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New Tool “A Global Compact for Development” Released

Summary

This new report from the UN Global Compact Office emphasizes the second objective of the Global Compact by articulating how companies can support development objectives through their core business; strategic social investments; advocacy; partnerships and collective action. Available Global Compact platforms for business to support development goals are identified and examples of how companies are already contributing to this agenda are showcased…

In many countries, particularly those that have remained at the bottom of the economic pyramid, a company’s deep commitment to infrastructure development, local capacity-building, education, health, job creation and disaster relief can be critical to advancing the national development agenda as well as helping the company to build new markets.

Corporate efforts that contribute to United Nations development goals are critical to growing sustainable and inclusive markets world-wide. Working toward UN objectives has a positive influence on a business’ reputation and credibility. Enlightened businesses also recognize the value-creation potential. The UN Millennium Development Goals (MDGs), which aim to improve the livelihoods of billions of people around the world, are an entry point for business to engage in development. The MDGs have a particular emphasis in 2010, as the UN reflects on progress made in the first 10 years and looks ahead.

Successful development requires sufficient private sector investment to enable broad-based sustainable growth. Responsible investment can assure the longevity and robustness of UN interventions. Governments and the UN can benefit from the financial, logistical and practical support provided by the private sector. More than ever, businesses are needed to contribute, invest, and partner.

To read the report, please click here.

For more information, please contact Melissa Powell, UN Global Compact Office.