UN Global Compact Launches Latin America Business Coalition
CEO-led regional platform launched at the second Latin America and Caribbean Leaders Forum in Montevideo, Uruguay.
Updated on Nov. 4, 2026 in Business Strategy
The UN Global Compact convened its second Latin America and the Caribbean Leaders Forum in Montevideo, Uruguay, where it launched the Latin America Business Leaders Coalition (LBLC), a CEO-led regional platform. The Forum brought together more than 300 leaders from business, government, finance, the UN and academia.
Why it matters
The Coalition aims to enable CEOs to define shared priorities and translate collective commitments into coordinated, measurable action across the region. It also seeks to strengthen Latin America's influence in shaping global priorities.
The region counts more than 4,300 participating companies, nearly 60 per cent of them small and medium-sized enterprises, making it the UN Global Compact's second-largest region by participation. The LBLC is modeled on the Africa Business Leaders Coalition, which brings together 75 companies across 52 African countries, and the source does not disclose LBLC membership targets.
The players
UN Global Compact
The United Nations initiative that promotes responsible corporate practices and convened the Forum and the LBLC in the region.
Sanda Ojiambo
UN Assistant Secretary-General and Executive Director of the UN Global Compact, who attended the Forum.
Boston Consulting Group
The global management consulting firm that supports the UN Global Compact in convening the Latin America Business Leaders Coalition.
The details
The Forum covered responsible artificial intelligence, sustainable finance and investment, supply chain resilience, climate action, business integrity and inclusive economic growth. The UN Global Compact convened it with its eleven Country Networks in the region and its team in Ecuador, and Sanda Ojiambo, UN Assistant Secretary-General and Executive Director, attended.
Timeline
November 3, 2026: LBLC launched in Montevideo.
November 4, 2026: Second Latin America and Caribbean Leaders Forum convened in Montevideo.
2024: Inaugural regional gathering held in Paraguay.
Market Landscape
The LBLC extends the CEO-led coalition model first established by the Africa Business Leaders Coalition, which brings together 75 leading companies across 52 African countries. The move positions Latin America to build a comparable regional bloc and to strengthen its voice in global sustainability priorities.
For businesses operating in Latin America and the Caribbean, the LBLC offers a structured platform for coordinating on responsible AI, sustainable finance and supply chain resilience. Companies, especially SMEs that make up nearly 60 per cent of the region's participants, may find new networks for aligning practices with shared regional priorities.
The takeaway
Regional collaboration is becoming a practical tool for businesses seeking to act on shared priorities such as sustainable finance and climate action. Companies of any size can track how coalitions like the LBLC translate commitments into measurable results.
Further reading
For broader context on corporate coordination efforts, explore our Business Strategy coverage.
Source note: This article includes information reported by Macau Business.
