Videos of all plenary sessions, press briefings and Leaders Livestream commitments are also archived here.
For a concluding perspective by Prof. Dirk Matten, the official blogger of the Leaders Summit, visit his excellent blog.
In the Leaders Summit’s closing session today, Global Compact participants adopted, by acclamation, a “New York Declaration by Business”, pledging to renew their commitment to the Global Compact principles, deepen their engagement, strengthen their support for critical development goals, and increase transparency and dialogue. The Declaration further calls on governments to “cultivate enabling environments for entrepreneurship and innovation” and to set clear regulatory signals, especially on climate change.
Download the New York Declaration by Business.
The world’s two largest corporate social responsibility initiatives forged an alliance to help build a universal standard on corporate sustainability and disclosure. The alliance hopes to transform business practices on a global scale.
Under the terms of the Memorandum of Understanding, GRI, which is subject to due process, will integrate the Global Compact’s 10 principles and issues in its next Sustainability Reporting Guidelines. Similarly, the Global Compact will use the GRI Guidelines as the recommended framework for companies to communicate on progress.
Together, the two initiatives hope to provide companies with clear direction to sustainable performance and transparency.
Read the specific commitments of the alliance here.
CEOs believe investors are the key in creating a more sustainable global economy, according to a new study by Accenture and the UN Global Compact. The results of a survey of more than 766 CEOs found that 86% of CEOs want investors to value sustainability in their long-term investments.
“The momentum is there from both companies and investors to create a sustainable economy. In particular it is remarkable that in just four years over US$20 trillion of assets have been signed to the Principles for Responsible Investment,” said Gavin Power, deputy director of the UN Global Compact.
Since 2006 the UN-backed Principles for Responsible Investment Initiative (PRI) have been encouraging investors to integrate environmental, social and governance issues in their investments.
Download the study here: A New Era of Sustainability: UN Global Compact-Accenture CEO Study 2010
Read more about the sustainability tipping point here.
Earlier today, the UN released the official transcript of UN Secretary-General Ban Ki-moon’s opening address to the Global Compact Leaders Summit. Also available: the Secretary-General’s remarks at the press conference following the opening session. To follow the webcast of today’s meeting, including Mayor Bloomberg’s speech, visit the UN webcast site for the Leaders Summit.
Prof. Dirk Matten, the Leaders Summit’s official guest blogger, has spent day a hard day’s work following plenary sessions, press briefings, roundtable discussions and side events. To read his take on the Summit, visit the Crane and Matten blog.