United Nations, New York, Sept. 19, 2022 (GLOBE NEWSWIRE) — At the start of the high-level opening week of the 77th United Nations General Assembly, representatives from UN member states and development agencies joined CEOs and CFOs from UN Global Compact Companies participating in this year’s Private Sector Forum (PSF) will call for increased investment in renewable energy to achieve a step change in climate and energy security, while enabling progress on many of the world’s economic and social priorities. Sustainable Development Goals (SDGs). This follows the publication of the UN Secretary-General’s Five-Point Energy Plan, which seeks to triple private and public investment in renewable energy to at least $4 trillion annually.
Speaking at the event, Sanda Ojiambo, Assistant Secretary-General; Executive Director and CEO of the United Nations Global Compact said: “Businesses must increase public-private partnerships to start the transition to renewable energy . They must promote fair and sustainable energy solutions that support the needs of the world’s most vulnerable people and ecosystems. And the business community must scale up corporate investment in renewable energy, both in rich countries and in developing economies.”
Earlier this month, the UN Global Compact Think Lab for a Just Transition released new guidance to ensure that this transition to a green economy is fair and inclusive, outlining seven specific actions to engage in effective social dialogue, create decent, green jobs and ensuring that not one is left behind. This complements the work of the SDG Ambition Accelerator, a 6-month program open for applications until 30 September, which empowers companies to develop and promote strategies that help advance the SDGs.
A new Business and Human Rights Accelerator was also announced during the PSF. This six-month program is designed to help companies understand when, where and how they negatively impact human rights, while making it clear how to prioritize the most important issues for action.
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About the United Nations Global Compact
As a special initiative of the UN Secretary-General, the UN Global Compact calls on companies everywhere to align their operations and strategies with the Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by supporting the Ten Principles and realizing the Sustainable Development Goals through responsible companies and ecosystems that enable change. With more than 15,000 companies and 3,000 non-business signatories based in more than 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative — a Global Compact that unites business for a better world.
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