The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary agent driving globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.
Human rights have traditionally been the concern of states, and international human rights law has generally been addressed to them only. As more companies come to realize their legal, moral, and/or commercial need to address human rights issues within their own operations and activities, they are confronted with a number of challenges. Businesses will have to come to grips with the human rights framework and assess how their activities may relate to it. Moreover, companies are often uncertain how to avoid complicity in human rights abuses and where, in practical terms, the boundaries of their human rights responsibility lie. more[...]
The United Nations Global Compact – which is a Global Public Policy Network advocating ten universal principles in the areas of human rights, labour standards, environmental protection, and anti-corruption – has turned into the world’s largest corporate responsibility initiative. Although the Global Compact is often characterized as a promising way to address global governance gaps, it remains largely unclear why this is the case. Andreas Rasche and Dirk Ulrich Gilbert discusses to what extent the initiative represents an institutional solution to exercise global governance. more[...]
Over the last 10 years, the Global Compact has grown significantly, both in terms of the number of participants and their engagement. While only a handful of companies and NGOs met on July 26, 2000, at the UN Headquarters in New York to launch the Global Compact, today (as of February 2010) more than 7,300 business and non-business participants are part of the initiative. more[...]
The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. more[...]
When I went to New York in March 2009, it was during the peak of the banking crisis and the self-doubts of the investment sector. There was a prevailing certainty that one economic era had come to an end, but ambiguity as to how the new era would look. Some of these elements are being intensively discussed and developed at the Global Compact Office: It is about lasting nature, transparency, responsible merchants, and the respectful handling of our planet. more[...]
Since the very beginning, Georg Kell has been Executive Director of the Global Compact. Due to his ongoing fervour the Global Compact today is fully integrated into the UN system. We spoke with Georg Kell about the economic crisis, the search for new confidence, and the renaissance of politics and ethics. His message is clear: We have to reward sustainable business models. And we have to take climate change much more seriously, or the future might be rough. more[...]
For a few years after the Global Compact’s launch in 2000, the Middle East and North Africa (MENA) remained uncharted territory for the initiative. This changed in 2003, when the first efforts were undertaken to promote the Global Compact in Egypt. A high-level launch took place in Cairo in February 2004, resulting in the participation of more than 50 companies, including many of Egypt’s leading corporations. more[...]
Labor standards, human rights, environmental conservation, and transparency – the core issues of the United Nations Global Compact are especially vital in the developing economies. Latin America and the Caribbean are remarkable examples. “El Pacto Mundial en América Latina y el Caribe. Memorias 2011: Informe de Gestión,” a publication of the Global Compact Regional Center, gives a detailed view on the present situation of the Global Compact in Latin America and the Caribbean. more[...]
In just 20 years, the countries of the Gulf Cooperation Council (GCC) have transformed themselves from deeply traditional nations that depended largely on oil revenues to booming metropolises with rapidly growing and diversified economies. The transformation – especially in the United Arab Emirates (UAE) has been staggering; once home to a small and tight knit society, the UAE today boasts over 202 different nationalities, making it one of the most diverse nations in the world. more[...]
Since its launch in 2000, the United Nations Global Compact has emerged as perhaps the world’s most influential platform for corporate responsibility. Its structure as a global network uniquely positions the initiative to take a closer look at both global and regional developments and interpretations of corporate social responsibility (CSR). more[...]
The trend toward transparency on corporate non-financial performance is gaining momentum and there are a number of frameworks, systems, and principles that help companies disclose information. A key requirement for making sustainability disclosure standard practice for companies and other organizations worldwide is harmonization between these guidance sources. more[...]
Global interconnectivity lets consumer markets constantly grow together. Modern communication technologies accelerate this phenomenon: The brand image as well as the self-perception of any company lies in the hands of millions of people using social media or their buying power. more[...]
Following a call to action by then-UN Secretary-General Kofi Annan at the 1999 World Economic Forum in Davos, the operational phase of the UN Global Compact was launched on July 26, 2000, at UN Headquarters in New York. more[...]
Following a call to action by then-UN Secretary-General Kofi Annan at the 1999 World Economic Forum in Davos, the operational phase of the UN Global Compact was launched on July 26, 2000, at UN Headquarters in New York. more[...]
Looking back at the past 10 years, the United Nations Global Compact has left its mark in a variety of ways, helping shape the conversation about corporate responsibility and diffusing the concept of a principle-based approach to doing business across the glob more[...]
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