UN Global Compact - A Strategic Update

1. UN Global Compact - A Strategic Update Reykjavik, 7 May 2008 Cecilie Hultmann, UN Global Compact

2. Agenda • Global Compact in 2008 – Facts and Figures • Strategic priorities • Recent events • New resources • Questions/discussion

3. 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)

4. 2008 Strategic Priorities • COP • Local Networks • Issues: human rights / climate / anti-corruption • Global Compact Foundation • Subsidiaries • Strategic Initiatives: PRI / PRiME

5. 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

6. COP Submitted Per Month

7. COP – Key Figures

8. Global Compact in the Nordic Region

9. Local Networks Around the World

10. 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

11. 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

12. 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.

13. 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

14. A Wealth of Resources

15. 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?

16. www.unglobalcompact.org