329-42 Enabling Economies of Peace – Public Policy for Conflict-Sensitive Business (Second Edition)

Summary

The findings and conclusions presented in Enabling Economies of Peace, which was first published in April 2005, summarize several years of pioneering work in this area. They remain relevant today, as the scourge of conflict continues to ravage countries around the globe. But there have been important developments. A number of practical approaches, such as the Voluntary Principles on Security and Human Rights and the Extractive Industry Transparency Initiative (EITI), have matured in recent years and a renewed focus on how the private sector can make a positive contribution to peace may help these voluntary instruments achieve greater impact. Moreover, as the UN Global Compact has gone global–with now over 6,500 participants supported by 90 country networks–opportunities for making a difference on the ground have multiplied. Finally, new actors, especially investors, have entered the new state, willing to give further momentum to this agenda, as they have begun paying more attention to the materiality of environmental and social risks to long-term performance.

Thumbnail image for The findings and conclusions presented in Enabling Economies of Peace, which was first published in April 2005, summarize several years of pioneering work in this area. They remain relevant today, as the scourge of conflict continues to ravage countries around the globe. But there have been important developments. A number of practical approaches, such as the Voluntary Principles on Security and Human Rights and the Extractive Industry Transparency Initiative (EITI), have matured in recent years and a renewed focus on how the private sector can make a positive contribution to peace may help these voluntary instruments achieve greater impact. Moreover, as the UN Global Compact has gone global–with now over 6,500 participants supported by 90 country networks–opportunities for making a difference on the ground have multiplied. Finally, new actors, especially investors, have entered the new state, willing to give further momentum to this agenda, as they have begun paying more attention to the materiality of environmental and social risks to long-term performance.

Issuer

United Nations Global Compact (UNGC)

Year

2009

Region

International

Issuer (type)

United Nations Global Compact Office (International)

Policy Type

Other sustainability policy

Geographical scope

International

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Other

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Agriculture, Forestry, Fishing & Hunting
Education

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals