Ministers and other high-level Government officials attending a Ministerial Session in conjunction with the third UN Global Compact Leaders Summit (23-25 June 2010) made a strong call for corporate responsibility and private sector engagement for development.
High-level representatives of more than 40 Governments issued a Ministerial Statement recognizing the crucial role of Governments in promoting corporate responsibility and engaging the private sector in achieving the Millennium Development Goals, a set of eight global objectives, ranging from halving extreme poverty to halting the spread of HIV/AIDS and providing universal primary education, all by the target date of 2015.
The Government representatives recognized that inclusive markets and business models are needed to create employment opportunities and better integrate and empower the poor.
They further committed to partnering with business and cooperating with multi-stakeholder initiatives to achieve development, promote innovation, enable the business environment and advance scalable solutions in ways that have the potential to go beyond what each stakeholder could deliver on their own.
Session participants also acknowledged voluntary initiatives, such as the Global Compact, as powerful complements to regulation, while recognizing that voluntary initiatives can never be a substitute for effective regulation.
The Summary Report of the Ministerial Session contains: (1) a brief overview of the statements delivered at the Ministerial Session, (2) a brief summary of written statements, (3) the Ministerial Statement, (4) the agenda and (5) the list of participants.
Ministerial Session Interventions
Dr. Asha-Rose Migiro, United Nations Deputy Secretary-General opened the Ministerial Session, followed by introductory remarks form the two co-hosts, Mr. Brian Mikkelsen, Minister for Economic and Business Affairs, Denmark and Mr. Arun Maira, Member of Planning Commission, India. After the opening, Ministers and other high-level Government Officials discussed the role of Governments in promoting corporate responsibility and engaging the private sector in development. All statements delivered at the Ministerial Session can be viewed below.
In addition, the UN Global Compact Office has received written statements from
A background paper prepared by the Global Compact Office in collaboration with the Bertelsmann Foundation provides an update on recent developments concerning the role of Governments in promoting corporate responsibility and engaging the private sector in development. In addition, the paper offers practical guidance on how Governments can promote policy options within these areas.
UN Global Compact