Principles of the United Nations Global Compact Cover Image

Principles of the United Nations Global Compact
Principles of the United Nations Global Compact

Author(s): Anna Mravcová, Jana Gálová
Subject(s): Politics / Political Sciences, Politics, Economy, Energy and Environmental Studies, Governance, Economic policy, Environmental and Energy policy, International relations/trade, Management and complex organizations, Economic development, Business Ethics, Globalization, Geopolitics
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: 10 principles;companies;sustainability;Sustainable Development Goals;UN Global Compact;
Summary/Abstract: The United Nations Global Compact represents one of the biggest voluntary initiatives under the United Nations organisation. This initiative was founded in 2000. It is strongly connected with Corporate Social Responsibility and efforts in achieving sustainability as it is a call for businesses worldwide to contribute towards sustainable world development in economic, social as well as environmental areas. Until last year, when the UNGC celebrated its 20th anniversary, it already had over 11,500 participants all around the world. This fact can have significant impact on achieving its goals which were set in the form of 10 principles divided into 4 main areas, where the positive and sustainable operating of business as well as other types of organisations is much than needed today. Therefore, in the text of this subchapter, the basic information about the very Global Compact initiative is presented, as well as its 10 universal principles set in the areas of human rights, labour standards, environment and anti-corruption, through which the participants are required to take strategic actions in achieving broader societal goals, mainly current Sustainable Development Goals,the interconnection of which is also presented and highlighted. The aim is to help understand the importance of this UN initiative for creating a better and sustainable world by incorporating business and other organisations.

  • Page Range: 43-52
  • Page Count: 10
  • Publication Year: 2021
  • Language: English