Business leaders encouraged to step up sustainability commitments at Uniting Business LIVE 2022

Business leaders encouraged to step up sustainability commitments at Uniting Business LIVE 2022

New York, Sept. 21, 2022 (GLOBE NEWSWIRE) — At the beginning of the high-level opening week of the 77th Session of the General Assembly, CEOs from the UN Global Compact companies and representatives of Governments, the United Nations and development agencies will gather in New -York during Uniting Business LIVE to align urgent and collective action to put the world back on track to achieve the Sustainable Development Goals (SDGs) by 2030 as progress stops for the second year running together.

Uniting Business LIVE combines the high-level multi-stakeholder dialogue of the Private Sector Forum, the grounded local knowledge and implementation strategies of the Global Impact Forum, and the partnership and leadership examples of the SDG Business Forum, all in one comprehensive, efficient and innovative approach. global event.

António Guterres, Secretary General of the United Nations, speaking during the three-day event, noted that the world and the Sustainable Development Goals are in trouble and called on the private sector to do more:

“We need to increase private sector investments in the net-zero and climate-resilient transition of emerging economies. We the private sector must support the full implementation of the Black Sea Grain Initiative, providing the necessary funding, insurance and logistical support. And we must ensure that the trillions used by the private sector lead to tangible progress on the Sustainable Development Goals. The Ten Principles of Global Compact have never been more relevant. I encourage and challenge you to bring the Global Compact to life through ambitious action across your companies, industries and economies.”

Findings from the UN Global Compact 2022 Progress Report released during Uniting Business LIVE showed that companies across their networks are increasing their commitment to sustainability with 51 percent of respondents to the annual survey reporting that their core business strategies aligning them with the SDGs. This is up from just 35 percent in 2019. The companies reported climate, fair labor practices, and gender equality as top priorities.

According to the report, boards of directors are increasingly developing corporate responsibility and more companies are publicly disclosing sustainability progress and holding themselves accountable for their commitments. This is particularly true for the environment, with an 11 percent increase in emissions reporting and strategic data.

Sanda Ojiambo, Assistant Secretary General; The Executive Director and CEO of the United Nations Global Compact spoke at the SDG Business Forum about her support for verifiable goals and called on companies to integrate sustainability into their operations:

“To achieve the 2030 Agenda for Sustainable Development we will all have to step up our efforts.

We need companies to collaborate and build some knowledge within their strategy and operations. We need to invest in a talent pool of change-makers who can leverage new technologies and business models to find sustainable solutions to intestinal problems. And you will have to hold the place to implement the necessary solutions. Internal reviews and public sustainability reports are meaningless if not followed by concrete action.”

Ojiambo made his remarks following a declaration by the UN General Assembly in July declaring access to a clean, healthy and sustainable environment as a universal human right, paving the way for businesses and governments to step up functional commitment to the environment and human rights. .

To spearhead this effort, the UN Global Compact announced the launch of a new Business and Human Rights Accelerator. This six-month program is designed to help companies understand when, where and how they negatively impact human rights, while clarifying how to prioritize the most significant issues for action It was also announced that the USA Local Network, in its first Climate Aspirations Accelerator, has guided twenty-nine of the largest US companies through the science-based target methodology, helping them implement an emissions reduction plan to achieve net zero. look for by 2050.

Notes to Editors

Regarding the United Nations Global Compact

As a special initiative of the UN Secretary General, companies everywhere are called to align their operations and strategies with Ten Principles in the areas of human rights, labour, the environment and anti-corruption as a special initiative of Secretary General of the United Nations. Our ambition is to accelerate and scale global business impact by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 15,000 companies and 3,000 non-business signatories based in more than 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative – one Global Compact that unites business for a better world.

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

Contact

Alexandra Gee
gee@unglobalcompact.org

CONTACT: Alexandra Gee United Nations Global Compact (212) 907-1301 media@unglobalcompact.org

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