Local networks are clusters of participants who come together to advance the United Nations Global Compact and its principles within a particular geographic context. They perform increasingly important roles in rooting the UN Global Compact within different national, cultural and language contexts, and also in helping to manage the organizational consequences of the project's rapid expansion. Their role is to facilitate the progress of companies (both local firms and subsidiaries of foreign corporations) engaged in the UN Global Compact with respect to implementation of the ten principles, while also creating opportunities for multi-stakeholder engagement and collective action. Furthermore, Networks deepen the learning experience of all participants through their own activities and events and promote action in support of broader UN goals. There are 62 Local Networks at the moment.