UN Global Compact is the world’s largest corporate sustainability initiative for corporate leaders, academic institutions and NGOs in the world, who are committed to operate responsibly by embedding the UN Global Compact 10 principles deep into strategies and take actions that advance Sustainable Development Goals (SDG`s). The UN Global Compact has more than 9,500 companies and 3,000 organisations based in over 160 countries and more than 70 local networks across the world.
In 2017, Tanzania was ranked number 137 out of 189 on the list of countries for ease of doing business and 103 out of 180 on the Corruption Perception Index, accordingly Transparency International. Despite a strong political focus on private sector development, the Tanzanian business climate is generally not perceived as being very conducive. One of the challenges has been within the realms of transparency where businesses do not articulate compliance with national and international social, environmental and ethical standards. Some examples are the legal framework for investment, that has shown to be complex and out dated, and land allocation and dispute settlement being complex and have hindered private investment and regulations on foreign investment are in need of clarification.
The project is expected to contribute to the following results through supporting the establishment of a UN Global Compact Local Network in Tanzania;
- Multi Sectoral platforms will be established where meetings between businesses, civil society, UN Agencies, development partners and government are held. It will be a platform for dialogue on issues related to businesses, the Sustainable Development Goals (SDGs) and corporate sustainability.
- The project engages with the Government of Tanania to ensure an enabling environment for the implementation of corporate sustainability of companies.
- Businesses will increasingly understand, follow and report on the 10 UN Global Compact principles as well as taking opportunities under the SDGs. Awareness will be increased on the SDGs so that businesses will better understand how they can link their activities to the goals and monitor the impact.
Emmanuel C. Nnko, UNGC Network Coordinator
email@example.com or +255 767 800 192
Find out more about this project by downloading this project fact sheet.