23 September, 11:30 - 15:15
Delegates Dining Room
United Nations Headquarters, New York
Since 2008, UN Secretary-General Ban Ki-moon has convened the UN Private Sector Forum during the opening session of the General Assembly in order to bring the voice of the private sector to inter-governmental debates on key topics.
This year, the UN Private Sector Forum will be an integral part of the UN Secretary-General’s Climate Summit. The Climate Summit will serve as a public platform for leaders at the highest level – all Member States, business, finance, civil society and local leaders – to:
Organised by the UN Global Compact in close cooperation with the World Bank Group, and with the support of UN partners, the Private Sector Forum will provide a unique platform for Governments and business to demonstrate their leadership on climate change.
The theme of this year’s luncheon segment of the Forum will be carbon pricing, focusing on actions that the public and private sectors can take to achieve an equitable and fair valuation of carbon through long-term strategies, investments and policies.
Comprising two programme segments to showcase and catalyse leadership on climate change, the Private Sector Forum seeks to:
The UN Private Sector Forum will be comprised of two segments:
Focused on the theme of carbon pricing, the High-level Luncheon (13:30 to 15:15) will provide a platform for business and Governments to lead the way towards establishing fair and appropriate carbon pricing measures in long-term strategies and public policies.
The luncheon will feature remarks by selected Government, business, investor and civil society leaders. The event will highlight announcements of new commitments to action on carbon pricing by private and public actors.
A Business and Civil Society Special Session will take place prior to the High-Level Luncheon, from 11:30 to 13:00. This session will focus on the actions the private sector can take to demonstrate leadership on climate change and measures that Governments can take to enable the private sector to develop long-term climate change solutions. This session will feature announcements of new commitments to action by the private sector.
The format for both segments of the Forum will allow for participants to be seated at tables of 10 with leaders from business, investment, civil society, Government and the UN.
A maximum of 350 participants are expected from both the public and private sectors - including Heads of State/Government, CEOs, and leaders from civil society, foundations and the UN.
Participation in the Private Sector Forum is by invitation only. Due to limited capacity, select chief executives and leaders from civil society organizations, including labour organizations and business associations, that have a good track record of addressing climate change and work with the UN or the UN Global Compact on these issues or are engaged with the Caring for Climate initiative will have priority in attending the event. The Forum is exclusively open to chief executive, C-suite and board-level participants. Invitations will be issued in late June 2014. Registration will be confirmed on a first-come, first-served basis. However, adequate representation by participant sector, size and region will be considered.
Carbon pricing is a critical tool to address climate change, and momentum is building to put in place carbon pricing schemes. Nearly 40 countries and more than 20 cities, states and provinces use carbon pricing mechanisms such as emissions trading systems and carbon taxes or are preparing to implement them. The private sector has been increasingly outspoken in its support for consistent carbon pricing.
Many companies already operate in countries with carbon pricing and use an internal carbon price in their planning and investments, however more leadership is needed if we are to limit global warming to 2 degrees Celsius.
Two separate initiatives representing a progression of commitments to support carbon pricing will be presented during the Private Sector Forum on 23 September 2014. To learn more, please read this letter from the UN Global Compact and the World Bank Group. The two initiatives are:
In the lead up to the UN Secretary-General’s Climate Summit and the related UN Private Sector Forum, the UN Global Compact, together with UNEP and the UNFCCC secretariat, as well as other partners – CDP, The Climate Group, UN Foundation and Principles for Responsible Investment – are calling on companies to demonstrate leadership in pricing the cost of carbon emissions as a necessary and effective measure to tackle climate change.
The criteria comprise three overlapping dimensions: Leaders who sign up to the criteria agree to (1) set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions; (2) publicly advocate the importance of carbon pricing through policy mechanisms that take into account country specific economies and policy contexts; and (3) communicate on progress over time on those criteria in public corporate reports.
Download the Business Leadership Criteria on Carbon Pricing
The criteria, and companies that are aligned with it, will be featured at the Climate Summit. Please indicate your company’s support by sending an email to firstname.lastname@example.org.
Businesses, Governments and organizations can express support for carbon pricing by adding their names to the Put a Price on Carbon statement through the World Bank.
By supporting this multi-stakeholder statement, groups pledge to work toward developing and strengthening carbon pricing policies.
The effort is coordinated by the World Bank, with partners including the Prince of Wales’s Corporate Leaders Group, the UN Global Compact, the International Emissions Trading Association, the World Economic Forum, the World Business Council on Sustainable Development, CDP, and the We Mean Business Coalition.
To date, more than 300 companies and 50 Governments have shown their support and joined the call for action. Visit the World Bank website to join.
Download the World Bank Statement on Carbon Pricing
The UN Global Compact is calling for commitments to action from the private sector in advance of the UN Private Sector Forum at the Climate Summit. Commitments to action can take many forms, leveraging the unique strengths and characteristics of each actor. All commitments are promises to take action, alone or in partnership, including:
All corporate commitments to action are expected to meet the following criteria:
Companies are also invited to report on progress from commitments made on the occasion of the Rio+20 Corporate Sustainability Forum. By making a commitment to action and reporting tangible progress made, companies can demonstrate leadership towards promoting and supporting the UN climate change agenda.
For guidelines, criteria and to make a commitment to action, please visit http://business.un.org/commitments/.
Join the world’s largest global coalition on climate led by the UN Global Compact, UNEP and UNFCCC. Launched by the UN Secretary-General Ban Ki-moon in 2007, Caring for Climate provides a framework for business leaders to advance practical climate solutions and help shape public policy. Chief executive officers who support the Caring for Climate Statement are prepared to set goals, develop and expand strategies and practices, and to publicly disclose emissions. The Caring for Climate Business Forum is held every year at the UN Climate Change Conference (COP/CMP), providing a platform for dialogue and action among business, investors, civil society, the UN and Government officials.
Since 2007 Caring for Climate has grown to nearly 400 companies from 60 countries. This year, in honour of the Secretary-General’s Climate Summit and his call to businesses around the world to demonstrate leadership on this issue, we encourage companies to join Caring for Climate and make a lasting commitment to climate action.
The UN Private Sector Forum is organised by the UN Global Compact in close cooperation with the World Bank Group and with the support of the following partners: United Nations Environment Programme (UNEP), United Nations Framework Convention on Climate Change (UNFCCC), United Nations Development Programme (UNDP), the United Nations Department of Economic and Social Affairs (DESA), United Nations International Strategy for Disaster Reduction (UNISDR), United Nations Human Settlements Programme (UN-HABITAT), the World Meteorological Organisation (WMO), International Renewable Energy Agency (IRENA), Sustainable Energy For All initiative (SE4ALL). The UN Foundation is a special contributor to this year's UN Private Sector Forum.
UN Private Sector Forum Press Conference (10:30-11:00, Room S-237):
A press conference featuring the outcomes of the PSF included new commitments from companies and investors on carbon pricing. Open to all media and webcast.
UN Secretary-General’s Press Conference (11:30am, Conference Room 4):
The UN Secretary-General’s press conference, scheduled for 11:30 in Conference Room 4, showcased major announcements and outcomes of the Climate Summit, and included H.E. Mr. Jim Yong Kim, President, World Bank Group. Open to all media and webcast.