Business as a Global Force for Good - What Do We Owe Each Other - Sanda Ojiambo - ASWQ V3I2 - March 2025

The United Nations Global Compact emphasizes collaboration between businesses, governments, and civil society to tackle global challenges like climate change, inequality, and sustainable development. It advocates for ethical business practices, encouraging companies to adopt decarbonization, fair wages, gender equity, and SME support. The Compact stresses the interdependence of all 17 Sustainable Development Goals (SDGs), highlighting areas like water, food systems, and the digital transition. A key message is that profit and purpose can coexist—responsible business can thrive financially while promoting social good. Education also plays a crucial role, with initiatives to modernize business education and empower future leaders. Challenges persist, especially in ESG skepticism, regulatory complexities, and ensuring small businesses are not left behind. Role models, mentorship, and inclusive representation, particularly for women in STEM, are vital. Ultimately, the Compact sees business as a global force for good—one that must continuously evolve, collaborate, and lead with purpose to ensure long-term sustainability and equity.