Former President Bill Clinton formed the Initiative because he was frustrated about going to many global summits without anything being done. So Clinton demands a pledge from every conference attendee. The pledge has to be a new program to help the poor or the environment.
From this Reuters story, writer Edith Honan tells us of some of the pledges made this year.
Clinton spent much of Sunday's session heaping praise on companies' socially responsible practices. Walmart, which has made extensive investments in solar energy at its U.S. stores, and Procter & Gamble, which has pledged to save a child every hour by providing safe drinking water, were lauded for their efforts.
In keeping with this year's theme, "Designing for Impact," participants will discuss ways to provide safe and reliable energy, boost sustainable tourism, promote a greater role for women in society, and guarantee access to food in the face of extreme weather conditions as a result of climate change.
Since the initiative began, more than 2,000 pledges have been made, valued at more than $69 billion, and they have improved the lives of more than 400 million people in 180 countries, Clinton said.
At this year's summit, businessman and philanthropist Tom Golisano pledged $12 million to expand the Special Olympics' health-related services to people with intellectual disabilities.
In the Democratic Republic of the Congo, Suntech Power Holdings Company Limited and the GlobalECHO Foundation have teamed up to install solar panels at the Panzi Hospital - a pioneering facility that treats victims of sexual violence.