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Article

5 Jul 2007

Author:
UN Global Compact

UN Secretary-General Opens Historic Leaders Summit on Corporate Citizenship

United Nations Secretary-General Ban Ki-moon officially opened the Global Compact Leaders Summit today, announcing that the UN has successfully created an international movement of companies dedicated to advancing responsible business practices – but adding that more work needs to be done...the Secretary-General said that more than 4000 companies and stakeholders in 116 countries have committed to the Global Compact’s ten principles related to human rights, working conditions, the environment and anti-corruption...During the the two-day Summit...a range of new initiatives and projects will be announced, including a Business Leadership Platform on climate change; a set of Principles for Responsible Management Education, and a CEO Water Mandate. The Secretary-General said that while the Global Compact has achieved significant progress, the business community is still too often linked to serious problems, including exploitative practices, corruption, and income equality...Georg Kell, Executive Director of the Global Compact, said that while companies are accelerating implementation efforts, there are notable “performance gaps”...[refers to Goldman Sachs]