Economic analysts often look at the world’s monetary and financial asymmetries without understanding their historical causes. Yet the international community -- including the private sector -- must address the origins of these structural imbalances if there is to be a meaningful adjustment of the economic system. more[...]
2008 will be remembered as the year of crises. The breakdown of financial institutions and markets and the subsequent worldwide economic downturn have put the spotlight on issues that the United Nations Global Compact has long advocated as essential responsibilities for modern business and today’s global markets: comprehensive risk management, long-term performance, and ethics. more[...]
Too often, corporate social responsibility (CSR) is driven by social or government pressure, the fear of possible negative publicity, or the expectations that the financial markets have of listed companies. more[...]
I think what has changed dramatically since those words were first written are two fundamental realities. One is the media-based interconnectivity in the world. It was so much easier in previous centuries and previous generations to disregard the complexities, the pain, the sufferings, and even the disasters that affect other parts of the world. more[...]
Success and failure are relative, of course, reflecting initial expectations and ambitions. In coining terms like “environmental excellence” (1984), “green consumer” (1986), or “triple bottom line” (1994), I was simply trying to help us all expand our minds for new possibilities. more[...]
The Communication on Progress (COP) policy is the central component of the UN Global Compact’s integrity measures. The policy establishes a mandatory reporting requirement for businesses to report annually on their progress in implementing the Ten Principles of the UNGC more[...]
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