The world experienced over 60 armed conflicts in 2024, a “historically high” number according to scholars in the Department of Peace and Conflict Research at Uppsala University. Consequently, the risks faced by multinational companies (MNCs) operating in conflict-torn regions, especially the Middle East and North Africa, have significantly intensified. Israel’s recent airstrikes targeting Iran’s nuclear facilities are another reminder of the escalating violence and instability that are causing loss of life and threatening businesses.
In response to the increase in international crises and armed violence, the United Nations Global Compact has urged companies and investors to adopt more responsible practices in conflict-affected and high-risk areas, so as to position themselves as crucial actors in providing peace and stability.
