Global Compact initiated by UN Secretary-General Kofi Annan would bring companies together with UN agencies, labour and civil society to support universal environmental and social principles.
February 24, 2006 (Press Release) --
In an address to the World Economic Forum on 31 January 1999, United Nation Secretary-General Kofi Annan challenged business leaders to join an international initiative – the Global Compact – that would bring companies together with UN agencies, labour and civil society to support universal environmental and social principles. The Global Compact’s operational phase was launched at UN Headquarters in New York on 26 July 2000. Today, many hundreds of companies from all regions of the world, international labour and civil society organizations are engaged in the Global Compact, working to advance ten universal principles in the areas of human rights, labour, the environment and anti-corruption . The Global Compact is a direct initiative of the Secretary-General.
Through the power of collective action, the Global Compact seeks to promote responsible corporate citizenship so that business can be part of the solution to the challenges of globalisation. In this way, the private sector – in partnership with other social actors – can help realize the Secretary-General’s vision: a more sustainable and inclusive global economy.
The Global Compact is a purely voluntary initiative with two objectives:
Mainstream the ten principles in business activities around the world
Catalyse actions in support of UN goals
To achieve these objectives, the Global Compact offers facilitation and engagement through several mechanisms: Policy Dialogues, Learning, Country/Regional Networks, and Projects.
The Global Compact is not a regulatory instrument – it does not “ police”, enforce or measure the behavior or actions of companies. Rather, the Global Compact relies on public accountability, transparency and the enlightened self-interest of companies, labour and civil society to initiate and share substantive action in pursuing the principles upon which the Global Compact is based.
The Global Compact is a network. At its core are the Global Compact Office and six UN agencies:
Office of the High Commissioner for Human Rights
United Nations Environment Programme
International Labour Organization
United Nations Development Programme
United Nations Industrial Development Organization
United Nations Office on Drugs and Crime
The Global Compact involves all the relevant social actors: governments, who defined the principles on which the initiative is based; companies, whose actions it seeks to influence; labour, in whose hands the concrete process of global production takes place; civil society organizations, representing the wider community of stakeholders; and The United Nations, the world's only truly global political forum, as an authoritative convener and facilitator.
Why Participate
There are numerous benefits to participating in the Global Compact.
These include:
Demonstrating leadership by advancing responsible corporate citizenship.
Producing practical solutions to contemporary problems related to globalisation, sustainable development and corporate responsibility in a multi-stakeholder context.
Managing risks by taking a proactive stance on critical issues.
Leveraging the UN's global reach and convening power with governments, business, civil society and other stakeholders.
Sharing good practices and learnings.
Accessing the UN's broad knowledge in development issues.
Improving corporate/brand management, employee morale and productivity, and operational efficiencies.
Source: http://www.unglobalcompact.org
Through the power of collective action, the Global Compact seeks to promote responsible corporate citizenship so that business can be part of the solution to the challenges of globalisation. In this way, the private sector – in partnership with other social actors – can help realize the Secretary-General’s vision: a more sustainable and inclusive global economy.
The Global Compact is a purely voluntary initiative with two objectives:
Mainstream the ten principles in business activities around the world
Catalyse actions in support of UN goals
To achieve these objectives, the Global Compact offers facilitation and engagement through several mechanisms: Policy Dialogues, Learning, Country/Regional Networks, and Projects.
The Global Compact is not a regulatory instrument – it does not “ police”, enforce or measure the behavior or actions of companies. Rather, the Global Compact relies on public accountability, transparency and the enlightened self-interest of companies, labour and civil society to initiate and share substantive action in pursuing the principles upon which the Global Compact is based.
The Global Compact is a network. At its core are the Global Compact Office and six UN agencies:
Office of the High Commissioner for Human Rights
United Nations Environment Programme
International Labour Organization
United Nations Development Programme
United Nations Industrial Development Organization
United Nations Office on Drugs and Crime
The Global Compact involves all the relevant social actors: governments, who defined the principles on which the initiative is based; companies, whose actions it seeks to influence; labour, in whose hands the concrete process of global production takes place; civil society organizations, representing the wider community of stakeholders; and The United Nations, the world's only truly global political forum, as an authoritative convener and facilitator.
Why Participate
There are numerous benefits to participating in the Global Compact.
These include:
Demonstrating leadership by advancing responsible corporate citizenship.
Producing practical solutions to contemporary problems related to globalisation, sustainable development and corporate responsibility in a multi-stakeholder context.
Managing risks by taking a proactive stance on critical issues.
Leveraging the UN's global reach and convening power with governments, business, civil society and other stakeholders.
Sharing good practices and learnings.
Accessing the UN's broad knowledge in development issues.
Improving corporate/brand management, employee morale and productivity, and operational efficiencies.
Source: http://www.unglobalcompact.org
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