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UN Global Compact Announces Shanghai Declaration

2005-12-01

Document Released at Historic Summit on Corporate Citizenship

(Shanghai, People's Republic of China, 1 December 2005) - The United Nations Global Compact today announced the "Shanghai Declaration " at the close of a historic summit on the topic of corporate citizenship.

Mr. Georg Kell, Executive Head of the Global Compact, released the 15-point Shanghai Declaration with the support of nearly 800 international business leaders and representatives of government and civil society who were assembled for the Global Compact Summit: China.

The two-day Summit was the largest event ever held in China on advancing responsible business practices in order to create a more sustainable and inclusive global economy. The Summit featured a range of plenary sessions and forums covering topics including: sustainable business and development; international trade; the workplace and community; the financial sector; and environmental stewardship.

"The Shanghai Declaration reflects the aspirations, commitments and goals of the many participants of the Global Compact", said Mr. Kell. "It emphasizes the need for business to take part in creating more sustainable societies, as well as the critical role that governments must play in creating the enabling environments required for corporate citizenship to expand to even higher levels."

The Shanghai Declaration notes that: "The ongoing transformation and expansion of markets around the world remains an uneven and fragile process. Due to the expanding reach of business, embedding universal principles in the global marketplace has become an imperative for creating more robust and equitable societies".

Launched by Secretary-General Kofi Annan in July 2000, the Global Compact has grown to become the world's largest corporate citizenship initiative with more than 2,400 companies from over 80 countries.

The Global Compact Summit: China was convened with the support of the Government of the People's Republic of China and in collaboration with the Shanghai Municipal People's Government; State-Owned Assets Supervision and Administration Commission; All China Federation of Industry & Commerce; China Enterprise Confederation; China Society for the Promotion of the Guangcai Program; Foundation for Globalization Cooperation; and the United Nations Industrial Development Organization.

For background information and interview requests, please contact: Matthias Stausberg, Global Compact Office, +86 13661814169, stausberg@un.org; Gavin Power, Global Compact Office, +86 13661814178 or +1 917-679-8144; Tim Wall, UN Department of Public Information, +1 212-963-5851.