When the Global Compact was launched in Davos in 1999, it ushered in a new era in corporate social responsibility. Since then, much has been achieved in integrating internationally-agreed norms and values in business, and relations between the United Nations and the private sector have been recalibrated. We are now again at a cross-roads where we need to reassess and strengthen the tools at hand so that we together can build a truly inclusive global economy - an economy that delivers lasting benefits to people, communities and markets.
Throughout 2015, the international community will define far-reaching policy agendas for sustainable development, with the Sustainable Development Goals and a new climate change agreement at the core. Effective implementation of this shared vision of transformative, inclusive development will to a large extent depend on a responsive private sector that fully embraces sustainability as the bedrock of business practices, reporting and auditing.