February 24, 2024
Forward Faster initiative to accelerate private sector action to reach the SDGs


More than 130 companies have already joined the new UN Global Compact Forward Faster initiative to accelerate private sector progress on the Sustainable Development Goals.

New York, United States, Sept. 18, 2023 (GLOBE NEWSWIRE) — United Nations Global Compact, the world’s largest corporate sustainability initiative, launched move forward faster Today to accelerate private sector action at the pace and scale needed to meet the 17 Sustainable Development Goals (SDGs) and deliver on the 2030 Agenda. move forward faster Business leaders everywhere are called on to take measurable, credible and ambitious action across five areas – gender equality, climate action, living wages, water resilience and finance and investment – ​​to accelerate progress across all SDGs. There is strength where the private sector can work collectively. Biggest, fastest impact by 2030.

The SDG progress report released earlier this year by UN Secretary-General Antonio Guterres showed that only 15 percent of the Sustainable Development Goals are on track, progress on 48 percent is weak and inadequate and progress on 37 percent has stalled. Or has it reversed. Of SDG.

Speaking about the new initiative, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, said:

“Now more than ever, companies are taking action on sustainability, but there is still not enough progress towards meeting the 2030 Agenda. Companies need to be more ambitious and turn words into action. Forward Faster is here to guide companies where they can make the biggest, fastest impact for 2030.

Companies signing up to the initiative will be asked to commit to nine goals – at least one selected goal from five work areas:

  • gender equality

    • Equal representation, participation and leadership at all levels of management by 2030.

    • Equal pay for work of equal value by 2030.

  • climate action

    • Set corporate science-based net-zero emissions reduction targets in line with the 1.5°C pathway with a goal of halving global emissions by 2030 and reaching net-zero by 2050 at the latest.

    • Contribute to just transition by taking concrete actions that address the social impacts of climate change mitigation and adaptation measures in partnership with actors such as workers, unions, communities and suppliers.

  • salary

    • 100 percent of employees across the organization will earn a livable wage by 2030.

    • Establish a joint action plan with contractors, supply chain partners and other key stakeholders to work toward achieving a living wage and/or living income with measurable and time-bound milestones.

  • water flexibility

  • finance and investment

    • Align corporate investments – to the fullest extent possible – with SDG policies and strategies, and set targets, track and report on the volume and proportion of such SDG investments.

More than 130 companies are already taking action across the five action areas, and the list of companies committed to Forward Faster is expected to grow significantly. More than 20 organizations agreed to serve as supporters across various work areas of the initiative.

to learn more about move forward faster Please visit https://forwardfaster.unglobalcompact.org/home

Notes to Editors

About UN Global Compact

As a special initiative of the UN Secretary-General, the UN Global Compact is a call on companies around the world 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 grow the global collective impact of business by upholding the Ten Principles and meeting the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies based in more than 160 countries and 3,800 non-business signatories and 62 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative – a global compact uniting business for a better world. For more information, visit our website unglobalcompact.org.

Contact: United Nations Global Compact (212) 907-1301 [email protected]

Source: www.bing.com

Leave a Reply

Your email address will not be published. Required fields are marked *