As the United Nations Global Compact celebrates its 10th anniversary, it serves us well to reflect upon the substantial advances made in the corporate commitment to sustainable development over the past 10 years in which the UN Global Compact has played a crucial part. more[...]
There is now a critical mass of institutional investors who believe management of corporate responsibility is important to the long-term financial success of their investments. Hundreds of investors are now integrating a range of environmental, social, and corporate governance (ESG) issues in decision-making processes, as well as in the ongoing dialogue they have with investee companies. more[...]
On this, the UN Global Compact’s 10th anniversary, I am delighted to extend my congratulations and contribute to the Global Compact International Yearbook 2010. The UN Global Compact has for 10 years worked to ensure that markets, commerce, technology, and finance advance in ways that benefit economies and societies around the world. more[...]
Ten years ago, when the UN Secretary-General initiated the Global Compact in New York, no one expected to see the global economic developments that we face today. And today, when we are battling the consequences of the global economic crisis, we must respect the ten principles of the Global Compact more than ever and promote them internationally. more[...]
Multinational companies face huge challenges in countries they operate in, from human rights to the growing need for transparency and responsibility, from respect for the environment to the fight against poverty and the promotion of fair labor practices. Oil and gas companies operate in some of the most challenging places on earth, where they can have an important impact on local communities and on the environment due to the nature of their operations. Furthermore, they manage energy resources that are deeply connected to the economy of a country, and they cope with a public sector that often looks for the support from the private sector to guarantee an improvement of development standards. more[...]
In the year 2000 the United Nations introduced the Millennium Development Goals. Main targets are the reduction of extreme poverty and a global partnership for development. At the UN Millennium Summit in New York stakeholders from the international politics, civil society and global NGOs promised to achieve all these targets till 2015. The eight goals are: Eradicate extreme poverty & hunger, achieve universal primary education, promote gender equality and empower women, reduce child mortality, improve maternal health, combat HIV/Aids, Malaria and other diseases, ensure environmental sustainability and develop a global partnership for development. more[...]
There is now little doubt that humans will be forced to adapt to the impacts of a warming world. There is also little doubt that the poorest people in the poorest countries will bear most of the burden of adapting to climate consequences they had almost no role in creating.(2) As the United Nations Development Programme (UNDP) has explained, “In the Netherlands, people are investing in homes that can float on water. more[...]
It took its time but the Global Compact has become increasingly important in the Middle East and North Africa (MENA) over the last couple of years. UNGC spokesperson Matthias Stausberg explains in our interview that the understanding of Corporate Social Responsibility (CSR) as a value driver is typical for the whole region. more[...]
In just 20 years, the countries of the Gulf Cooperation Council (GCC) have transformed themselves from deeply traditional nations that depended largely on oil revenues to booming metropolises with rapidly growing and diversified economies. The transformation – especially in the United Arab Emirates (UAE) has been staggering; once home to a small and tight knit society, the UAE today boasts over 202 different nationalities, making it one of the most diverse nations in the world. more[...]
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