The united nations global compact is a strategic policy initiative that encourages businesses to support ten universal principles in the areas of human rights, labor standards, the environment. We will develop the capabilities of students to be future generators of. Fung group has always been committed to the principles of the global compact. The global compact is a voluntary international corporate citizenship network initiated to support. Implementation plan for the 2030 agenda for sustainable development. Mainstreaming into corporate functions and business units 4. A practical guide to the united nations global compact for. About the united nations global compact the united nations global compact is a call to companies everywhere to voluntarily align their operations and strategies with ten universally accepted principles.
Principles of the united nations global compact in the areas of human rights, labour, environment and anticorruption. Such a system will reward longterm, responsible investment. Global compact academic network bentley university. Corporate sustainability in the world economy t c united. In doing so, we committed to implementing ten principles in the areas of the human rights, labour, environment and anticorruption. United nations global compact 10 principles human rights principle 1. About united nations global compact ungc 10 principles. Thus, we continue to be committed to unyielding integrity and high standards of business. See also sandrine tester and georg kell, the united nations and business new york. The united nations strongly encourages all vendors to actively participate in the global compact. We aim to operate sustainable businesses that provide useful goods.
The global compact seeks to provide a contextual framework to encourage innovation. As an institution, we understand our own organizational. Copenhagen school of design and technology coe 201819. I propose that you, the business leaders gathered in davos, and we, the united nations, initiate a global compact of shared values and principles, which will give a human face to the global market. Rights and the oecd guidelines for multinational enterprises. Loreal has been a signatory of the united nations global compact since 2003 and is a member of the board of the french network of the global compact global compact france. The united nations global compact is a nonbinding united nations pact to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. Human rights tcm group strongly support and promote the principles regarding human rights outlined in the ungc principles, and it is of utmost importance to us that we comply with these principles.
In the context of this commitment, any company joining the initiative is expected to. Rather, the global compact relies on the enlightened selfinterest of companies, labour and civil society to initiate and share substantive action in pursuing the principles upon which the global compact is based. Treat all women and men fairly at work respect and support human rights and nondiscrimination 3. In 2018, loreal was recognised as a global compact lead company. These core values make up the ten principles of the ungc. The global compact brings together actors in government, business, labor and civil society with the mission of advancing universal principles. Ensure the health, safety and wellbeing of all women and men workers 4. We also commit to sharing this information with our customers, employees, suppliers and other stakeholders. United nations global compact definition investopedia.
Finally, the connectivity between the united nations global compact and. A global compact of shared values and principles, 31 january 1999, world economic forum, davos, switzerland, reprinted in vital speeches of the day 659 15 february 1999. With this commitment, we express our intent to support the global compact advancing these principles. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anticorruption. The united nations global compact is a strategic initiative that supports global companies whose ceos are committed to responsible business practices in the areas of human. Thus, we continue to be committed to unyielding integrity and high standards of business conduct in everything we do. Businesses should uphold the freedom of association and the effective. Understanding sphere of influence and complicity 01 understanding the global compact human rights principles anthony. Proof of registration please show proof of officiallegal registration by uploading a government registry document that contains company information for example, registered office address, company status, company type, directorsofficers, nature of business, etc.
Businesses should support and respect the protection of internationally proclaimed human rights. Foundation for the global compact guidestar profile. Corporate sustainability starts with a companys value system and a principles based approach to doing business. Proof of registration please show proof of officiallegal registration by uploading a government registry document that contains company information for. The 2030 agenda for sustainable development sustainabledevelopment. Guided by these global initiatives, the bank also endorses a number of initiatives, voluntary guidelines and international conventions with regards to human rights and labour rights, environmental protection and corruption, as set out below. In this our first annual communication on progress, we describe our actions to integrate the global compact and its principles into our business strategy, culture and daily operations. The international labour organizations declaration on fundamental principles. Importantly, it draws on widely accepted and understood management practices, but is organized and orientated around maximizing corporate sustainability performance. Executive head, the united nations global compact 01 introduction ursula wynhoven, global compact office lene wendland, office of the high commissioner for human rights 01 ohchr briefing paper the global compact and human rights. A practical guide to the united nations global compact for higher. Principles of the united nations global compact on human rights, labour, environment and anticorruption. Companies will commit to integrate and assess in their global.
United nations global compact communication on progress. This bibliography was generated on cite this for me on friday, august 7, 2015. Global compact academic network, is committed to the u. United nations global compact ungc academic network, has an ongoing commitment to the global compact s principles for responsible business and principles for responsible management.
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