How does UN Global Compact work?
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How does UN Global Compact work?
The UN Global Compact is a call to companies to align strategies and operations with ten universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals — including the Sustainable Development Goals.
What is the objective of UN Global Compact?
The UN Global Compact is a call to companies to align their strategies and operations with ten universal principles related to human rights, labour, environment and anti-corruption, and take actions that advance societal goals and the implementation of the SDGs.
Is UN Global Compact A UN agency?
The Global Compact works with entities across the UN system to mainstream the Ten Principles into how they engage with the private sector as well as their own internal UN operations….Collaborating with UN entities to advance the Global Compact.
| Area of Focus | UN Entity |
|---|---|
| Labour | International Labour Organization (ILO) |
Who founded the UN Global Compact?
General Kofi Annan
20 Years of the UN Global Compact Launched in 2000 by former UN Secretary-General Kofi Annan, the UN Global Compact was initiated to bring business and the United Nations together to give a human face to the global market.
How many companies use SDGs?
69% of companies articulate which Goals are most relevant to their business, with 61% specifying how their actions support the SDGs; 40% of companies set measurable commitments for how they will help achieve the SDGs, while 20% include evidence to assess their positive impacts.
How many Global Compact principles are there?
Ten Principles
By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.
Where is the UN Global Compact based?
New York City
The UN Global Compact was announced by then UN Secretary-General Kofi Annan in an address to the World Economic Forum on 31 January 1999, and was officially launched at UN Headquarters in New York City on 26 July 2000.
What percentage of companies are affected by SDGs?
Dorothy Neufeld. 8,550 companies in the MSCI All Country World Index, have been measured from ‘strongly aligned’ to ‘strongly misaligned’ to the UN SDGs. Only 0.2% of companies were strongly aligned to the UN SDGs – a plan to create a more sustainable future by 2030, with 193 countries on board.
What companies have adopted the SDGs?
To better illustrate how various companies align themselves with the UN SDGs, we’ve highlighted seven companies that help meet the fast-approaching 2030 deadline.
- Huawei.
- Nike.
- Kimberly-Clark.
- LEGO.
- JetBlue.
- Discovery Channel.
- Hilton Hotels.
What is the UN Global Compact agreement?
About the UN Global Compact Network UK The United Nations Global Compact is a global platform for business and non-business entities to proactively network and engage in areas of human rights, labour, environment, and anti-corruption.
Who created the UN Global Compact?
How many countries are in the United Nations?
193 Member States
The United Nations is an international organization founded in 1945. Currently made up of 193 Member States, the UN and its work are guided by the purposes and principles contained in its founding Charter.
How many companies use UN SDGs?
Of the 56 companies that had selected SDGs, 55 included SDG 13: climate change, which states the need to take “urgent action to combat climate change and its impacts.”
How big companies can be more sustainable?
There are many different ways a business can become sustainable: reducing waste, preventing pollution, adopting clean energy, conserving water, greening the planet by planting trees, using sustainable materials, making their products sustainable, and by adopting sustainable business travel policies.
