Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
No Result
View All Result
Home Economy & Politics

UN General Assembly Plenary Reaffirms UN Global Compact Mandate

Newsroom by Newsroom
01/23/2025
in Economy & Politics
UN-Global- Compact (1)
Share on FacebookShare on Twitter

The resolution supports the work of the UN Global Compact to mobilize the Private Sector Engagement in advancing the Sustainable Development Goals

You might also like

Apple Unveils Environmental Breakthrough, Surpassing 60% Reduction in Global Greenhouse Gas Emissions

Republic of Poland Offers Ascend Elements Up to USD $320 Million to Support Construction of Lithium-ion Battery Materials Plant in Poland

Swift Current Energy Announces Energization of Landmark 800 MW Solar Facility in Illinois with American-Made Equipment

Today, the United Nations General Assembly Plenary unanimously adopted a resolution reaffirming its support for the UN Global Compact’s mandate to engage the private sector in advancing the Sustainable Development Goals.

The UN General Assembly resolution Towards Global Partnerships: A principle-based approach to enhanced cooperation between the United Nations and all relevant partners highlights “the vital role that the Global Compact Office continues to play with regard to strengthening the capacity of the United Nations to partner strategically with the private sector.”

The resolution reflects the broad support of all governments for the work of the UN Global Compact. The UN General Assembly recognized the value of key UN Global Compact initiatives, including the annual United Nations Private Sector Forum, the Leaders Summit, the Global Africa Business Initiative, and the Africa Business Leaders Coalition.

The resolution emphasizes the critical role of governments in promoting responsible business practices and acknowledges the significant contribution of the private sector to sustainable development. It encourages the UN system to adopt a more coherent approach when engaging private sector entities, including micro, small, and medium-sized enterprises (MSMEs), that align with the United Nations’ core values and commit to the Ten Principles of the UN Global Compact.

Furthermore, the resolution highlights the important work of the Global Compact Country Networks in supporting the local implementation of the 2030 Agenda and their collaboration with UN Country Teams and national development plans. It also endorses key initiatives such as the UN Global Compact Strategy 2024–2025, the UN Global Compact Africa Strategy 2024–2025, and the sustainable supply chain and MSME programme.

The resolution commends the efforts of the UN Global Compact to engage Member States through platforms such as the UN Global Compact Government Group and the Group of Friends. These channels are recognized as vital for advancing corporate sustainability, responsible business practices, and public-private partnerships for achieving the 2030 Agenda. Member States are encouraged to deepen their engagement with the Global Compact through these avenues.

Looking ahead, the resolution anticipates the 25th anniversary of the UN Global Compact mandate in 2025 and acknowledges the exponential growth of its participant base, reflecting heightened private sector interest in advancing the Sustainable Development Goals (SDGs).

In addition, the resolution underscores the importance of gender equality, urging the Global Compact to promote the Women’s Empowerment Principles and encouraging Global Compact Country Networks to raise awareness about the ways businesses can foster gender equality in the workplace, marketplace, and community.

During the session, Member States welcomed the adoption of the resolution, reaffirming their commitment to the principles and initiatives of the UN Global Compact.

UN Global Compact CEO & Executive Director Sanda Ojiambo expressed gratitude to the Member States for reaffirming their continued support for the UN Global Compact. “We deeply appreciate the trust placed in us to foster meaningful partnerships and promote responsible business practices globally. As we approach our 25th anniversary, we remain steadfast in our commitment to grow our global footprint and strengthen collaboration with the private sector to accelerate the implementation of the 2030 Agenda.” 

The progress of these initiatives will be reviewed at the 82nd session of the General Assembly in 2027.

Related

Share30Tweet19
Newsroom

Newsroom

Money In Focus Editor - Your daily chanel about economics, business and politics for better decision making.

Recommended For You

Apple Unveils Environmental Breakthrough, Surpassing 60% Reduction in Global Greenhouse Gas Emissions

by Newsroom
05/07/2025
Apple Unveils Environmental Breakthrough, Surpassing 60% Reduction in Global Greenhouse Gas Emissions

Apple announced that it has surpassed a 60 percent reduction in its global greenhouse gas emissions compared to 2015 levels, as part of Apple's 2030 plan to achieve...

Read moreDetails

Republic of Poland Offers Ascend Elements Up to USD $320 Million to Support Construction of Lithium-ion Battery Materials Plant in Poland

by Newsroom
05/07/2025
Republic of Poland Offers Ascend Elements Up to USD $320 Million to Support Construction of Lithium-ion Battery Materials Plant in Poland

The Ministry of Economic Development and Technology in Poland today offered Ascend Elements up to USD $320 million to support construction of a sustainable precursor cathode active material (pCAM) manufacturing facility in Poland. pCAM is...

Read moreDetails

Swift Current Energy Announces Energization of Landmark 800 MW Solar Facility in Illinois with American-Made Equipment

by Newsroom
05/01/2025
Swift Current Energy Announces Energization of Landmark 800 MW Solar Facility in Illinois with American-Made Equipment

 Swift Current Energy (Swift Current) today announced that its landmark 800 MWdc (593 MWac) Double Black Diamond Solar project is now operating. The new solar facility, located 30 miles...

Read moreDetails

MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event 

by Newsroom
05/01/2025
MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event 

MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has unveiled a $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and ecosystem growth over the next five years....

Read moreDetails

Azamara Cruises Unveils Immersive Cruisetours for an Unforgettable 2026 Alaska Season

by Newsroom
04/25/2025
Azamara Cruises Unveils Immersive Cruisetours for an Unforgettable 2026 Alaska Season

Azamara Cruises, the small-ship line known for its signature Destination Immersion experiences and Extended Destination Days, is making a bold return to Alaska's wilderness in summer 2026 with the debut of...

Read moreDetails
Next Post
CVS Health Foundation grants $4 million as part of its new healthy aging initiative

CVS Health Foundation grants $4 million as part of its new healthy aging initiative

WE Fashion Restyles its Operations with Oracle Cloud

WE Fashion Restyles its Operations with Oracle Cloud

Siemens Energy achieves all goals in 2024 and sets new targets for 2028

Siemens Energy achieves all goals in 2024 and sets new targets for 2028

Related News

Private-Companies-in-America (1)

Growth Natives Earns a Spot on Inc. 5000’s 2024 List of Fastest-Growing Private Companies in America  

08/31/2024
GRCup_CoTA_Hero (1)

Toyota Gazoo Racing North America Unveils 2025 GR Cup Series Schedule

08/19/2024
maserati-mcxtrema-experience

Maserati MCXtrema Lands in North America: First Customer Delivery at Laguna Seca During Monterey Car Week 2024

08/18/2024

Browse by Category

  • Arts & Entertainment
  • Autos
  • Business
  • Economy & Politics
  • Education
  • Foods & Drinks
  • Health & Lifestyle
  • Science & Tech
  • Sem categoria
  • Sports
  • Tourism
  • Weather
Logo Money in Focus
Instagram Linkedin Facebook X-twitter Pinterest Youtube Tiktok
  • ABOUT
  • CONTACT
  • DISCLAIMER
  • PRIVACY POLICY
  • TERMS AND CONDITIONS

© 2024 Money in Focus – All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports

© 2024 Money in Focus - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?