Bogotá's Chamber of Commerce (HQ Salitre), Colombia
Colombian Local Network's VIII Annual Congress Economy and Sustainability
New York, NY, United States of America
Official Launch of UN Global Compact Action Platform for Sustainable Ocean Business
UN Headquarters, New York, NY, United States of America
UN High-Level Political Forum
With the support of business and other stakeholders, the UN Global Compact’s governance framework was adopted by then UN Secretary-General Kofi Annan on 12 August 2005, following a year-long international process co-led by Georg Kell, then Executive Director of the UN Global Compact and Professor John Ruggie, then Special Advisor to the Secretary-General. That process included studying networked governance models of other cutting-edge global action and solution networks and holding focus groups with participants and stakeholders, including governments, local networks, and academics. The resulting governance framework distributes governance functions among several entities so as to engage participants and stakeholders at the global and local levels in making decisions and giving advice on the matters of greatest importance to their role and participation in the UN Global Compact, and to reflect the initiative’s public-private and multi-stakeholder character.
Refinements have been made since 2005, including the establishment of the UN Global Compact Government Group to formalize the role of Governments.
In 2017, in line with its recently developed 2020 Global Strategy and the United Nations 2030 Agenda for Sustainable Development, the UN Global Compact undertook a year-long Governance Review, co-led by Lise Kingo, Executive Director of the UN Global Compact and Sir Mark Moody-Stuart, Vice-Chair of the UN Global Compact Board, and carried out by Carnstone Partners LLP. The 2017 Governance Review was informed by an extensive consultation process involving UN Global Compact stakeholder interviews, presentations, webinars and online engagements. 300 stakeholders were consulted in total, including Local Networks and Governments. This review led to an evolution of the UN Global Compact’s governance framework with the aim to make the Compact fit for purpose to deliver on its mandate to “mobilize a global movement of sustainable companies and stakeholder to create the world we want,” rather than a radical restructure. The updated framework is found below: