Trade and Development / UN Global Compact; Additional contribution to the Business for Peace initiative in 2013-2014
Development cooperation , 11.12.2013

Trade and Development / UN Global Compact; Additional contribution to the Business for Peace initiative in 2013-2014

Description

UN Global Compact (UNGC) is a global corporate leaders’ initiative, launched by UN Secretary-General, which aims at transforming the business world to operate, both in developed and developing countries, in a socially and environmentally sustainable and responsible manner. UNGC advances human rights, gender equality, good governance and environmental sustainability in the form of Corporate Social Responsibility (CSR) and partnerships between companies and the UN System. UNGC on the largest global network that advances the business commitment to CSR and sustainable development. Finland has funded the UNGC through the UN Trust Fund since 2009. UNGC's operations have significant indirect development impacts, particularly in poor developing countries and growing economies: increase in business; economic growth; increased number of jobs; business activity for human rights, women's status, good governance and environment; growth in tax and export incomes; and more partnerships between companies and the UN in order to advance sustainable development. UNGC launched the Business for Peace (B4P) initiative at the Global Compact Leaders Summit on 20 september 2013. B4P aims at engaging companies to advance peace and security and responsible business conduct in conflict/post-conflict countries and fragile states.

More information

http://www.unglobalcompact.org/Issues/conflict_prevention/index.html(Link to another website.)

Funding decision  11.12.2013

200 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Trade development
  • Gender equality
  • Participatory development/Good governance

Field of activity

  • Business support services and institutions 100%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Yhdistyneet kansakunnat

Contact

keo-20

Code for the object of funding

89853301

ID

UHA2013-006326

Modified

30.12.2014