The United Nations Global Compact is the largest corporate citizenship initiative in the world. CrossKnowledge teams up with thousands of business participants and stakeholders from civil society, labour and government from over 130 countries.
The ten Principles of Global Compact cover the areas of human rights, labour, environment and anti-corruption. In the long run, the goal is to help the global marketplace to be more socially and economically inclusive via continuous improvement.
Business participants are required to communicate progress made to stakeholders once a year. Companies have to present their results and describe the practical and measurable actions they have taken and have planned to take in relation to the 4 areas covered by the ten Principles and according to 24 advanced criteria.
The business participants must submit their annual COP (Communication On Progress) on the global compact website under the control of the Global Compact office.
The Ten Principles are:
- Businesses should support and respect the protection of internationally proclaimed human rights.
- Make sure that they are not complicit in human rights abuses.
- Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
- The elimination of all forms of forced and compulsory labour.
- The effective abolition of child labour.
- The elimination of discrimination in respect of employment and occupation.
- Businesses should support a precautionary approach to environmental challenges.
- Undertake initiatives to promote greater environmental responsibility.
- Encourage the development and diffusion of environmentally friendly technologies.
- Businesses should work against corruption in all its forms, including extortion and bribery.
The initiative aims to combine the best assets of the UN, such as moral authority and convening power, with the strengths of the private sector in solution-finding, and the expertise and capacities of key stakeholders. Global Compact is global and local; private and public; voluntary yet accountable and it is the responsibility of CrossKnowledge to support this major worldwide initiative.