"Markets can flourish only in societies that are healthy. And societies need healthy markets to flourish."
(H.E. Ban Ki-Moon, UN Secretary General)

The initiative seeks to combine the best properties of the UN, such as moral authority and convening power, with the private sector's solution-finding strengths, and the expertise and capacities of a range of key stakeholders. The Global Compact is global and local; private and public; voluntary yet accountable.

The benefits of engagement include the following:

  • Adopting an established and globally recognized policy framework for the development, implementation, and disclosure of environmental, social, and governance policies and practices.
  • Sharing best and emerging practices to advance practical solutions and strategies to common challenges.
  • Advancing sustainability solutions in partnership with a range of stakeholders, including UN agencies, governments, civil society, labour, and other non-business interests.
  • Linking business units and subsidiaries across the value chain with the Global Compact's Local Networks around the world — many of these in developing and emerging markets.
  • Accessing the United Nations' extensive knowledge of and experience with sustainability and development issues.
  • Developing specific know-hows.
  • Improving the company reputation and increasing the trust in the company.
  • Assuming a leading role in critical themes.
  • Developing a network with other organizations.
  • Understanding the financial needs and promoting the capital access.
  • Utilizing UN Global Compact management tools and resources, and the opportunity to engage in specialized workstreams in the environmental, social and governance realms.
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Youtube

Interview with Fabrice Houdart, OHCHR
"Businesses and LGBTI People"
Milan, October 30, 2018

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