Global Compact Network Thailand (GCNT) and its 54 members representing Thai companies have announced new strategies to achieve UN Sustainable Development Goals (SDGs) in the business sector over the next decade.
At a recent virtual annual general meeting, the companies and GCNT reinforced their commitment to support the private sector in doing business using responsible corporate practices, creating awareness and capabilities to integrate SDGs into business strategies, taking concrete action to produce tangible results and proposing new strategies through national implementation.
Suphachai Chearavanont, chief executive of Charoen Pokphand Group and chairman of GCNT, said the network’s goals are to help the private sector understand the concept of sustainable development and the importance of responsible business practices.
In this regard, members have delivered on their commitment to integrating the SDGs into business strategies within the Thai context. This action brings significant changes and upgrades corporate governance standards in business operations, he said.
GCNT focuses on four core principles: human rights, labour, environment and anti-corruption.
The business sector has learned to adapt and explore alternate means of doing business during the pandemic. Someday the coronavirus crisis will end, but sustainability will remain an essential issue for all, said Mr Suphachai.
The group has adopted five strategies, including raising awareness of the Thailand Sustainability Index, adopting market mechanisms to drive sustainability through public-private partnerships, building new leaders in line with sustainability initiatives, recognising workers as part of the SDGs and applying new technology to solve SDGs.
“I am proud to be part of this sustainable journey, which still faces challenges, but we can inspire each other,” he said. “I hope GCNT can persuade and create new partners to follow the same path of global sustainability.”