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MONTHLY BULLETIN | FEBRUARY 2024
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Global Compact speaks up for living wage at ILO meeting of experts
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At the February ILO meeting of experts on wage policies, including living wages, the UN Global Compact delivered a statement calling for authoritative guidance from the ILO to develop a standard definition of a living wage aligned with human rights standards, develop agreed criteria for methodologies for estimating evidence-based and transparent living wages and provide guidance to companies through a template for a living wage implementation roadmap. ILO’s support will be key in enabling and incentivizing more companies to embrace living wages as integral to decent work and economic growth and signaling policymakers to adopt living wage policies.
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Transformational Governance Corporate Toolkit now available
from Global Compact
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The UN Global Compact launched a Transformational Governance Corporate Toolkit for companies to educate employees on implementing greater accountability, integrity and transparency in business.
With a comprehensive view of internal governance and public governance institutions, the toolkit addresses key issues such as risk mitigation, global alignment and stakeholder trust.
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Listen to the newest episode of the Moving Business Forward Faster podcast
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The latest episode of the Moving Business Forward Faster podcast by the UN Global Compact features Muhsin Alrustom, Asyad Group's CFO, and Claire Baumann, Head of Sustainable Finance at the UN Global Compact, and discussing the integration of sustainable practices into large organizations.
They offer advice for companies transitioning to more responsible models and provide insight into Asyad's climate-change initiatives, such as dual-fuel engines and wind-powered shipping.
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The UN Global Compact is now on TikTok!
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Global Compact Network USA looks at corporate water stewardship
in a newly released white paper
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The Global Compact Network USA, the CEO Water Mandate and Ceres collaboratively released the white paper, "From Ripples to Waves: The Value of Corporate Water Stewardship", on 13 February. The
paper shows how the private sector can be a pivotal force capable of steering positive change within communities in the face of rapidly depleting freshwater supplies across U.S. water basins.
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UNDP, Global Compact Network Sri Lanka Renew Commitment
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In a move towards advancing sustainable development, Global Network Sri Lanka and the UN Development Programme (UNDP) in Sri Lanka recently renewed their commitment by signing their
third Memorandum of Understanding. The agreement joins their efforts in facilitating private sector participation and promoting sustainable development. The signing took place at the recent Compass 2024 programme before participant companies and key stakeholders.
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We’re delighted to sponsor the Economist Impact’s 9th Annual Sustainability Week on March 4-6 2024. Join us virtually or in-person
in London to gain insights on actionable solutions to help businesses achieve their sustainability goals. Use UNGLOBAL/C30 for 30% off the listed ticket price.
Register here »
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Unlock the power of male allyship:
driving change together to fast-track progress
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Gender equality is not a women’s issue, it’s an everyone issue. Therefore, we need everyone to speak up and take action to advance gender equality. Invite your male peers and discover the transformative power of male allyship in this session, led by our partners at Equimundo.
Register for 4am ET (New York) »
Register for 10am ET (New York) »
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Office Hours: Communication on Progress
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Business Leadership Dialogue:
Moving Forward Faster on Gender Equality
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In partnership with the Champions of Change Coalition, the UN Global Compact will host a CEO Roundtable discussing the urgent need for more ambitious targets and comprehensive action to achieve gender equality by 2030.
Request invitation »
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This Month’s Academy Offerings:
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Take Meaningful Action on International Women's Day
The Countdown to International Women’s Day on 8 March is underway, and the UN Global Compact invites companies to join its high-impact, interactive learning activities to promote action on gender equality.
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Target setting e-learning
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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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Connect in our Peer Learning Groups
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Discover a safe space to connect, share and learn with sustainability professionals across industries and sectors in the Peer Learning Groups at the UN Global Compact.
Applications are now open!
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Sign up now for the Climate Ambition Accelerator
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This six-month accelerator programme is designed to equip companies with the knowledge and skills they need to accelerate progress towards setting science-based emissions reduction targets aligned with the 1.5℃ pathway, setting them on
a path towards net-zero emissions by 2050.
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Join Forward Faster - the ambitious new initiative guiding companies on where they can make the biggest, fastest impact before 2030
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Forward Faster calls for companies to publicly declare their commitments and actions they will take to meet sustainabilty targets.
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In January, UN Global Compact welcomed 223 new companies and 14 new non-business stakeholders.
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Largest companies (by employee number) to join:
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- Assaí Atacadista, Brazil
- Samsung India Electronics Private Limited, India
- Challenge-trg Group, Inc., United Kingdom
- Syensqo, Belgium
- DI International Pte. Ltd., Bangladesh
- Coesia S.p.A, Brazil
- Ypê - Química Amparo Ltda, Italy
- KNAPP, Austria
- HEDNO S.A., Greece
- Lidl Österreich Gmbh, Austria
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ABOUT THE UN GLOBAL COMPACT
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As a special initiative of the UN Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, 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. With more than 21,000 companies and 3,202 non-business signatories based in 167 countries and 62 Local Networks, it is the world’s largest corporate sustainability initiative.
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Follow us on social media
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#TenPrinciples #UnitingBusiness
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