Wrapping up the last day of the UN Global Compact (UNGC) Leaders Summit on Friday, the UNGC's Executive Director Georg Kell urged business leaders to set the example and inspire others to engage in development activities. 'The importance of setting examples is so critical for the Global Compact, because leadership means moving ahead by demonstrating what is possible and then upholding it, so that others feel motivated to aspire to the same level,' said Kell at a press conference on the sidelines of the summit held in New York. Out of the UNGC's 6,000 corporate participants, 50 percent are engaged in development activities, Kell told reporters. However, he noted that 'few are really going the extra mile to dedicate specific solution concepts and search capacities, in order to find practical solutions in these critical areas of energy and sustainable development.' Kell welcomed the announcement of a new strategic partnership between energy company Eni and Columbia University's Earth Institute, dedicated to promoting sustainable development in Africa. 'This is exactly the type of partnership that the Global Compact hopes to inspire,' said Kell as he congratulated CEO of Eni Paolo Scaroni and Earth Institute Director Jeffrey Sachs, on their collaborative effort. 'We know through sustainable business activities, where the development dimension is explicitly part of strategic and operational thinking, that leads to sustained activities,' said Kell. Launched by the United Nations in 2000, the Global Compact outlines 10 principles that aim to foster the role of business in creating more sustainable and inclusive markets around the world. The two-day UN Global Compact Leaders Summit began on Thursday and marks the 10th anniversary of the UNGC. 