PP to the Australian Council for International Development Annual Conference
The United Nations Global Compact Australia
Australian Council ForInternational Development:ACFID Council 2012“The business response to the sustainabilitychallenge and the post-script to Rio+20” Matthew Tukaki Australian Representative to the United Nations Global Compact CEO and Executive Chairman of the Sustain Group
About The Global Compact Established more than a decade ago after recognition that business and industry does and must play a role when it comes to significant challenges Four core Principles: Anti-Corruption, the Environment, Labour and Human Rights More than 8,000 signatories globally including more than 300 Australian companies and organisations & a further 300 global corporations with operations in Australia More than 100 Local Networks around the world making it the largest corporate citizenship initiative on the planet – the 101st office was opened by the Secretary General in Burma this past April – We hope the 102nd will be Papua New Guinea Established three Leadership Groups here in Australia: Human Rights, Anti- Corruption and the Environment
The UNGC Convened the Rio+20Corporate Sustainability ForumOur core focus areas: Energy & Climate Water & Ecosystems Agriculture & Food Social Development Urbanization & Cities Economics & Finance of Sustainable Development
The objectives of Rio+20 from business1. Prove that corporate sustainability is an essential element in achieving sustainabledevelopment, and underscore the urgent need for the UN to engage the private sector asa key partner.2. demonstrate that principle-based platforms and transformative partnerships areadvancing critical issues – including sustainable energy, climate, water, food, women’sempowerment, children’s rights and good governance – with enormous potential toproduce results if greater scale is achieved.3. Highlight that there can be no sustainable development without respect for humanrights, and that, while the primary responsibility for ensuring their promotion andprotection lie with Governments, businesses have an independent responsibility torespect human rights.4. Showcase leading technological and social innovations, emphasizing that manysolutions to sustainability challenges already exist and can be more widely adopted withthe right level of support, particularly from Governments and investors.
5. demonstrate the critical influence of other stakeholders – including investors, stockexchanges, business schools and universities, and cities – in stimulating corporatesustainability. Sessions held at the Forum by these groups – for example the principlesfor responsible Investment and the principles for responsible management education –aimed to bring scale to their work.6. motivate a rising number of companies to commit to universal sustainability principlesand report on performance, as advanced by the UN Global Compact.7. mobilize a large number of commitments to action and partnerships by companiesand other stakeholders. to ensure these commitments translate into impactful actions,only those that have clear targets and commit to annual public progress reports havebeen accepted. the UN Global Compact has designed and will continue to manage thisprocess, whereby UN entities, as well as outside partners such as the World BusinessCouncil for Sustainable Development, can funnel commitments through business.un.org,the UN-Business partnership Gateway.8. Provide inspiration and encouragement to Governments to transition to a greeneconomy, and to take steps to support responsible business practices globally.
Australian business involvement More than 150 Australian businesses, organisations and individuals in attendance UNGC Australia convened panels entitled “The Business Response to the Sustainability Challenge” and “Business and Human Rights” UNGC Australia, Indonesia and Japan convened a special session on disaster recovery post significant events (the Japan Earthquake, Queensland Floods and the Boxing Day Tsunami UNGC Australia participated in a panel convened by UN Global Compact and UN Women on gender equality and the Women’s Empowerment Principles Participated in more than 40 sessions from social impact investing and the valuation of natural capital to indigenous land management and water security
Water & Ecosystems & Natural Capital1. In a special Communique titled “Make Water Sustainability a Priority”, 45 CEOs of major corporations from the CEO Water Mandate committed to broadening and deepening their development of corporate water sustainability policies and practices in areas such as: i) water-use efficiency in facilities and factories; ii) working with suppliers to improve their water- management practices; iii) developing public private partnerships at the river basin and watershed level with Governments, civil society organizations, and other stakeholders.2. 37 banks, investment funds, and insurance companies submitted a far- reaching Natural Capital Declaration aimed towards integrating natural capital considerations into their products and services.
Sustainable AgricultureThe UN Global Compact and a group of 16 leading companies and stakeholdersin the food and agriculture sector committed to champion the development ofglobal voluntary business principles on good practice and policy for sustainableagriculture. This initiative will be aimed at developing a commonunderstanding and agreement on what resources and impacts are needed fromthe global community to transform markets and agricultural supply systems.
Involving stock exchanges –responsible investment and disclosure/ supporting green economy transition1. 5 stock exchanges committed to promote long-term, sustainable investment in their markets. These leading exchanges – with over 4,600 listed companies in developed and emerging markets –committed to work with investors, companies and regulators to promote long-term sustainable investment and improved environmental, social and corporate governance disclosure and performance among companies listed on their exchange.2. 70 businesses, national Governments and international organizations endorsed the Green Industry Platform, an initiative that aims to mainstream environmental and social considerations into corporate operations through more efficient use of energy and raw materials, innovative practices and applications of new green technologies.
“Governments and nation-states are not alone in driving this transformation. At Rio, more than 1,000 corporate leaders from all continents will deliver a common message: business as usual no longer works. Many are members of the United Nations Global Compact – volunteers in a growing private-sector movement that understands that 21st-century corporate responsibility means corporate sustainability.”Secretary General Ban Ki Moon (the Korea Times 15th June 2012)