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Home » Corporate Social Responsibility (CSR) » Global Compact
Global Compact
What is the Global Compact?
The United Nations Global Compact presents a unique strategic platform for participants to advance their commitments to sustainability and corporate citizenship.

Global Compact is known in more than 130 countries and has (primo 2011) more than 8,000 participants. It is a very good place to start the CSR initiatives.

Global Compact is structured as a public–private initiative and offers a policy framework for the development, implementation and disclosure of sustainability principles and practices related to its four core areas: human rights, labour, the environment and anti-corruption. Indeed, managing the enterprise risks and opportunities related to these areas is today a widely understood aspect of long-term "value creation" — value creation that can simultaneously benefit the private sector and societies at large.

How to Participate (Business participation) and cost
The company joins by using an application form on the internet with a letter of commitment (templete is provided) and is expected to hand in an annual report.

Join here: http://www.unglobalcompact.org/HowToParticipate/How_to_Apply_Business.html

The costs of participating is USD 500 for companies with annual sales/revenues of less than USD 25 million (see price list further down).
Benefits of Participation
Participation in the Global Compact offers numerous benefits:
  • Adopting an established and globally recognized policy framework for the development, implementation, and disclosure of environmental, social and governance policies and practices.
  • A platform to share and exchange best and emerging practices to advance practical solutions and strategies to common challenges.
  • The opportunity to advance sustainability solutions in partnership with a range of stakeholders, including UN agencies, governments, civil society, labour, and other non-business interests.
  • The opportunity to link business units and subsidiaries across the value chain with Global Compact Local Networks around the world — many of these in developing and emerging markets.
  • Access to the UN's extensive knowledge of and experience with sustainability and development issues.
  • Utilizing Global Compact management tools and resources, and the opportunity to engage in specialized workstreams in the environmental, social and governance realms.
The Ten Principles
The UN Global Compact's ten principles in the areas of human rights, labour, the environment and anti-corruption enjoy universal consensus and are derived from:
  • The Universal Declaration of Human Rights
  • The International Labour Organization's Declaration on Fundamental Principles and Rights at Work
  • The Rio Declaration on Environment and Development
  • The United Nations Convention Against Corruption
The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption:
Human Rights
  • Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
  • Principle 2: make sure that they are not complicit in human rights abuses.
  • Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Principle 4: the elimination of all forms of forced and compulsory labour;
  • Principle 5: the effective abolition of child labour; and
  • Principle 6: the elimination of discrimination in respect of employment and occupation.
  • Principle 7: Businesses should support a precautionary approach to environmental challenges;
  • Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Principle 9: encourage the development and diffusion of environmentally friendly technologies.
  • Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

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