Time for the UN Global Compact to Evolve into the UN Due Diligence Mechanism? A Real Chance with the 2018 Partnership Resolution
By Felix Dodds and Gaston Ocampo Introduction This blog is to focus on the issue of the private sector, the UN Global Compact (UNGC) , and the particular companies that are members of the UNGC. It will look at their Voluntary Reports and then compare them to their profiles by the independent Corporate Human Rights Benchmarking.. This does raise some serious questions which are very relevant to the present discussion of the UN Global Partnership resolution that is being negotiated in the coming weeks at the UN General Assembly Committee 2. It has been estimated that the cost of delivering the Sustainable Development Goals (SDGs) is somewhere between $US 3-5 trillion each year. In 2017, Overseas Development Assistance (ODA) was roughly $US 171 billion. As many have said, much of the shortfall of funding will have to be addressed by the private sector. Some of this shortfall of funding will also be addressed by Private Public Partnerships (PPPs) , Multi-Stakeh...