United Nations Global Compact breaks new ground on global sustainability
The 2013 U.N. Global Compact Leaders' Summit opened impressively Thursday as the premier global sustainability organization introduced new services further energizing the corporate social responsibility community.
Special events throughout the first day of the two-day Summit in New York – plenary sessions was held Friday – presented new and continuing commitments advancing Global Compact progress relating to its ten principles in environment, social and governance issues.
On the eve of the Summit, the Compact had announced the “Global Compact 100” – a stock index of companies committed to the ten principles that shows a total investment return of 26.4% during the past year, surpassing the general global stock market.
On Thursday, some 600 Summit delegates chose from some twenty seven sessions addressing sustainability issues in depth. A subjective selection of highlights:
Business For Peace issue platform which will “engage companies in actions that contribute to peace in a wide range of environments, including periods of strife, situations which may turn into conflicts, and post-conflict conciliation.”
Principles For Responsible Management Education (PRME) Champions, a new group of 25 higher education institutions around the world, that “will work to unlock the next level of responsible management and leadership education.”
- Global Business Coalition For Education, presenting a new framework for business engagement in education because “business needs a creative, skilled, innovative workforce” and there are an estimated 57 million children of primary school age worldwide who are still out of school.”
A complete account of the many sustainability interactions at the Summit is available on the U.N. Global Compact website www.unglobalcompact.org