(New York) – An expert consultation to explore responsible investment in high-risk operating environments, such as conflict-affected countries, was hosted by the Global Compact today. Chaired by Sir Mark Moody-Stuart, Chairman of the Foundation for the Global Compact, the event gathered more than 60 representatives of global businesses, institutional investors, asset managers, and civil society organizations.
Participants reviewed and discussed responsible practices addressing the business value chain, strategic social investment, engagement and advocacy. In addition, a draft guidance document articulating a common understanding of “ responsible” investment and “responsible” business practices in high-risk operating environments was discussed. The final guidance document will be presented at the next Global Compact Leaders Summit, to be held on 24-25 June 2010, in New York.
“The Expert Group has an important role to play in supporting the private sector and investors to better address the challenges arising from operating in conflict-affected countries,” said Sir Mark Moody-Stuart.