Highlights from Uniting Business LIVE
On September 20-22, 2021, the UN Global Compact hosted Uniting Business LIVE. Uniting Business LIVE connected high-level multi stakeholder dialogues of the Private Sector Forum, grounded local knowledge and implementation strategies in the Global Impact Forum, and partnership and leadership examples of the SDG Business Forum, into one inclusive, impactful and innovative all access global event.
Over the course of the three-day event, leading Chief Executives, Heads of State and Government, corporate sustainability experts and business leaders, plus heads of UN agencies and civil society organizations took stock of the state of the world, addressed gaps in progress, drove business ambition on the SDGs and highlighted cooperative and actionable solutions that are ready — today. These themes ran throughout multi-stakeholder panels, live General Assembly presentations and CEO interventions, and encouraged a global cross-sector dialogue through interactive breakout-sessions and exposition booths.
UN Global Compact Network USA contributed a session to Uniting Business LIVE on Value Creation Through Engaging Stakeholder on Sustainability. Speakers included:
- Joe Cahill, Chief Customer Officer (CCO), PMI
- Claudia Lorenzo, President of ASEAN and South Pacific, The Coca-Cola Company
- Vance Merolla, Worldwide Director, Global Sustainability, Colgate Palmolive Company
- Adam Roy Gordon, Engagement Director, UN Global Compact Network USA
The session focused on how proactive, measurable and issue-based engagement with stakeholders leads to shared-value creation and greater success in companies' sustainability strategies.
To explore the topic of value creation through stakeholder engagement in more depth, please refer to the report developed by UN Global Compact Network Netherlands, with the support of VNO-NCW. This document outlines how companies that actively involve their stakeholders in their organization are successful in implementing solutions to the societal challenges, as expressed by the SDGs. Political and social stakeholders are also expected to be more involved in the business. In this publication, UN Global Compact Network Netherlands provides a model and a practical questionnaire for companies to raise their stakeholder engagement to a higher level.