What is COP Global Compact?
Reporting to stakeholders in a transparent and public manner is fundamental for companies committed to sustainability. Your company’s annual Communication on Progress (COP) is a key component of your commitment to the UN Global Compact.
What are the 4 UN Global Compact domains?
The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labor, the environment and anti-corruption. Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society.
How often must a Ungc member submit a report?
New participants must submit their first CoP one year after joining the initiative. Existing participants are required to submit their CoPs one year after the last submission. For example, if the last submission took place on 1 April 2017, the next CoP will be due on 1 April 2018.
Is UN Global Compact mandatory?
The UN Global Compact is a voluntary initiative, not a formal membership organization. Upon joining the UN Global Compact, larger companies are required to make an annual contribution to support their engagement in the UN Global Compact.
How many UN Global Compact principles are there?
By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.
How many countries have signed the UN Global Compact?
15,000+ signatories in over 160 countries, both developed and developing, representing nearly every sector and size.
How many companies are in the UN Global Compact?
Through our Local Networks and over 10,000 companies around the world, the UN Global Compact is taking corporate sustainability from the fringes to the mainstream and uniting business for a better world.
What is the difference between participant and signatory UN Global Compact?
To simplify it, Signatory stands for the former option (including letter of commitment and yearly COP, and contribution) while the Participant option provides more networking activities, access to more resources and materials, among others perks.
What is the objective of UN Global Compact?
The UN Global Compact is a call to companies to align their strategies and operations with ten universal principles related to human rights, labour, environment and anti-corruption, and take actions that advance societal goals and the implementation of the SDGs.
Why is the UN Global Compact important?
The UN Global Compact provides a universal language for corporate responsibility and provides a framework to guide all businesses regardless of size, complexity or location.
Why do companies join the United Nations Global Compact?
Why you should join us. The UN Global Compact provides a universal language for corporate responsibility and provides a framework to guide all businesses regardless of size, complexity or location.
What does it mean to be member of UN Global Compact?
Key Takeaways. The United Nations Global Compact is an initiative that global corporations can sign on to committing to responsible business practices in the areas of human rights, labor, the environment, and corruption.
What are the benefits of the UN Global Compact?
The UN Global Compact provides a universal language for corporate responsibility and provides a framework to guide all businesses regardless of size, complexity or location. We’re your guide every step of the way. We’ll help you commit to, assess, define, implement, measure and communicate your sustainability strategy.