(12 October/New York) Speaking at the Annual Award Dinner of the United States Council for International Business (USCIB), U.N. Deputy Secretary-General Louise Fréchette encouraged business leaders to join hands with the United Nations to promote peace and development.
"Many things have to be done to build a fairer and more sustainable globalization," Mme Fréchette explained. "But one of them is to work more closely with the key agents of globalization, including business, and to encourage them to assume their responsibilities."
She further pointed out that "the private sector is needed to create jobs and wealth, to promote trade, investment and stable markets, and to develop new technologies that benefit poor people."
Referring to the Global Compact as "perhaps the most innovative example of our successful collaboration," the Deputy Secretary-General praised the support the initiative has received from the International Chamber of Commerce (ICC) and other business actors. She also called on business to engage more actively in projects that "make a real difference on the ground." Citing a variety of examples, Mme Fréchette pointed out that "partnerships involving the UN, the private sector, non-governmental organizations and foundations have ballooned, and they are having an impact that no actor could achieve working alone."