January 19, 2021 – UN Global Compact Board approves new strategy to scale up business ambition and action to achieve the SDGs and Paris Agreement on Climate Change.  

UN Secretary-General, António Guterres, Chair of the Board of the UN Global Compact, announced a new three-year strategic plan to increase and accelerate corporate sustainability and principled business.

His words: The United Nations Global Compact is uniquely positioned to support companies on their journey to align their practices to a sustainable and inclusive future. The Ten Principles on Human Rights, Labour, the Environment and Anti-corruption offer a blueprint for businesses seeking to be part of the collective effort to build back stronger from the COVID-19 pandemic.

Now is the time to scale up the global business community’s contributions to the 2030 Agenda and the implementation of the Paris Agreement on climate change. That is the overarching goal of the Global Compact’s strategic plan for 2021 through 2023.

Sanda Ojiambo, CEO & Executive Director, UN Global Compact reiterated this point.

More must be done by businesses globally to accelerate corporate sustainability and responsible business practice. Our strategy and ambition are to grow and take our participants on a journey of demonstrated continuous improvement in the impact that they create, she stated.

With the pandemic and ongoing climate crisis undoing much of the progress the world has achieved since adopting the SDGs in 2015, the new UN Global Compact strategy seeks to galvanize the global business community to increase its contribution to achieving the 2030 Agenda for Sustainable Development and the Paris Agreement.

The strategy outlines five key shifts to boost business action and impact:

“Our goal is to raise expectations of how businesses will embed all Ten Principles. These are intrinsic to a company and serve as the enabler for contributions towards achieving the 2030 Agenda for Sustainable Development and the Paris Agreement.  The five key shifts articulated in this strategy reflect our ambitions for global growth, prioritization, and impact at scale,” Sanda Ojiambo said.

“Together, we will be One Global Compact uniting business for a better world.”

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