UN Global Compact Releases its 2014-2016 Strategy

(10 February 2014, New York) – The UN Global Compact released its 2014-2016 strategy, which lays out how the initiative will work to make corporate sustainability a transformative force in achieving a shared, secure and sustainable future. Developed by the management and staff of the Global Compact with support from Deloitte, the strategy is released after 18 months of consultation with a range of key stakeholders including the Global Compact Board, Government Group and Local Networks.

Over the next three years, the Global Compact aims to achieve scale and transformation, while maintaining quality and impact, by focusing on four priorities: participant engagement; Local Networks, a global portfolio of issues, and responsible business in support of UN goals and issues:

• The Global Compact’s participant engagement strategy emphasizes reaching 13,000 business participants by 2016, while focusing on enhanced levels of reporting and transparency among participants.
• Local Networks serve an essential role in rooting the UN Global Compact within different national contexts – and their distinct economic, cultural and linguistic needs. The Global Compact seeks to empower networks by setting standards and equipping them to facilitate transformative actions and solutions that impact the Post-2015 Development Agenda, and support widespread advances in corporate sustainability performance.
• The Global Compact’s global portfolio of issues – covering human rights, labour standards, environment and anti-corruption – has been at the forefront of engaging companies and driving implementation of the ten principles. Its array of issue platforms, working groups, specialised workstreams, and collaboration with sister initiatives will be highlighted as premier opportunities for business to advance corporate sustainability.
• As the main interface with businesses that have publicly committed to UN values and principles, the Global Compact will continue to support companies in collaborating with the UN and to enhance the impact of business contributions to UN priorities. The Global Compact will seek to improve the quality and quantity of partnerships by its participants to advance UN goals, to enhance the UN system’s capacity to partner more effectively with the private sector, and to illustrate ways that the Business Engagement Architecture can contribute to the Post-2015 Development Agenda.

For more information on the history of the Global Compact Strategy and to download the 2014-2016 Strategy, please visit /AboutTheGC/global_compact_strategy.html.

Contact

Da Woon Chung
UN Global Compact Office
chungd@un.org
+1 917-367-2084