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Lithuanian President Introduces Global Compact, 40 Businesses Join

2005-06-04

The Presidential Office in Vilnius provided the setting for the official launch of the Global Compact in Lithuania on 2 June. In the presence of Lithuanian President Valdas Adamkus, over 40 Lithuanian businesses joined the Global Compact, presenting their official letters of commitment to Georg Kell, Executive Head of the Global Compact Office.

In his opening speech, President Adamkus expressed his belief that the Global Compact will certainly make an impact on the state’s economic and social development. “The process that has been started a couple of years ago as an idea, today transforms into a concrete actions. I truly believe that these actions will have an important effect for the people of Lithuania,” the President said.

Georg Kell offered words of encouragement to the Lithuanian business leaders and stressed the simplicity and universality of the ten Global Compact principles. “This rather moral commitment is useful for the company’s image and brand name because it brings added value. Also, it may give additional argument in highly competitive national and global markets,” Kell said.

Among those Lithuanian companies that joined the Global Compact and the national network of socially responsible businesses are some of the country’s biggest manufacturers, financial institutions, retail chains, labor and business associations as well as a number of small and medium-size enterprises.

“The enthusiasm of Lithuania’s enterprises to support and promote the principles of socially responsible business is highly appreciated and welcomed by the United Nations Development Programme and other development advocates. With this initiative companies can not only help improve their image, exchange experiences on issues of importance to companies, and implement risk management strategies, but they also can be involved and become more efficient in the processes of economic and social development”, said Cihan Sultanoglu, United Nations Coordinator and UNDP Resident Representative in Lithuania.

For more information please contact Ms. Ieva Burneikaite, UNDP Communications Officer (ieva.burneikaite@undp.org; +370-5-2107405).