At the conclusion of the Rio+20 Corporate Sustainability Forum (June 2012), the UN Global Compact was encouraged by the Global Compact Board to conduct a strategic review of the initiative to inform its 2014-2016 strategy. The development of this strategy was performed by the management and staff of the Global Compact with support from Deloitte. The process involved consulting with and gathering input from relevant stakeholders including the Global Compact Board, Government Group, and Local Networks.
For 2014-2016, the goal is to move the initiative from incremental progress to transformational action. Aligning with, and contributing to, the UN process for setting the post-2015 development agenda is therefore at the heart of the strategy, as a key complement to, but not a substitute for, corporate respect for the ten principles.
Since 2004, the Global Compact conducted a periodic review of the initiative and its impact which resulted in the development of a three-year plan. In 2004 and 2007, Mckinsey and Company conducted an impact assessment of the UN Global Compact. In 2010, at the request of contributing Governments, the Global Compact engaged in a mid-term review of the 2008-2010 Strategy, with support from an independent consultant.
Da Woon Chung
UN Global Compact Office
chungd (at) un.org