The United Nations Global Compact Network has presented a two-year proposed road map for effective business sector contributions for sustainable development in Africa.
A statement by the Executive Director of the Network in Nigeria Ms Naomi Nwokolo, quoted the Assistant Secretary-General and Chief Executive Officer of the group, Ms Sanda Ojiambo, as saying this on Wednesday.
Ojiambo, represented by Flora Mutahi, a board member of the group, said that African leaders needed to deal with the root causes of the challenges of the continent especially as it concerned business development.
She said the UN Global Compact Africa Strategy (2021-2023), was aimed at galvanising large and small businesses across Africa.
This, she said, will uphold the Global Compact’s Ten Principles for responsible business practices, while emphasising the need for urgent action to drive inclusive, sustainable, and resilient growth in Africa.
“The UN Global Compact is working to secure the commitment of Nigeria’s private sector leaders to the implementation of Africa’s strategy.
“It will also provide a platform for participants to strengthen partnerships, develop opportunities for collaboration and advance their commitments,” she said.
A discussion panel, themed: “The Private Sector: The Exigency of its Collaboration to the Sustainability of Africa,” was held.
Prominent industry leaders including Amy Jadesimi, CEO, Lagos Deep Offshore Logistics Base (LADOL), and Amina Oyagbola, Founder, Women in Successful Careers (WISCAR), were among the panellists.
Other panellists were Temi Popoola, CEO of Nigerian Exchange Limited; and Alfred Olajide, Vice President & General Manager, Nigeria Operations, The Coca-Cola Company.
The UN Global Compact is guided by the 17 Sustainable Development Goals (SDGs), and supports companies and stakeholders in understanding what responsible business means within a global and local context.
The breakfast roundtable served as a precursor to the launch of the UN Global Compact’s Africa Regional Hub, yesterday in Abuja. The group is one of the 71 local networks of the UN Global Compact.
The idea would serve as a backbone for implementing the ambitions of the Africa Strategy and increasing the Global Compact’s footprint and impact across the continent.
It is guided by the 17 Sustainable Development Goals (SDGs), and supports companies and stakeholders in understanding what responsible business means within a global and local context.
The network also provides guidance to translate sustainability commitments into action.
The UN Global Compact Network Nigeria stimulates and facilitates the creation of local connections and serves as a catalyst to companies and stakeholders in achieving Agenda 2030. (NAN)