15 December 2011
UN Global Compact Conference Adopts Seoul Declaration and Action Plan
story highlights

The Global Corporate Social Responsibility Conference, the first large event on corporate sustainability in the Republic of Korea, called on governments to create incentives for greater corporate sustainability in addressing emerging global issues.

23 November 2011: The Global Corporate Social Responsibility Conference, organized by Global Compact Korea Network and KMAC, concluded with the adoption of the Seoul Declaration and Action Plan.

The conference, the first large event on corporate sustainability in the Republic of Korea, attended by over 600 business participants and other stakeholders, called on governments to create incentives for greater corporate social responsibility (CSR) in addressing emerging global issues.

Participants discussed the way corporate sustainability addresses urgent social, environmental, and governance issues. Georg Kell, Executive Director, UN Global Compact Office, noted that the conference provided some critical momentum in mobilizing business leaders in the lead up to the UN Conference on Sustainable Development (UNCSD, or Rio+20).
Participants also discussed human rights and women’s empowerment, Rio+20, renewable energy and energy security, and green consumption. The Conference ended with the adoption of a Declaration and Action Plan reaffirming that corporate leadership and responsibility are key to realizing sustainable growth and attain an inclusive world economy. Annexed to the Declaration and Action Plan are: a corporate action statement and the “Bring CSR to Young Leaders Action Plan.” [UN Global Compact Press Release] [Declaration and Action Plan]

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