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

UN Global Compact - A Strategic Update

Reykjavik, 7 May 2008Cecilie Hultmann, UN Global Compact

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Agenda

Global Compact in 2008 – Facts and Figures

Strategic prioritiesRecent eventsNew resourcesQuestions/discussion

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49 percent small and medium-size enterprises (SMEs) 49 percent small and medium-size enterprises (SMEs)

The GC in 2008: Facts & Figures

Over 4300 active business participants in 120+ countries Over 4300 active business participants in 120+ countries

70+ active local networks around the world 70+ active local networks around the world

Launches in 2007: Jordan, Vietnam, Korea, Senegal, Ivory Coast (2008: Russia)

Launches in 2007: Jordan, Vietnam, Korea, Senegal, Ivory Coast (2008: Russia)

1200+ non-business participants from civil society, labour, academia 1200+ non-business participants from civil society, labour, academia

Equal representation in developed and developing world Equal representation in developed and developing world

147 of the Financial Times Global 500 companies (by market cap) 147 of the Financial Times Global 500 companies (by market cap)

New business participants in 2007: 1119New business participants in 2007: 1119

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2008 Strategic Priorities

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

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Communication on Progress (COP)

Focus on quantity and quality Improve capture rate (aim 50%)More than 3300 reports in our COP

databaseStatus of participation: non-

communicating, inactive and removed

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COP Submitted Per Month

COPs by Month

0

50

100

150

200

250

1 2 3 4 5 6 7 8 910

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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

2004 2005 2006 2007 2008

Notable

No

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COP – Key Figures

Monthly Figures: Companies, COPs, Inactive, Delisted

-500

-400

-300

-200

-100

0

100

200

300

400

Dec-06

Jan-07

Feb-07

Mar-07

Apr-07

May-07

Jun-07

Jul-07

Aug-07

Sep-07

Oct-07

Nov-07

Dec-07

Jan-08

Feb-08

Mar-08

Apr-08

Monthly Biz added

COPs monthly

Monthly Inactive

Monthly Removed

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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

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Local Networks Around the World

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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

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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 contributionLess than 250 employees: 100 USDBetween 250-1000 employees: 1000 USDMore than 5000 employees: 5000 USABut more if of course most welcome and appreciated!

Earmarked project contribution

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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.

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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

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A Wealth of Resources

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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?

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www.unglobalcompact.org