Tag: UN Global Compact

UN Global Compact Network USA Helps US Companies Elevate Their Sustainable Development Goals Agenda

Stuart Mitchell

Progress against the United Nations’ Sustainable Development Goals (SDG) have stalled over the course of the past two years. There are myriad causes for this in the United States, including lack of environmental regulation, food shortages and deserts, and widening inequalities. Rather than progress, global greenhouse gas emissions are set to increase by almost 14% over the current decade, even with current national commitments. Moreover, the COVID-19 pandemic has created a multiplying effect that continues to exacerbate these issues. The US private sector is a critical lever for generating much…

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UN Global Compact launches CFO Coalition for the SDGs to drive more private sector investment towards sustainable development

Stuart Mitchell

The UN Global Compact, the world’s largest corporate sustainability initiative, has announced the launch of the Chief Financial Officers’ Coalition for the SDGs, during its Annual Local Network Forum in Dubai.  The CFO Coalition for the SDGs is a platform where global CFOs and other corporate officers can collaborate with peers, investors, financial institutions and UN agencies to develop principles, frameworks and recommendations to integrate the Sustainable Development Goals (SDGs) in corporate finance and create a market for mainstream SDG investments. It is made up of a CFO Leadership Group…

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UN Global Compact and UNESCO’s IOC Join Forces to Advance Science-based Sustainable Ocean Business

Stuart Mitchell

The UN Global Compact has renewed its commitment to advancing science-based sustainable ocean business by signing a letter of intent with the United Nations Educational, Scientific and Cultural Organization’s Intergovernmental Oceanographic Commission (UNESCO’s IOC), the UN agency charged with the preparation of the UN Decade of Ocean Science for Sustainable Development. The UN Global Compact’s Action Platform for Sustainable Ocean Business will play a key role in mobilizing the private sector in the upcoming UN Decade of Ocean Science for Sustainable Development. Scheduled to start in 2021, the Ocean Decade…

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UN Global Compact Defines New Level of Ambition for Corporate Sustainability

Stuart Mitchell

The UN Global Compact is challenging companies to align with an initial set of business benchmarks to gauge whether their activities are aiming at the necessary level of ambition to deliver on the Sustainable Development Goals (SDGs). By translating the SDGs into specific business targets, the new global benchmarks call on companies to set sufficiently ambitious goals that can rapidly accelerate progress. They are a part of the UN Global Compact SDG Ambition initiative, launched in January 2020 at Davos by UN Secretary-General António Guterres, and discussed at the UN…

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30 Companies and Institutional Investors Commit to Take Action to Secure a Healthy and Productive Ocean

Stuart Mitchell

30 companies and institutional investors have signed up to the UN Global Compact Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean. The signatories to the principles include the container ship and supply vessel operator A.P. Møller – Mærsk, food and beverage company PepsiCo, and Norges Bank Investment Management, which manages one of the world’s largest funds with over US$ 1 trillion in assets. “The rapid deterioration of ocean health, which deeply affects biodiversity, coastal communities and the health of the planet, must be urgently addressed,” said Lise Kingo,…

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