The UN Global Compact’s Action Platform for Peace, Justice and Strong Institutions promotes business engagement on SDG 16, including through the SDG 16 Business Framework I Inspiring Transformational Governance. In order to inform the Framework and to explore the themes of peace, justice and strong institutions within a national and regional context, a series of 14 country consultations were held with representatives from business, Global Compact Local Networks, civil society, government and academia in attendance. The following synthesis of these discussions.
The UN Global Compact’s Action Platform for Peace, Justice and Strong Institutions promotes business engagement on SDG 16, including through the SDG 16 Business Framework I Inspiring Transformational Governance. In order to inform the Framework and to explore the themes of peace, justice and strong institutions within a national and regional context, a series of 14 country consultations were held with representatives from business, Global Compact Local Networks, civil society, government and academia in attendance. The following is a compilation of the reports from these workshops.
Executive Summary of the SDG 16 Business Framework: Inspiring Transformational Governance. The Framework provides companies with guidance on strengthening business culture, ethics and performance and supporting public institutions, laws and systems. It sets out the theory of transformational governance and how it is underpinned by the targets and tenets of SDG 16: peace, justice and strong institutions. It presents the what, why and, most importantly, how of transformational governance through guidance and examples for each target of SDG 16.
A new strategy that spells out our ambition to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change.
The Science Based Targets initiative (SBTi) has launched a process to develop the first science-based global standard for corporate net-zero target setting, to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050. The paper lays out the conceptual foundations for corporate net-zero target setting, including clarity on what it means for companies to reach net-zero emissions, analysis of existing net-zero target setting practices, assessment of strategies that are consistent with achieving a net-zero economy, and initial recommendations for science-based net-zero goals. The conceptual foundations discussed in the paper will be translated into detailed guidelines and criteria to be developed by the initiative as part of a continued multi-stakeholder process.
Financial institutions are the key to unlocking the system-wide change needed to reach net-zero emissions and limit global warming to 1.5°C above pre-industrial temperatures. The Science Based Targets initiative’s new framework allows financial institutions – including banks, investors, insurance companies, pension funds and others – to set science-based targets to align their lending and investment activities with the Paris Agreement.
Provides guidance on the evolving business and human rights legal landscape and the consequent legal considerations that apply to multinational companies. Today, multinational companies must navigate increasingly complex human rights obligations, identify human rights risk in supply chains through due diligence, and take steps to mitigate such risks or make public disclosures. This topic is relevant to professionals tasked with embedding sustainability and human rights considerations in their business strategy. This report was developed by Freshfields Bruckhaus Deringer LLP with input from the participants of the UN Global Compact Decent Work in Global Supply Chains Action Platform.
The Decent Work Toolkit for Sustainable Procurement will enable companies, procurement professionals and suppliers to develop a common understanding on how to advance decent work through purchasing decisions and scaling up efforts to improve lives around the globe. With a focus on trust and transparency, the Decent Work Toolkit for Sustainable Procurement is publicly available to all and contains real-life examples of buyers and suppliers jointly addressing decent work concerns in global supply chains.
Provides the first ever estimates of child labour and human trafficking in global supply chains. A significant share of child labour and human trafficking in global supply chains occurs at lower tiers, in activities such as raw material extraction and agriculture, making due diligence, visibility and traceability challenging. The report outlines several key areas in which governments and businesses can do more. It underscores the critical role of States in addressing gaps in statutory legislation, enforcement, and access to justice and in establishing a framework for responsible business conduct. For business, the report underscores the need for a comprehensive, whole-of-supply-chain approach to due diligence.
Brazilian TV news report on the Global Compact (in Portuguese), featuring comment by Jose Sergio de Azevedo, President of Petrobras.
An infographic overview of the UN Global Compact.
The WEPs video, Equality Means Business, features compelling business leaders and others from around the world who make the case for implementing the 7 Principles and the importance of realizing gender equality. Share the WEPs Video with your network or screen either the short (2.46 min) or long version (5.46 min) below.