The United Nations Global Compact (UNGC ) is a UN policy initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies. With over 10,000 participants, it is the largest corporate citizenship and sustainability initiative in the world.[i] The UNGC asks companies to embrace, support, and enact, within their sphere of influence, a set of core values in the areas of human rights, labor standards, the environment, and anti-corruption. It achieves this by aligning businesses with ten core principles pertaining to human rights, labor, the environment, and anti-corruption. The UNGC seeks to ensure that business and development move forward in a globally sustainable manner that benefits societies and economies.
Goal: The UN Global Compact seeks to incorporate its core principles into business strategies and operations around the world. It aims to encourage businesses to support UN goals through collaboration and collective action.
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.
[i] United Nations Global Compact. (2013, May 29). UN Global Compact Participants. Retrieved July 03, 2013, from United Nations GLobal Compact: http://www.unglobalcompact.org/ParticipantsAndStakeholders/index.html
[ii] United Nations Global Compact. (n.d.). The Ten Principles. Retrieved July 03, 2013, from United Nations Global Compact: http://www.unglobalcompact.org/AboutTheGC/TheTenPrinciples/index.html