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MONTHLY BULLETIN | NOVEMBER 2024
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Key takeaways from the COP29
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The UN Global Compact, in partnership with the UN Environment Programme (UNEP) and UN Climate Change (UNFCCC), hosted the 12th Annual High-Level Meeting of the Caring for Climate initiative at COP29 in Baku on 13 November. The event brought together senior leaders from business, finance, government, civil society and the United Nations to focus on advancing climate finance commitments to meet the urgency of the global climate agenda.
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Latin American and Caribbean Companies Commit to Accelerating SDG Progress
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More than 300 business leaders, Government representatives and regional stakeholders gathered in Asunción, Paraguay, for Forward Faster Now: Accelerating Sustainable Development in Latin America and the Caribbean (LAC) to drive private-sector action on the Sustainable Development Goals. With only 17% of SDG targets on track globally, the Forward Faster initiative challenges companies to commit to bold actions in areas like gender equality, climate action, living wages, sustainable finance and water resilience. Highlighting the urgency, UN Global Compact CEO Sanda Ojiambo emphasized that aligning business strategies with the SDGs is essential for a sustainable future.
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Oceans 20 Communiqué
and its impact
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As one of six co-conveners, the UN Global Compact released the inaugural Oceans 20 (O20) Communiqué, "Driving Economic Prosperity, Climate Action, and Security through Ocean Stewardship," urging G20 leaders to prioritize the ocean in climate, development and trade agendas. Representing a historic step in integrating ocean stewardship into G20 discussions, the Communiqué outlines six actionable recommendations across ten themes, including advancing a sustainable ocean economy, marine conservation, food security and increased ocean finance.
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Sri Lanka advances decarbonization efforts with SBTi Forum
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On 7 November, Global Compact Network Sri Lanka, in collaboration with UN Development Programme (UNDP) Sri Lanka, hosted an SBTi Forum to advance the nation’s decarbonization goals. The forum included a panel discussion, technical session and local case study presentations. Key takeaways emphasized the need for public transparency in greenhouse gas reduction disclosures, corporate commitments to science-based targets (SBTs) and strengthened decarbonization across supply chains through supplier engagement.
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GLOBAL SPOTLIGHT | Germany
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Exploring sustainability and polarization at Global Country Network Germany’s 2024 Annual Conference
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UN Global Compact Network Germany held its 2024 Annual Conference on 5 November in Berlin. With nearly 250 in-person participants and over 400 virtual attendees from business, Government and sustainability sectors, the main conversation centered around whether sustainability is driving polarization and how it can remain a guiding principle. The discussions highlighted that sustainability is vital for long-term economic competitiveness. Better harmonized regulations, predictable frameworks and targeted incentives were identified as essential to scaling sustainable investments.
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This annual meeting, part of the UN Convention to Combat Desertification (UNCCD), gathers representatives from governments, NGOs and experts to discuss sustainable land management practices and collaborative solutions.
Register Here »
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Leading-Edge Academy Offerings:
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1. Sustainability TrendsWatch: How can business build sustainable supply chains?
This series will empower you to confidently navigate the evolving sustainability landscape gaining the foresight needed to drive growth and positive impact within your organization and beyond.
Access for Participants » | Access for Non-participants »
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2. Creative leverage: Human rights action in business
With a context focus on Asia, this session will unveil innovative strategies for businesses to effect change within their corporate relationships, broader industry or community networks and State actors.
Access for Participants » | Access for Non-participants »
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3. Disruptive technologies
Developed by PA Consulting, this series of videos explores a range of disruptive technologies with the potential to improve companies' business practices and make a breakthrough contribution to achieving the SDGs.
Access for Participants » | Access for Non-participants »
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Have questions about the Academy and how you can implement it across your company? View our new user guide here.
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TAKE ACTION WITH THE ACCELERATORS
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Registration open now for Business & Human Rights Accelerator 2025
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The Business & Human Rights Accelerator is a six-month programme activating companies participating in the UN Global Compact across industries and regions. The objective is to help businesses swiftly move from commitment to action on human rights and labour rights through establishing an ongoing human rights due diligence process.
Participants must be affiliated with, or joining the UN Global Compact
Programme is 6 months, combining
in-person and virtual innovation camps
Closes 19 December 2025
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Registration open now for SDG Innovation Accelerator for Young People 2025
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Bridging the themes of innovation, youth and sustainability, the UN Global Compact SDG Innovation Accelerator is an opportunity for participating companies of the UN Global Compact to empower young talent within their organizations to accelerate progress towards the Global Goals.
Participants must be 35 years or younger
Programme is 9 months, combining
in-person and virtual innovation camps
Closes 31 January 2025
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Keep an eye out for the Climate Ambition Accelerator 2025
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Through Global Compact Country Networks, companies will gain access to best practices, peer-to-peer learning opportunities, practical activities, capacity building and on-demand training. The Climate Ambition Accelerator aims to scale-up credible climate action across companies of varying sizes, sectors and regions.
Participants must be affiliated with, or joining the UN Global Compact
Programme is 6 months, combining in-person and virtual innovation camps
Opens 19 February 2025
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GLOBAL COMPACT POLICY REFRESHERS
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In July UN Global Compact welcomed 304 new companies and eight new non-business stakeholders.
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Largest companies (by employee number) to join:
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- Foxconn Industrial Internet Co., Ltd., China
- Decathlon SE, France
- MLP Sağlık Hizmetleri A.Ş., Türkiye
- Krungthai Bank PCL, Thailand
- Beijing Oriental Yuhong Waterproof Technology Co., Ltd. | 北京东方雨虹防水技术股份有限公司, China
- Kingfa Sci. & Tech. Co., Ltd. | 金发科技股份有限公司, China
- Bosideng International Holdings Limited, China
- Nordex SE, Germany
- Dubai Islamic Bank, United Arab Emirates
- PT DEXIN STEEL INDONESIA, Indonesia
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ABOUT THE UN GLOBAL COMPACT
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As a unique initiative of the UN Secretary-General, the UN Global Compact calls on companies worldwide to align their operations and strategies with the Ten Principles in human rights, labor, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals. It is the world's largest corporate sustainability initiative, with over 23,000 companies and 2,971 non-business signatories, based in 167 countries and 62 Country Networks.
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