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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 globalization. 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
* Catalyze 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 Partnership Projects.
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:
World Fashion Week raise awareness to The 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:
•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.
Mr. George Kell
Executive Head of the United Nations Global Compact
UN Global Compact
The Unmet Need