The United Nations hopes to encourage at least 1,000 local companies and organizations to become part of the UN Global Compact Network before the end of 2014, according to the network’s local chairperson Dr Aung Tun Thet.

Representatives of the local UN network met with the UN Secretary General Ban Ki-moon recently and have just released a press release November 19 outlining their progress.

According to Dr Aung Tun Thet, the Myanmar government is promoting responsible business conduct as an integral part of private sector development under its overall reform agenda.

The local network of the United Nations Global Compact seeks to encourage responsible business conduct in Myanmar in line with the Millennium Development Goals and adhering to sustainable human, labour and environmental practices. Initially, 15 companies signed up in May 2012 and the network now has 114 local companies and organizations on its books.

The UN Global Compact in Myanmar today indicates heightened interest in corporate responsibility as the country is going through a process of political and economic reforms.

The UN Global Compact Local Network now steers a collaborative effort between the inaugural signatories, the Myanmar Chamber of Commerce and the Office of the UN Resident Coordinator in Myanmar.