"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."
(Kofi Annan, UN Secretary General, World Economic Forum, 31 January 1999, Davos)
The United Nations Global Compact is the world's leading voluntary corporate citizenship initiative. It is a call to companies everywhere to voluntarily align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take actions in support of UN goals, including the Millennium Development Goals. Endorsed by chief executives, the UN Global Compact is a leadership platform for the development, implementation, and disclosure of responsible corporate policies and practices. Launched in 2000, since then over 18.000 businesses originating from 160 countries throughout the world have participated, giving life to a new reality of global collaboration.
Nowdays, Global Compact is the largest corporate responsibility initiative in the world.
The Global Compact IS...
- a voluntary initiative to promote sustainable development and good corporate citizenship
- a set of values based on universally accepted principles
- a network of companies and other stakeholders
- a forum for learning and exchange of experience
The Global Compact IS NOT ...
- legally binding
- a means of monitoring company behavior and enforcing compliance
- a standard, management system, or code of conduct
- a regulatory body
- a public relations channel