(New York January 17, 2006) – A multistakeholder meeting on responsible investment in weak and conflict prone states was organized today by the Global Compact Office together with the New York City Comptroller's Office and the Principles for Responsible Investment (PRI).
The event brought together over 75 participants including institutional investors and companies along with civil society and UN representatives to explore the key challenges faced by companies operating in weak or conflict-prone states. Discussions examined the implications and potential leverage for institutional investors, particularly in the context of the Global Compact and the Principles for Responsible Investment. The participants agreed that there is scope for further collaboration in this area. The UN Global Compact Office and PRI will suggest a process that will aim to create a framework for investors to engage with companies and other stakeholders in this critical area.