Leading CEOs join Governments, the United Nations and development agencies to call for increased investments in renewable energy

Leading CEOs join Governments, the United Nations and development agencies to call for increased investments in renewable energy

United Nations, New York, Sept. 19, 2022 (GLOBE NEWSWIRE) — At the start of the high-level opening week of the 77th United Nations General Assembly, representatives from UN Member States and development agencies joined CEOs and CFOs from Global Compact the participating UN companies at this year’s Private Sector Forum (PSF) to call for increased investment in renewable energy to deliver a step change in climate and energy security while enabling progress on many priorities economic and social of the Sustainable Development Goals (SDGs). This has followed the release of the UN Secretary General’s Five Point Energy Plan which seeks to triple private and public investment in renewables to at least 4 trillion dollars per year.

Speaking during the event, were Sanda Ojiambo, the Assistant Secretary General; The Executive Director and CEO of the UN Global Compact said, “Businesses need to increase public-private partnerships to start the renewable energy transition. They must promote equitable and resilient energy solutions that support the needs of the world’s most vulnerable people and ecosystems. And the business community needs to increase corporate investments in renewables, in rich nations and developing economies alike.”

Earlier this month the UN Global Close Think Tank on Just Transition launched new guidance to ensure this transition to a green economy is just and inclusive by setting out seven concrete actions to engage in effective social dialogue, decent jobs , create locks, and ensure that there is no. there is one left behind. This complements the work of the SDG Aspirations Accelerator, a 6-month program open for applications until 30 September, which enables companies to develop and promote strategies that will help advance the SDGs.

A new Business and Human Rights Accelerator was also announced during the PSF. 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

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: UN Global Compact Media United Nations Global Compact (212) 907-1301 media@unglobalcompact.org

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