UN Global Compact meets at the EU Parliament to advance corporate sustainability

In the European Parliament, the United Nations Global Compact organized a conference bringing together Members of the European Parliament, representatives of the European Commission, leading companies of the UN Global Compact as well as the Executive Directors of the UN Global Compact Local Networks across Europe for a pivotal dialogue entitled “UN Global Compact: Catalyst for EU Corporate Sustainability and Competitiveness”. Representing Ukraine at the event was Tetiana Sakharuk, the Executive Director of the UN Global Compact in Ukraine and Chair of the Regional Networks Council for Eastern Europe and Central Asia.

The meeting focused on exploring how the UN Global Compact and its Local Networks can work together with European institutions and EU member states to support companies as they work towards new regulations such as the Corporate Sustainability Due Diligence Directive (CSDDD) and the Corporate Sustainability Reporting Directive (CSRD). These regulatory initiatives seek to foster sustainable and responsible corporate behavior throughout global value chains.

The UN Global Compact, the world’s largest corporate sustainability initiative, has more than 9,000 participants headquartered in the European Union (52 per cent of which are small and medium-sized enterprises (SMEs)). It promotes a set of Ten Principles focused on human rights, labour, environment and anti-corruption to amplify global corporate impact and achieve the Sustainable Development Goals (SDGs). With its extensive network of Local Networks across the European Union, the UN Global Compact equips businesses to move from policy to impact.

“In recent years the European Union has introduced a range of regulatory initiatives which, in different ways, seek to address the impacts that businesses have on the enjoyment of human rights and the environment. The UN Global Compact possesses an immense amount of knowledge and experience, which legislators can utilize in their proposals and decision-making. We can do more together, think about workshops, training and campaigns to transfer knowledge and expertise and to create awareness.” — Samira Rafaela, Member of the European Parliament.

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