Business participants in the UN Global Compact make a commitment to make the Global Compact's ten principles part of their business strategies and their day-to-day operations. At the same time, companies are required to issue an annual Communication on Progress (COP), a public disclosure to stakeholders (e.g., investors, consumers, civil society, governments, etc.) on progress made in implementing the ten principles of the UN Global Compact, and in supporting broad UN development goals.
The COP requirement serves several important purposes:
- advance transparency and accountability;
- drive continuous performance improvement;
- safeguard the integrity of the UN Global Compact and the United Nations; and
- help build a growing repository of corporate practices to promote dialogue and learning.