Over the last 10 years, the Global Compact has grown significantly, both in terms of the number of participants and their engagement. While only a handful of companies and NGOs met on July 26, 2000, at the UN Headquarters in New York to launch the Global Compact, today (as of February 2010) more than 7,300 business and non-business participants are part of the initiative. more[...]
The current protest movements in various countries illustrate that citizens regard corruption as one of the greatest obstacles to democracy and that they demand responsible behavior from politicians. The interface between politics and business represents the most significant gateway for decisions that are not in the interest of the state and its citizens. Because of public pressure and an increase in international legislation, corruption prevention plays an increasingly important role in companies and government agencies, as required by Principle 10 of the United Nations Global Compact. 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[...]
Sakhalin Energy has based its activities on a strategy of sustainable development. It allows the company to achieve business goals while taking into consideration the potential environmental and social impacts on its employees and on local communities. It is fair to say that such an approach means no operational or technological decision is made without adequate environmental, health,and social assessments of the potential impact of the Sakhalin-2 Project. more[...]
There’s an ancient Chinese proverb that goes something like, “Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.” more[...]
There’s an ancient Chinese proverb that goes something like, “Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.” The message is clear: Education has a longer-lasting benefit than charitable donations alone. 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[...]
The availability, nature and conditions of work are central to the wellbeing of individuals, families, economies and societies the world-over. ‘Work’ is the core business of Adecco Group, the world’s leading provider of HR solutions, with over 31,000 people dedicated to enabling more than 500,000 colleagues to work every day with clients in over 60 countries. more[...]
The aim of the Global Compact International Yearbook is to create a global overview of the achievements of the UN Global Compact (UNGC). The book offers proactive and in-depth information on key sustainability issues to stakeholders around the world and promotes unique and comprehensive knowledge exchange and learning in the spirit of the Global Compact principles. Thus the publication helps to advance transparency, promotes the sharing of best-practices, and, perhaps most significantly, gives a strong voice to the regional and global actors that are at the heart of the initiative. more[...]
"At the end of the day, corporations are citizens too, and they should commit themselves in the same way good citizens would. It's important to emphasize here that other social forces must be involved: there's always at least one organization that is already implementing an idea, someone who has found a better approach to a certain segment of the population or an innovative solution to the same problem." more[...]
For much of the last decade, globalization was a leading issue of public policy debate, and global core labor standards (CLS) were the lead demand of critics of globalization. Now, with the world economy stuck in the deepest economic recession since the 1930s, attention to globalization and the need for labor standards has waned as people have become more concerned about jobs and economic recovery. more[...]
"Ethics, in the form of a shared basic understanding of “right” values, such as dignity, freedom, justice, etc., are the foundation of the social market economy. Competition and legal foundations, both of which are essential for a market economy, lose their ability to function when people lose trust, and maintaining trust is always (also) a matter of the responsibility – or more generally: practiced values – of those active in the market economy." more[...]
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