This year’s conference will support and connect people who want to change the rules of the game People are devising new ways to push for greater transparency and accountability, and are standing up to ultimately achieve greater social justice. Yet corruption and impunity have an immense destabilising effect on society. Now more than ever, mutually accountable action is needed to create irreversible change, and to ensure that the power fuelled by corruption harms societies no more. It is people who will create this change. more[...]
The Guidance aims to assist companies in implementing responsible business practices in conflict-affected and high-risk areas consistent with the Global Compact ten principles. The focus is to provide a common reference point for constructive dialogue between companies and investors on what constitutes responsible business practices in difficult operating environments. This voluntary guidance is designed to stimulate learning and dialogue and to promote collective action and innovative partnerships through Global Compact Local Networks and other initiatives. It was developed by the United Nations Global Compact Office, the Principles for Responsible Investment (PRI) initiative and an expert group comprised of company representatives, investors, civil society leaders, UN representatives and others. (Source: UN Global Compact) more[...]
An updated performance model that guides companies through the process of formally committing to, assessing, defining, implementing, measuring, and communicating a corporate sustainability strategy based on the Global Compact and its principles. 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 agent driving globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. 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[...]
Current protest movements illustrate that citizens regard corruption as a great obstacle to democratization. Because of this corruption prevention plays an important role in companies and government agencies, as required by Principle 10 of the United Nations Global Compact. Therefor Whistleblowing systems can be an effective part of a stratagy for corruption prevention. more[...]
The current protest movements in various countries illustrate that citizens regard corruption as one of the greatest obstacles to democracy and that they demand responsible behavior from politicians. The interface between politics and business represents the most significant gateway for decisions that are not in the interest of the state and its citizens. Because of public pressure and an increase in international legislation, corruption prevention plays an increasingly important role in companies and government agencies, as required by Principle 10 of the United Nations Global Compact. more[...]
In December 2008, Siemens reached a settlement with the investigative authorities in Germany and the U.S., thus bringing to an end the legal proceedings connected with bribery allegations in those two countries and concluding one of the most difficult chapters in the company’s history. Over the last two years, Siemens has implemented one of the world’s most comprehensive compliance programs and created a company culture focused on transparency and ethical business practices. more[...]
The United Nations Conference on Sustainable Development (UNCSD) is being organized in pursuance of General Assembly Resolution 64/236 (A/RES/64/236). The Conference will take place in Brazil on 20-22 June 2012 to mark the 20th anniversary of the 1992 United Nations Conference on Environment and Development (UNCED), in Rio de Janeiro, and the 10th anniversary of the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg. It is envisaged as a Conference at the highest possible level, including Heads of State and Government or other representatives. The Conference will result in a focused political document. more[...]
Over the last several years, the United Nations has become a trailblazer in promoting corporate responsibility. “In the 11 years since its launch, the United Nations Global Compact has been at the forefront of the UN’s effort to make the private sector a critical actor in advancing sustainability,” UN Secretary-General Ban Ki-moon says in the 2011 edition of the Global Compact International Yearbook. more[...]
A profound retrospective of the first decade of the UN Global Compact, challenges in the light of the year of biodiversity, and instruments for an adequate Corporate Citizenship are some of the issues highlighted in the new 2010 edition of the “Global Compact International Yearbook”. Among this years prominent authors are Ban Ki-moon, Bill Clinton, Joschka Fischer and Achim Steiner. UN Secretary-General Ban Ki-moon said: “As the Global Compact enters its second decade, it is my hope that this Yearbook will be an inspiration to bring responsible business to true scale.” Formally presented during the UN Global Compact Leaders Summit in New York, the yearbook is now for sale. more[...]
Project one :In the light of its business excellence and recognition, Arab African International Bank decided to institutionalize the CSR building on its “Belief System “ and depending on a “Structural Approach”. This has produced the “We Owe it To Egypt” Foundation to be the national drive behind significant impact and sustainable development of health and education in Egypt. The Foundation’s main mission is: To pool patriotic resources and establish centers of excellence in health and education. Project two: The bank has adopted the Equator Principles as a regulatory framework for social and environmental impact assessment for projected finance that exceeds the 10 million dollars. more[...]
Multinational companies face huge challenges in countries they operate in, from human rights to the growing need for transparency and responsibility, from respect for the environment to the fight against poverty and the promotion of fair labor practices. Oil and gas companies operate in some of the most challenging places on earth, where they can have an important impact on local communities and on the environment due to the nature of their operations. Furthermore, they manage energy resources that are deeply connected to the economy of a country, and they cope with a public sector that often looks for the support from the private sector to guarantee an improvement of development standards. more[...]
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