UN Global Compact

UN Global Compact was launched in 1999 at the World Economic Forum in Davos, Switzerland, by Kofi Annan, the former UN Secretary-General. Business leaders were invited to join an international initiative to encourage companies worldwide to adopt sustainable and socially responsible policies. The Global Compact is a voluntary network where companies are brought together with UN agencies, labour groups and civil society.

The UN Global Compact's ten principles

The UN Global Compact challenges business to operate according to ten principles covering human rights, labour, the environment and corruption and bribery. They are derived from:

Human Rights

Businesses should:

1. Support and respect the protection of internationally proclaimed human rights; and
2. Make sure that they are not complicit in human rights abuses.

Labour Standards

Businesses should uphold:

3. the freedom of association and the effective recognition of the right to collective bargaining;
4. the elimination of all forms of forced and compulsory labour;
5. the effective abolition of child labour; and
6. the elimination of discrimination in employment and occupation.

Environment

Businesses should:

7. support a precautionary approach to environmental challenges;
8. undertake initiatives to promote environmental responsibility; and
9. encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

10. Businesses should work against corruption in all its forms, including extortion and bribery.

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