The 10 principles of the UN Global Compact, which guide the Compact’s initiatives and participants, are:
- Human Rights
- Support and respect the protection of internationally proclaimed human rights.
- Ensure that business practices are not complicit in human rights abuses.
- Labour
- Uphold the freedom of association and the effective recognition of the right to collective bargaining.
- Eliminate all forms of forced and compulsory labor.
- Abolish child labor.
- Eliminate discrimination in respect of employment and occupation.
- Environment
- Support a precautionary approach to environmental challenges.
- Undertake initiatives to promote greater environmental responsibility.
- Encourage the development and diffusion of environmentally friendly technologies.
- Anti-Corruption
- Work against corruption in all its forms, including extortion and bribery.
The United Nations Global Compact continues to evolve and expand its impact, as evidenced by recent updates and initiatives:
- Global Reach and Impact: The UN Global Compact has a significant global presence, with over 24,419 participants from 167 countries and 61 local networks. This broad engagement underlines its role as a major platform for advancing corporate sustainability worldwide (UN Global Compact).
- SDG Pioneers Program: The initiative announced its 2023 SDG Pioneers, recognizing twelve business leaders from various regions for their exceptional contributions to advancing the Sustainable Development Goals (SDGs) through the implementation of the UN Global Compact’s Ten Principles (Africa Hub – UN Compact).
- Commitment to Reporting: Transparency and accountability remain key pillars of the UN Global Compact, with over 47,000 Communications on Progress (COPs) posted by participating companies. These reports detail efforts to integrate the Ten Principles into business operations and support societal priorities (UN Global Compact).
- Strategic Initiatives: Recent initiatives include launching a guidebook to empower women in the workplace and welcoming outcomes from the International Labour Organization (ILO) meeting on wage policies, including living wages. These efforts underscore the Compact’s dedication to addressing critical global challenges and promoting sustainable business practices (UN Global Compact).
- Leaders Summit and Participation: The UN Global Compact Leaders Summit serves as a pivotal event for stakeholders, including business leaders, civil society, academia, and governments, to collaborate and advance the sustainability agenda. The summit emphasizes the importance of collective action and shared responsibility in achieving the SDGs (UN Global Compact Events).
These developments reflect the UN Global Compact’s ongoing commitment to fostering responsible business practices and sustainable development globally.
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