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Global Compact Leaders Summit Concludes with “New York Declaration by Business”

(New York) – The third Global Compact Leaders Summit concluded today, following its third session on the business contribution to development, moderated by Prof. Jeffrey Sachs, Director of the Earth Institute at Columbia University and Special Advisor to the UN Secretary-General on the Millennium Development Goals.

In the Summit’s closing session, Global Compact participants adopted, by acclamation, a “New York Declaration by Business”, pledging to renew their commitment to the Global Compact principles, deepen their engagement, strengthen their support for critical development goals, and increase transparency and dialogue. The Declaration furter calls on governments to “cultivate enabling environments for entrepreneurship and innovation” and to set clear regulatory signals, especially on climate change.

* New York Declaration (pdf)


Matthias Stausberg
UN Global Compact

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