What are some principles of the UN Global Compact?
Principle 1: Support and respect the protection of internationally proclaimed human rights. Principle 2: Ensure that business practices are not complicit in human rights abuses. Principle 3: Uphold the freedom of association and the effective recognition of the right to collective bargaining.
What is the purpose of the UN Global Compact?
The UN Global Compact provides a universal language for corporate responsibility and provides a framework to guide all businesses regardless of size, complexity or location. We’re your guide every step of the way. We’ll help you commit to, assess, define, implement, measure and communicate your sustainability strategy.
What is the relevance of United Nations in relation to economic globalization?
Reaffirms that the United Nations has a central role to play in promoting international cooperation for development and in promoting greater policy coherence on global development issues, including in the context of globalization and interdependence; 2.
What is the genesis of the UN Global Compact?
The Global Compact was proposed in the late 1990s by UN secretary-general Kofi Annan in response to widespread concerns about the negative impact of corporate business practices on human rights, workers’ rights, and the environment.
How many principles are there in Global Compact principles?
Ten Principles
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.
When were the UN Global Compact principles announced?
The compact was announced at the January 1999 annual meeting of the World Economic Forum (WEF) and implemented the following year, on July 26, at a high-level UN meeting with the aim of promoting “good” corporate practices among the global business community through the voluntary adherence of firms to nine (later ten) …
What is the UN Global Compact for Human Rights?
The human rights principles (Principles 1 and 2) of the UN Global Compact are derived from the Universal Declaration of Human Rights. We call on companies to respect and support internationally-proclaimed human rights, and to ensure they are not complicit in human rights abuses. The UN Global Compact promotes tools…
What are the ten principles of the Global Compact?
The Ten Principles of the United Nations Global Compact 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, and the United Nations Convention Against Corruption.
What are the UN Guiding Principles on business and Human Rights?
However, the UN Guiding Principles on Business and Human Rights provide some essential elements as the global reference point for business and human rights. To learn about how to develop a human rights policy, see A Guide for Business: How to Develop a Human Rights Policy.
What is your company’s Human Rights Policy?
This is the public expression of your company’s commitment to respect internationally recognized human rights standards. Different companies may have different types of human rights policies. However, the UN Guiding Principles on Business and Human Rights provide some essential elements as the global reference point for business and human rights.