At last week's World Economic Forum, UN Secretary-General Ban Ki-moon cited the UN Global Compact as a prime example of efforts to solve simultaneously multiple problems. He called for a new phase of the program - which he dubbed Global Compact 2.0. The key, according to Mr. Ban, is credibility - which Compact participants would have to earn and maintain through annual Communication on Progress reports... And not only do Global Compact participants need to nurture credibility, so too does the Compact itself. [refers to PetroChina]