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United Nations Global Compact

United Nations Global Compact

With over 12,000 corporate participants and other stakeholders from over 145 countries, the United Nations Global Compact is the largest voluntary corporate responsibility initiative in the world.

The United Nations 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.

The ICSB pledges to participate in and engage with the United Nations Global Compact by promoting its members in over 80 countries worldwide through education, research, policy, and practice.

Human Rights

Principle 1:

Businesses should support and respect the protection of internationally proclaimed human rights;

Principle 2:

businesses should make sure they are not complicit in human rights abuses;

Labour

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 labor; and

Principle 6:

the elimination of discrimination in respect of employment and occupation.

Enviornment

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.

Anti-Corruption

Principle 10:

Businesses should work against corruption in all its forms, including extortion and bribery.

Click here to learn more about the United Nations Global Compact