For companies of all sizes, operating in "conflict-prone", "weak" or "post-conflict" areas poses a number of dilemmas with no easy answers. Recognizing this, during the past decade the UN Global Compact has brought companies together with multiple stakeholder groups to enhance their collective capacity to make positive contributions to peace and development where they operate.
The Global Compact has engaged companies and investors through the following activities:
Since the launch of the Global Compact companies have benefited from:
Over the years the Global Compact has worked with various stakeholders to develop publications and resources to provide companies with guidance on how to advance corporate sustainability within their strategies and operations when operating in high risk and/or conflict affected areas.
The multi-stakeholder Business for Peace Steering Committee will provide programmatic advice and guidance and will serve to ensure the platform’s good governance and organization. In particular, the Steering Committee will provide counsel on the strategic direction of B4P. This will include:
The Oslo Business for Peace Award recognizes individual corporate leaders for fostering peace and stability through creating shared value between business and society. B4P assists the global nomination process for the Oslo Business for Peace Award through Global Compact Local Networks that submit the names of outstanding corporate leaders who have achieved success while acting in an ethical and responsible manner. The global nomination process is conducted in partnership with the Business for Peace Foundation that administers the award, along with the United Nations Development Programme and the International Chamber of Commerce.
In 2014, B4P received over 25 nominations for the Award from Local Networks. The Business for Peace Honourees will be recognized during a formal ceremony in Oslo City Hall, the same venue where the Nobel Peace Prize is presented. This year the Oslo Business for Peace Award will be bestowed on 15 May 2014.
The work of the Global Compact to advance business and peace has been informed by over a decade of events convening relevant stakeholders to discuss and deliberate these issues.
Access an overview of Business for Peace, run time: 22:44 minutes. Click here.
(Last updated: 4 April 2014)