Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 35 n°30

United Nations transforms business’ commitment to sustainability

Posted by fidest press agency su venerdì, 26 giugno 2015

Onu palaceNew York: Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact. The report concludes that the UN Global Compact, as the world’s largest corporate sustainability initiative, and the business community have had an impact on the development of sustainability over the past 15 years. Recommendations that must be implemented to accelerate progress towards a more sustainable future are also highlighted in the report.“Our assessment shows there has been a clear shift in sustainability development, but in the future the necessary transformative change will only become a reality if we are all able to speed up, scale and strengthen our efforts. It’s not sufficient that business alone is mobilizing. We must therefore offer arenas for collaboration, including for policy makers, science professionals and society at large,” says Dr Henrik O. Madsen, Group President & Chief Executive Officer at DNV GL.
“This report confirms that the tide is turning in corporate practices. Over the past 15 years, companies around the world have been awakening to their role in society and starting to make important strides to operate more responsibly and innovate for a greener, more sustainable future. But there is still a long way to go, and the UN Global Compact remains strongly committed to mobilizing business everywhere to be a force for good,” states Georg Kell, UN Global Compact Executive Director.Significant changes we have seen over the past 15 years (report findings) :Sustainability is gradually penetrating deeper into markets and sectors all around the world. Global Compact signatories are present in 156 countries, and 25% of the world’s largest companies have joined.
A deeper understanding of the complexity and interdependence of global challenges has emerged. Partnership and collaboration are the new norm. More sustainability issues – equality, climate change and corruption – are now on the corporate agenda because they impact performance. Business has become more strategic, systematic, integrated, transparent and collaborative regarding sustainability. Leading companies are ahead of regulation and drive the debate to make regulations smarter. Yet these companies are in the minority, and less progressive companies are blocking positive change.The financial sector shows positive developments – through its support for the Principles for Responsible Investment, rapid development of green bonds and Sustainable Stock Exchanges Initiative.The local Global Compact networks are very effective in engaging local businesses around the issues that are important for that particular country or region.The jury is still out on whether a sustainable and inclusive economy will be achieved. But the UN Global Compact has undoubtedly helped to change the understanding of corporate responsibility all around the world.Some companies are talking about a ‘net zero footprint’ in terms of carbon, water and waste, and some leaders have established concrete goals for reaching zero footprint levels. This is highly promising and such companies will get many followers. Leading companies are also beginning to look for ways to turn sustainability risks into new business opportunities.

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