UNSG meets UN Global Compact (UNGC) Network members

UN Secretary-General Mr Ban Ki-moon meets Union Minister at the President Office U Soe Thane and UN Global Compact (UNGC) Network members.
UN Secretary-General Mr Ban Ki-moon meets Union Minister at the President Office U Soe Thane and UN Global Compact (UNGC) Network members.

UN Secretary-General Mr Ban Ki-moon met with members of the UN Global Compact (UNGC) Network, Myanmar in Nay Pyi Taw on Thursday.
Union Minister at the President Office U Soe Thane delivered the welcoming remarks.
The Secretary-General made an address outlining the importance of promoting responsible business in Myanmar, as it undertakes significant political, economic and social reforms. He highlighted the dramatic changes that have taken place in the country since his last visit two and half years ago. He welcomed the changes that the government has undertaken. He encouraged the members to further promote socially responsible practices in the country.
Before handing the Progress Report of the UNGC Network, Myanmar to the Secretary-General, Professor Dr Aung Tun Thet, President’s Economic Advisor and Chair of the Local Network outlined the significant achievements made since the last visit of the UNSG in May 2012.
Then 15 local companies submitted their applications to join the UNGC to Mr Ban Ki-moon. At present there are almost 120 companies who are now members. To further promote responsible business and investment in Myanmar, companies are encouraged to devote at least 1-5% of annual net profit towards Corporate Social Responsibility (CSR) activities. It is the only ASEAN country which has done so. It also requests them to join the UNGC, making it the only country in the world which taken such a step. It is the UNGC ten principles on responsible business conduct and anti-corruption. All these activities are in line with the government’s aspirations to promote responsible business to achieve inclusive and sustainable economic and social development.
Professor Dr Aung Tun Thet said Myanmar promised the UNSG and Union Minister U Soe Thane to achieve the goal of having at least 1,000 companies joining the UNGC by the end of 2014. He then handed over the progress report to the UNSG. Later, all the members of UNGC Network, Myanmar introduced themselves to the UNSG and the Union minister.

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