What are the ten principles under Global Compact?
A business supporting Global Compact should:
- Support and respect the protection of internationally proclaimed human rights
- Make sure that they are not complicit in human rights abuses
- Uphold the freedom of association and the right to collective bargaining
- Uphold the elimination of all forms of forced and compulsory labour
- Uphold the effective abolition of child labour
- Uphold the elimination of discrimination in employment and occupation
- Support a precautionary approach to environmental challenges
- Undertake initiatives to promote environmental responsibility
- Encourage the development and diffusion of environmentally friendly technologies
- Businesses should work against corruption in all its forms, including extortion and bribery
More on UN Global Compact
- Global Compact is the world's largest voluntary initiative for corporate citizenship within CSR.
- Around 9000 companies and 135 organisations have signed the UN Global Compact. The goal is for UN to 20.000 supporting companies and organisations in the year 2020.
- Approximately 2000 companies have been deleted from the lists of Global Compacts due to the lack of an annual report.
- The core of the Global Compact is ten underlying principles based on international legislation regarding human rights and workers rights as well as environmental protection and anti corruption.
- The purpose is that companies voluntarily can contribute to the solution of the world’s social and environmental challenges.
- It is free to support Global Compact, but businesses are invited to provide donations. Global Compact makes a number of tools available for the companies supporting the initiative.
Link to UN Global Compact (http://www.unglobalcompact.org/)