UN Global Compact Commits to Tracking and Measuring Business Impact on SDGs

New York, United States of America

(New York, 19 July 2016) – Today, leaders from business, government, UN and civil society gathered at the SDG Business Forum, to report on activities underway by the private sector in this first pivotal year of SDG implementation and to look at the role of business in catalyzing sustainable growth and development.

Co-hosted by the UN Department of Economic and Social Affairs, the UN Global Compact and the International Chamber of Commerce, with the support of the Global Business Alliance for 2030, the SDG Business Forum was held as part of the High-level Political Forum on Sustainable Development (11-20 July 2016) – an annual platform for reviewing progress and guiding global efforts on the achievement of the Sustainable Development Goals (SDGs) by 2030.

Speaking at the SDG Business Forum High-Level Luncheon, UN Secretary-General Ban-Ki moon called on companies to help jump-start the responsible business practices, innovations and partnerships needed to achieve the SDGs, telling business leaders: “We will count on you to place integrity at the heart of corporate sustainability and partnership efforts, and to embrace the Global Compact’s ten principles on human rights, labour rights, environmental protection and anti-corruption.”

Forum co-chair, Lise Kingo, Executive Director of the UN Global Compact, emphasized the critical need for transparency and standardized metrics for measuring and tracking companies’ impact on the global goals. She committed the UN Global Compact as a vehicle for helping to measure the private sector contribution to the SDGs. To this end, she announced that the UN Global Compact will be retooling its data-collection instruments in order to present relevant global data on business progress to the HLPF and other groups tracking SDG progress in the coming years.

“The need to gather data on SDG impact is clear. With over 8,000 companies of all sizes around the world, and the largest repository of data on corporate implementation of sustainability principles and practices, the UN Global Compact is in a good position to harvest SDG data,” said Kingo. “We are committed to helping measure private sector contribution to the SDGs for next year’s High Level Political Forum.”

The remarks came on the heels of Monday’s announcement of the formation of the Partnership Data for SDGs, an initiative being undertaken by the UN Global Compact, the UN Department of Economic and Social Affairs and the UN Office for Partnerships to provide a centralized framework for the UN to publish and access partnership information.