BAN CALLS ON PRIVATE SECTORS IN US, CHINA SECTOR TO HELP ACHIEVE SUSTAINABLE DEVELOPMENT

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From: UNNews <UNNews@un.org>
Date: 12 Jun 2013 18:00:00 -0400
Subject: BAN CALLS ON PRIVATE SECTORS IN US, CHINA SECTOR TO HELP
ACHIEVE SUSTAINABLE DEVELOPMENT
To: news11@ny-mail-p-lb-028.ptc.un.org

BAN CALLS ON PRIVATE SECTORS IN US, CHINA SECTOR TO HELP ACHIEVE
SUSTAINABLE DEVELOPMENTNew York, Jun 12 2013 6:00PMSecretary-General
Ban Ki-moon today appealed to Chinese and United States-based
companies to boost their efforts to achieve sustainable development
and prosperity through partnerships, stressing their impact in
developing countries.

"US and Chinese companies can and must ensure that business activity
is sustainable and responsible – that it upholds the highest standards
of business ethics," Mr. Ban
<"http://www.un.org/sg/statements/index.asp?nid=6896">said at the Hong
Kong-US Business Council Dialogue in New York.

"I am convinced that principles and profits can go hand-in-hand.
Business success requires delivering long-term value – not just
financially, but also socially, environmentally and ethically."

Mr. Ban underlined that Governments alone cannot tackle global
development challenges but instead need partnerships with the private
sector to make a significant impact. He added that the contribution
from the private sector will be even more vital to mobilize the
resources, technology and innovation required to achieve as the
deadline for the Millennium Development Goals (MDGs) approaches and
the post-2015 agenda is set in place.

"Today, our challenge remains clear and urgent: cut greenhouse gas
emissions; increase efficiency, rely more on clean energy and provide
sustainable energy for all; and reach a global legal climate agreement
by 2015," Mr. Ban said.

He commended US and Chinese companies that have committed to the
principles set by the UN Global Compact, and urged them to ensure that
they "uphold responsible practices in their strategies, in their
supply chains, and in the communities where they operate. Their
presence can make a tremendous difference."

Each company that signs on with the UN Global Compact agrees to
embrace, support and enact, within their sphere of influence, a set of
10 principles in the areas of human rights, labour standards, the
environment and anti-corruption.

Mr. Ban pointed to China's strong presence in Africa as "an enormous
opportunity for growth on the continent," and called on investors to
use their collective influence to help spread commitment for
sustainable change.

In particular, he said tackling climate change must be a priority for
the private sector, and encouraged US and Chinese companies to engage
in the Caring for Climate initiative for business, through which
companies can put forward innovations on energy efficiency, renewable
energy and finance.

"There should be no more denial, no more deferring action, no more
avoiding the tough decisions, no more hoping that a technological
silver bullet will save us," Mr. Ban said. "The private sector will
have a central role to play in unlocking clean energy investments."Jun
12 2013 6:00PM
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