For several years, the Global Compact Network Italy (since June 2013, Global Compact Network Italy Foundation) and the Italian Ministry of Foreign Affairs (MAE) have collaborated on the themes of corporate responsibility and sustainability. As part of this partnership, the MAE invited Prof. Marco Frey to take part, as President of the Global Compact Network Italy Foundation, in the multi-stakeholder Steering Committee involved in defining “A Foreign Policy for Sustainability”. The Steering Committee was established by the Ministry of Foreign Affairs - DG Globalization and Global Issues and is composed of representatives of: the most relevant Italian Ministries (Agriculture, Economic Development, Environment, Research and Universities, Welfare), the Inter-ministerial Committee for Human Rights, the OECD Guidelines for Multinational Enterprises Italian National Contact Point (based within the Ministry for Economic Development), Academia (e.g., the GOLDEN Network for Sustainability; the United Nations Center for Mediterranean Sustainable Solutions Network, the Bocconi University in Milan, the Tor Vergata University in Rome), the business world (the CSR Managers Network), big corporations like Enel, Eni, Ferrero, Pirelli, Telecom Italia and Terna. During the first meeting of the Steering Committee, held in Rome on February 25th, Fulvio Rossi, Sustainability Manager of Terna and member of the Board of Directors of the Global Compact Network Italy Foundation, participated on behalf of the Global Compact Network Italy Foundation. The main objectives of the meeting were to discuss the cornerstones of the “Foreign Policy for Sustainability”, organizing thematic panels to prepare an international event to be held during the current year. The four fields of interest proposed were: a) foreign policy for sustainability: an overarching agenda; b) sustainable development goals: a governance challenge shared by everyone; c) charting the course forward: cross-sector initiatives (government, business, academia); d) new business models for a sustainable (also human rights responsive) enterprise: the road ahead. The Global Compact Network Italy Foundation will be particularly involved in the last topic mentioned. The decision about the event date has been postponed, while the Steering Committee’s function as permanent forum has been underlined. The Committee will be in charge of the coordination on the one hand between different associations, academic institutions and businesses, and on the other between different public entities.