Topic 1 UN Global Compact

The United Nations Global Compact is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to undertake steps to support UN Goals.
As a voluntary initiative, the UN Global Compact seeks wide participation from a diverse group of businesses.

As a participant of the UN Global Compact, a company:

  • Sets in motion changes to business operations so that the UN Global Compact and its Ten Principles become part of strategy, culture and day-to-day operations;
  • Is expected to publicly advocate the UN Global Compact and its principles via communications vehicles such as press releases, speeches, etc; and
  • Is required to communicate with their stakeholders on an annual basis about progress in:
    • Implementing the Ten Principles and
    • Efforts to support societal priorities.
  • CSR starts with a company’s value system and a principles-based approach to doing business.
  • This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.
  • Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another.
  • By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.
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