United Nations Global Compact (UNGC)
The United Nations Global Compact (UNGC) is an initiative launched by the United Nations to encourage businesses worldwide to adopt sustainable and socially responsible policies and to report on their implementation. The UNGC is based on ten principles that cover human rights, labour, environment, and anti-corruption. Under human rights, businesses should respect and support the protection of internationally proclaimed human rights and ensure they are not involved in any human rights abuses. Regarding labour, businesses should uphold freedom of association and recognition of the right to collective bargaining, eliminate all forms of forced and compulsory labour, abolish child labour, and eliminate discrimination in employment and occupation. Regarding the environment, businesses should take a precautionary approach to environmental challenges, undertake initiatives to promote greater environmental responsibility and encourage the development and spread of environmentally friendly technologies. Finally, businesses must be anti-corruption and promote ethical practices.
