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The United Nations Global Compact (UNGC) is a voluntary initiative launched by the United Nations in 2000, which encourages businesses and organizations to align their strategies and operations with ten principles in the areas of human rights, labor, environment and anti-corruption.
The principles of the UNGC are:
Participating companies pledge to implement these principles in their operations and to report on their progress annually through the Communication on Progress (COP) report. The UNGC also provides a platform for companies to share best practices and collaborate on sustainable business solutions.
The UNGC also has a number of initiatives and programs that focus on specific sustainability challenges, such as the CEO Water Mandate, which encourages companies to address the issue of water scarcity, and the Women's Empowerment Principles, which provide guidance for companies on how to empower women in the workplace.
In summary, The United Nations Global Compact is a voluntary initiative that encourages businesses and organizations to align their strategies and operations with ten principles in the areas of human rights, labor, environment and anti-corruption. Participating companies pledge to implement these principles in their operations and to report on their progress annually through the Communication on Progress (COP) report. The UNGC also provides a platform for companies to share best practices and collaborate on sustainable business solutions.
