LONGi joins UN Global Compact “Forward Faster” initiative to accelerate private sector action and achieve SDGs

left: Zhenguo Li, Founder and President of LONGi
left: Zhenguo Li, Founder and President of LONGi

The world’s leading solar technology company, LONGi Green Energy Technology Co. Ltd. (LONGi), has joined the new “Forward Faster” initiative at the UN Private Sector Forum during the SDG Summit 2023 in New York. This new global movement aims to accelerate private sector action at the pace and scale needed to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda. The Forward Faster initiative focuses on five action areas: gender equality, climate action, living wage, water resilience, and finance & investment.

LONGi has committed to three detailed targets in two action areas:

Gender Equality 

  • Equal representation, participation and leadership across all levels of management by 2030. 
  • Equal pay for work of equal value by 2030. 

Climate Action 

  • Contribute to a just transition by taking concrete steps that address the social impact of climate change mitigation and adaptation measures in partnership with stakeholders such as workers, unions, communities, and suppliers. 

Sharing his insights with other participants of the Forum, LONGi‘s founder and president Zhenguo Li explained "Renewable energy is key to achieving multiple SDGs”. He believes that the development and promotion of renewable energy technologies would not only provide power for a clean energy transition and reduce carbon emissions, but also promote socio-economic growth, create job opportunities, enhance energy security, improve health and education levels. 

Zhenguo Li went on to say, “Increased investment and the promotion of renewable energy technologies can provide viable solutions to the SDGs, while creating a more sustainable future for global social, economic, and environmental challenges”. 

Only 15 % of the Sustainable Development Goal targets are on track  

The UN Global Compact “Forward Faster” initiative calls on business leaders everywhere to take measurable, credible and ambitious action. It focuses on areas that have the power to accelerate progress across all 17 SDGs where the private sector can collectively make the greatest and fastest impact by 2030. 

The SDG Progress Report, released earlier this year by UN Secretary-General António Guterres, showed that only 15 % of the Sustainable Development Goal targets are on track. The progress for 48 % of the targets is weak, and it is inadequate, stagnating or even declining for 37 %. 

Since 2008, the annual Private Sector Forum (PSF) has gathered global leaders at the United Nations during the High-Level UN General Assembly week to address major global issues such as climate change, sustainable development and human rights. This year, the Forum was held at an interactive luncheon as part of the SDG Summit 2023. 


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