UN Global Compact
- A Strategic Update
Reykjavik, 7 May 2008
Cecilie Hultmann, UN Global Compact
Agenda
 Global Compact in 2008 – Facts and Figures
 Strategic priorities
 Recent events
 New resources
 Questions/discussion
‹#›
The GC in 2008: Facts & Figures
Over 4300 active business participants in 120+ countries
New business participants in 2007: 1119
1200+ non-business participants from civil society, labour, academia
Equal representation in developed and developing world
49 percent small and medium-size enterprises (SMEs)
147 of the Financial Times Global 500 companies (by market cap)
70+ active local networks around the world
Launches in 2007: Jordan, Vietnam, Korea, Senegal, Ivory Coast (2008: Russia)
‹#›
2008 Strategic Priorities
 COP
 Local Networks
 Issues: human rights / climate / anti-corruption
 Global Compact Foundation
 Subsidiaries
 Strategic Initiatives: PRI / PRiME
‹#›
Communication on Progress (COP)
 Focus on quantity and quality
 Improve capture rate (aim 50%)
 More than 3300 reports in our COP database
 Status of participation: non-communicating,
inactive and removed
‹#›
COP Submitted Per Month
COPs by Month
250
200
150
Notable
No
100
50
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
0
2004
2005
2006
2007
2008
‹#›
COP – Key Figures
Monthly Figures: Companies, COPs, Inactive, Delisted
400
300
200
Monthly Biz added
100
COPs monthly
Monthly Inactive
0
Monthly Removed
-100
-200
-300
-400
-500
‹#›
Dec- Jan- Feb- Mar- Apr06
07 07
07 07
M
ay07
Jun07
Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr07
07
07
07 07
07
08
08
08
08
Global Compact in the Nordic Region
Total companies
COPs not yet
required
COPs received
past 12
months
Non-com
Inactive
Capture rate
Denmark
54
31
12
2
0
N/A
Finland
11
4
5
1
1
82%
Sweden
47
13
29
3
2
89%
Iceland
2
1
1
0
0
100%
Norway
16
2
13
1
1
94%
TOTAL
130
51
60
7
4
‹#›
Local Networks Around the World
‹#›
Issue focus
 Work on all principles and issues
 Emphasis on climate, human rights and anti-corruption
 Climate Change: “Caring for Climate: A Business
Leadership Platform” towards COP15
 Human Rights: 60th anniversary of UDHR - encourage
business action on human rights
 Anti-Corruption: currently establishing working group,
with partners (PACI, TI, WBI) to produce tools and
resources
‹#›
Foundation for the Global Compact
 Foundation established in 2006 to help raise funds in support of the
work of the Global Compact
 Strategy to widen funding base of the GC (currently annual
contributions from small number of governments)
 Ambition to match public and private funding (50/50)
 Two types of contributions
 Minimum voluntary contribution
 Less than 250 employees: 100 USD
 Between 250-1000 employees: 1000 USD
 More than 5000 employees: 5000 USA
 But more if of course most welcome and appreciated!
 Earmarked project contribution
‹#›
Other strategic priorities
 Deepen collaboration with PRI and PRiME
 PRI (Principles for Responsible Investment): backed by
11 trillion dollars in assets.
 PRiME (Principles for Responsible Management
Education): more than 100 business schools around the
world endorsed the initiative.
‹#›
Recent Events & New Resources
 2008 African Private Sector Forum
 Global Compact Board Meeting
New resources:
 Practical Guide to Communication on Progress
 Embedding Human Rights in Business Practice II
 The Partnership Assessment Tool
 Inspirational Guide - Africa
 After the Signature: A Guide to Engagement
 2007 Leaders Summit DVD
‹#›
A Wealth of Resources
‹#›
Questions / Discussion
 What can New York to do improve the value of
your company’s participation? (communication,
resources, clarity on strategies etc)
 Do we focus on the right issues?
 Is the GCO sufficiently accessible?
 Do you feel you are updated on tools, resources,
events etc?
 What can we do to strengthen / support the local
network?
‹#›
www.unglobalcompact.org
‹#›
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