Leading Chief Executives Join Governments, United Nations and Development Agencies to Call for Increased Investment in Renewable Energy

Leading Chief Executives Join Governments, United Nations and Development Agencies to Call for Increased Investment in Renewable Energy

United Nations, New York, Sept. 19, 2022 (GLOBE NEWSWIRE) — At the start of the high-level opening week of the 77th UN General Assembly, representatives of UN member states and development agencies joined UN Global Compact CEOs and CFOs participating companies at this year’s Private Sector Forum (PSF) to call for increased investment in renewable energy to deliver incremental change in climate and energy security while enabling progress on many of the world’s economic and social priorities. Sustainable Development Goals (SDGs). This follows the publication of the UN Secretary General’s five-point energy plan, which aims to triple private and public investment in renewables to at least $4 trillion a year.

Speaking at the event, Sanda Ojiambo, Deputy Secretary General; Executive Director and CEO of the UN Global Compact said: “Businesses need to build more public-private partnerships to jump-start the transition to renewable energy. They must promote equitable and resilient energy solutions that support the needs of the world’s most vulnerable people and ecosystems. And business needs to scale up business investment in renewable energy, both in rich countries and in emerging economies.”

Earlier this month, the UN Global Compact Think Lab on a Just Transition launched new guidelines to ensure that this transition to a green economy is just and inclusive by outlining seven concrete actions for engaging in effective social dialogue, creating decent , green jobs and making sure that no one is left behind. This complements the work of the SDG Ambition Accelerator, a 6-month program open to applications until September 30 that enables companies to develop and advance strategies that help advance the SDGs.

A new Business and Human Rights Accelerator was also announced during the PSF. This six-month program is designed to help companies understand when, where and how they harm human rights, while highlighting how to prioritize the most glaring issues for action.

Notes to editors

About the United Nations Global Compact

As a special initiative of the UN Secretary-General, the United Nations Global Compact calls on companies around the world to align their activities and strategies with ten principles in the areas of human rights, labour, the environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and achieving the Sustainable Development Goals through responsible companies and ecosystems that enable change. With more than 15,000 companies and 3,000 non-corporate signatories in more than 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative — one Global Compact uniting businesses for a better world.

For more information, follow @globalcompact on social media and visit our website at unglobalcompact.org

Contact

Alexandra Gee
gee@unglobalcompact.org

CONTACT: UN Global Compact Media United Nations Global Compact (212) 907-1301 media@unglobalcompact.org

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