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Article

5 May 2011

Author:
Global Compact Network UK, UN PRI, Engi

Responsible Business in High-Risk Areas and Challenging Operating Environments: Notes from the conference held on 23 March 2011 at Old Mutual, London EC4, organised by the UN Global Compact UK Network, the UN PRI Initiative and Engi

The consequences of misjudged strategies in [the context of risks related to conflict] can be hugely expensive in security, litigation and capital costs, reputation losses and workforce issues. With the right advice, however, practical policies can be developed to mitigate the risks...This conference [organized by the UN Global Compact UK Network, the UN PRI Initiative and Engi] focused on (1) how Responsible Business practices in high-­‐risk areas can benefit companies (2) the [UN Global Compact Guidance] and how it could be better promoted and understood (3) the role of the private sector in helping to create economic security (4) how the private sector can contribute to the stability of their operating environments.