers will receive global recognition and visibility for their achievements, as well as opportunities to engage with peers, share best practices, and further amplify their impact on sustainable development.

For more information about the SDG Pioneers and to submit nominations, please visit https://unglobalcompact.org/sdgs/sdgpioneers/.

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New York, United States of America

To mark International Women’s Day, the UN Global Compact, the world's largest corporate sustainability initiative, today launched a new report Women at Work: Chinese companies taking action on gender equality. The global publication, available in English and Chinese, provides insights and best practices for advancing Environmental, Social and Governance (ESG) and the Sustainable Development Goals (SDGs) with a focus on gender equality in the workplace.

"Women at Work" sheds light on the challenges and opportunities that Chinese companies face in promoting gender equality. It presents a series of case studies showcasing how companies across various sectors are implementing the Women’s Empowerment Principles (WEPs) and contributing to the SDGs. The report showcases the commitment of business leaders in China and around the world to integrate gender equality into corporate strategies, highlighting the essential role of women in driving sustainable business practices for a better world.

The report features:

• A collection of company case studies and personal stories from diversified industries, highlighting good practices and lessons learned to strengthen gender equality in the workplace.
• An Overview of global and China’s progress of gender equality in the workplace through SDG progress review, and aggregated results from Women’s Empowerment Principles Gender Gap Analysis Tool.
• Suggested practical gender roadmaps and key resources for business to contribute to the collective efforts towards SDG 5: Gender Equality.

Commenting on the report’s release, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact said: “In our ongoing journey toward achieving gender equality, it's inspiring to see the commitment and innovative approaches detailed in Women at Work. During a recent visit to China, I witnessed firsthand the dynamic discussions and unwavering dedication among business leaders to advance this cause. This report is not just a reflection of current practices but a call to action for companies worldwide to amplify their efforts in fostering inclusive and equitable workplaces. This report underscores the urgency and importance of building a more gender-inclusive business landscape.”

Businesses in China are increasingly recognizing gender equality, as outlined in Sustainable Development Goal 5, as a top global sustainability challenge and consider it an area where they can have a positive impact through engagement with the UN Global Compact. The launch of the UN Global Compact China Strategy in 2022, which identified “reduce inequality” and “SDG 5” as one of seven priority areas, has been guiding business in China to maximize their collective impact to accelerate the SDGs both in China and globally. Nearly 50 companies have joined the UN Global Compact Target Gender Equality (TGE) Accelerator in China since its launch in 2022. Many have also become signatories of the WEPs and committed to ambitious Gender Equality Targets through the Forward Faster Initiative.  

Siddharth Chatterjee, United Nations Resident Coordinator in China noted: “Grounded in the Women's Empowerment Principles (WEPs) Tool, this guidebook offers a roadmap and showcases exemplary practices that can be replicated and scaled, guiding businesses in assessing their impact in the realm of gender equality. We hope to witness more achievements like this, which can continue to offer guidance and foster accountability and progress in this vital area.”

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The UN Global Compact looks forward to the ILO meeting of experts on wage policies, including living wages, and to the opportunity to speak at the event.

The UN Global Compact calls on companies worldwide to align their operations and strategies with our Ten Principles covering human rights, labour, environment and anti-corruption. With more than 20,000 participating companies, it is the world’s largest corporate sustainability initiative.

To advance social justice, we encourage companies to provide and promote a living wage as an essential aspect of decent work to ensure all workers, families and communities can live in dignity. A living wage is about the needs of workers and their families and is recognized as a human right in the Universal Declaration of Human Rights. It benefits fellow employees and businesses as well.

Last September, we launched the Forward Faster initiative, challenging businesses to publicly commit to ambitious targets linked to five issue areas identified to accelerate progress across all 17 SDGs.

Companies that sign up to the living wage targets commit to paying a living wage in their own operations and to working with supply chain partners, contractors and key stakeholders on a joint action plan towards providing living wages and living incomes.

By signing up to these targets, companies are showing that they are eager to take action on living wages and to include their commitment in their business strategy.

As indicated in the report, like Forward Faster, there are several other initiatives working with companies on living wages, including in global value chains. Altogether, a substantive and growing number of companies are involved and taking action.

Building on this momentum, on behalf of the UN Global Compact and the organizations supporting the living wage targets – including the Sustainable Trade Initiative (IDH), Shift, the World Business Council for Sustainable Development, the B-Team, the Living Wage Foundation and AIM-Progress – we urge the ILO to use this meeting to:

1. Develop a standard definition of a living wage aligned with human rights standards, focused on the needs of workers and their dependents, and building on the work done by leading organizations. A clear distinction should be made between the definition, rooted in human rights principles, and its operationalization, which also considers economic factors;
2. Develop agreed criteria for methodologies for estimating evidence-based and transparent living wages, which could be used by social partners, including companies and trade unions, to estimate living wages. This can encourage standardization, harmonization and comparability of the different estimates currently available and should build on ongoing efforts and work;
3. Provide guidance to companies through a template for a living wage implementation roadmap, which will support supply chain partners in agreeing on joint action plans and overcoming various challenges that complicate the payment of a living wage, including the role of pricing and sustainable purchasing practices.

Guidance on collaborative solutions, including between buyers and suppliers, is needed to aggregate buying power, further support meaningful social dialogue and collectively negotiated wages and sustain the conditions for continued improvement of wages across value chains.

We hope the ILO provides capacity building and technical assistance alongside the roadmap. As mentioned in the report, there is already existing work from partner organizations that can be built on and amplified throughout this process.

It is important to acknowledge that all stakeholders involved, including buyers, suppliers, Governments and supporting organizations, have distinct responsibilities and specific roles to play. In many countries, when minimum wages are set, there is an imbalance between the consideration of economic factors and workers’ needs.  We need an enabling environment conducive to the achievement of living wages as a critical component of the wider decent work and just transition agendas, and we, therefore, seek the support of the three constituents of the ILO to act on it.

At the Global Compact, it has become increasingly evident that a coordinated effort and a clear path forward are essential to driving corporate action on living wages. Progress requires collective work to influence change at scale across entire industries and in different national contexts.

Having authoritative guidance from the ILO on the definition, methodology and roadmap of living wages is key to enabling and incentivizing more companies to embrace living wages as integral to decent work and economic growth and signaling policymakers to adopt living wage policies.

This conversation goes beyond numbers and wages; it's about human rights, social justice and the sustainable future we aspire to create.

Joint statement delivered by UN Global Compact on behalf of the Sustainable Trade Initiative (IDH), Shift, the World Business Council for Sustainable Development, the Business Commission to Tackle Inequality (BCTI), the B-Team, the Living Wage Foundation, AIM-Progress and the UN Global Compact

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The UN Global Compact, the world's largest corporate sustainability initiative, announced today the launch of its Transformational Governance Corporate Toolkit. This new resource is designed to empower companies to educate their employees to foster transformational governance throughout their organizations.

Transformational governance calls on businesses to champion greater accountability, integrity, and transparency as driving forces for responsible business conduct, enhanced Environmental, Social, and Governance (ESG) performance, and the strengthening of institutions, laws, and systems. This commitment contributes to the creation of more peaceful, just, and inclusive societies.

The toolkit provides a comprehensive view of internal governance and the strengthening of public governance institutions for businesses, enabling them to integrate policies that benefit not only themselves but also their stakeholders and the societies in which they operate.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, emphasizes the importance of this toolkit for business: "The Transformational Governance Corporate Toolkit is a milestone in our ongoing efforts to equip companies with the tools they need to advance sustainable and responsible business practices. By promoting transformational governance, businesses can play a crucial role in building a more just and inclusive world."

Aligned with Sustainable Development Goal (SDG) 16—Peace, Justice, and Strong Institutions, the toolkit addresses transformational governance's twofold relevance to business; it not only contributes to progress across the entire SDG agenda but also creates sustainable and profitable environments for business and investment.

Key Features and Benefits of the toolkit include:

• Risk Mitigation and Long-Term Viability: Businesses can secure a head start on risk mitigation, ensuring less volatility and creating long-term economic value through compliance with principles.
• Global Alignment: By working towards compliance with transformational governance principles, businesses establish a strategic roadmap for integrating these principles into corporate endeavors, aligning with global entities and legal frameworks.
• Stakeholder Trust and Social Stability: Companies demonstrating commitment to transformational governance attract investments from socially responsible funds, improving brand value and customer loyalty.

The toolkit includes a user-friendly online Transformational Governance Self-Assessment Tool, providing a framework for companies to engage with and apply the principles of transformational governance. This tool allows businesses to assess their baseline on the spectrum of transformational governance and identify key gaps in their current approach, mapped against relevant SDG 16 targets.

In addition to the self-assessment tool, the toolkit features three business briefs:

• Investing in Transformational Governance Business Brief: Reviews key trends and guidance to investors, highlighting barriers and identifying opportunities for investors to contribute to SDG 16 targets.
• Transformational Governance and Responsible Governmental Engagement Business Brief: Explores governmental engagement channels, emphasizing the need for a clear integrity framework for corporate action.
• Transformational Governance and the Role of the Corporate Board and Executive Leadership Business Brief: Provides insights on incorporating transformational governance into business strategies, supporting the goals of SDG 16.

The toolkit was developed in collaboration with participating companies and partner organizations of the United Nations Global Compact Think Lab on Transformational Governance. This initiative brought together 20 companies from 5 regions to shape and define thought leadership on key issues related to transformational governance, address key business challenges, and identify policy advocacy opportunities and scale up learnings through the network of the UN Global Compact.

For more information and to access the Transformational Governance Corporate Toolkit, please visit this website.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 62 Local Networks covering 67 countries and 15 Country Managers establishing Networks in 34 other countries, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

Contact

For further information or any media enquiries please contact:

Alexandra Gee
gee@unglobalcompact.org

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New York, NY – February 13, 2024 – In the face of rapidly depleting freshwater supplies across U.S. water basins, the private sector can be a pivotal force capable of steering positive change within communities. This opportunity is highlighted in the white paper "From Ripples to Waves: The Value of Corporate Water Stewardship," which was unveiled yesterday at the GreenBiz 24 conference in Arizona. The UN Global Compact Network USA (Network USA) produced the report, with contributions from the CEO Water Mandate and the sustainability nonprofit Ceres.

"From Ripples to Waves: The Value of Corporate Water Stewardship” discusses the value of water and serves as a call to action for businesses to address water challenges proactively. Delving into the practices of six companies across various sizes and sectors – including PepsiCo, Microsoft, Gotham Greens, Cargill, S&P Global, and Xylem – the white paper provides tangible examples of effective water stewardship.

The companies’ case studies showcase how they integrate water risk as a core consideration, establishing a compelling business and environmental case for actions involving diverse stakeholders and driving positive water impacts. Through these examples, the report highlights how the private sector can make a demonstrable contribution to the achievement of Sustainable Development Goal (SDG) 6: Clean Water and Sanitation for all.

"Businesses nationwide are tackling the water crisis with a blend of innovation and ambition. 'From Ripples to Waves: The Value of Corporate Water Stewardship' highlights these best practices, and we hope that companies reading it will find inspiration as they navigate water challenges within their strategies and operations," said Adam Roy Gordon, Executive Director of UN Global Compact Network USA.

“In the face of depleting freshwater supplies, this white paper unveils the transformative role the private sector can play in creating positive impact,” said Jason Morrison, President of the Pacific Institute & Head of UN Global Compact CEO Water Mandate. “The tangible examples and compelling cases it presents can serve as inspiration for businesses to adopt water stewardship in their operations.”

“No industry can survive without water. Businesses must assume a leading role in tackling water risks affecting their operations and supply chains and impacting global water resources and economic security,” said Kirsten James, Senior Program Director of Water of Ceres. “We hope by elevating the best practices of water stewardship we will inspire more companies to strengthen their own strategies, leverage innovation, and work with stakeholders to raise ambition and accelerate action on our shared water challenges.”

The urgency of the matter is underscored by sobering statistics in the U.S., where 2.2million Americans lack access to running water, and 9 million to 45 million are served by drinking water systems with health-based quality violations. Over the next decade, compounding factors such as groundwater depletion, infrastructure challenges, and climate change are expected to intensify pressure on already strained water systems.

Businesses are increasingly recognizing the gravity of this issue. A recent UN Global Compact study of companies worldwide revealed that nearly 45 percent identified water insecurity as a business risk, estimating a financial exposure exceeding $425 billion. This figure is anticipated to rise significantly as the water crisis worsens.

"From Ripples to Waves: The Value of Corporate Water Stewardship" can be downloaded here.

Network USA would like to thank S&P Global and Xylem for their patronage and support for the report.

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About UN Global Compact Network USA

UN Global Compact Network USA (Network USA) is the U.S. Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater U.N., Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit GlobalCompactUSA.org.

With an anticipated 40 per cent shortfall in the world’s water supply and demand by 2030, corporations must take proactive steps to improve water resilience in operational processes and supply chains — and in the communities affected by their operations.

According to the United Nations, global efforts need to quadruple to meet the water and sanitation targets set for 2030 in Sustainable Development Goal 6.

In recognition of World Wetlands Day, the UN Global Compact is urging businesses to commit to Water Resilience: Target 1 of Forward Faster:

Achieve collective positive water impact in at least 100 vulnerable prioritized water basins by 2030.

Taken from our Forward Faster Action Guide, here are four key resources to inform and guide corporate initiatives towards water resilience.

1. Water Action Hub: Navigate through interactive maps of the initial 100 Prioritized Basins and discover potential partners and implementers. This hub serves as a comprehensive resource to identify regions where water resilience efforts can have a significant impact.

2. Partner to enhance collective action: Many companies have harnessed the potential of collaborative actions, acknowledging that multi-stakeholder efforts yield the most profound impact. Learn how collaborating with stakeholders can amplify water resilience initiatives by signing up for Forward Faster.

3. Basins Diagnostic Guide: Gain a deeper understanding of how positive impact at the basin level can be measured. Use this diagnostic guide to assess and prioritize interventions that will have a meaningful and lasting effect on water resilience in specific regions.

4. Set Science-Based Targets for fresh water: In 2024, new guidance will be released by the Science-Based Targets Network (SBTN) on science-based target-setting for fresh water. Evaluate, prioritize and set numeric targets based on science. The SBTN provides a roadmap for companies to assess their impact on fresh water resources and to develop actionable strategies that improve their water footprints.

Right now, more than 2 billion people lack safe drinking water.

By leveraging our Forward Faster resources, your organization can take more ambitious action towards water resilience.

Join us in recognizing World Wetlands Day by committing to Water Resilience: Target 1 and move #ForwardFaster towards a more water-secure, sustainable future.

Learn more.

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Happy New Year. I hope the first few days of 2024 bring you renewed hope and vigor as we continue our collective work towards a sustainable and equitable world. Over the last few weeks, I have found myself reflecting on the final quarter of 2023 and all that took place.

Most notably, Network USA joined leaders from around the world at COP28. As many of you are aware, considerable progress has been made by nations in addressing the climate crisis through negotiations in the global stocktake, which will guide countries on their climate actions. Yet the actions of governments alone will not be enough, and this is where the private sector will play a pivotal role. Beyond merely implementing the aspirations discussed at COP28, the private sector has the capacity to drive solutions with increased ambition. As an integral member of both the largest market and corporate sustainability initiative in the world, you are poised to take the lead, propelling the world towards progress forward, faster.

I am pleased to provide a summary of 2023’s fourth quarter activities and work.

Growth

Network USA welcomed 36 new participants in Q4 2023, boasting 1,130 participants in total, collectively representing over $5 trillion in revenue or approximately 18% of the US GDP. To align with our growing network, our engagement team is enhancing our approach to connect you with opportunities that enable you to become further involved with the UN Global Compact.

US Leadership in Climate Change

As highlighted earlier, COP28 yielded significant progress in the global dialogue on responsible climate and environmental stewardship. It was particularly uplifting to witness the active involvement of the U.S. in shaping these discussions. Network USA hosted a high-level dinner in Dubai, attended by corporate representatives and government officials from the U.S. Department of Agriculture, U.S. Department of Energy, U.S. Department of Health and Human Services, U.S. Department of State, the White House Office of Science and Technology Policy, among others. Conversations centered on positioning the U.S. as a trailblazer towards a more promising future.

During COP28, we also offered an exclusive preview of our upcoming whitepaper focused on corporate water stewardship in the U.S. If climate change is the shark, water impacts are its teeth. Given the substantial effect of water-related risks on businesses, this document promises valuable insights into how various industries and companies have approached this increasingly pressing issue.

Streamlined Governance for Business Sustainability

Good governance is fundamental to business resilience and longevity. Acknowledging this, the UN Global Compact launched the Call-to-Action for Companies and Governments to Collaborate on Enhancing Governance and Anti-Corruption Efforts, a message prominently conveyed during the Conference of the States Parties (CoSP) 10 in Georgia, where Network USA moderated a panel session on this topic at the event’s Private Sector Forum.

Accelerating Climate Ambitions

We successfully concluded our popular Climate Ambition Accelerator program. Over six months, 58 participants from 29 companies acquired the knowledge and skills to expedite progress towards science-based emissions reduction targets aligned with the 1.5°C pathway, paving the way for net-zero emissions by 2050. Applications for the next Climate Ambition Accelerator round will open in February.

Human Rights and Business

2023 marked the 75th anniversary of the Universal Declaration of Human Rights, serving as a poignant reminder that our efforts to safeguard human rights remain unfinished. This sentiment resonated strongly as we represented US business at the 12th Business & Human Rights Forum in Geneva. Recognizing the potential for businesses to catalyze positive change in their operations, we are steadfast in integrating this focus into our programming initiatives. In February, we will launch our inaugural Business and Human Rights Accelerator, featuring 37 participants from 18 companies.

Strategic Development

Network USA concluded the development of its new strategy. Our strategy will provide organizational direction in amplifying and expediting our mission of supporting companies that are fully committed to integrating the SDGs and the Ten Principles into their business strategies and operations. Detailed insights into our strategy will be provided in the coming months.

I am proud of the meaningful contributions and accomplishments that define our network, and I recognize the potential to do so much more. Anticipating a year of productivity and meaningful impact in 2024, we stand ready to collaborate with you for shared success.

Thank you for your support and partnership.


Sincerely,

Adam Roy Gordon
Executive Director
UN Global Compact Network USA

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Dear Participants of the UN Global Compact,

Today’s great challenges – climate change, conflict, widening inequalities, socio-economic and geopolitical changes – intensify, while the confluence of social, technological, political and economic megatrends generates unprecedented complexity, uncertainty and disruption.

We face an expanding list of bigger, more critical decisions and equally critical opportunities demanding our attention. The consequences of action, or inaction, are greater than ever.

Over the last few years, I have heard time and again from business leaders seeking to leverage the private sector's strengths to solve problems and drive transformative change. The global, regional and local convenings of the UN Global Compact have provided opportunities for sharing cross-cutting solutions and breakthroughs on diverse challenges, including climate action, renewable energy and living wage.

Innovations and solutions are within reach. Collectively, we must move at a speed, scale and scope that ensures sustainable results for the challenges we face.

Twenty-five years ago, then Secretary-General Kofi Annan called on the private sector to form a global compact for business and bring a human face to the global market. Since then, the Global Compact has grown to a participant base of more than 20,000 companies. Our ambition is to continue on a solid growth and delivery trajectory, especially when the private sector is needed now more than ever.

Shaping Agendas

2023 marked the mid-point of the implementation of the 2030 Agenda for Sustainable Development. The setbacks to progress on the Sustainable Development Goals (SDGs) were widely acknowledged. This reality check emphasized the need for all stakeholders—businesses, Governments, civil society and the United Nations—to work harder and smarter together.

In response, the UN Global Compact launched the Forward Faster initiative. This initiative focuses on five key action areas – gender equality, climate action, living wage, finance & investment and water resilience which represent critical multipliers to accelerate progress through private sector actions across all 17 SDGs. It’s a seven-year push to 2030 that all participants should join.

Addressing Critical Issues

Progress on the SDGs is intertwined with the Ten Principles of the UN Global Compact—human rights, labour, the environment and anti-corruption. Throughout 2023, the UN Global Compact and its participants addressed critical issues at key gatherings on these topics, demonstrating that principled and value-based business actions result in real financial and sustainability value for business.

After the 12th UN Forum on Business and Human Rights, which took stock of 75 years of the Universal Declaration of Human Rights, we remain committed to equipping companies with tools for ongoing human rights due diligence processes.

Post COP28, clear signals on renewables, adaptation and finance emerged. We are ready to build bridges between business and policymakers revising their climate action plans which should serve as investment roadmaps for the private sector.

Following the 10th session of the Conference of the States Parties to the UN Convention against Corruption, where we co-hosted the gathering’s first Private Sector Forum, we continue our work to stamp out corruption, energized by the support of the 190 Governments that resolved to strengthen business integrity and work with the private sector following our Call-to-Action which was signed by 500 companies.

Looking Ahead

In 2024, the UN Global Compact will continue to serve as a platform for companies to lead, learn, connect, advocate and report. By providing actionable guidance on how to apply the Ten Principles in business operations, our focus will be on accountability, delivery, ambition, and mobilization. This includes a reinvigorated effort to deliver a Communication on Progress platform for participants.

With the establishment of our regional hubs in Abuja, Bangkok, Copenhagen, Dubai and Panama City, we will work closer with participating companies and Global Compact Networks. Looking ahead, we want more businesses, coalitions and partnerships to drive actions at the local and regional scales and scopes needed for transformation.

The Summit of the Future this September will be a once-in-a-generation opportunity to enhance cooperation on critical challenges and address gaps in global governance. It will reaffirm existing commitments, including to the SDGs, and move towards a reinvigorated multilateral system.

We are poised to bring the private sector into important conversations prior to, and during the Summit. Safeguarding the future, addressing short-termism and turbocharging the SDGs are all in the interest of responsible business.

Let’s leverage the power of 20,000 companies together for the private sector-led opportunities that we must seize and advance. I encourage all participants to engage with our global, regional and local platforms and programmes.

Being Part of the UN Global Compact

Being part of the UN Global Compact means advancing the voice of the private sector as a key contributor to the SDGs on global platforms. It means engaging the private sector in key transitions of energy, climate, food systems, education, digital connectivity and jobs. It means building powerful regional platforms to advance regional priorities.

Looking at some of the places where we worked in 2023, it means advancing renewable energy in Europe and business-led biodiversity conservation in the Amazon. It means working across industries to fight gender discrimination and upskill women in the workplace in Sri Lanka and helping SMEs in Ukraine rebuild their businesses despite the ongoing war. It means a public-private partnership for sustainable transport in Nigeria. In the United States, it means harnessing the private sector to ensure that companies and their global supply chains have the resources and support to fully integrate the SDGs and Ten Principles into their operations.

Growing stronger companies and more resilient economies worldwide is what it looks like to be part of the UN Global Compact.

This is a glimpse of the future we all want. In 2024, let’s be brave and more ambitious than ever.

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Sincerely,

Sanda Ojiambo

CEO and Executive Director of the UN Global Compact

Assistant Secretary-General

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CEOs and senior UN officials gathered at a meeting at the World Economic Forum in Davos convened by the UN Global Compact, the world’s largest corporate sustainability initiative, to discuss the future of responsible business anchored by the UN Global Compact Ten Principles in human rights, labor, environment and anti-corruption.  

The meeting marked 25 years since the UN Global Compact was proposed by then UN Secretary-General, Kofi Annan. The findings from the meeting discussions will be used to help shape the agenda for the 2024 UN Summit of the Future and provide UN leadership with a stronger understanding of how to fully engage the private sector in the intergovernmentally negotiated, action-oriented Pact for the Future.

The Summit of the Future is a once-in-a-generation opportunity to enhance cooperation on critical challenges and address gaps in global governance, reaffirm existing commitments including to the Sustainable Development Goals (SDGs) and the UN Charter, and move towards a reinvigorated multilateral system that is better positioned to positively impact people’s lives. Building on the SDG Summit in 2023, Member States will consider ways to lay the foundations for more effective global cooperation that can deal with today’s challenges as well as new threats in the future.

Major global shocks in recent years – including the COVID-19 pandemic, multiple conflicts, and the triple planetary crisis — have posed risks to business growth and the resilience of the multilateral system. The Global Risks Report 2024 from the World Economic Forum highlighted extreme weather and misinformation as most likely to trigger a global crisis in the next couple of years. In addition the report notes that two-thirds of global experts anticipate a multipolar or fragmented order to take shape over the next decade and that cooperation on urgent global issues could be in short supply, requiring new approaches and solutions.

The latest SDG Progress Report showed that just 15 per cent of the SDG targets are on track, progress on 48 per cent is weak and insufficient and progress has stalled or gone into reverse on 37 per cent of the SDGs.

During the high-level event, business leaders explored how companies can collectively drive progress on the SDGs, manage global shocks and create the partnerships needed to secure a resilient and sustainable future through the UN Global Compact Forward Faster initiative.

Forward Faster calls on business leaders everywhere to take measurable, credible and ambitious action in five areas — gender equality, climate action, living wage, water resilience and finance & investment — that have the power to accelerate progress across all SDGs where the private sector can collectively make the biggest, fastest impact by 2030. In addition, the UN Global Compact is looking at how the private sector can contribute to ensuring the food system limits and better copes with climate change through Forward Faster.

CEOs from the UN Global Compact and Pacific Institute Water Resilience Coalition also met separately at the World Economic Forum to discuss the pivotal role of the private sector in water stewardship.

As leaders in business and Government convene in Davos, Switzerland, for the 2024 World Economic Forum (WEF) annual meeting, sustainable finance and investment are expected to take center stage. The release of the 2024 Global Risk Report from WEF underscores how private sector strategies that directly support the Sustainable Development Goals (SDGs) are absolutely critical.

Amidst worsening geopolitical and economic crises, the report forecasts an increase in turbulence over the next 10 years, from climate-related catastrophes to geopolitical tensions.

WEF provides an opportunity for corporate leaders to partner and plan strategies for reaching our sustainable future. Especially as momentum builds ahead of the Pact of the Future and Summit of the Future in September, there is a clear imperative for collaborative strategy building.

Drawing inspiration from the UN Global Compact Forward Faster action guide for Sustainable Finance & Investment, here are five essential strategies to ensure your business reaches sustainable finance targets by 2030.

1. Embrace CFO Principles for SDG investments and finance. Familiarize yourself with UN Global Compact CFO Coalition’s “CFO Principles” that integrate SDG investments and finance. These principles offer a comprehensive framework for aligning financial strategies with sustainable development, ensuring that every financial decision contributes to the SDGs.

2. Establish 2030 targets using benchmarking analysis. Set clear targets for 2030 with intermediate milestones by calculating the relative percentage of SDG-aligned investments in your organization. This approach ensures a strong trajectory towards sustainability, allowing investors and stakeholders to monitor and contextualize progress.

3. Make transparent disclosures of SDG-aligned investments. Demonstrate your commitment to sustainability by publicly disclosing SDG-aligned investments. Include these disclosures in your company's annual report and other key investor communications. Transparency fosters trust and accountability, both of which are key to educating investors on sustainable values.

4. Develop a sustainable financing framework. Establish a sustainable financing framework that precisely outlines how your corporate financing strategy is linked to the SDGs. This framework will guide investors, spelling out the non-negotiable link between financial decisions and sustainable impact.

5. Verify ambitious targets via third parties. Independent verification adds credibility to your sustainability commitments, instilling confidence in investors and stakeholders.

The leaders who succeed are the ones who meet the needs of the future by moving forward.

As we navigate the landscape of global finance, Forward Faster serves as a guide for organizations that want to actualize their commitments with real contributions to the SDGs.

Join the UN Global Compact at Davos as we explore how sustainable finance can drive us towards a future where our businesses and planet prosper together.

New York, NY, United States of America

Reflecting on the past year’s achievements, the UN Global Compact stood at a crossroads in our mission to advance the 2030 Agenda. Amidst pressing geopolitical tensions, climate challenges and social inequities, businesses must make more ambitious strides in 2024. The challenges of the past year underscored the urgent need for businesses to take more credible, accountable action in the year ahead.

We have heard widespread calls for action, accountability and credibility, with more conversations on carbon emissions reduction happening across industries. With the conclusions of COP28 in mind, we celebrate five major successes that showcase our collective impact as the world’s largest sustainability initiative – and the importance of keeping up our important work. Here are some 2023 highlights from the UN Global Compact to build on in 2024:

1. Forward Faster’s growing traction: Launched at the Leaders Summit in September, Forward Faster aims to increase accountability and transparency by calling for companies to publicly declare their commitments and highlight the actions they will undertake to meet their targets. With more and more companies committed to Forward Faster targets, we are driving companies towards our Global Goals with more credibility than ever. As more companies commit to ambitious targets, we will guide them through the inevitable challenges that can come with decisive and meaningful change. Watch the latest Forward Faster video.

2. One Global Compact at COP28: The UN Global Compact demonstrated a unified effort during COP28. Hosting more than 40 events in collaboration with 10 Local Networks, we engaged companies on critical themes, participated in core processes of the United Nations Framework Convention on Climate Change and ensured private sector contributions to the first Global Stocktake. By leveraging efforts like Forward Faster and the Africa Business Leaders Coalition (ABLC), we united globally as One Global Compact to gather private sector insights and contributions on climate action.

3. Substantial participant growth: The global participant base of the UN Global Compact has grown by 60 per cent since the launch of the 2021-2023 strategy, exceeding more than 20,000 companies. This means that more than one-third of all participating companies have joined in the last three years. This growth is underscored by the enduring commitment of our participants, with a remarkable 95 per cent retention rate globally. Our expanding network indicates that once companies join, they remain dedicated to our shared goals.

4. Unprecedented global expansion: Since the launch of our 2021-2023 strategy, the UN Global Compact has significantly expanded its regional network, establishing hubs in Abuja, Bangkok, Copenhagen, Dubai and Panama City. With a global footprint spanning 100 countries (far exceeding our initial target), our collaborative efforts feature 62 Local Networks, with 15 new Country Managers poised to support our further expansion.

5. Increase in Academy registrations: In 2023, the UN Global Compact Academy witnessed more than 95,000 course participants reporting a 4.4/5 satisfaction rate. This represents a substantial 260 per cent growth across the platform in 180+ countries. The success of our Academy courses, complemented by the COP28 Debrief session and the 2024 Academy portfolio, highlights our ability to scale impact with digital tools and resources – especially with critical new initiatives like Forward Faster.

As we build momentum towards 2030, the UN Global Compact is poised to help businesses move Forward Faster. Much faster. To paraphrase the vice chair of the UN Global Compact Board Paul Polman at our recent Caring for Climate meeting: “If you are not uncomfortable, you are doing it wrong”.

We are ready to support our participants through their growing pains and celebrate their accomplishments along the way. Join Forward Faster and secure the future of your business, the world’s people and our planet.

COP28 Recap: Leveraging the Voice and Actions of the US Private Sector

The significance of the COP28 meeting in Dubai cannot be overstated, with discussions holding immense implications for the future of our planet.

Several groundbreaking conversations have unfolded during the summit. In a historic move, the opening plenary on the first day of COP28 witnessed the establishment of a loss and damage fund for vulnerable countries impacted heavily by climate change. Governments also decided on the first ever global stocktake at COP28, which “called on” nations to take a variety of actions to reduce emissions.

Amidst the discussions and negotiations among countries at COP28, UN Global Compact Network USA (Network USA) was in Dubai to leverage the voices and actions of the US private sector in developing a roadmap for a livable planet.

This recap offers a glimpse into our endeavors, underscoring the commitment of Network USA to drive positive change and sustainable practices within the private sector.

 A Summary of Network USA Activities

• US Companies Shine a Spotlight on Corporate Water Stewardship: Network USA organized a thought-provoking panel titled "From Ripples to Waves: How Corporate Water Stewardship Shapes Climate Futures." The panel offered attendees an exclusive glimpse into the case studies, insights, and lessons featured in our forthcoming white paper on water stewardship. Special thanks to our speakers who actively participated in this engaging discussion: Cheryl Hicks, Senior Advisor, CEO Water Mandate (Moderator); Naji Skaf, President of MEIAA, Xylem; and Steven Bullock, Global Head of Research and Methodology, S&P Global.
• Convening Senior US Government and Corporate Leaders for Climate Action: On December 6, Network USA hosted the U.S. Climate Leaders Salon Dinner at SAL in the Burj Al Arab. The event, attended by federal government officials, US business leaders, UN representatives, and Network USA Board members, provided a unique opportunity for these leaders to gather in an intimate setting. The focus was on fostering a deeper understanding of the public-private partnerships and dialogues needed to advance climate action in the US.

Other highlights

• Network USA Executive Director Adam Roy Gordon shared insights at a COP28 kickoff event hosted by Johnson Controls at the Museum of the Future. As part of a panel discussion, Adam explored strategies for businesses to overcome obstacles in investing in sustainability.
• Network USA Board Member Michael Okoroafor, Chief Sustainability Officer of McCormick & Company, offered his perspective on enhancing the role of businesses in addressing climate change during the Caring for Climate session. Michael engaged in discussions alongside UN Global Compact Executive Director & CEO Sanda Ojiambo and Special Adviser to the Secretary-General on Climate Action and Just Transition Selwin Hart. Joining Michael in representing Network USA were Board Members Gayle Schueller, Chief Sustainability Officer of 3M, Gavin Power, Chief of Sustainable Development and International Affairs of PIMCO, and Adam Roy Gordon, Executive Director of Network USA.
• Network USA Board Member Gavin Power, Chief of Sustainable Development and International Affairs at PIMCO, participated in a panel addressing the pivotal role finance plays in shaping a climate-safe future at the SDG Investment Forum. The CFO Coalition hosted this insightful forum at NASDAQ Dubai.

Other private sector news from COP28:

• CFOs Respond to the Call for Greater Private Sector Investment in Climate Action at COP28
• New framework for developing just and inclusive maritime green corridors that create opportunities for both people and countries
• Leading CEOs call for Greater Private Sector Action on Nature and Biodiversity and a Just Transition at COP28
• Five Fundamental Business Actions to Improve Water Resilience

For more on COP28, register for the webinar COP28 Debrief: What's Next for the Private Sector?, which takes place on Monday, December 18 at 9:30 am EST.

Stay informed about our activities and discover opportunities to engage by subscribing to our newsletter.

With more than one billion working people (a third of the global workforce) struggling to earn enough for a decent standard of living, ensuring a living wage is paramount to our achievement of the 2030 Agenda.

This week, the United Nations Global Compact is celebrating the 75th anniversary of the Universal Declaration of Human Rights by inviting businesses to join the Forward Faster initiative and commit to Living Wage: Target 1.

By committing to Living Wage: Target 1, your organization is pledging that 100 per cent of employees across your organization earn a living wage by 2030.

Here is a proposed roadmap with practical actions to implement the Forward Faster target on living wage:

1. Understand the concept of the living wage and how it relates to legal or negotiated minimum wages. The living wage concept in business means going beyond legal minimums, ensuring fair compensation for employees. It represents income for basic needs and decent standards of living, contributing to the global movement towards social sustainability and ethical labour practices.

2. Secure endorsement and support of senior leadership to implement the commitment that 100 per cent of employees across the organization earn a living wage by 2030. Senior leadership support for a 100 per cent living wage by 2030 is critical. It signals a top-down commitment to social responsibility, enhancing reputation and attracting socially conscious clients and customers throughout the supply chain and business operations.

3. Identify gaps between current wages paid to direct employees and credible living wage estimates, taking into account geographic locations. Analyzing wage gaps and considering geographic variations ensures a realistic living wage commitment. Tailoring strategies to various regions aligns your organization with greater transitions towards social sustainability while supporting local economic development.

4. Engage with workers and their representatives. The implementation of living wages cannot be developed in a top-down manner without due consultation with workers and their representatives. Trade unions should play a role in wage discussions at enterprise level. Companies need to acknowledge the role of social dialogue in the wage-setting process to ensure that wages and working conditions are influenced by networks of worker representatives, worker committees, enterprise councils and trade unions.

5. Set clear, time-bound targets and develop and implement a clear and transparent strategy and payment process to address wage gaps to achieve your living wage commitment. This involves openly communicating the strategy to address wage gaps. Clarity ensures accountability and helps employees understand the steps being taken to fulfill the commitment. A well-defined strategy, coupled with transparent processes, promotes trust, aligning with the principles of sustainability and demonstrating a commitment to fair compensation practices within the organization.

6. Conduct ongoing monitoring and update wage levels. Have a process in place to regularly review wages and address any instances of payment that are below the cost of living estimates. This process should also ensure that consistent, full and timely payment of wages has been made to all workers.

By implementing these practical measures, your organization can contribute to SDG 8. Join us by committing to Living Wage: Target 1 and move #ForwardFaster towards a more equitable, sustainable and just future.

The United Nations Office on Drugs and Crime (UNODC) and the United Nations Global Compact called for greater private sector action to strengthen governance and anti-corruption efforts during the tenth session of the Conference of the States Parties (CoSP) today.

CoSP is the largest global anti-corruption gathering and the main policymaking body of the UN Convention against Corruption (UNCAC). This is the first year the event has included a Private Sector Forum to advance the global business integrity agenda by taking stock of achievements and challenges in implementing UNCAC and the Tenth Principle of the UN Global Compact.

Corruption is one of the greatest obstacles to economic and social development around the world, and has considerable and costly impacts on the private sector.

Corruption raises transaction costs, undermines fair competition, distorts development priorities, impedes long-term foreign and domestic investment and has a corrosive effect on social solidarity.

The Tenth Principle of the UN Global Compact, underpinned by the UNCAC, was adopted in 2004 and commits participants of the UN Global Compact not only to avoid bribery, extortion and other forms of corruption, but to proactively develop policies and concrete programmes to address corruption internally and within their supply chains. Companies are also challenged to work collectively and join civil society, the UN and Governments to realize a more transparent global economy.

During CoSP, the UN Global Compact presented a Call-to-Action signed by more than 500 companies across the globe urging Governments to underscore anti-corruption and good governance as fundamental pillars of a sustainable and inclusive global economy and embrace them as important tenets of the 2030 Agenda for Sustainable Development.

At the Private Sector Forum, more than 200 participants, including business leaders, chief compliance and legal officers, sustainability, governance and business integrity experts, as well as key stakeholders from the public sector, civil society, academia and international organizations, explored how to commit to business integrity and how that commitment can be assessed by investors, customers and regulators through corporate sustainability reporting. Discussions also centered on addressing challenges posed by corruption in international investment and foreign direct investment, the role of gatekeepers in the global financial system, and realigning companies after corruption scandals.

Overall, the Private Sector Forum contributed to identifying emerging trends, showcasing good practices and highlighting key priorities to enhance corporate governance and tackle corruption in the private sector.

“Fair business practices make it easier for companies to win the trust of investors and consumers. We know that responsible companies are more resilient, contributing to longer-term economic growth and jobs creation,” said UNODC Executive Director Ghada Waly. “To make significant progress, companies must address business integrity throughout their operations and supply chains, and in all their interactions with Governments as well as with business partners.”

Speaking about the importance of the private sector in addressing corruption, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact said: “The enormous, ongoing fight against corruption requires targeted, sustained and collective action. At this Private Sector Forum, business leaders and many diverse stakeholders have considered the dangers that corruption presents for companies, economies, and the entire global community. Together, we must champion ethical business practices throughout business operations, including through partners and supply chains, and in the communities we serve. We must remain united against corruption.”

Practical tools were released during the Private Sector Forum to guide business action on integrity:

• Draft for consultation: A Resource Guide on State Measures for Strengthening Business Integrity by UNODC, the UN Global Compact and the Organisation for Economic Co-operation and Development (OECD);
• The handbook “Towards Building a Road of Integrity: Perspectives of Business Integrity and Compliance” by UNODC;
• The Transformational Governance Corporate Toolkit, by the UN Global Compact to support businesses in adopting an expanded approach to governance.

About the UN Office on Drugs and Crime

UNODC has been delivering projects on business integrity since 2011 and is currently providing support to companies in line with UNCAC. More information is available on the UNODC Business Integrity Portal.

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. UNCAC is the underlying instrument of the Tenth Principle of the UN Global Compact, committing businesses to work against corruption in all its forms. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

In an era defined by increasingly intricate global supply chains, businesses are confronted with a pressing and urgent issue: child labor. Child labor is a widespread concern, seeping into sectors such as agriculture, automotive, and technology. According to the ILO and UNICEF, nearly one in ten children globally is subjected to child labor, and some are coerced into hazardous work through human trafficking. Failing to address these issues not only gives rise to significant ethical dilemmas but also exposes businesses to escalating risks, including damage to their reputation, legal consequences, and disruptions in their supply chains.

Against this backdrop, the Child Labor Platform (CLP), a leading business initiative created by the International Labor Organization (ILO) to eradicate child labor in supply chains, convenes companies and drives collective private sector action towards achieving Target 8.7 - the United Nations Sustainable Development Goal aimed at eradicating child labor by 2030.

In a recent conversation, the UN Global Compact Network USA interviewed Katherine Torres, Senior Program Officer for Fundamental Principles and Rights at Work in Supply Chains, at the ILO’s CLP. The discussion explored both the role of the private sector in eradicating child labor within supply chains and the available resources to support the private sector in these efforts.

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Questions

1. Could you offer insights on the presence of child labor situation, including in the United States, outlining its extent and highlighting notable challenges and emerging patterns you've witnessed in recent years?

Around the world, an estimated 160 million children are working in conditions of child labor, including in the United States. Within global supply chains, child labor largely occurs in upstream production of raw materials and agriculture, which are used as inputs into goods that are exported to countries like the US. This means that child labor often takes place in preceding tiers of the supply chain, and as a result, it is critical that businesses committed to eliminating child labor focus their efforts beyond their immediate suppliers. Due to most of the child labor taking place in the informal and rural sectors, visibility and traceability remains a challenge. Moreover, climate change, inadequate wages, and a lack of decent work opportunities for adults are all factors that increase children’s vulnerability to child labor. 

2. What is the CLP, and how does the CLP support governments, including the U.S. government, promote policies and legislation related to child labor elimination?

The CLP is the leading, cross-sectoral business initiative to eradicate child labor in supply chains. The Platform brings together businesses across industries to share good practices and implement collective solutions to end child labor in supply chains. It works to not only advance change at the global level, but also to tackle the root causes of child labor on the ground through pre-competitive and cross-sectoral interventions. There are currently 24 member companies of the CLP, including major multinationals in the food and beverage, clothing, construction materials, luxury goods, and tech sectors.

The CLP is also a recognized business network of the Alliance 8.7. –a global multi-stakeholder coalition under the 2030 Sustainable Development Goals (SDGs) that aims to accelerate timelines and action towards the elimination of child labor and forced labor. Businesses can contribute to the UN SDGs through the CLP’s link to the Alliance 8.7 and by participating in the CLP’s activities and cross-sectoral and in-country initiatives.

3. Could you provide examples of specific tools or guidance materials developed by the CLP that American businesses can utilize to combat child labor in their supply chains?

Companies can make a profound impact not only by remediating child labor, but also by reorienting management systems and rethinking business models to address the root causes of child labor and promote decent work. The CLP secretariat provides members with guidance on how to improve company policies and practices through bilateral consultations. It also organizes regular exchanges for sharing knowledge and tools to tackle the root causes of child labor, including through annual in-person conferences, membership meetings, and webinars. In addition to offering technical consultations to members and connecting companies to ILO expertise around the world, the CLP has developed a range of publicly available resources to assist businesses in understanding, monitoring, and addressing child labor in their supply chains. For example, the ILO-IOE child labour guidance tool for business outlines steps companies can take to improve governance, due diligence, and remediation processes and the brief Vulnerabilities to child labour highlights how climate change, crises, informality, and marginalization faced by indigenous groups can increase the risks of children engaging in child labor.

4. The CLP has established Country Working Groups to support and build on its members' activities and best practices and to identify and implement concrete solutions at the national level cooperatively. Can you elaborate on the role of American companies in advancing cross-sectoral collaboration at the country level through CLP Country Working Groups?

Effectively addressing child labor requires collaboration and a cross-sectoral approach. Through the CLP Country Working Groups for Côte d’Ivoire, Democratic Republic of the Congo, and India, businesses have supported collective action and government engagement and connected with ILO projects on the ground.  The ILO’s unparalleled convening power brings companies together with workers, national employers, and governments to collectively address the root causes of the problem. For example, in DRC, companies are supporting the development of the government’s centralized Child Labour Monitoring and Remediation System by connecting with suppliers and developing remediation support mechanisms and, in India, members are engaging in a research and capacity-building project to better understand the drivers of child labor in cotton, spices, and agricultural supply chains.

5. How does the CLP work with businesses to conduct impact assessments and measure the effectiveness of child labor elimination efforts in their supply chains?

In 2023, the CLP conducted an analysis on nearly 60 companies’ codes of conduct to determine whether they adequately addressed child labor. This review considered alignment with international standards on child labor as they relate to respect for human rights, prevention, and remedy.  The findings demonstrate that most companies do not have explicit commitments to providing remediation for child labor, including for hazardous child labor. The Platform can work with individual companies or groups of companies to provide training, expertise, and knowledge building on child labor, drawing on the resources, research, and experience in the ILO, and facilitate dialogue with governments and workers’ and employers’ organizations at national and local levels on child labor policy and legislation.

6. What are some success stories or case studies of companies that have actively participated in the CLP and achieved positive results in addressing child labor?

In 2023, ILO, with support for the European Union, the ILO launched the “Ending Child Labour in Supply Chains” project, which will be implemented over the next three years and will benefit from collaboration among UN agencies and supply chain actors at the global, regional, national, and local levels.

Through the CLP, the private sector will play a central role in this project. CLP member companies, including major U.S. brands, will participate directly in the project’s implementation and activities and build on multinationals’ existing due diligence efforts.

With the private sector, the project will promote sustainable solutions to child labor in the coffee sector in Honduras, Uganda, and Vietnam. The project, moreover, will scale up child labor due diligence and responsible sourcing in coffee supply chains at all levels, strengthen social dialogue and small producers’ organizations, and foster synergies between private sector initiatives and those of governments and country-level institutions and actors to address child labor and promote decent work in coffee production.

In addition, in Côte d'Ivoire, US companies are involved in a program to increase access to public health insurance for farmers and their families in the cocoa supply chain. Access to social protection mechanisms like insurance are critical to protect families from economic shocks that can result in increased child labor. So far over 6,000 workers have received coverage under this initiative. Moreover, US companies are collaborating with additional stakeholders to better understand options for remediating hazardous labor conditions for children ages 14-17 by supporting apprentice and technical and vocational training programs.

Separately, a US company participated in a research project designed to better understand child labor conditions in the recycling sector in Mexico. This included implementing a baseline study to identify child labor risks and a discussion with stakeholders to design a plan of action. As a result of this research initiative, the government of Mexico agreed to develop a roadmap to address child labor in the recycling sector, which will be implemented in partnership with the private sector.

Businesses stepping into the realm of combating child labor within supply chains face a complex landscape, but engagement and collaboration are key starting points. To embark on this critical journey, organizations can find valuable resources and guidance through the UN Global Compact Network USA and the Child Labor Platform (CLP).

Together, by leveraging available resources and engaging in collective initiatives, businesses can play a pivotal role in achieving the United Nations Sustainable Development Goal to eliminate child labor by 2030.

Today, during the SDG Investment Forum at COP28, the UN Global Compact CFO Coalition for the SDGs demonstrated the importance of corporate investments and financing for climate action, effectively heeding increasingly louder calls for greater private sector investment. Corporations are expected to be the largest direct investors in climate change mitigation, accounting for roughly one-third of the total investment needed between now and 2050, which some estimate could amount to US$ 275 trillion.

The SDG Investment Forum, organised in partnership with the United Nations Sustainable Stock Exchange (UN SSE), the Dubai Financial Market (DFM) and the Global Investors for Sustainable Development (GISD) Alliance brought together CFOs, sustainability experts and investors to exchange views on how corporate investments and finance can best contribute to tackling the climate crisis.

A new report released by the CFO Coalition for the SDGs, Corporate Investments to Achieve Climate Ambitions, highlights the outsized role of the private sector - and corporations in particular – in the US$9 trillion a year in capital spending needed until 2050 to achieve the goals of the Paris Agreement. Corporations are the main direct investors in the infrastructure and technology that will underpin low-carbon growth in many sectors of the economy, including power, industrials, agriculture, buildings and mobility.

Speaking during the event, Sanda Ojiambo, CEO and Executive Direct of the UN Global Compact said:

“Climate change is impacting virtually every industry and region of the world. Private climate financing must play a pivotal role as emerging markets and developing economies seek to curb greenhouse gas emissions and contain climate change while coping with its effects. For this to happen we must ensure companies – in the UN Global Compact and beyond – make the necessary investments and that investors and governments create necessary and appropriate incentives.”

In response to the growing urgency for collective action to combat climate change, the CFO Coalition for the SDGs aims to create a $10 trillion market for SDG-directed finance by 2030. The 70 CFOs who are part of the CFO Leadership Group have already committed to collectively invest more than $500 billion by 2025 in support of the SDGs.

An Ernst & Young survey found that 69% of companies who undertake climate-smart investment strategies have been positively surprised by the financial value of climate investments with corporate climate leaders 2.4 times more likely to experience significantly higher returns on climate investments than expected.

The CFO Coalition for the SDGs has developed guidance and resources to support governments in building a bridge between climate ambition and SDG investment and finance, two of the five areas of the Forward Faster initiative. The Forward Faster initiative aims to mobilize private sector action where it can collectively make the biggest, fastest impact by 2030, focusing on gender equality, climate action, living wage, water resilience and finance and investments.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world.

About the CFO Coalition for the SDGs

The CFO Coalition for the SDGs is a platform where global CFOs and other corporate officers can collaborate with peers, investors, financial institutions and UN agencies to develop principles, frameworks and recommendations to integrate the Sustainable Development Goals (SDGs) in corporate finance and create a market for mainstream SDG investments. For more information please visit cfocoalition.org

Transitioning away from fossil fuels must include careful effort to avoid perpetuating the injustices present in today’s global economy, and instead ensure a just and equitable transition. A new report "Tides of Change: A Framework for Developing Just and Inclusive Maritime Green Corridors" co-created by the UN Global Compact, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, and the Sustainable Shipping Initiative outlines the necessary considerations and actions required from companies and governments involved in establishing green shipping corridors around the world.

Recommendations made in the report for a just and equitable transition towards net zero include:

• Ensuring green corridors leverage wider transition aims regionally/locally including improved access to clean energy, the development of decent, sustainable jobs, a diverse and inclusive workforce and capacity building but also improved air quality and preservation of biodiversity and ecosystems regionally.
• Creating decent, sustainable jobs and workforce up-skilling. In the process of establishing green corridors, stakeholders can test and demonstrate how to conduct inclusive social dialogue with affected groups.
• Advocating for strengthening institutional and regulatory frameworks that promote inclusion and protection of the most affected stakeholders.

On the launch of the new joint report, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact said:

“Putting the technologies in place to produce zero emissions fuels for use in the shipping industry will require a complex and coordinated effort across multiple industries and governments. Green corridors will help create the necessary enabling environment between the private and public sector to bring such initiatives to scale. This paper aims to encourage engagement with civil society organizations and communities, ensuring a human-centered approach to the development of green corridors.”

CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Bo Cerup Simonsen says:

“We need the green corridors to not only demonstrate technical feasibility and regulatory compliance but also address the socio-economic dimensions comprehensively. The right approach can help us better understand and leverage the wider potential, nurture inclusive growth, create green, decent jobs, and enhance social dialogue for a future that honors both our planet and its people."

Sustainable Shipping Initiative CEO Steven Jones says:
“Shipping’s actions today are building the foundation for a resilient industry tomorrow. In order to do so, we need to ensure that shipping’s decarbonization is sustainable-environmentally, socially and socioeconomically. By taking concrete steps to incorporate principles of fair labor practices, community engagement, and inclusivity, green corridor consortia can play a key role in establishing a sustainable shipping sector that is decarbonized, just, and equitable.”

To see the full report please go to www.zerocarbonshipping.com/publications

Notes to Editors

What are just green shipping corridors?

Green corridors demonstrate the technical and regulatory feasibility of zero emission shipping with the involvement of stakeholders across the value chain. In the course of the transition away from fossil fuels, careful effort must be made to avoid perpetuating the injustices present in today’s global economy, and instead ensure a just and equitable transition. Because they are closed systems, green corridors can also be used to better understand and leverage the potential social and socio-economic benefits associated with the transition away from fossil fuels, as well as understand and mitigate potential risks and trade-offs.

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in more than 160 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. The Ocean Stewardship Coalition is a convening point at the UN Global Compact for ocean related industries, academic institutions, financial actors, governments and UN institutions. For more information, visit our website at unglobalcompact.org.

UNGC Media Contact: Alex Gee, gee@unglobalcompact.org

About the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) is an independent, not-for-profit research and development center established in 2020 with funding from the A.P. Moller Foundation. Our purpose is to guide and accelerate decarbonization of the global maritime industry.  Working with our partners, governments, authorities, public sector bodies, scientists, and organizations across the global maritime industry we aim to inform, de-risk decision-making, and spark real climate action.  Strategic Partners to the Center include: Alfa Laval, American Bureau of Shipping, A.P. Moller - Maersk, bp, Cargill, CF Industries, Equinor, DP World, Hapag-Lloyd, MAN Energy Solutions, Mitsubishi Heavy Industries, Mitsui, NORDEN, NYK Line, Rio Tinto, Royal Caribbean Group, Seaspan Corporation, Siemens Energy, Stolt Tankers, Sumitomo Corporation, Swire Group, Topsoe, TotalEnergies and V.Group. For more information, please visit www.zerocarbonshipping.com  

Center Media Contact: Anders Kongstad, Media & Digital Partner | +45 535 04 179 | anders.kongstad@zerocarbonshipping.com  

About the The Sustainable Shipping Initiative (SSI)
The Sustainable Shipping Initiative (SSI) is a multi-stakeholder collective of ambitious and like-minded leaders, driving change through cross-sectoral collaboration to contribute to – and thrive in – a more sustainable maritime industry. Spanning the entire shipping value chain, SSI members are shipowners and charterers; ports; shipyards; marine product, equipment and service providers; banks, ship finance and insurance providers; classification societies; and sustainability non-profits.Guided by the Roadmap to a sustainable shipping industry, SSI works on a range of issues related to enabling and furthering sustainable shipping, including shipping’s decarbonisation, and seafarers’ labour and human rights. For more information, please visit  www.sustainableshipping.org

SSI Media contact: Elizabeth Petit González, Head of Partnerships and Communications, e.petit@sustainableshipping.org

The UN Global Compact, together with the UN Environment Programme (UNEP), and UN Climate Change (UNFCCC), brought together senior executives of business, industry, finance, civil society, the United Nations and Government at the 11th High-Level Meeting of Caring for Climate at COP28. Those present discussed how to accelerate private sector action on nature and biodiversity and on the impediments and opportunities for business action towards a Just Energy Transition.

For a liveable planet, it is imperative to cut emissions and deliver climate justice in line with the UN Secretary-General's Acceleration Agenda, whilst fulfilling the Global Biodiversity Framework.

Sanda Ojiambo, CEO and Executive Director of the UN Global Compact said “Today, nearly 1 million species are at risk of extinction, and the world’s largest ecosystems, including the Amazon rainforest and major coral reefs and wetlands, are reaching tipping points. But at the same time, we have seen first-hand how the business community has the potential to help drive progress on protecting and restoring biodiversity. In fact, companies are learning that they can’t afford to be left behind – 395 million new jobs and over $10 trillion dollars in business opportunities are expected to arise from nature-positive transitions.”

Biodiversity loss and ecosystem collapse now rank among the top 5 business risks. The Global Biodiversity Framework (GBF) sets a clear path to a world living in harmony with nature by 2050, with specific expectations for business.

During the meeting, the UN Global Compact, in partnership with the Secretariat of the Convention on Biological Diversity and the UNEP World Conservation Monitoring Center, launched the UN Global Compact Think Lab on Biodiversity and Nature to showcase holistic approaches for business to deliver strong corporate thought leadership and policy recommendations in the lead up to the Biodiversity COP16 and Climate COP29. The Think Lab will assist UN Global Compact participants to:

• Define the narrative, ambition and key recommendations of the UN Global Compact to business and policymakers on nature and biodiversity.
• Provide clarity through mapping existing initiatives, key resources and tools and identify current best practices, key challenges and policy needs linked to corporate nature and biodiversity action to prepare and mobilize companies to submit nature strategies by COP16.
• Shape business thought leadership and provide innovative solutions and guidance on critical areas linked to nature and biodiversity, such as the human rights-nature nexus.
• Increase the uptake of learnings and deliverables across sectors and regions through the development of academy sessions, peer-learning groups and accelerators.

The Think Lab will assist companies in transforming their business models, starting with assessing their impacts and dependencies on nature, and implementing credible nature strategies that will provide co-benefits for climate, biodiversity and society. This transformation could create $10.1 trillion of annual business opportunities and 395 million jobs by 2030.

Inger Andersen, Under-Secretary-General of the United Nations and Executive Director of the United Nations Environment Programme; Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition, United Nations; Matt Jones, Chief Impact Officer, UNEP-WCMC; Phuthi Mahanyele-Dabengwa, South Africa CEO, Naspers; JorgeLopez-Doriga, Chief Communications and Sustainability Officer, AJE Group; Mitchell New, Group General Counsel and Chairman of AIA International, AIA Group; Jean-Pascal Tricoire, Chairman, Schneider Electric and, Daniele Violetti, Senior Director, Programmes Coordination, UN Climate Change (UNFCCC) also spoke during the event.

Notes to Editors

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org

About Caring for Climate

Launched in 2007, Caring for Climate is a partnership of the UN Global Compact, the UN Environment Programme (UNEP) and UN Climate Change (UNFCCC) to advance the role of business in addressing climate change. It provides a framework for business leaders to implement practical climate change solutions and help shape public policy. It has evolved from a commitment to a space for dialogue at the UN Climate Change Conferences, leveraging CEO’s voices in support of the UN Secretary-General’s priorities.

Women are under represented across the private sector, despite the benefits achieving gender equality has on business.

Research shows that investing in women and girls can increase productivity, organizational effectiveness, return on investment, and higher consumer satisfaction. In fact, companies with the highest proportion of female employees had annual returns of 2.8 percentage points higher than the least diverse firms.

As more US companies set corporate targets for women’s representation and leadership, there are opportunities to deepen the implementation of the Women’s Empowerment Principles and strengthen their contribution to Sustainable Development Goal 5.5.

To understand what this looks like in practice, UNGC Network USA (Network USA) spoke with Akanksha Halbe, Associate Director, Corporate Responsibility &ESG, of Organon, to learn how the company prioritizes gender equality in all aspects of its business.

Akanksha participated in Network USA’s Target Gender Equality Accelerator in 2022 and, since then, joined a roundtable discussion facilitated by the UN Global Compact during the Convention on the Status of Women (CSW) at the UN Headquarters in New York.

Q&A

Organon has focused on achieving gender parity at every level of the organization. Can you discuss these goals and the steps you take to achieve them?

Being a new company, Organon had the unique opportunity to set the leadership at the board level. More than two-thirds (69%) of the directors at OGN are women. The board took an active role in overseeing the development of the company’s Environmental, Social & Governance (ESG) strategy from the beginning. We set gender-specific goals as part of the ESG strategy.

One of the goals stated in our first ESG report published in June 2022 includes achieving balanced gender representation through all levels of the company globally by 2030. To reach this goal, we strive to maintain our current global gender balance while increasing the number of women in mid-to-senior leadership roles where and to the extent permitted by law. In 2022, our female representation in roles at director-level and above increased from 43.45% in 2021 to 46.70%.

In support of our gender parity goal, in 2022, we became a signatory for the UN Women’s Empowerment Principles, which aim to advance gender equality. We participated in the Bloomberg Gender-Equality Index, garnering a high score for brand and equality. We participated in McKinsey & Company’s Women in the Workplace report, the largest study of women in corporate America. We obtained the Equidad MX certification from the Human Rights Campaign, demonstrating our commitment to LGBTQ+ inclusion in Mexico. In 2023, we intend to expand our women’s leadership development curriculum and continue to evolve our learning programs to promote leadership among all employees.

After participating in Target Gender Equality Accelerator, Organon participants said the program helped them get out of their “echo chamber.” Can you expand on this and explain how the program impacted the direction of your work at Organon?

Our participation in the Target Gender Equality Accelerator program gave us the opportunity to engage with other industry players who had similar or different approaches from ours towards meeting their gender focused ESG goals. The course modules and the cohort of industry partners helped us to test our thinking and approach as a new company, explore certain gender related topics in depth, and discuss best practices and lessons learned in a safe and trusted environment. The global and local nature of the United Nations Women’s Empowerment Principles enabled us to endorse these principles at the corporate level as well as make it possible for local markets to highlight this commitment and engage stakeholders and communities within their own region.

What were some challenges in implementing your gender equality plan, and how did you work around them?

We recognize that diversity looks different around the world, so we recently launched a Global Diversity Council made up of business leaders from our locations worldwide who will help differentiate our Diversity, Equity, Inclusion, and Belonging strategy at the local level.

Why was it so important to Organon that it creates a culture of inclusivity, especially when addressing gender-specific issues?

At Organon, our vision is to create a better and healthier every day for every woman. Her promise is our purpose. That’s why we are working with partners around the world to introduce health solutions that help women and girls achieve their promise through better health. By addressing gender-related disparities in health, we build a more sustainable future for women, families, economies, and society. Our purpose is inextricably linked to our business strategy, where we seek to accelerate innovation and introduce and expand access to health options that help secure her promise and her equitable place in the world.

What advice do you have for companies working to operationalize their gender equality plans?

I would encourage companies to start by looking at their existing data and identify opportunities to improve performance. Identifying key priorities and levers you can pull to put your plan into action can help you progress towards your commitments toward gender equality. I would also recommend companies to endorse the UN Women Empowerment Principles (WEPs) to show commitment and advocate for gender equality within and outside the company.

What advice do you have for new participants of the UN Global Compact?

My advice to new participants of the UN Global Compact would be to engage in the programs and activities run by the UN Global Compact such as the Target Gender Equality Accelerator program. This engagement can serve as an entry point for companies to learn and progress towards the Sustainable Development Goals and ensure continuous advancement on gender equality as part of the company’s overall ESG strategy.

Only 15 percent of the Sustainable Development Goals (SDGs) are on track for 2030. According to the United Nations, global efforts would need to quadruple to meet the water and sanitation targets set for 2030 through SDG 6.

It’s estimated there will be a 40 percent gap between available water and demand for water by 2030. Gross Domestic Product (GDP) may be reduced by up to six per cent in some regions by 2050 as a result of water risks.

The private sector must take ambitious action to ensure a safe and equitable future for all. Forward Faster guides companies on how and where they can make the biggest, fastest impact before 2030 across five key areas: Gender Equality, Climate Action, Living Wage, Water Resilience and Finance & Investment.

An essential aspect of Forward Faster's mission is to achieve collective positive water impact in a minimum of 100 vulnerable water basins by the year 2030. Forward Faster has set a target of achieving collective positive water impact in at least 100 vulnerable water basins by 2030. Read on for five fundamental steps from the Moving Water Resilience Forward Faster action guide that can help companies conserve our most precious resource.

1. Implementing water-related standards. Companies should familiarize themselves with industry regulations and global standards for water usage and conservation. By adhering to these guidelines, businesses can minimize their environmental impact, curtail waste and ensure compliance with the Alliance for Water Stewardship (AWS) International Water Stewardship Standard.
2. Integrating science into target-setting practices. Between 2023 and 2024, new guidance will be released by the Science-Based Targets Network (SBTN) on science-based target-setting for fresh water. It is critical that companies stay updated on these advancements, evaluating their water targets accordingly. Though some additional time may be needed to implement these new standards, the use of science-specific data is vital to setting achievable goals.
3. Implementing best practices in water efficiency and wastewater management. Efficient wastewater management is a cornerstone of water resilience. Companies should adhere to best practices in water efficiency and optimize their business operations to decrease water consumption. Wastewater management is equally important and companies should ensure their wastewater is treated and processed safely and sustainably.
4. Implementing proven technologies for water reuse, recycling and circularity. Companies can play a pivotal role in driving innovation by adopting new, proven technologies for water reuse, recycling and circularity. These approaches can reduce strain on ecosystems and economies, while preventing unnecessary business expenditures.
5. Ensuring safe, resilient access to water, sanitation and hygiene (WASH). Businesses should provide safe and resilient access to WASH for their employees and throughout supply chains. By doing so, companies support a healthy and productive workforce and contribute to the broader Global Goal of providing access to clean and sanitary water for all.

Incorporating these five actions into your business operations is about forward thinking, doing and leading. Join Forward Faster and your business will help bring us closer to achieving our Global Goals and set new and needed precedents for innovation and technology.

History has taught us that the leaders who succeed are the ones who meet the needs of the future by moving forward. Let’s move #ForwardFaster.

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We are halfway to 2030, but we are nowhere near halfway to achieving the Sustainable Development Goals (SDGs) set out in the 2030 Agenda. To secure a safer planet and future for all, businesses must accelerate their sustainability journeys, but they do not have to do it alone.

By guiding companies on where to make the biggest, fastest impacts, Forward Faster provides the roadmap to a sustainable future, with practical and effective action guides across five key areas: Gender Equality, Climate Action, Living Wage, Water Resilience and Finance & Investment.

To help familiarize you with the initiative, we have highlighted one practical action item from each guide to help get your company moving forward, faster.

‍Gender Equality: Secure top-level support

• Forward Faster’s Gender Equality Action Guide recommends signing the Women's Empowerment Principles and committing to the seven outlined principles across the workplace, marketplace and community. By doing so, your company can play a pivotal role in promoting gender equality. Start by securing top-level support within your company, as this commitment should flow from top leadership down.

‍Climate Action: Review existing sector-specific guidance and projects

• To combat climate change effectively, your company must understand how its operations affect and are affected by the industry it belongs to. Reviewing existing Sector-Specific Guidance and Projects will help you gather information relevant to your company’s needs. By doing so, you can identify precise actions that will reduce your carbon footprint and contribute to a more sustainable future.‍

‍Living Wage: Engage in meaningful discussions

• Have candid discussions with employees and their representatives to determine whether company wages and supply chain operations support living wage expectations. Prioritize fair compensation to enhance the well-being of your employees and support a more equitable society.

‍Water Resilience: Harness the power of the internet

• Use the Water Action Hub to map water basins where your company operates or has significant interest. By internally disclosing this information to the CEO Water Mandate Secretariat, an initiative of the UN Global Compact in partnership with the Pacific Institute, you can help coordinate action to ensure the responsible use and conservation of this critical resource.

‍Finance & Investment: Commit to sustainable finance

• The world will need to spend between $US 3-5 trillion annually to meet the 2030 Agenda. Join the Advanced Group of the CFO COALITION FOR THE SDGS, where you can access valuable resources and network with peer CFOs who are embracing the sustainability transition. By aligning your financial strategies with the SDGs, you can drive positive impact while positioning your company for lasting success and innovation in a changing world.

Incorporating these actions into your business operations is not just about being sustainable—it's about being a forward thinker, doer and leader. By making these changes, your company can lead the charge towards a more equitable, resilient and sustainable world.

History has taught us that the leaders who succeed are the ones who meet the needs of the future by moving forward. To achieve the SDGs by 2030, we need forward thinkers, doers, builders, changers, movers, leaders. Because right now, only 15% of the SDGs are on track for 2030. We must be more ambitious. Don’t fall behind the times. Join Forward Faster and take action today.

The UN Global Compact, the world’s largest corporate sustainability initiative, today launched a Call-to-Action from the private sector to Governments to intensify efforts to tackle corruption affecting business communities around the world.

The Call-to-Action urges Governments to underscore anti-corruption and good governance as fundamental pillars of a sustainable and inclusive global economy and embrace them as important tenets of the 2030 Agenda for Sustainable Development.

Corruption is one of the greatest obstacles to economic and social development around the world. Corruption has considerable and costly impacts on the private sector, including on both companies and people. It raises transaction costs, undermines fair competition, distorts development priorities, impedes long-term foreign and domestic investment, and has a corrosive effect on social solidarity.

The Tenth Principle of the UN Global Compact, underpinned by the UN Convention against Corruption, was adopted in 2004 and commits UN Global Compact participants not only to avoid bribery, extortion and other forms of corruption, but also to proactively develop policies and concrete programs to address corruption internally and within their supply chains. Companies are also challenged to work collectively and join civil society, the UN and Governments to realize a more transparent global economy.

In signing the Call-to-Action, companies will be publicly listed as signatories asking Governments to:

1. Effectively implement the tenets of the UN Convention against Corruption to level the playing field, taking into account the diversity of contexts and the challenges faced by the business community worldwide. On that basis, strengthen policies, legal frameworks and mechanisms to incentivize business integrity in companies along the supply chain and to tackle impunity by detecting and sanctioning wrongdoing.
2. Government decision-making processes, especially for investments and public procurement, increase the use of corporate sustainability criteria in order to advance SDG-focused business integrity. In public-private interactions, strive for greater transparency, including in the management of conflicts of interest and through the prevention of undue influence.
3. Foster a Collective Action approach to strengthen governance and anti-corruption by means of public-private partnerships, dialogue and the engagement of all relevant actors to generate inclusive and innovative solutions for the broader benefit of people and the planet.
4. Leverage information and communication technology (ICT) along with artificial intelligence to address corruption risks and make evidence-based decisions while strengthening oversight and transparency. To boost accountability, encourage the use of ICT to monitor, evaluate and report governance and anti-corruption efforts undertaken by the public and private sectors.
5. Promote the principles of ethical leadership in education by instilling skills that nurture the minds of future business leaders, ensuring their commitment to standards of fairness and integrity in the workplace of tomorrow.

The Call-to-Action from Business to Governments on the 20th Anniversary of the United Nations Convention against Corruption was developed during the session Uniting Leaders for Business Integrity at the 2023 UN Global Compact Leaders Summit, in New York.  The Call-to-Action will be presented at the tenth session of the Conference of the States Parties (CoSP10) to the United Nations Convention against Corruption (UNCAC), to be held from December 11th to 15th, 2023 in Atlanta, USA.

To learn more and for FAQ, please visit here.

Sign the Call-to-Action Today.

New York, NY September 25, 2023 – Over 200 senior leaders of US businesses, the United Nations Global Compact, local government, civil society, and the UN attended the 2023 SDG Summit USA to raise awareness and promote practical business action and partnerships within the American private sector in achieving the Sustainable Development Goals (SDGs). The event, which took place during the 78^th session of the United Nations General Assembly, was organized by the UN Global Compact Network USA, the American Chapter of the United Nations Global Compact.

SDG Summit USA highlighted opportunities for US businesses to amplify their impact and establish leadership in propelling the SDGs forward.

“Governments provide the framework for progress, but markets drive change. And change cannot happen without the US,” Adam Roy Gordon, Executive Director of UN Global Compact Network USA, said in his welcome remarks. He acknowledged that the world could benefit from the US’s involvement and influence in global progress because “the US has a proven track record of leadership, innovation, technological advancement, and effective action.”

In his Opening Remarks, Paul Polman, Vice-Chair of the UN Global Compact Board of Directors and former CEO of Unilever, said, “Increasingly, we do see that those who embrace the SDGs tend to get rewarded.” He noted that this commitment helps businesses attract talent, reduce costs, enhance relationships with stakeholders, drive innovation, and better position companies for a future everyone aspires to.        

At SDG Summit USA, UN Global Compact Network USA also recognized its local SDG Pioneer winners, Cristina Villalón, Co-Founder and Managing Principal of Álvarez-Díaz & Villalón, and Raven Adams, Sustainability Manager at Granite Construction. SDG Pioneers are recognized business leaders championing the SDGs and inspiring others to advance the 2030 Agenda for Sustainable Development.

UN Global Compact Network USA was honored to have US Ambassador to the United Nations for Management and Reform Christopher Lu present the awards to the winners.

"As we've learned from our collective efforts to address climate change, we need everyone at the table – national governments, local governments, nonprofits, foundations, and especially the private sector. And here in the US, our private sector is one of our greatest comparative advantages in addressing global demands," said Ambassador Lu. "We in the US Mission are fully committed to increasing this private sector engagement and highlighting the great work businesses are doing on the SDGs.”

While progress has been made, 70% of the SDGs are stagnating or regressing in the US. The United Nations Global Compact-Accenture Global Private Sector Stock Take report, which surveyed over 2,800 business leaders from around the world, showed the vast majority (94%) of business leaders still view the SDGs as a unifying global vision. Still, to achieve them, the private sector must focus on the areas where they can have the most impact.

To respond to this call, the UN Global Compact has launched Forward Faster, a new initiative to accelerate private sector action at the pace and scale needed to deliver on 17 SDGs and meet the 2030 Agenda.

Speaking to business leaders earlier that week, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, said, "Time is running out to create the positive change the world so desperately needs. We must all join forces to create a more prosperous and resilient global community. We must move forward faster."

Ms. Ojiambo offered the closing remarks at SDG Summit USA during a fireside chat with Mr. Gordon and Michael Okoroafor, Chief Sustainability Officer of McCormick & Company and UN Global Compact Network USA Board Member. During her address, Ms. Ojiambo encouraged attendees to establish ambitious targets and expedite their efforts in achieving the SDGs.

The 2023 SDG Summit USA took place at the Accenture office in New York, NY. UN Global Compact Network USA would like to thank its Co-presenting Sponsor, Accenture, and its supporting partners, Geomatica, Plus Media, and Sustain.life for their support.

About Global Compact Network USA

Global Compact Network USA (Network USA) is the US Chapter of the United Nations Global Compact, the largest corporate sustainability initiative in the world. Network USA is a powerful network of companies and stakeholders dedicated to advancing the Sustainable Development Goals. By connecting partners with the resources of the greater UN, Network USA supports companies that are committed to fully integrating its principles of human rights, labor, environment, and anti-corruption into their business strategies and operations. To learn more, visit GlobalCompactUSA.org.

WASHINGTON, DC – A new tool released jointly today by the North American Meat Institute (Meat Institute) and the United Nations Global Compact Network USA (the U.S. chapter of the United Nations Global Compact) will aid meat companies of all sizes in measuring greenhouse gas (GHG) emissions – advancing the Meat Institute’s aim for 100% of its members to set science-based GHG reduction targets in line with the Paris Climate Agreement.

The tool was developed through Meat Institute member participation in the UN Global Compact Network USA’s Climate Ambition Accelerator program, a six-month program designed to equip companies with the knowledge and skills to path toward achieving net-zero emissions by 2050.

The tool uses real-life data methodologies and structural details (with data randomized and company details anonymized) to provide a concrete example that takes readers from defining a company’s operational and organizational boundaries through understanding and measuring its direct, indirect, and value chain emissions (scope 1, 2, and 3).

Network USA Executive Director Adam Roy Gordon applauded the new tool and called for further public-private partnership to advance global goals:

“Ambitious business leaders recognize that taking climate action goes hand in hand with building prosperous communities, businesses and economies. Developing and disseminating resources that share technical expertise is key to empowering businesses to fulfill meaningful emissions reductions at scale.”

Meat Institute President and CEO Julie Anna Potts added:

“Sustaining meat for generations to come requires not only clear vision but also a concrete commitment to developing practical resources, like the GHG inventory tool, that help companies of all sizes implement best practices sector-wide.  
"The GHG inventory tool is a major step toward achieving the Meat Institute’s Protein PACT targets, which advance continuous improvement in the sector and sustainability of all kinds - environmental, economic, and social.”

Directly citing GHG Protocol and other relevant international standards, the tool defines key terms, details data collection and science-based calculation methodologies, provides alternative calculation methods, and shares other resources that might be of assistance to companies conducting GHG inventories.

To view the new guidance tool, click here.

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The United Nations Global Compact, the world’s largest corporate sustainability initiative, launched Forward Faster today to accelerate private sector action at the pace and scale needed to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda. Forward Faster calls on business leaders everywhere to take measurable, credible and ambitious action in five areas — gender equality, climate action, living wage, water resilience and finance & investment — that have the power to accelerate progress across all SDGs where the private sector can collectively make the biggest, fastest impact by 2030.

The SDG Progress Report released earlier this year by UN Secretary-General António Guterres, showed that just 15 percent of the Sustainable Development Goal targets are on track, progress on 48 percent is weak and insufficient and progress has stalled or gone into reverse on 37 percent of the SDGs.

Speaking about the new initiative, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact said:

“Now more than ever companies are taking action on sustainability, but there's still not enough progress towards meeting the 2030 Agenda. Companies must be more ambitious and put words into action. Forward Faster is here to guide companies on where they can make the biggest, fastest impact for 2030.”

Companies who sign up to the initiative, will be asked to commit to nine targets — at least one of the selected targets from the five action areas in:

‍Gender Equality‍

• Equal representation, participation and leadership across all levels of management by 2030.
• Equal pay for work of equal value by 2030.

Climate Action

• Set corporate science-based net-zero emissions reductions targets in line with a 1.5°C pathway, with the goal of halving global emissions by 2030 and reaching net-zero by 2050 at the latest.
• Contribute to a just transition by taking concrete actions that address social impacts of climate change mitigation and adaptation measures in partnership with actors such as workers, unions, communities and suppliers.

Living Wage

• 100 percent of employees across the organization earn a living wage by 2030.
• Establish a joint action plan(s) with contractors, supply chain partners and other key stakeholders to work towards achieving living wages and/or living incomes with measurable and time-bound milestones.

Water Resilience

• Build water resilience across global operations and supply chains and join hands to achieve collective positive water impact in at least 100 vulnerable prioritized water basins by 2030.

Finance & Investment

• Align corporate investment — to the fullest extent possible — with SDG policies and strategies, and set targets, track and report on the amount and proportion of such SDG investments.
• More than 130 companies are already taking action amongst the five action areas, and the list of companies committed to Forward Faster is expected to increase significantly. More than 20 organizations agreed to serve as supporters across the different action areas of the initiative.

To learn more about Forward Faster please visit https://forwardfaster.unglobalcompact.org/home.

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New report from the United Nations Global Compact and Accenture finds collaborative and credible business action supported by policymakers, in line with the SDGs where they can have the most impact, is needed to achieve the 2030 Agenda.

UNITED NATIONS, New York; Sept. 15, 2023 – The vast majority (94%)of business leaders still view the Sustainable Development Goals (SDGs) as a unifying global vision but achieving them requires the private sector to focus on the areas where they can have the most impact, according to new research from the UN Global Compact and Accenture (NYSE: ACN).

Released at the midpoint to 2030,the United Nations Global Compact-Accenture Global Private Sector Stocktake report surveyed over 2,800 business leaders from around the world and shows that the private sector is a critical stakeholder in achieving the SDGs. Currently, only fifteen per cent of the SDG targets are on track, progress on forty-eight per cent is weak and insufficient and progress has stalled or gone into reverse on thirty-seven per cent of the SDGs.

The report presents ten pathways for businesses to take action on the 17 SDGs and have an outsized impact. The ten pathways identified in the report have examples applicable to each of the SDGs and offer a blueprint to help the private sector build a more sustainable market.

"Private sector investment and innovation are essential to achieving the Sustainable Development Goals." said Sanda Ojiambo, CEO and Executive Director, UN Global Compact. “While not a one-size-fits-all approach, businesses should focus their actions where they can have an outsized impact on people and the planet, and on their businesses. This will enable them to effectively communicate performance, set targets and actions, engage with stakeholders, including investors, and gain access to new market opportunities.”

Forty-four per cent of business leaders surveyed are looking to government to put in place policy incentives to help them integrate the SDGs into business strategy and operations to ensure an even playing field across all businesses. They also want clear guidance on where to concentrate their efforts and clear measurement criteria and calculation methods so that they can not only properly report progress, but also make informed decisions based on these insights.

To help the private sector achieve these pathways they want policymakers to:

Scale up new incentive models to redefine success in terms of risk, return, and impact:

The top ask from business leaders is consistent sustainability reporting and disclosure mandates (76%). This helps ensure all businesses are held to the same standard both nationally and globally.

Expand the benefits of market to achieve responsible business:

The second ask is adjusting the national minimum wage to equal living wage levels (71%) -a change to the cost structure of businesses, but of value and worth pursuing if borne fairly. In addition, the majority support policies that would help promote gender equality, namely mandatory disclosure and action of gender pay gaps (65%), and mandatory minimum company paid shared-parental leave (58%).

Transform the bases of business to achieve environmental sustainability:

Finally, businesses support a range of stronger policies to strengthen environmental protection, primarily ensuring that incentives are aligned for a clean energy transition. Secondary policies are around ensuring mandatory disclosures so that all companies are assessed equally, encouraging equal action across sectors.

In addition to insufficient policy support, leaders pointed to structural limitations as inconsistent sustainability metrics and data skills shortfall in particular as key reasons for preventing greater action towards further SDG headway:

·       84% of business leaders say unclear measurement resources to calculate impact towards the SDGs prohibits their company’s ability to make progress.

·       82% of business leaders say limited access and/or poor quality of data limits their ability to measure contribution to the SDGs.

·       77% of business leaders expressed concern about a skills shortage or mismatch in the workforce to realize SDG-related impact across industries.

“Businesses around the world understand more and more their potential to take meaningful action on sustainable development," said Stephanie Jamison, Global Sustainability Services lead at Accenture. “Advances in technology and data analytics over the past five years means we can now use multiple large data sets to measure private sector impacts on the SDGs far more accurately and consistently than ever before. This in turn allows leaders to manage those impacts sooner and with better outcomes, bringing a clarity that will help fulfil the private sector’s critical role in achieving the SDGs.”

The report is the latest in a long-standing partnership between UN Global Compact and Accenture, which leverages a survey of over 2,800 business leaders globally along with a proprietary analysis of financial and non-financial data to generate insights on SDG impacts at the aggregate private sector level. The variety of the data utilized for private sector insights and sentiment makes this report one of the most current, comprehensive, and evidence-based analyses of the private sector’s contribution to the SDGs.

With global humanitarian needs increasing due to climate change, conflict, and the continuous impact of COVID-19, many speakers at a UN Security Council open debate called for a new model that will leverage the private sector more to address some of the world’s most pressing challenges.

The debate, held during the 78th session of the UN General Assembly, sought to identify and advance public-private partnership solutions to promote international peace and security by addressing current and future humanitarian needs.

US Ambassador to the UN Linda Thomas-Greenfield spoke to members of the UN Security Council about increasing collaboration with the private sector. “The public sector must do more to proactively work with the private sector, especially as we look to advance the Sustainable Development Goals. The public sector must harness the expertise of the private sector and translate it into action,” Ambassador Thomas-Greenfield said. “It is past time to invest and scale this relationship. And it is past time for us to welcome the private sector through the front door.”

Jared Cohen, President of Global Affairs at Goldman Sachs, said, “The largest employers in the world are not just Governments — they are also businesses.” He noted that five American companies have more than 500,000 workers. Recognizing that globalization has put the private sector at the geopolitical table, he spotlighted the importance of sustained partnerships and real-time innovation.

Michael Miebach, Chief Executive Officer of Mastercard, said that “the private sector stands ready to tackle the challenges at hand in partnership with the public sector.” He said the UN must be even more direct and deliberate in its outreach so that actors can align on objectives, underscoring the importance of structured public and private partnerships. Detailing how technology has facilitated the provision of life-saving assistance, he affirmed: “You have a willing and committed partner in the private sector. We just need to be engaged.”

The UN Global Compact works with the private sector in taking strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals, with an emphasis on collaboration and innovation.

For more information on how to move forward faster toward progress, click here.

Watch the Advancing public-private humanitarian partnership - Security Council, 9,418th meeting here.

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In a remarkable display of global unity, the world united eight years ago to adopt the Sustainable Development Goals (SDGs) to forge a more equitable and sustainable world by 2030. As we reach the midpoint of this journey, a stark reality is apparent: there remains much ground to cover. The challenges posed by climate change, entrenched inequalities, and systemic corruption have hindered progress.

Businesses were crucial stakeholders in shaping the SDGs and remain equally important in propelling them towards realization. The call to use their collective power in advancing the SDGs will be accentuated at this year's UN General Assembly, particularly at the 2023 SDG Summit USA, the UN Global Compact Network USA’s annual flagship event. This Summit will congregate over 200 influential leaders from US companies, government, and the UN. The Summit's mission is to raise awareness and promote practical business action and partnerships within the American private sector to achieve the SDGs.

UN Global Compact Network USA recently spoke with Board Chair Daniella Foster on the goals of the 2023 SDG Summit USA, the critical role the US private sector plays in advancing the SDGs, and how companies can move from commitment to action.

Questions

What are the primary objectives that UN Global Compact Network USA aims to achieve through the 2023 SDG Summit USA?

I saw a headline in Nature that really spoke to me: “There is no Planet B and the UN’s Sustainable Development Goals are heading for the rocks.”  These “rocks” are plentiful – between a global pandemic, geo-political turmoil, war and many other concurrent perma-crises.

We want to leverage the 2023 SDG Summit USA as an opportunity for the private sector to come together with public stakeholders, including government, UN officials and civil society professionals to figure out how we can work together to overcome these “rocks” to drive big impact over the next 5 years.

Our US Network alone has more than 1,000 signatories taking part, representing $5 trillion in revenue. Let me repeat that - $5 trillion! That’s scale.  That’s resources.  That’s the opportunity to take the private sectors’ leadership in innovation, technology and resources and leverage it to tackle pressing global challenges and share solutions with the world.

This year’s SDG Summit USA will serve as a platform for candid conversations about the evolution of corporate sustainability in the U.S. – what’s working, what’s not – with a strong focus on partnership.  No one entity can solve these big world problems.  We need to start working unconventionally – think working pre-competitively or across industries - to achieve the SDGs

How can US businesses leverage their participation with UN Global Compact Network USA to make meaningful progress towards the 2030 Agenda and Sustainable Development Goals in 2023?

There are many ways businesses can take part.  Going back to my “rocks” analogy, we all have them within our organizations, too – those barriers from funding to management commitment that stand in our way of driving our companies to help make progress against the SDGs.  UNGC is here to help with those.

And it’s a rockier time than it has even been.  One of the unique opportunities within UNGC compared with many other sustainability-focused organizations is that we provide a safe lane for dialogue, bringing people together across different industries, sectors and perspectives, enabling us to chart a path forward together.

One of my favorite programs geared to helping overcome barriers is the Accelerators, which is great for companies that are earlier on in their sustainability journey.  This is an in-depth, six-month educational program that’s specifically designed to create behavior change – helping to embed sustainability into business operations and across the value chain.

We also offer so many educational and networking events. It’s important to come together with other company leaders who share a common commitment to responsible and sustainable business practices.

Given your leadership role in corporate sustainability, what strategies can American businesses employ in 2023 to maximize their impact on people and the planet?

First and foremost, one of the most important strategies a company can employ is to embed sustainability into the business.  It shouldn’t be a separate strategy.  At Bayer, we don’t have a separate business and sustainability strategy – these are one in the same and aligned and championed by our board of management.

That means that our sustainability goals are aligned with our business goals, so it becomes incumbent on everyone to help create the impact we want to have. This ensures the model is sustainable, that we’re not just giving away products or doing cause marketing programs, but that we’re building a business model that drives both societal impact and business success simultaneously. It also helps remove contradictions.

The other advice I’d share is to focus on what’s most material to your business, your value chain and the communities you operate.  You have to tackle the issues that your organization can meaningfully contribute to, to be authentic and impactful – for both the world and to drive business growth. For instance, at Bayer, we set three 100 million challenges focused on improving the livelihoods of smallholder farmers, expanding access to self-care solutions in underserved communities and expanding access to modern contraception in LMICs.  These are in service of SDGs 2 (no hunger), 3 (health for all) and 5 (gender equality) respectively, but are all also in line with our business goals.   

What hurdles might US businesses encounter in its pursuit of supporting sustainable development and the SDGs?

Greenwashing is certainly a big “rock.” While this issue has never been black and white, it’s become even more complex, with higher stakes over the last year or so.

We’re seeing regulators accelerating actions to better define what is and is not sustainable, to build transparency in financial markets so that investors and other stakeholders can work from a common language and more efficiently make better business decisions.

One concern with some of these policies, is that upping the standards may be seen as a barrier to making progress. Regulators are accelerating the push for more transparency, more and higher quality data, and demonstrated progress against commitments.  Given the maturity of corporate sustainability can vary widely, many companies are going to find it difficult to meet these increased regulatory standards.

Companies are responding to these greater demands by investing large sums to revise their strategy, update their data management practices and accelerate their reporting capabilities to be compliant with the regulations and meet the demands of investors and customers. Meeting these short-term stressors with increased investments can, however, cause companies to divert dollars away from achieving the environmental and social goals to which they’ve already committed and that should drive business growth and profitability.

Another way some companies are responding is green hushing – companies are minimizing or stopping communicating goals are progress to avoid litigation risks associated with greenwashing.

Despite these market challenges, it’s good to see that most companies are still moving ahead and executing against their public commitments on things like health equity, decarbonization, and plastic waste, and continuing to communicate transparently about their actions, successes and failings. And because of the magnitude of the challenges, collective action becomes critical.  We need to work together to find common solutions.  

How can companies leverage 2023 to make up for hindered progress and actively create measures to ensure a productive and impactful course over the next seven years?

UN Secretary-General Antonio Guterres has urged countries to "Make 2023 count," and this imperative extends to the private sector. Collaboration is going to be key. The UNGC provides a safe lane for us to work across typical lines to act both pragmatically and unconventionally to work together to accelerate our progress.

Daniella Foster is the Executive Board Member & SVP, Public Affairs, Science & Sustainability, Consumer Health of Bayer, and she Chairs the UN Global Compact Network USA Board of Directors.

As the Global Compact Network USA local SDG Pioneer winner of the Small and Medium-Sized Companies Category, Cristina Villalón was recognized for her leadership in establishing company-wide SDG-oriented programs at the Puerto Rican architecture firm, Álvarez-Díaz & Villalón (AD&V). As part of her participation in Network USA’s SDG Ambition Accelerator, Villalón led an initiative to work with MIT on developing a representation of Puerto Rico in the Living Wage Calculator. Additionally, she had worked with an external consultant to appropriately scale her company’s employee wages, ensuring all were earning fair wages. Her initiatives also promote gender equality and active participation in industry efforts to achieve net-zero emissions.

We spoke with Villalon recently to understand her company's sustainability goals and how Network USA's SDG Ambition Accelerator helped AD&V focus its efforts on advancing SDG 8.

As the winner of What does winning the Global Compact Network USA local SDG Pioneer mean to you? 

This is the most significant honor of my professional career. My concern for our planet has been constant since I was a teenager when they had us watch the Earth Day Special in school. Since then, these thoughts have always been in the back of my mind: What can I do to improve this? What is my role in this? How can I tackle this enormous challenge? How can my small actions make a significant enough impact? I cared deeply and tried to play my part by recycling and composting. Yet, the challenge always felt too big and overwhelming. And I felt small and insignificant in comparison.

It is only recently that I feel I have finally, after almost a quarter of my life, been able to connect the dots, answer the questions in my head, and channel all my concerns into deliberate, focused action, using our business as a force for good in the world. 

Connecting the dots felt like a magnificent gift. To be recognized for finally understanding my role in all of this and working on it is beyond exceptional. It is the icing on the cake! And it gives me even more momentum and energy to move forward and continue making a positive impact. 

Which SDGs does Alvarez-Diaz & Villalon focus on, and what are your company goals for each? 

At AD&V, we are focused primarily on SDG 8 (Decent Work and Economic Growth) and SDG 5 (Gender Equality). However, our work significantly impacts SDG 11 (sustainable cities and communities), SDG 13 (climate action), SDG 3 (good health and wellbeing), and SDG 4 (quality education). 

SDG 8: We have embarked on becoming B-Corp certified. We are in the final stages of the process. A B-Corp is accountable for the most stringent social, environmental, and governance practices. Every day we try to do better and be better. It is ingrained in our DNA. We also aim to be recognized as a “Best Place to Work.” We actively survey our team members to take their pulse and continue to tweak our workplace to be positive and meaningful. We have also committed to finalizing the work we started with MIT to get Puerto Rico on the Living Wage Calculator. Once we have the data, we will set goals against the living wage. We want to exceed the minimums and allow people to thrive, but we must ensure we do this sustainably. An industry challenge is that we are traditionally undervalued, and our professionals should be paid more. We actively speak and educate on this subject, trying to drive systemic changes in our industry. 

SDG 5: Most of our team is women, and we actively support and provide flexibility for our team to encourage gender equality. At the top levels, our industry is mainly dominated by men. Women often opt out of the profession when they cannot juggle heavy workloads, low pay, and little flexibility. We are tackling all these issues. We are promoting women, empowering them, and allowing them the flexibility to perform and stay in the profession.

SDGs 11 and 13: We recently joined the AIA 2030 Commitment to ensure all our designs are net-zero. Buildings are one of the largest contributors to global CO2 emissions. We are taking significant climate action if we can design better, smarter buildings. We also design urban plans and communities. We apply sustainability practices to all our designs affecting and supporting sustainable cities and communities. 

SDGs 3 and 4: Our goals in this space are tied to all the initiatives we encourage in our workplace to promote better health and work-life balance. We provide education and training for professional and personal advancement, not only in the field but in general topics such as emotional intelligence and leadership and management skills. We are tracking and measuring all our efforts to continue improving. 

Can you give us more information on how your participation in the SDG Ambition Accelerator impacted how you approach your company's employee wages? 

Our participation in the SDG Ambition Accelerator focused our efforts. We had to choose a benchmark and decided, "100% of our employees earn a living wage." This set us out on a mission to discover what the living wage was in Puerto Rico. We couldn’t find any data, so we contacted MIT to form a collaboration to include Puerto Rico in the living wage calculator. We used our relationships and connections to acquire funding for this initiative and have been collaborating on this process for over a year. Since we couldn't wait for the data, we hired a consultant to help us structure an employee compensation package using US benchmarks and data to ensure our wages were competitive. As a result, we raised all our employees' salaries and provided bonus opportunities based on individual and company performance. The accelerator made us more focused, strategic, and deliberate in measuring our initiatives. We tied the SDG goals to all our endeavors and set up an internal dashboard to track our impact and goals. We made our entire operation, including our goals, more visible to ourselves and our team. This dashboard and quarterly reports keep us moving forward with momentum and ambition. 

What advice do you have for SMEs just developing their sustainability programs?

My advice is always the same: Look for the low-hanging fruit. What initiatives are you already doing? How can you magnify those initiatives? Start measuring them! Because what gets measured gets improved. Start where you are and do what you can with what you have. Use your connections and use your gifts. Share what you are doing with others to inspire them to join us in our collective mission. 

Do you have any advice for new participants in the UN Global Compact?

The UN Global Compact offers many resources and a wonderful caring community that is ready, willing, and able to help you succeed. Don't be shy! Reach out! Make connections! Join their programs. You will learn so much! And you will find a community of like-minded individuals who want to impact this world positively. This will provide you with hope. And hope is what we need most to propel us into action. 

Headquartered in Puerto Rico, a vibrant marketplace within a US territory, AD&V has a unique opportunity to embed and promote the SDGs. Considering this, what advice would you offer to other companies in PR or other US territories who may not yet perceive membership with the UN Global Compact as suitable for their organization?

We are encouraging all companies to join the Global Compact. Doing so will provide them with resources and information to help them on their sustainability journey along with some accountability. 

Network USA will celebrate the 2023 USA SDG Pioneers during an awards ceremony at its flagship conference, 2023 SDG Summit USA, during the UN General Assembly on September 20.

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As the Global Compact Network USA local SDG Pioneer winner of the Large National and Multi-National Companies category, Raven Adams was recognized for leading the sustainability program at Granite Construction, one of the largest civil infrastructure companies in the United States. Using the SDGs as a framework, Adams spearheaded the development of a comprehensive sustainability program, including GHG emissions reduction targets, a climate governance framework, and a decarbonization plan.

We spoke with Adams recently to understand her company’s sustainability goals and how Network USA’s SDG Ambition Accelerator impacted how the company approached its decarbonization planning.

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What does winning the Global Compact Network USA local SDG Pioneers mean to you?

In my mind, it means the priority that Granite’s leadership has put on sustainability is making a difference to our company and industry. What I have accomplished in my role has been enabled by the dedication of teams across the company who work to support our core value of sustainability, and this recognition is also a testament to their efforts. I’m grateful to be working with so many people who have conviction and want to make a positive impact.

Which SDGs does Granite Construction focus on, and what are your company goals for each of them?

At Granite, we recognize our responsibility to contribute to amore sustainable future, and we see sustainability as central to the purpose of our business: to provide infrastructure solutions that support more prosperous and resilient communities. While we support all 17 SDGs, we focus on 10 core SDGs that relate to our operations and areas of influence—namely, where our business has direct impact or can create societal benefits:

SDG 3 (Good Health and Well-being)

SDG 5 (Gender Equality)

SDG 6 (Clean Water and Sanitation)

SDG 7 (Affordable and Clean Energy)

SDG 8 (Decent Work and Economic Growth)

SDG 9 (Industry, Innovation and Infrastructure)

SDG 10 (Reduced Inequalities)

SDG 11 (Sustainable Cities and Communities)

SDG 12 (Responsible Consumption and Production)

SDG 13 (Climate Action).

We have aligned our sustainability strategic plan with the SDGs, and many of the SDGs are reflected in multiple focus areas. Some of our priority targets revolve around improving safety performance, increasing there presentation of women and persons of color throughout the organization, reducing greenhouse gas emissions, and increasing the use of environmental product declarations that improve the understanding of the impacts of construction materials. The details of that plan are available in our 2022Sustainability Report (p. 14-22). We also seek out strategic sustainability partnerships in the spirit of SDG 17 (Partnership for the Goals).

Can you give us more information on how your participation in the SDG Ambition Accelerator impacted the way you approach your company’s decarbonization planning?

The Accelerator enhanced my understanding of how to organize a systems-level approach to complex sustainability issues. This understanding was essential for decarbonization planning, which requires coordinated efforts by disparate parts of an organization.

We leveraged lessons directly from the Accelerator to explore the importance of applying system-level thinking in a workshop with Granite’s Sustainability Council—a multi-functional team of department leaders, experts, and operational representatives. In this workshop, our Council divided into smaller teams (each focused on one SDG Benchmark) to work through the same pathways format used in the Accelerator. The team focused on the climate action benchmark identified new opportunities indifferent parts of our business, and the activities sparked fresh ideas about new metrics to establish within our supply chain.

The Accelerator inspired me to adjust my approach to mobilizing our teams around climate action. We identified key impact pathways within the structure of our business, such as business intelligence (metrics and tracking),climate risk, and implementation of decarbonization measures in operations. By assigning workstream leads to these areas and structuring our discussions and communications around specific pathways, we have increased our momentum.  

We are currently working on updating our sustainability strategy and will apply the lessons of the Accelerator to develop a strategy that takes a more comprehensive, systems-level approach to advancing the SDGs. I’m looking forward to being able to share more details about our updated strategy once it is finalized.

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Our industry has a critical role to play in building more sustainable cities and communities, and I would urge other construction companies to consider joining the UN Global Compact—not only because of the importance of aligning our efforts for a better future, but because of the opportunity to create business value.

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How do you see the infrastructure and construction industry adapting to a world where the environment and climate are rapidly changing?

Our clients, the infrastructure owners, will play a critical role in the industry’s evolution. We are already seeing increased demands for improved practices and tracking. Moving forward, I hope we see an increased willingness from owners to be adaptable in designs and specifications to drive innovation. In an industry like infrastructure, where activities are strictly controlled by specifications, it can be difficult for a company to single-handedly implement innovations. Increased collaboration among stakeholders is key to finding new ways to allow for and incentivize innovation.

The use of recycled material in asphalt provides a good example of the important role clients play in allowing more sustainable practices. Using more recycled asphalt product (RAP) in an asphalt mix reduces embodied carbon in the material. One of our goals is to increase the use of recycled material, but our ability to do so is ultimately controlled by client specifications. Many agencies still limit the allowable percentage of RAP based on historical specifications. Innovations in technology, balanced mix design, and performance testing have improved the performance of these mixes, with the potential for significant environmental benefit if deployed.

New procurement methods and related regulations will also advance sustainability in the industry. As we face increasing challenges from climate change and seek to reduce negative social and environmental impacts from the built environment, utilizing collaborative contracting methods will be key for advancing improvements in sustainable infrastructure. Many organizations still rely on competitive, hard-bid contracting methods, which can limit opportunities to deploy more innovative and sustainable construction materials and infrastructure solutions. Collaborative contracting methods (aka alternative procurement methods) are distinct from traditional methods in that they involve the contractor earlier in the planning process.

Considering sustainability early in the life cycle of a construction project allows for cost-effective implementation of more sustainable and equitable solutions. For the best outcomes, sustainability must be considered in the initial planning process, so that it can be reflected in design and construction.

Do you have any advice for new participants to the UN Global Compact?

Use your participation in the Compact to engage your teams in discussions about sustainability issues. When you create an environment where employees feel empowered to speak up about sustainability opportunities, you will accelerate innovation—after all, your employees have the best knowledge on the greatest potential impact.

The most common advice I see for sustainability professionals continues to hold true for me: don’t let the perfect be the enemy of the good. Strive for continuous improvement, but also take stock of small wins along the way. Recognize your champions and let people know that you value their opinion, because making progress on sustainability requires input from all parts of an organization.  

What guidance would you provide to other companies in the construction industry who may not yet recognize the suitability of joining the UN Global Compact for their organization?

Our industry has a critical role to play in building more sustainable cities and communities, and I would urge other construction companies to consider joining the UN Global Compact—not only because of the importance of aligning our efforts for a better future, but because of the opportunity to create business value. Participating in the program provides access to resources that can empower business leaders to better manage risks and create more value through sustainability-related opportunities.

I would also encourage other companies to consider joining the Compact as an opportunity to better align a company’s purpose with positive social impact. This is an imperative for attracting great talent— people are coming to work looking for not just a job, but a way to contribute something positive. Joining the Compact provides a unique opportunity to engage employees with your company mission, and increased engagement is associated with all sorts of positive business outcomes.

Network USA will celebrate the 2023 USA SDG Pioneers during an awards ceremony at its flagship conference, 2023 SDG Summit USA, during the UN General Assembly on September 20.

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Businesses have an incredible opportunity to make a difference. They can promote human rights and fair labour practices, help protect the environment and combat corruption. But it doesn't stop there — More and more businesses are realizing the importance of responsible and ethical practices throughout their supply chains.

Recognizing the complexities faced by businesses, the United Nations Global Compact offers practical guidance that goes beyond internal operations, helping companies enhance social sustainability across their supply chains.

Here are six tips to empower your company to make a positive impact within its supply chain and contribute to a more fair, equal and sustainable future:

#1: Understand and advance supply chain traceability

Ever wondered where your products come from? The UN Global Compact and BSR collaborated on a guide that helps companies and stakeholders understand and improve supply chain traceability. The guide provides insights into tracking a product's journey from raw materials to finished goods. Check it out and uncover the hidden stories behind your products to make informed choices for a more transparent and sustainable future.

#2: Champion decent work

Your procurement decisions hold the power to shape fair wages, safe working conditions and workers' rights. With the Decent Work Toolkit for Sustainable Procurement and the Navigating Decent Work Challenges in Multi-Tiered Supply Chains: Leadership Brief, you can integrate these principles into your processes. By leveraging these resources, you'll prioritize decent work practices, positively impacting workers’ well-being and fostering sustainable supply chain operations.

#3: Empower workers and tackle low wages

Low wages have far-reaching consequences, impacting workers’ well-being, productivity, responsible business practices and retention rates. The UN Global Compact provides two resources, Improving Wages to Advance Decent Work in Supply Chain toolkit and the Living Wage Analysis Tool. With these platforms, you can take decisive action to provide fair wages, ensuring dignity for all workers, their families and communities.

#4: Improve worker well-being and occupational health

Protecting workers, minimizing occupational hazards and promoting overall well-being are crucial aspects of sustainable supply chain operations. The UN Global Compact and the International Labour Organization (ILO) have outlined nine business practices to advance decent work and enhance global occupational safety and health (OSH). By implementing these practices, you can build safe and healthy supply chains that prioritize workers’ welfare.

#5: Create family-friendly workplaces

In global supply chains, workers and their families often lack essential benefits like paid parental leave, fair wages, healthcare and affordable childcare. This disproportionately affects women and hampers progress towards gender equality and the Sustainable Development Goals (SDGs). Employers can make a difference by implementing family-friendly policies for parents and caregivers throughout their operations, business partnerships and supply chains.

#6: Embrace a gender-responsive approach

By adding a gender lens to the Sustainable Procurement Toolkit, buyers gain a thorough understanding of incorporating gender considerations into their procurement strategies. The toolkit offers a practical guide to actively promote gender equality and non-discrimination in procurement decisions, emphasizing the benefits of sourcing from women-owned businesses or gender-responsive suppliers. By implementing these measures, businesses foster gender equality and unlock the benefits of a diverse and inclusive supply chain.

Supply chain sustainability is a critical and interconnected issue overlapping human rights, labour, the environment and anti-corruption. The UN Global Compact recognizes the significance of this cross-cutting issue and supports companies in integrating a culture of responsible and ethical practices that extend throughout their supply chains. This commitment not only contributes to a more sustainable future but also creates a business environment that is socially responsible and aligned with the #GlobalGoals.

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Technological innovation is paving the path towards a more sustainable future, revolutionizing industries and empowering us to address pressing global challenges. From clean energy to smart cities, these advancements hold the key to transformative change.

One such groundbreaking technology is Artificial Intelligence (AI), enabling computer systems to perform tasks that traditionally require human intelligence. By embracing AI responsibly and ethically, we can make significant strides towards an inclusive and sustainable future.

Businesses now have an unprecedented opportunity to harness the power of these technological breakthroughs and make progress towards achieving the Sustainable Development Goals (SDGs).

A new video series developed by PA Consulting and available on the UN Global Compact Academy explores disruptive technologies that are reshaping sustainability across different sectors. Let’s explore three of these game-changing innovations:

#1: Gene editing

While it is crucial to consider ethical aspects and associated risks, certain applications of gene editing — the modification of an organism’s DNA — can potentially help us meet the SDGs. In agriculture, gene editing can improve crop traits, such as nutrition and resistance to pests and diseases. Moreover, gene editing can aid conservation efforts by preserving endangered species and restoring ecosystems. In healthcare, gene editing may help us develop therapies for genetic diseases. This technology offers potential treatment options for conditions that currently lack effective care plans. When exploring the potential applications of gene editing to advance the SDGs, striking a balance between maximizing benefits and safeguarding our shared values is essential.

#2: Low-carbon concrete

Low-carbon concrete offers a greener alternative to traditional concrete by employing alternative materials, innovative manufacturing techniques and carbon-capture technologies.

This helps combat climate change by reducing carbon emissions. In addition, its adoption in construction promotes sustainable infrastructure and eco-friendly cities.

#3: New realities

“New realities” are emerging technologies like virtual reality (VR), augmented reality (AR) and mixed reality (MR). They are revolutionizing education by creating immersive learning experiences, fostering understanding of global challenges. They also provide interactive platforms for inclusive discussions and decision-making on sustainability issues.

Disruptive technologies drive the development of new and innovative products, services and infrastructure, which demand fewer resources and curtail waste production while mitigating environmental impact. They are reshaping industries and propelling us toward a future that prioritizes sustainability. Businesses can make measurable progress towards SDGs by leveraging their potential and embracing responsible practices.

Interested in learning more? Head over to the UN Global Compact Academy to discover a captivating video series exploring the latest disruptive technologies and cutting-edge advancements.

New York, NY July 6 2023 – The Board of Directors of the UN Global Compact Network USA (Network USA), the American chapter of the world’s largest corporate sustainability initiative, is pleased to announce that Adam Roy Gordon has been appointed as the organization’s next Executive Director.

Network USA was founded in 2007 as the local chapter of the United Nations Global Compact, the world’s largest corporate sustainability initiative that calls on companies everywhere to align their operations and strategies with the UN Global Compact Ten Principles and the ambition of the UN Sustainable Development Goals (SDGs).

Mr. Gordon, who has been acting Interim Executive Director for the past year, was Network USA’s first employee, joining the organization in 2017. Since then, the organization’s network has grown, increasing its programmatic offerings and engagement with US-based companies and organizations. This year Network USA expanded its staff threefold and recently announced it had reached a milestone of over 1,000 signatories, representing more than $5 trillion in revenue.

“On behalf of the UN Global Compact Network USA Board of Directors, I’m thrilled to welcome Adam as Executive Director,” said Daniella Foster, Network USA Board Chair. “With Adam’s leadership and years of service at Network USA, we hold strong confidence in his ability to navigate the organization's growth and drive impactful change.”

"I am deeply honored to assume the role of Executive Director of the UN Global Compact Network USA, and I express my sincere gratitude to the Board of Directors for their confidence and this invaluable opportunity," said Mr. Gordon. “Over the years, I have been continuously inspired by our participants' strong commitment and progress-driven efforts. The potential for US private sector leadership in driving sustainability fills me with excitement, and I look forward to partnering with our network, the Board, and our tremendous staff to propel the goals and principles of the UN Global Compact to new heights."

Adam brings an illustrious background in sustainability to his role. Previously, Adam worked at CDP, supporting integrating climate change, water, and deforestation disclosure into corporate performance. He was an EDF Climate Corps Fellow at Colgate-Palmolive Company. He has had diverse experience in sustainability, from advising the Montenegro government on green building policy to founding NYC's first commercial composting waste hauler. Adam also contributes to The Atlantic and is currently an adjunct professor in Columbia University's Sustainability Management program.

About UN Global Compact Network USA

The UN Global Compact Network USA is the Local Network chapter of the United Nations Global Compact. As a special initiative of the UN Secretary-General, the United Nations Global Compact calls for companies everywhere to align their operations and strategies with the Ten Principles in human rights, labor, environment, and anti-corruption. Our ambition is to accelerate and scale the collective global impact of business by upholding the Ten Principles and delivering Sustainable Development Goals through accountable companies and ecosystems that enable change.

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New York, NY June 30, 2023 — Today, Global Compact Network USA (Network USA) recognized the Global Compact Network USA local SDG Pioneers — business leaders who are championing the Sustainable Development Goals (SDGs) and inspiring others to advance the 2030Agenda for Sustainable Development.

Chosen from over 1,000 entities across the US, the Local Network is proud to recognize Cristina Villalón, Co-Founder and Managing Principal of Álvarez-Díaz & Villalón, and Raven Adams, Sustainability Manager at Granite Construction, as its Global Compact Network USA local SDG Pioneers.

As the winner of the Small and Medium-Sized Companies Category, Villalón was recognized for her leadership in establishing company-wide SDG-oriented programs at the Puerto Rican architecture firm, Álvarez-Díaz & Villalón. As part of her participation in Network USA’s SDG Ambition Accelerator, Villalón led an initiative to work with MIT on developing a representation of Puerto Rico in the Living Wage Calculator. Additionally, she had worked with an external consultant to appropriately scale her company’s employee wages, ensuring all were earning fair wages. Her initiatives also promote gender equality and active participation in industry efforts to achieve net-zero emissions.

As the winner of the Large National and Multi-National Companies category, Adams was recognized for leading the sustainability program at Granite Construction, one of the largest civil infrastructure companies in the United States. Using the SDGs as a framework, Adams spearheaded the development of a comprehensive sustainability program, including GHG emissions reduction targets, a climate governance framework, and a decarbonization plan.

“We are pleased to honor Cristina Villalón and Raven Adams as the 2023 USA SDG Pioneers,” said Adam Roy Gordon, Network USA Executive Director.“ Their achievements in embedding the SDGs in their day-to-day work inspire us all to reimagine the potential of business in creating enduring positive change within their environments.”

Network USA will celebrate the 2023 USA SDG Pioneers during an awards ceremony at its flagship conference, SDG Summit USA, during the UN General Assembly on September 20.

As the winner of the Local Round, Villalón and Adams will now compete in the Global Round along with other candidates for the title of 2023 UN Global Compact SDG Pioneers. The global winners will be announced this September 2023 during the UN Global Compact Leaders Summit. 

“SDG Pioneers recognizes the critical role young business leaders play in developing and driving innovative solutions through new technologies, initiatives, and business models to enable us to reach the Sustainable Development Goals by 2030. We hope their work will inspire others to advance the Global Goals through the implementation of our Ten Principles on human rights, labor, environment, and anti-corruption," said Sanda Ojiambo, CEO & Executive Director of the UN Global Compact.

Network USA thanks its esteemed External Review Committee for their invaluable assistance in selecting the deserving winners for the 2023 USA SDG Pioneers program. Committee members include Ann Tracy, Chief Sustainability Officer, Colgate-Palmolive Company; Jennifer Leitsch, Managing Director, Climate Change and Sustainability Services, EY; Lisa Kurbiel, Head of UN Joint SDG Fund Secretariat, United Nations; Lori Llewellyn, Managing Director, North America, CDP; Sanjeev Khagram, Director General and Dean, Thunderbird School of Global Management, ASU; and Thomas Debass, Deputy Special Representative for Global Partnerships, US Department of State.

About UN Global Compact Network USA

The UN Global Compact Network USA is the Local Network chapter of the United Nations Global Compact. As a special initiative of the UN Secretary-General, the United Nations Global Compact calls for companies everywhere to align their operations and strategies with the Ten Principles inhuman rights, labor, environment, and anti-corruption. Our ambition is to accelerate and scale the collective global impact of business by upholding the Ten Principles and delivering Sustainable Development Goals through accountable companies and ecosystems that enable change.

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Access to the Communication on Progress (CoP) platform is on pause to troubleshoot and address the technical challenges that users have experienced. If you have experienced these issues, we apologize and understand that this impacts your reporting plans and internal timeline. We are working hard to rectify the situation as soon as possible to ensure our participants have a good experience on the platform.

For this reason, the July 15 deadline for CoP submission no longer applies. When a new deadline is determined, we will announce it and allow significant time for participants to complete their 2023 CoP. The CoP submission deadline will not be before October of this year.

For more information, please review these Frequently Asked Questions.

We will provide updates regarding the functionality of the digital platform and next steps as soon as possible. Please don't hesitate to contact us with any questions; a staff member will respond as quickly as possible.

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A Conversation with Brian Tippens, SVP and Chief Social Impact Officer at Cisco, on Leading Social Justice Actions

Juneteenth serves as a reminder to companies to foster an environment where everyone can thrive, regardless of race or background. 

In this second-part of our Juneteenth commemoration, Network USA spoke with Senior Vice President and Chief Social Impact Officer at Cisco, Brian Tippens, to learn how his company is prioritizing social justice and equality by weaving them into many aspects of Cisco's business strategies and operations.

Brian joined the UNGC Network USA Board of Directors in February 2023 and works alongside other members of the Board in overseeing Network USA's strategy and growth.

Q&A: 

Juneteenth is a real opportunity to amplify understanding of the unique experience of Black Americans and serve as a catalyst for conversations about intersectionality. How do you recommend companies approach this holiday to make it a DEI-enhancing experience? 

I believe that companies who want Juneteenth to amplify understanding and catalyze new conversations should ask themselves where they are – right now – within their DEI journey.  

Does our culture welcome and embrace open dialogue as an accelerant to diversity, equity, and inclusion? Do we have systems to support leaders at all levels in seeking a better understanding of differences? Are we actively working to create proximity between people through honest, courageous conversations? Are we open enough to fully see the realities that have shaped the lived experiences of African Americans? Are we brave enough to take bold action to eradicate the obstacles still in the way?

In 2020, Cisco made Juneteenth a paid holiday as one of our initial steps in transforming our longstanding advocacy for social justice into a global, enterprise-wide commitment to bolder action and greater impact. 

Our new commitment was the direct result of our willingness to engage in a new level of dialogue in the summer of 2020 in the face of growing awareness of systemic racial injustice, oppression, and inequality. We also wanted to send a message to the world that corporations can be a driving force for societal change.

I think that any organization – wherever they are in their DEI journey – can leverage the legacy and the lessons of Juneteenth to deepen the dialogue and gain proximity to the issues that face us today.

How does Cisco foster a more diverse, equitable, and inclusive workplace?       

At Cisco, Inclusion isn't just something we do—it's part of who we are. Fulfilling our purpose to Power an Inclusive Future for All means reimagining how we come together and respect each other's identities and the roles we play inside and outside of work. It means tearing down barriers to equity, collaboration, and connection—both in the many places we work and in the wider world.

We continue to explore how we apply technology and data to solve our most critical challenges. We're accelerating how we attract, develop, and promote diverse talent; taking bold action on social justice; supporting our global employee resource groups, known as Cisco Global Inclusive Communities; and expanding our impact across our ecosystem of partners, suppliers, and customers.

There is still a racial disparity in corporate America. Currently, only 5.9% of all chief executives in the country are Black, according to the Bureau of Labor Statistics. What advice can you give businesses trying to close that gap and promote more Black employees to leadership positions? 

Cisco continues to accelerate the diversity of our global workforce, creating the most diverse Cisco ever across all the categories we measure (gender, race, and ethnicity)—for the eighth year running.

We attribute these shifts to our holistic strategies for expanding, hiring, developing, and promoting emerging leaders. In 2020, we included a focus on increasing the representation of African American/Black employees with our 12 Actions for Social Justice.

At the director and executive levels, our talent acquisition strategy gives us a competitive advantage in attracting top, diverse talent. We look at areas of emerging business growth and approach recruiting differently by identifying what innovative leadership looks like from a talent perspective. We are creating a recruiting culture that recognizes strong talent and expertise, and we engage talent proactively. 

To increase full spectrum diversity in our hiring framework and on our Board of Directors, we cultivate talent pools, expand our executive prospect community, and generate diverse, active talent benches. Specifically, we have focused our efforts on: 

- Leveraging diverse candidate slates and developing a pipeline of diverse talent to increase all facets of diversity throughout the hiring and promotion process 

- Cultivating a company culture of sponsorship across dimensions of difference 

- Increasing opportunities for Cisco executives and senior leaders to get proximate to diverse talent 

- Providing developmental offerings that support the growth of women and underrepresented minority executives 

Our efforts are working. We continue to exceed our African American/Black (AA/B) hiring aspirations year over year. Our goal when we set out in 2020 was to increase AA/B talent by 25% by fiscal year 2023. I am proud to say that we have increased AA/B talent at Cisco 70% in non-executive roles, 96% in director-level positions, and 182% among vice presidents and above. We also welcomed John D. Harris II and Marianna Tessel to our Board of Directors.  

What advice do you have for senior leadership on moving public commitments on racial justice to action?

Moving commitments into action is what senior leaders do. Our commitment to racial justice should be an integral part of the business. That's what's good for businesses and the world.

Social Justice is woven into the fabric of many aspects of Cisco's business. Our strategies are built on our core belief that our social justice actions will drive business value – and that's what makes them so powerful. Many companies have ESG goals, but few push to embed those goals within the business. Cisco has a Social Justice Action Office equal in size to many of our key business functions to lead the strategy and execution of our Social Justice Actions. Our Action Office brings together people and expertise across every function and region to drive consistent execution, rigor, and accountability.

Our approach operationalizes our purpose – and it's becoming a key differentiator for our business. A talent magnet. And a reason to stay and grow with Cisco. Analysts are clamoring to learn more – and they're factoring it into their predictions of future value.‍‍

‍Information on the breakdown of the financial commitments and the timeline of companies' business commitments to fight racial injustice are limited. How can companies track progress to ensure their efforts have a lasting impact? 

As with any commitment that is integral to the business – tracking and communicating progress and impact starts with clear goals, objectives, and key performance indicators.

At Cisco, we track over 90 key performance indicators across our 12 Social Justice Actions. Each of our action teams is sponsored and championed by a member of Cisco's executive leadership team. Our action teams report on our progress against KPIs regularly to their executive sponsors and across the executive leadership team. We also communicate our progress externally within our annual Purpose report and on our Social Justice web pages.

Understanding and communicating the impact of our 12 Social Justice Actions is evolving and expanding now that we are approaching the midway point of our five-year journey. The scale and scope of our actions are driving exponential impact – across our company, our ecosystem of partners and suppliers, and our communities. We share stories about impact within our Purpose Report, our ESG hub, our web pages, and through numerous Cisco blogs, articles, and presentations by leaders across Cisco.‍‍

‍Lastly, what does Juneteenth mean to you personally?‍

For me, Juneteenth represents a celebration of hope and the promise of a bright future.

In reflecting on the significance of the Juneteenth holiday in the United States, I am reminded of the time I was honored to hold one of the last few remaining copies of the Emancipation Proclamation signed by President Abraham Lincoln while visiting the Union League House in Philadelphia. 

In 1864 President Lincoln traveled to Philadelphia and hand-signed 40 copies of the Proclamation as part of a fund-raising effort. The copies were sold for $20 each, a hefty sum in 1864, to raise money for the Sanitary Commission - an organization that helped provide support services for soldiers returning from the Civil War. A small number of the signed copies are known to have survived.

Holding the document that Lincoln referred to as "…the great event of the 19th century" was a moving, transformative experience for me.  

As Dr. Martin Luther King described during his 1963 "I Have a Dream" speech, "...this momentous decree came as a great beacon light of hope for millions of negro slaves who had been seared in the flames of withering injustice. It came as a joyous daybreak to end the long night of their captivity.‍

Brian's career spans over 25 years of leadership in the IT industry. Brian is a purpose-driven leader who is committed to social justice and broad advocacy on the most pressing issues facing communities. At Cisco, Brian oversees the leadership of its future inclusive work, including social justice, advocacy, accessibility, and community impact to advance Cisco's purpose to Power an Inclusive Future for All.

Juneteenth holds significant historical and cultural importance in the United States. While the Emancipation Proclamation declared the freedom of enslaved individuals, it took over two and a half years for the last enslaved Black Americans in Texas to be freed on June 19, 1865. 

Juneteenth highlights the importance of translating policy into action and emphasizes the need for sustained efforts to achieve genuine emancipation and equality.

Recognizing Juneteenth as an American holiday is crucial in acknowledging Black Americans' unique experiences and struggles throughout history. It provides an opportunity for reflection, education, and dialogue about the legacy of slavery, systemic racism, and the ongoing fight for justice. By amplifying understanding and promoting conversations about intersectionality, Juneteenth can catalyze fostering real and long-lasting cultural change.

In this context, Network USA's commitment to assisting companies in translating aspirational commitments into measurable actions aligns with the spirit of Juneteenth. It emphasizes the importance of making bold policies and taking concrete steps toward implementing them. Juneteenth encourages individuals, organizations, and societies to move beyond rhetoric and actively work towards dismantling systemic barriers and advancing equality for all.

We invite you to access this online session on Human Rights and Racial Justice for more discussions on advancing racial equality in the US. The session took place during the 2021 UNGC Leaders Summit.

We also share a conversation we had with Network USA Board Member and Senior Vice President and Chief Social Impact Officer at Cisco, Brian Tippens. Drawing examples from his work at Cisco, Brian discusses how companies can utilize Juneteenth to drive positive change, fostering an environment where everyone can thrive, regardless of race or background. 

UN Global Compact Network USA (Network USA) organized a series of activities to facilitate discussions and promote cooperation between business leaders and government officials in Washington, DC. The objective was to highlight the profound impact the world's largest private sector sustainability initiative can have in shaping a better future for all.

Here is a summary of the events that took place.

Economist Impact Sustainability Week

At the Sustainability Week conference in Washington, DC, Network USA staff met with businesses working towards building a better, more sustainable, adaptable, and resilient world.

During a panel session organized by Network USA, Sanda Ojiambo, Assistant Secretary-General of the United Nations Global Compact, Network USA Board Member Gayle Schueller, Chief Sustainability Officer at 3M, and Michelle Patron, Senior Director, Sustainability Policy at Microsoft, spoke about how companies and governments can work together to help achieve the SDGs by 2030.

Convening Business Leaders

Against the backdrop of the White House, Network USA hosted a Business Leadership Reception at the Baker McKenzie, LLP office in Washington, DC. This event was a unique opportunity to connect with leaders of the United Nations Global Compact, Network USA, and professionals from all industries who overlap with sustainability themes or topics in the U.S. and worldwide.

Assistant Secretary-General Ojiambo and Network USA Interim Executive Director, Adam Roy Gordon, provided welcoming remarks. Each stressed the importance of companies consolidating around shared values and the criticality of business leaders integrating the SDGs into their organizations as the key to building a prosperous and resilient world. By doing so, businesses can contribute to a more sustainable and equitable future while creating long-term value for their organizations.

Network USA Board Chair Daniella Foster, SVP & Global Head, Public Affairs, Science & Sustainability, Consumer Health at Bayer, also provided remarks, emphasizing the urgency of addressing the SDGs and highlighting the role of businesses in providing solutions. She stressed that collective action and industry collaboration are crucial to accelerating SDG progress. Fellow Network USA Board of Directors Gayle Schueller of 3M, David Hackett of Baker & McKenzie LLP, Paul Francisco of State Street Corporation, and Guly Sabahi of NDC Partnership were also in attendance.

Thank you to Baker McKenzie for providing the space and to Jackson Family Wines for their sponsorship. For reception photos, visit our flickr page. 

Meeting with McCormick & Company Leadership and Maryland Governor Wes Moore

Assistant Secretary-General Ojiambo and Network USA colleagues visited McCormick & Company in Maryland to learn about the company’s sustainability initiatives. Joined by Network USA Board Member and McCormick & Company Chief Sustainability Officer Michael Okoroafor and Maryland State Governor Wes Moore, the organizations witnessed the transformative power that arises when businesses and governments unite with shared ambitions. Through their conversation, the UN Global Compact, McCormick & Company leaders, and Governor Moore noted how sustainability can actualize prosperity, with Governor Moore noting that there is a “false choice…between businesses that are competitive and businesses that are sustainable. You can have both – and we must have both.”

Afterwards, Assistant Secretary-General Ojiambo addressed McCormick & Company employees and underlined the importance of achieving the SDGs in the next seven years.

Collaborating with U.S. Officials

Collaboration between businesses and governments can ensure a more substantial impact in achieving the common good.

Network USA accompanied Assistant Secretary-General Ojiambo to a meeting with Dorothy McAuliffe, US Special Representative for Global Partnerships for the US Department of State, where the conversation focused on collaborations for sustainable, inclusive business and shared prosperity.

The group also met with Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service at the International Trade Administration. The discussion highlighted the transformative power of a robust private sector in derisking economies, attracting investment, creating jobs, and fostering prosperous communities. 

By actively introducing our business partners to the UN, US Government, and their extensive resources, we empower them on their sustainability journey, and together, we are driving positive change. Network USA looks forward to working with its signatories and the US government in reaching the goals and the principles of the United Nations Global Compact in the US.

For more on our Washington, DC, mission, visit our LinkedIn page.

The UN Global Compact today released new guidance on a Just Transition and Renewable Energy, (“the brief”) with recommendations for businesses and governments on how to accelerate from an energy system driven by fossil fuels to one based on renewable energy. The brief calls on businesses to embrace the urgency of a just energy transition, set ambitious targets, develop just transition plans and publicly report on progress. A just transition means greening the economy in a way that is as fair and inclusive as possible to everyone concerned, creating decent work opportunities and leaving no one behind.

Businesses are asked to become vocal advocates for the just transition and call upon governments and social partners to develop holistic policies and undertake just transition planning to create an enabling environment for companies to advance ambitious and effective just transition initiatives.

The growing impacts of climate change make this transition increasingly urgent. Companies are critical actors in driving both the supply and demand for renewable energy and are key to developing innovative approaches that ensure the most efficient use of energy resources and improving energy access. The brief focuses on the role of renewable energy companies in facilitating a just transition, as well as “off takers” — large energy-consuming companies — seeking energy that is sustainably produced.

Commenting on the release of the guidance, Sanda Ojiambo, Executive Director and CEO of the United Nations Global Compact said:

"We require a systemic change to achieve rapid and deep emissions reductions. The UN Secretary-General has called on business leaders to transform business models and dramatically scale-up investments in renewable energy. This brief outlines actions to accelerate the pace of a just renewable energy transition that can drive sustainable economic and energy sector diversification."

Business action for a just transition begins from a foundation of responsible business conduct and respect for rights, supported by the Ten Principles of the United Nations Global Compact and other key instruments. The International Labour Organization Guidelines for a just transition towards environmentally sustainable economies and societies for all put social dialogue at the heart of the just transition process.

Governments and regulatory authorities have a central role in creating the policies needed for the transition and ensuring that just transition measures, for example, are integrated in public procurement practices and renewable energy project development. There is no one-size-fits-all just transition policy framework that works for every country — some Governments have developed comprehensive strategies, while others have adopted policies to address specific aspects of the transition. Countries are adopting national just transition commissions, task forces, dialogues and/or related policies and law.

This brief provides an advocacy agenda for business to influence government policies responsibly; showcases company best practice examples and success factors; and outlines 10 recommendations for businesses to advance the just transition within and beyond their companies, in support of the goals of the Paris Agreement and the 2030 Agenda.

Notes to Editors

Think Lab on Just Transition

The Think Lab on Just Transition aims to shape and define business and thought leadership on critical areas linked to just transition; address key business challenges; identify policy advocacy opportunities and good business practices; and scale-up learnings through the network of the UN Global Compact. If you’ve missed the previous publications in this series on just transition, we invite you to download the Introduction to Just Transition, Just Transition for Climate Adaptation and Financing a Just Transition business briefs today. For more information, visit the Think Lab on Just Transition website.

About the UN Global Compact

As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 160 countries, and 62 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting business for a better world. For more information, visit our website at unglobalcompact.org.

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In today's globalized economy, workers' rights are an increasingly pressing issue as companies, and their supply chains stretch across borders. Unfortunately, workplace exploitation, discrimination, and abuse continue to afflict many workers worldwide, prompting calls for greater corporate accountability and action. 

As a responsible business, prioritizing workers' rights is essential. Investing in education and training programs that promote fair and ethical treatment of employees is one way to achieve this goal. 

The UN Global Compact Academy offers six courses to help your company take concrete steps toward creating a more just and equitable workplace:

1. Basics of business and decent work: Learn the principles of decent work and how they relate to business operations. This course covers labor rights, workplace safety, and ethical business practices and teaches you how to implement these principles within your company. 
2. The freedom of association and the effective recognition of the right to collective bargaining: This course covers the legal and practical aspects of workers' collective bargaining rights, including unionization, bargaining agreements, and dispute resolution. Learn how to apply these concepts in different contexts to promote fair labor relations.
3. The elimination of all forms of forced and compulsory labor: Learn how to prevent and address human trafficking through practical strategies. Explore the legal framework for combating forced labor, discover best practices for ethical recruitment and supply chain management, and acquire effective strategies for promoting social responsibility and protecting vulnerable workers.
4. The effective abolition of child labor: Discover strategies for addressing the root causes of child labor, understand legal frameworks and international standards, and learn about effective monitoring and remediation approaches. This course also covers best practices for promoting ethical and sustainable supply chains.
5. The elimination of discrimination regarding employment and occupation: This course covers the legal and ethical frameworks for combating discrimination, teaches inclusive policies and practices, and provides best practices for creating a just and equitable workplace that benefits everyone.
6. A safe and healthy work environment: Learn about legal and ethical frameworks, identify and mitigate workplace hazards, and promote a culture of safety and wellness. This course provides the principles and practices necessary for creating a secure and healthy work environment.

Whether you're beginning or looking to enhance your company’s existing initiatives, these courses provide a solid foundation for promoting workers’ rights and building a better future for your company and employees.

The UN Global Compact, the world’s largest corporate sustainability initiative, today launched a new Living Wage Analysis Tool (“the Tool”) to help companies identify actions and further opportunities to provide a living wage to ensure all workers, families, and communities can live in dignity.

Through showcasing good practices for ensuring a living wage in business operations and supply chain methods and leveraging resources for continuous improvement, the Tool can help businesses advance the living wage economy by making concrete commitments to assume their responsibilities and deploy their influence within value chains.

Working poverty caused by low wages is a global issue prevalent in many industries. According to the International Labor Organization (ILO), almost one in five workers worldwide did not earn enough to lift themselves and their families out of extreme or moderate poverty in 2019. Economic inequalities often cause low wages, threatening poverty reduction and hindering the fight against gender discrimination.

Commenting on the release of the new tool, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, said:

“As the private sector employs two-thirds of the world’s wage-earning population, it has the ability to contribute significantly to global poverty reduction and inequality through the provision of living wages as an essential aspect of decent work. Using the Living Wage Analysis Tool to ensure a living wage for all workers benefits core operations, value chains ,and the wider operating environment, enabling businesses to meet their human rights commitments better. While ensuring payment of living wages is often seen as a cost, it can offer many benefits to businesses and should be seen as an investment.”

The push for a living wage is in response to the fact that legally-set minimum wages often fail to meet workers’ needs. By going beyond legal compliance, businesses can ensure that all their employees have the income to support their needs and those of their dependents, raising standards of health and well-being.

A living wage is an essential component of decent work, and a cornerstone of development, contributing directly to several of the Sustainable Development Goals (SDGs), including Goal1: No Poverty and Goal 8: Decent Work and Economic Growth, as well as Goal 5: Gender Equality and Goal10: Reduced Inequalities.

The Tool was developed through the UN Global Compact Think Lab on Living Wage with companies and organizations leading on the topic and questions based on real-life company practice, international standards, and indicators.

As the world crosses the halfway point for achieving the Sustainable Development Goals by 2030, the UN Global Compact is challenging businesses to raise their ambition levels by taking tangible, accountable actions with the private sector well positioned to advance action on the living wage to meet the 2030 Agenda.

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UN Global Compact Network USA(Network USA) welcomes four new members to its Board of Directors. They will work alongside current members of the Board in overseeing Network USA’s strategy in upholding the Ten Principles of the UN Global Compact and advancing the Sustainable Development Goals in the US market.

“I would like to extend my sincerest welcome to the new members of the Board,” said Daniella Foster, Network USA Board Chair. “Their expertise and strategic guidance will help propel Network’s USA growth and strengthen its representation in the US market. I look forward to working with them in the years ahead.”

The new Board of Directors, comprising of equal numbers of women and men, is joined by:  

Paul Francisco, SVP & Chief Diversity Officer, State Street Corporation

Paul is State Street Corporation's Chief Diversity, Inclusion and Equity Officer. In this role, Paul leads the global implementation of State Street’s inclusion, diversity, and equity strategies. He also oversees State Street’s Affirmative Action program.

Gavin Power, Chief of Sustainable Development and International Affairs, PIMCO

Mr. Power is an executive vice president and chief of sustainable development and international affairs. Prior to joining PIMCO in 2018, he was the deputy executive director of the United Nations Global Compact. There he advised UN secretaries-general and oversaw sustainability initiatives in both developed and emerging markets.

Kristen Siemen, Chief Sustainability Officer and VP of Sustainable Workplaces, GM

Kristen Siemen was appointed vice president of Sustainable Workplaces and Chief Sustainability Officer of General Motors (GM) in February 2021. She will help lead GM to a future with zero emissions as the company continues to take bold actions against climate change, including GM’s commitment to become carbon neutral in its products and operations by 2040.  

Guly Sabahi, Senior Advisor, Climate Finance, NDC Partnership

Guly Sabahi is Senior Advisor on Climate Finance at the NDC Partnership, a coalition co-hosted by the World Resources Institute (WRI)and UN Climate Change (UNFCCC). Guly provides strategic advice and thought leadership on the NDC Partnership's climate finance efforts and engagement with its 200+ member countries and institutions, as well as with the private sector.

The full list of Network USA Board of Directors can be found here.

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NEW YORK, NY May 2, 2023- The UN Global Compact Network USA (Network USA), the American chapter of the world’s largest corporate sustainability initiative, is pleased to announce that it now has 1,000 signatories in its network. This milestone reflects the private sector’s commitment to advancing sustainable and responsible business practices in the US and the potential for American companies to drive progress.

Network USA was founded in 2007 as the local chapter of the United Nations Global Compact, a special initiative of the UN Secretary-General that calls on companies everywhere to align their operations and strategies with the UN Global Compact Ten Principles and the ambition of the UN Sustainable Development Goals (SDGs). In the years since, Network USA has grown rapidly and scaled its work in the US market. Its participants now represent more than $5 trillion in revenue.

To help advance its mission, Network USA tapped David Fiss as Head of Engagement and promoted Claudia Herbert Colfer to Head of Programming. Colfer joined Network USA in 2020 and has been instrumental in helping the organization grow and enhance its programmatic offerings.

Fiss brings more than ten years of experience in corporate relations and sustainability. Previously, he served as Director of Corporate Relations, Partnerships & Strategy at Sustainable Brands. While there, Fiss worked with the board, membership and key brands to drive engagement and business transformation. In his new role, Fiss will design and manage Network USA’s engagement strategies with US companies and organizations.

“I’m looking forward to working with the private sector in aligning itself with the mission and principles of the United Nations,” said Fiss. "There are tremendous opportunities for US companies to lead in developing solutions to some of the world's most pressing challenges. I'm eager to support their sustainability journey through the multi-stakeholder engagement and programmatic offerings that exist within the UN Global Compact."

Network USA supports its signatories with the tools, programs, and collaborative space to enable change. Its Accelerator Programs and Peer Learning Groups are specially designed to help companies further their corporate sustainability leadership.

To support this work, Network USA also hired the following specialists: Jessica Tuquero, Communications Manager; Christine Cavallo, Engagement Coordinator; Mallory Cannon, Climate & Environment Associate; and Jessica Feoli, SDGs & Events Associate.

“This is an exciting time to join Network USA,” said Adam Roy Gordon, Interim Executive Director of Network USA. “Our staff, signatories and partners are energized behind our shared mission of mobilizing a global movement of responsible companies to create the world we want. There is no better community to build a practical and ambitious frame work for a sustainable world, and there is no better time to do it than now.”

“Since joining the UN Global Compact in 2020, I have seen Network USA impressively increase participation by over 35 percent, which is a testament to the organization’s ability to engage with all industries and sectors of the economy,” said Sanda Ojiambo, Executive Director and CEO of the UN Global Compact. “Strong participation from US companies is crucial in accomplishing the ambitious goals set forth by the UN and aligning on our collective efforts of uniting businesses for a better world.”

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Earth will likely cross a critical global warming threshold within the next decade. Failing to address climate change could lead to the United States facing economic damages equivalent to 1-3% of GDP per year by2100.

“To reverse our course, a fundamental change of financing and investment is needed to place sustainability at the core of the global economic and financial system,” said UN Secretary-General António Guterres. “Private sector leadership will be more important than ever.”

Undoubtedly, the American private sector—the largest in the world—will be critical to the transition to a net-zero, resilient future.

April 22 is International Mother Earth Day. As the world celebrates our incredible planet, UN Global Compact Network USA participants can boost their sustainability efforts by taking action in the following ways:

1.     Apply to take part in the Climate Ambition Accelerator, a six-month program designed to help companies accelerate progress towards setting science-based emissions reduction targets aligned with the 1.5°C pathway. Interested participants must act soon; the deadline to apply is April 30.

2.     Register for “What the COP15 Global Biodiversity Framework Means for Your Company,” a webinar on May 18 from 1:00–2:00 pm ET. You will hear from industry thought leaders Laura Donnelly, Global Lead, Nature at Business for Social Responsibility (BSR), and Janelle Meyers, Chief Sustainability Officer at Kellogg Company.

3.     Take part in the CEO Water Mandate – a commitment from business leaders worldwide to address global water challenges.

4.     Join 50+ leading companies in the “Open Call for Water Action,” a unified commitment by the corporate sector to Water Action. 

5.     Make progress by completing the UNGC Academy training on environmental and climate-related courses.

6.     Access our past webinars and online events, such as “Exploring the Role of American Business in the Future of Water” and “The Business Case for Water Resilience," to hear from experts in the field.

It will take a coordinated effort to mitigate the effects of climate change and other environmental risks, with American businesses playing a crucial role in developing a more sustainable future.

For more information, contact mallory@globalcompactusa.org.

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The UN Global Compact, the world’s largest corporate sustainability initiative, is looking to recognize a new class of Global SDG Pioneers, with applications opening on April 3, 2023. The annual SDG Pioneers program honors company professionals using business to advance and advocate for the 17 Sustainable Development Goals (SDGs). Global Compact Network USA welcomes the leadership of companies participating in the UN Global Compact to nominate their employees to the program.

The program allows companies to highlight how their employees advance the SDGs and is indeed next-generation leaders. It also provides a once-in-a-lifetime opportunity for professionals to push their vision forward within their organizations and create change. In addition, SDG Pioneers will receive visibility and be recognized for the great work that they have done to advance the SDGs.

Network USA will award two SDG Pioneers this year. One to represent small & medium-sized enterprises (<250 employees), and one to represent large national & multi-national companies. Please note that companies must have submitted at least 1 CoP and be a signatory since October 1, 2022, to be eligible for this opportunity. Network USA will award the two 2023 Global Compact Network USA SDG Pioneers at the local level, announced on June 30, 2023. The selected individuals will then be able to participate in the final search of global SDG Pioneers to be recognized during the 2023 UN General Assembly in September in New York.

Commenting on the launch of the global search, Sanda Ojiambo, CEO & Executive Director of the UN Global Compact, said:

“The SDG Pioneers program recognizes the dedicated professionals that drive and innovate solutions through new technologies, initiatives, and business models that can enable us to reach the Sustainable Development Goals by 2030. We hope their work will inspire others to advance the Global Goals by implementing our Ten Principles on human rights, labor, environment, and anti-corruption.” said Sanda Ojiambo, CEO & Executive Director of the UN Global Compact.”

Employees of companies participating in the UN Global Compact are welcome to submit their own application on contributions towards sustainable development or nominate a colleague inviting them to submit an application here for consideration in the program before May 3, 2023, at 11:59 PM ET.

About the SDG Pioneers Program

As part of the UN Global Compact’s Making Global Goals Local Business campaign, each year, the UN Global Compact recognizes a class of SDG Pioneers — business leaders working at any level of their company who are using business as a force for good to advance the 17 SDGs. Through their own company or by mobilizing other businesses, they are helping to reach one or more of the Sustainable Development Goals (SDGs) while also contributing to business success. In 2023 Local Networks, including those spanning all continents, will be hosting a country-level SDG Pioneers campaign to identify business leaders who will then be contenders for the global round to be recognized at the UN General Assembly in September 2023.

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