Global Compact: Shiny Queen P 09AA36

GLOBAL COMPACT
Shiny Queen P
09AA36
Introduction
 UN Global Compact is a both a policy platform and a
practical framework for companies that are committed to
sustainability and responsible business practices.
 As a leadership initiative endorsed by chief executives, it seeks
to align business operations and strategies everywhere with ten
universally accepted principles in the areas of human rights,
labour, environment and anti-corruption.
Objectives:
 Mainstream the ten principles in business activities around the
world
 Catalyze actions in support of broader UN goals, including the
Millennium Development Goals (MDGs)
Practical benefits
 Adopting an established and globally recognized policy
framework for the development, implementation, and
disclosure of environmental, social, and governance
policies and practices.
 Sharing best and emerging practices to advance practical
solutions and strategies to common challenges.
 Advancing sustainability solutions in partnership with a
range of stakeholders, including UN agencies,
governments, civil society, labour, and other non-business
interests.
Continued…
 Linking business units and subsidiaries across the value
chain with the UN Global Compact’s Local Networks
around the world – many of these in developing and
emerging markets.
 Accessing the United Nations’ extensive knowledge of
and experience with sustainability and development
issues.
 Utilizing UN Global Compact management tools and
resources, and the opportunity to engage in specialized
work streams in the environmental, social and governance
realms.
The Ten Principles
 The UN Global Compact's ten principles in the areas of
human rights, labour, the environment and anti-corruption
enjoy universal consensus and are derived from:
 The Universal Declaration of Human Rights
 The International Labour Organization's Declaration on Fundamental
Principles and Rights at Work
 The Rio Declaration on Environment and Development
 The United Nations Convention Against Corruption
 The UN Global Compact asks companies to embrace,

support and enact, within their sphere of influence, a set of
core values in the areas of human rights, labour standards,
the environment and anti-corruption
 Human Rights
 Principle 1: Businesses should support and respect the protection of
internationally proclaimed human rights; and
 Principle 2: make sure that they are not complicit in human rights
abuses.
 Labour
 Principle 3: Businesses should uphold the freedom of association and
the effective recognition of the right to collective bargaining;
 Principle 4: the elimination of all forms of forced and compulsory
labour;
 Principle 5: the effective abolition of child labour; and
 Principle 6: the elimination of discrimination in respect of
employment and occupation.
 Environment
 Principle 7: Businesses should support a precautionary
approach to environmental challenges;
 Principle 8: undertake initiatives to promote greater
environmental responsibility; and
 Principle 9: encourage the development and diffusion of
environmentally friendly technologies.
 Anti-Corruption
 Principle 10: Businesses should work against corruption in all
its forms, including extortion and bribery.
The Global Compact and the UNDP
 The Global Compact also encourages businesses to engage

with the United Nations and other organizations concerned
with peace and development in concrete projects to promote
the principles and broader societal challenges.
 The United Nations Development Programme (UNDP) is one

of four UN agencies supporting the implementation of the
Global Compact.
 UNDP holds the primary responsibility for introducing and

operationalizing the Global Compact at the field level in
developing countries and countries with emerging economies.
 The Global Compact helps in initiating and building
action-oriented relationships between business and other
sectors.
 To introduce the Global Compact at a local and practical

level, UNDP together with the other UN agencies (ILO,
OHCHR, UNEP) have prepared a basic conceptual
framework.
 The four main components of this framework are:

 outreach and advocacy;
 policy dialogue;
 partnership projects and
 initiatives.
Global Compact in India
 The Global Compact Network, India was formed by the
UNGC participant companies and other organizations and
registered in New Delhi in November 2003 as a non-profit
Society to function as the Indian Local Network of the
Global Compact Programme.
 Functioning within a globally recognized and established

initiative, with a pan-India membership base, GCN
provides an extremely relevant vehicle for Indian
companies- large & SME, academic institutions and civil
society organizations to join hands towards strengthening
Responsible Business initiatives in India &
internationally.
Key Activities
 Training
 Multi-stakeholder dialogue
 Partnership projects
 Assisting companies with COPs
 Organizing outreach events
Categories of members in the Network:

 Corporate Members (Companies/ Corporations)
 Institutional Members (Non-Profit making Societies /Trusts/
Educational and Research Institutes/Govt. Departments)
 SME Members (Small & Medium Enterprises)
 NGO Members (Civil Society/Non-Government or Labour
Organizations)
Benefits of Joining Global Compact
Network-India (GCN)
 Induction, Networking and Capacity-Building
 Assistance to companies in briefing their key staff on
what it means to be part of the UNGC and how they can
contribute to their organization’s CSR activities.
 Assistance in preparing the annual Communication of
Progress (COP) as part of their commitment to UNGC.
 Participation in monthly meetings, national Convention
and other events for sharing knowledge and experience
 Attending Training programmes on several aspects
relating to UNGC and CSR
 Promotion & Recognition
 Listing on GC Network India website, with hyperlink to organization’s
own website and/or Annual Progress Report.
 Publishing of Sustainability Report and good CSR practice projects on GC
website for international audience.
 CSR Policy Advocacy
Invitation to participate in CSR policymaking dialogue and advocacy at a
national level; and through the GC platform at an international level.
 Business Support
Business database and registry for organizations seeking CSR-friendly
partners.
 International CSR Events, News & Updates
Alerts to international UN events promoting CSR – and recommendations
and referrals for showcasing your CSR projects on those platforms.
 Local Network Governance
Participation in the governance of the network, including election to the
Governing Council or becoming member of subject sub-Committees.
Need for Global Compact Network, India:
Today when most progressive companies are
focusing on CSR, Global Compact is the right platform to
demonstrate nationally and internationally the
commitment to CSR and ethical working of the
companies. Recently issued Voluntary guidelines on CSR
by Ministry of Corporate Affairs lay emphasis on almost
the same core issues as advocated by UNGC. Department
of Public Enterprises has also issued guidelines on CSR
for CPSEs which makes a reference to UNGC.
THANK YOU!!

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GLOBAL COMPACT

 The UN Global Compact asks companies to embrace,

 The Global Compact also encourages businesses to engage

 The United Nations Development Programme (UNDP) is one

 UNDP holds the primary responsibility for introducing and

 To introduce the Global Compact at a local and practical

 The four main components of this framework are:

 Functioning within a globally recognized and established

Categories of members in the Network:

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