GRI and UN Global Compact Join Forces in New Alliance

25 June 2010

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.


Sustainability is in the Investor’s Hands, Says New Study by Global Compact, Accenture

25 June 2010

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.

Speeches and Statements – Leaders Summit Day 1 (24 June)

24 June 2010

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.

Matten’s Perspective

24 June 2010

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.

UN Secretary-General Opens Proceedings Along with Mayor Bloomberg

24 June 2010

(Photo: UN Global Compact/Paulo Filgueiras)

More than 1,200 corporate leaders from around the world convened today in New York City for the tenth anniversary of The UN Global Compact Leaders Summit. The two-day summit was kicked off by UN Secretary-General Ban Ki-moon and New York City Mayor Michael Bloomberg.

In his address, The Secretary General urged the business, civil society and government leaders to lead a “race to the top”, embracing openness, anchoring profit-making in social principles and favouring long-term horizons over pursuit of short-term profits.

Mayor Bloomberg – noting that he was speaking as a former CEO as well as an elected official – said that good corporate citizens recognize that support for human rights is in their enlightened self interest.

Watch the live webcast.

Read today’s complete announcement.

Businesses Asked to Help Protect and Promote Children’s Rights

24 June 2010

At the UN Global Compact Leaders Summit, UNICEF, the UN Global Compact and Save the Children called on the business community to work together to build universal principles that will place children’s rights at the top of the global corporate responsibility agenda.

The three organizations are asking business leaders to work with them to develop principles – to be known as the Children’s Principles for Business – so that they can avoid the negative impacts that their activities may have on children, and contribute to a better future for everyone.

Watch the live webcast.

Read today’s complete announcement.

Leaders Summit Official Broadcast Partner CNBC to Host First-ever Live Broadcast from the Floor of the UN General Assembly

23 June 2010

As the Official Broadcast partner of the UN Global Compact Leaders Summit, leading business cable network CNBC will broadcast a live special “CNBC Global Summit: The World’s Financial Future”—the first-ever live show from the floor of the UN General Assembly at 8 p.m. tonight.

From CNBC:  “Hosted by CNBC’s Erin Burnett, the special will bring together world business leaders to provide insight on topics such as the future of oil; whether BRIC nations can still be the growth engines they once were and continue to lead the way; and what CEOs think is a critical factor to the future success of their companies.”

Secretary-General Ban Ki-moon is the keynote guest for the program, which will be hosted by anchor Erin Burnett. Other Summit participants who will appear on the program include Jamshed Irani, Director of Tata Sons; Andrei Galaev, CEO of Sakhalin Energy; Martha Tilaar of The Martha Tilaar Company; and Antonio De Abreau, CEO of EDP Brazil.

CNBC’s coverage of the Summit will continue throughout the Global Compact Leaders Summit on Thursday, 24 June.