Leadership in demand

The report highlights the role played by various companies and organisations in taking the first crucial steps towards building a better world. It discusses the action taken so far by several businesses, such as incorporating the Ten Principles of the United Nations Global Compact (UNGC) into procedures, policies and strategies to promote responsible business practices. Furthermore, the report calls for all sectors of society to come together to address the challenges ahead, and work towards achieving the SDGs.

The ten principles of the United Nations Global Compact

The Ten Principles of the UNGC are the foundation for building trust across the private sector, and the report calls on companies to incorporate these principles into their policies, procedures and strategies. By doing so, companies can play a critical role in fighting inequalities, addressing climate change, and ensuring that no one is left behind.

The business role

The report highlights the essential role that the international business community plays in achieving the SDGs, and discusses the efforts made so far to integrate the SDGs into corporate strategies. Companies involved in the UNGC initiative are taking bold actions to support the 2030 Agenda and are laying the groundwork for long-term success.

Local networks and country-based approaches

The report discusses the importance of local networks and country-based approaches in achieving the SDGs. Global Compact Local Networks provide a platform for business to engage with stakeholders from the government, civil society and communities to map a shared approach to achieving the SDGs. The report features Local Network stories that provide a snapshot of SDG activities on the ground.

Where we stand today

The report showcases the progress made by businesses and organisations in incorporating ESG factors into corporate strategies. 90% of the 1,950 companies surveyed by the UNGC have policies on all Ten Principles, and 75% are taking action on the SDGs. The UNGC has helped 80% of the companies surveyed to address sustainability challenges.

Your toolbox

The report features various tools that businesses can use to integrate responsible business practices into their policies and strategies. The UN Global Compact Academy will enable companies to learn from and interact with experts, academics, business leaders and the UN to stay up-to-date on core sustainability practices. The Global Opportunity Explorer allows companies to self-assess, compare, and improve their sustainability performance to the SDGs.

Conclusion

Making Global Goals Local Business: A New Era for Responsible Business highlights the crucial role that the private sector plays in achieving the SDGs of the 2030 Agenda. The report outlines the progress made by various companies and organisations, and stresses the importance of incorporating the Ten Principles of the UNGC into corporate strategies. The report also showcases the tools and resources available to companies to integrate responsible business practices into their policies and strategies.