Starting in 2023, companies participating in the UN Global Compact will be required to report their progress on the Ten Principles following the new Communication on Progress model. Reporting will be on an annual basis and there will be also a universal submission period that runs from 1 March through 30 June each year. More information is available here.
BUSINESS REPORTING UNTIL DECEMBER 2022
Business participants in the UN Global Compact commit 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 Principlesof the UN Global Compact, and in supporting broad UN development goals.
All business participants are required to post their COP on the UN Global Compact website and to share it widely with their stakeholders.
Three steps for a successful COP:
Step 1: Producing a COP
The COP is the most important expression of a participant's commitment to the UN Global Compact and its principles. Violations of the COP policy (e.g., failure to issue a COP) will result in the change in participant status to non-communicating and, after one year of non-communicating status, can eventually lead to the expelling of the participant. To adhere the initiative again, the companies must follow the application process from the beginning and post their COP at the same time.
Starting on 25 February, 2011, all business participants must upload their COPs on the UN Global Compact website within 1 year from the date of accession (attention: participants who joined before July 1st 2009 have still two years from the date of accession to load their COP).
Download the UN Global Compact COP Policy
All business participants that have submitted a Communication on Progress (COP) will be classified in one of two categories, based on a self-assessment of the COP's content:
GC Active level: is for companies that produce a COP which meets all minimum requirements (statement by the chief executive expressing continued support, description of practical actions and measurement of outcomes). A businessparticipant can use the Global Compact basic model or the GRI Guidelines G3.1 as frameworks of reference for the COP production. See the GC basic format
GC Advanced level: is for companies that produce a COP which meets all minimum requirements and information is provided in the self-assessment on additional advanced criteria in the following areas: Implementing the Ten Principles into Strategies&Operations; Taking Action in Support of Broader UN Goals and Issues; Corporate Sustainability Governance and Leadership. All COPs based on the Blueprint for Corporate Sustainability Leadership and the UN Global Compact Management Model will be considered Advanced.Read the 21 Advanced Criteria
“Learner COP” Status
Note: Companies whose COPs do not meet the minimum COP requirements will be given a one-time 12-months "COP Learner" status from the date of submission of their COP to submit a new COP that meets all minimum requirements. The UN Global Compact Office will provide active support and assistance through the Learner Platform.
For further information on the Differentiation Programme, click here