UN General Assembly reaffirms Global Compact mandate

UN General Assembly reaffirms Global Compact mandate

Resolution additionally helps the work of the UN Global Compact to lift ambition and obtain stronger personal sector engagement in restoration from COVID-19

United Nations, New York, Dec. 17, 2021 (GLOBE NEWSWIRE) — UNITED NATIONS, New York, 17 December 2021 — United Nations Member States at present reaffirmed their assist for the UN Global Compact’s mandate to have interaction the personal sector in advancing the Sustainable Development Goals with a renewed decision adopted by the UN General Assembly.

The decision, beneath General Assembly agenda merchandise 27 — Towards international partnerships: A principle-based method to enhanced cooperation between the United Nations and all related companions — reiterates the mandate of the UN Global Compact, which is “to advance United Nations values and responsible business practices within the United Nations system and among the global business community.” UN Member States additionally welcomed “the commitment of the Secretary-General to continuing to retain the integrity and unique role of the United Nations Global Compact.”

The decision is an expression of broad-based assist by governments of the north and south for the work of the UN Global Compact. The General Assembly expressed assist for the implementation of the UN Global Compact Strategy 2021-2023, together with the Africa Strategy 2021-2023 and SME Strategy 2021-2023.

Furthermore, Member States referred to UN Global Compact flagship “Uniting Business Live” occasions that occurred within the margins of the General Assembly. These occasions embrace the annual United Nations Private Sector Forum, the Global Impact Forum, the Young SDG Innovators Summit, and the SDG Business Forum.

UN Member States acknowledged “the importance of the private sector, multi-stakeholder engagement, innovative partnerships and a conducive policy environment in achieving the 2030 Agenda for Sustainable Development”. They additionally recalled multilateralism as a necessity. In this context, the decision helps the work of the UN Global Compact to “raise ambition and achieve stronger private sector engagement, accountability and partnerships, in support of a sustainable, resilient and inclusive recovery from COVID-19.”

UN Global Compact CEO & Executive Director Sanda Ojiambo commented: “We thank the UN Member States for reaffirming their strong support for the UN Global Compact. We will continue to expand our global reach by mobilizing businesses and engaging in strategic partnerships to accelerate progress towards the implementation of the 2030 Agenda.”

The progress of the UN Global Compact in participating the personal sector to implement accountable enterprise practices and assist UN targets will subsequent be reviewed in 2024.

Notes to Editors

About the United Nations Global Compact

As a particular initiative of the UN Secretary-General, the United Nations Global Compact is a name to corporations all over the place to align their operations and methods with Ten Principles within the areas of human rights, labour, atmosphere and anti-corruption. Our ambition is to speed up and scale the worldwide collective influence of enterprise by upholding the Ten Principles and delivering the Sustainable Development Goals via accountable corporations and ecosystems that allow change. With greater than 13,000 corporations and three,000 non-business signatories primarily based in over 160 international locations, and 69 Local Networks, the UN Global Compact is the world’s largest company sustainability initiative — one Global Compact uniting enterprise for a greater world.

For extra data, observe @globalcompact on social media and go to our web site at https://www.unglobalcompact.org/

Media Contact: Dan Thomas Email: thomas@unglobalcompact.org

CONTACT: United Nations Global Compact Media Team United Nations Global Compact thomas@unglobalcompact.org

Leave a Reply

Your email address will not be published. Required fields are marked *