UN General Assembly Reaffirms Global Compact Mandate
This article was originally posted on the United Nations Global Compact website. You can read the original article here.
New York, United States of America
Resolution also supports the work of the UN Global Compact to raise ambition and achieve stronger private sector engagement in recovery from COVID-19
UNITED NATIONS, New York, 17 December 2021 — United Nations Member States today reaffirmed their support for the UN Global Compact’s mandate to engage the private sector in advancing the Sustainable Development Goals with a renewed resolution adopted by the UN General Assembly.
The resolution, under General Assembly agenda item 27 — Towards global partnerships: A principle-based approach to enhanced cooperation between the United Nations and all relevant partners — reiterates the mandate of the UN Global Compact, which is “to advance United Nations values and responsible business practices within the United Nations system and among the global business community.” UN Member States also welcomed “the commitment of the Secretary-General to continuing to retain the integrity and unique role of the United Nations Global Compact.”
The resolution is an expression of broad-based support by governments of the north and south for the work of the UN Global Compact. The General Assembly expressed support for the implementation of the UN Global Compact Strategy 2021-2023, including the Africa Strategy 2021-2023 and SME Strategy 2021-2023.
Furthermore, Member States referred to UN Global Compact flagship “Uniting Business Live” events that occurred in the margins of the General Assembly. These events include the annual United Nations Private Sector Forum, the Global Impact Forum, the Young SDG Innovators Summit, and the SDG Business Forum.
UN Member States recognized “the importance of the private sector, multi-stakeholder engagement, innovative partnerships and a conducive policy environment in achieving the 2030 Agenda for Sustainable Development”. They also recalled multilateralism as a necessity. In this context, the resolution supports the work of the UN Global Compact to “raise ambition and achieve stronger private sector engagement, accountability and partnerships, in support of a sustainable, resilient and inclusive recovery from COVID-19.”
UN Global Compact CEO & Executive Director Sanda Ojiambo commented: “We thank the UN Member States for reaffirming their strong support for the UN Global Compact. We will continue to expand our global reach by mobilizing businesses and engaging in strategic partnerships to accelerate progress towards the implementation of the 2030 Agenda.”
The progress of the UN Global Compact in engaging the private sector to implement responsible business practices and support UN goals will next be reviewed in 2024.