When joining the Global Compact, companies make a commitment to issue an annual Communication on Progress (COP), a public disclosure to stakeholders (e.g., investors, consumers, civil society and Governments) on progress made in implementing the ten principles of the UN Global Compact, and in supporting broad UN development goals. more[...]
Global interconnectivity lets consumer markets constantly grow together. Modern communication technologies accelerate this phenomenon: The brand image as well as the self-perception of any company lies in the hands of millions of people using social media or their buying power. more[...]
The purpose of the venture between TMS and its key customers is to provide a working strategy to implement the Business Social Compliance Initiative (BSCI). The key is a partnership in respecting human dignity, managing risk, and maximizing the opportunities in the supply chain by taking a proactive and ethical approach. more[...]
In December 2008, Siemens reached a settlement with the investigative authorities in Germany and the U.S., thus bringing to an end the legal proceedings connected with bribery allegations in those two countries and concluding one of the most difficult chapters in the company’s history. Over the last two years, Siemens has implemented one of the world’s most comprehensive compliance programs and created a company culture focused on transparency and ethical business practices. more[...]
As world economies become globalized, the new challenge is to ensure that multinational corporations can be held accountable not only for the impact of their activities on human beings but also for their respect of Human Rights. To date, there is no supranational legal institution with the appropriate means to enforce human rights in a mandatory way. Companies that agree to assume responsibility do so voluntarily. But for an international firm, ensuring that Human Rights are respected can be quite difficult. The standards developed to protect people’s rights were originally drafted for states, so additional practical steps are required to apply those standards to companies and to develop concrete ways to implement and track them within a corporate environment. more[...]
“I consider climate change to be the most pressing challenge facing the world today,” declares Werner Wenning, Chairman of the Board of Management of Bayer AG. “After all, climate change endangers the natural basis of all our commercial and social actions.” The consequences for company policy are clear – in this time of global financial and economic crisis in particular, it is crucial that companies set a course that will steer them towards sustainability. This also involves making a clear commitment to climate protection. As part of its comprehensive climate program, Bayer is working to develop solutions across a range of areas that will enable the company to make a contribution to tackling the challenges posed by climate change. more[...]
Since 2001, Carrefour Colombia has adhered to the United Nations Office on Drugs and Crime (UNODC) program for the voluntary, gradual eradication of illicit plantations. In another project, in Bangladesh, the focus is on the workers of controlled products suppliers. Training helps them learn more about their labour and Human Rights. more[...]
Since 2001, Carrefour Colombia has adhered to the United Nations Office on Drugs and Crime (UNODC) program for the voluntary, gradual eradication of illicit plantations. In another project, in Bangladesh, the focus is on the workers of controlled products suppliers. Training helps them learn more about their labour and Human Rights. more[...]
Since the nineties, retailers have been paying more and more attention to social Responsibility in the Supply Chain. As there was extensive agreement on establishing common criteria of their individual procurement guidelines, it was only logical for them to pursue a cooperative effort. Originally under the umbrella of the Foreign Trade Association of the German Retail Trade (AVE), these efforts developed at the European level into the Business Social Compliance Initiative (BSCI). more[...]
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