UN General Assembly reaffirms Global Compact mandate

Resolution also supports the work of the UN Global Compact to raise ambition and achieve stronger private sector engagement in recovery from COVID-19

United Nations, New York, Dec. 17, 2021 (GLOBE NEWSWIRE) — UNITED NATIONS, New York, 17 December 2021 — United Nations Member States today reaffirmed their support for the UN Global Compact’s mandate to engage the private sector in advancing the Sustainable Development Goals with a renewed resolution adopted by the UN General Assembly.

The resolution, under General Assembly agenda item 27 — Towards global partnerships: A principle-based approach to enhanced cooperation between the United Nations and all relevant partners — 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 also welcomed “the commitment of the Secretary-General to continuing to retain the integrity and unique role of the United Nations Global Compact.”

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

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

UN Member States recognized “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 also recalled multilateralism as a necessity. In this context, the resolution supports 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 engaging the private sector to implement responsible business practices and support UN goals will next be reviewed in 2024.

Notes to Editors

About the United Nations Global Compact

As a special initiative of the UN Secretary-General, the United Nations 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. 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 13,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 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 https://www.unglobalcompact.org/

Media Contact: Dan Thomas Email: [email protected]

CONTACT: United Nations Global Compact Media Team United Nations Global Compact [email protected]
source: yahoo.com