The potential for economic growth and inclusion in Africa is at an all time high – with private sector investments and operations providing the backbone for long- term growth, prosperity and opportunity. But investment and business activity must be sustainable – bringing value not just financially, but also in social, environmental and ethical terms. The Global Compact is placing an emphasis on scaling responsible business and partnerships for sustainable development throughout the continent. The following outlines key activities and events.
To respond to changing global economic trends and to better connect with the growing private sector in Africa, the Global Compact has placed a special focus on a long-term strategy for growth and engagement in Sub-Saharan Africa.
Released in June 2014, Partners in Change: UN Global Compact Advancing Corporate Sustainability in Africa (the Africa Strategy) will serve as the overarching plan of action to emphasize the Global Compact's value proposition in the region. Aligned with the Global Compact’s overall 2014-2016 strategy, the Africa strategy focuses on:
Provides the first benchmark for the state of responsible business on the continent. Developed jointly by the Global Compact and the Financial Times - This is Africa, the report is based on a comprehensive, region-wide assessment of sustainable business practice – covering international companies with operations in the region, as well as local and regional companies. The annual reports of over 1,000 companies operating in Africa inform the Barometer. View full Barometer online. Download the Barometer (pdf).
The CEO Study on Sustainability is the largest study of its kind ever conducted, with insights from more than 1,000 CEOs across 103 countries and 27 industries. Intended as a companion piece, the regional report highlights contributions from more than 50 CEOs from Africa and provides an in-depth perspective on the views of business leaders in a region critical to the development of a more sustainable global economy. Download.
Over two days of joint programming, the Global Compact XII Annual Local Network Forum (ALNF) and UN System Private Sector Focal Points Meeting (PSFP) will provide a forum for business, Global Compact Local Networks, UN organizations and other stakeholders to share lessons learned and explore effective ways to enhance their capacity to engage in activities and partnerships that advance sustainable development priorities with a special focus on Africa.
The XII ALNF sessions will convene Global Compact Local Networks from around the world to discuss key governance issues, explore ways to collaborate, and develop strategies for implementing the Global Compact principles and advancing the post-2015 development agenda.
Organized by the UN Global Compact, UNECA, Office for the Coordination of Humanitarian Affairs (OCHA), United Nations Development Programme (UNDP) and the World Intellectual Property Organization (WIPO), the PSFP sessions will focus on innovative approaches to job creation and inclusive growth, cultivating relationships with SMEs and local-level subsidiaries and partnerships to implement the post-2015 development agenda.