Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact. The report concludes that the UN Global Compact, as the world’s largest corporate sustainability initiative, and the business community have had an impact on the development of sustainability over the past 15 years. Recommendations that must be implemented to accelerate progress towards a more sustainable future are also highlighted in the report.
“Our assessment shows there has been a clear shift in sustainability development, but in the future the necessary transformative change will only become a reality if we are all able to speed up, scale and strengthen our efforts. It's not sufficient that business alone is mobilizing. We must therefore offer arenas for collaboration, including for policy makers, science professionals and society at large,” says Dr Henrik O. Madsen, Group President & Chief Executive Officer at DNV GL.
"This report confirms that the tide is turning in corporate practices. Over the past 15 years, companies around the world have been awakening to their role in society and starting to make important strides to operate more responsibly and innovate for a greener, more sustainable future. But there is still a long way to go, and the UN Global Compact remains strongly committed to mobilizing business everywhere to be a force for good," states Georg Kell, UN Global Compact Executive Director.