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Corporate Sponsorship at the United Nations
On January 31, U.N. Secretary General Kofi Annan called on business leaders to join in "a global compact of shared values and principles" with the U.N. Sixteen corporations have joined the U.N. Development Programme (or UNDP) to form the Global Sustainable Development Facility. According to a UNDP press release, the purpose of this initiative is to "fund investment projects to help poor countries meet social, environmental and human development needs." Each of the participating companies is paying $50,000 to the UNDP, and other corporations have plans to sponsor the project as well.
