Global Compact: a path towards social responsibility in business
Our firm has just adhered to the United Nations Global Compact, a powerful and important initiative through which businesses commit to respecting human rights, labor standards, the environment, and anti-corruption standards.
In the words of Ban Ki-moon, Secretary General of the UN,
"We need business to give practical meaning and reach to the values and principles that connect cultures and people everywhere."
These are the principles that make up the Global Compact:
- 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.
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Tags: Global Compact, UN, United Nations, social responsibility
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