The opening session was chaired by the UN Secretary General Mr Ban Ki Moon, and by the Mayor of New York Mr Michael Bloomberg. The purpose of the meeting was to raise the role of responsibility of businesses and investments connected to the necessary more sustainable and inclusive transformation of markets. The meeting also marketed the tenth anniversary of the Global Compact, held at a critical moment in the history of world economics, requiring a greater than ever level of commitment to responsibility and leadership in order to promote global integration, sustainable development, the protection of the planet and the maintaining of world peace.