Key CEOs join governments, UN and development agencies in calling for increased investment in renewable energy

UNITED NATIONS, NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Representatives from UN Member States and development agencies joined the Chief Executive Officer and Chief Financial Officer of the UN Global Compact as the 77th UN General Assembly high-level opening week kicked off Officials together with participating companies this year private sector forum (PSF) calls for increased investment in renewable energy to achieve gradual changes in climate and energy security, while driving progress on many of the economic and social priorities of the Sustainable Development Goals (SDGs).This is after the release UN Secretary-General’s Five-Point Energy Plan The plan aims to triple private and public investment in renewable energy to at least $4 trillion a year.

Assistant Secretary-General Sundar Ojibo spoke at the event; UN Global Compact Executive Director and CEO said: “Businesses must increase public-private partnerships to initiate the renewable energy transition. They must promote equitable and resilient energy solutions solutions to support the needs of the world’s most vulnerable people and ecosystems. The business community must expand corporate investment in renewable energy, whether in rich countries or developing economies.”

Earlier this month, UN Global Compact Justice Transformational Thinking Lab publishes new guidelines Ensure that the transition to a green economy is just and inclusive by outlining seven concrete actions to engage in effective social dialogue, create decent green jobs and ensure that no one is left behind.This complements the work of the committee Sustainable Development Goals Acceleratora six-month program open to applications until September 30 that enables companies to develop and advance strategies that help advance the Sustainable Development Goals.

a new one Business and Human Rights Accelerator Also announced during PSF. The six-month program is designed to help companies understand when, where and how they adversely impact human rights, while clarifying how to prioritize the most salient issues for action.

Notes to Editors

About the United Nations Global Compact

A special initiative of the UN Secretary-General, the UN Global Compact calls on companies around the world to align their operations and strategies with ten principles in the areas of human rights, labour, the environment and anti-corruption. Our goal is to accelerate and amplify the global collective impact of business by adhering to the Ten Principles and achieving the Sustainable Development Goals through responsible companies and ecosystems that foster change. With more than 15,000 companies and 3,000 non-commercial signatories in more than 160 countries, and 69 local networks, the United Nations Global Compact is the world’s largest corporate sustainability initiative – a Global Compact uniting businesses for a better world .

For more information, follow @globalcompact on social media and visit our website at


Alexandra Gi

CONTACT: UN Global Compact Media United Nations Global Compact (212) 907-1301

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