UN Global Compact: GUIDING YOUR SUSTAINABILITY JOURNEY
02 June 2022
THE BUSINESS CASE ON SUSTAINABILITY
The United Nations International Network for the Private Sector is an initiative of the Secretary-General of the United Nations that aims at the Global Compact to invite companies everywhere to align operations and strategies with ten global principles in the areas of human rights, labour, environment and anti-corruption.
The United Nations Global Compact, which was established in 2000, guides and supports the globalization of the business community in advancing the goals and values of the United Nations through responsible corporate practices. The United Nations Global Compact is the only global normative authority and reference point for action and leadership within a growing global movement for corporate sustainability.
Over the course of two decades, participants in the UN Global Compact have grown from just 40 companies to more than 15,000 companies and 3,000 institutions in more than 160 countries, with a head office in New York City, making it the world's largest corporate sustainable initiative.
The United Nations Global Compact also includes 69 global and local networks that promote corporate sustainability at the grassroots level and help companies understand responsibility, which qualifies them to operate within a national context where business leaders who have signed the United Nations Global Compact commit to aligning their business strategies and practices with Principles that include human rights, labor, including the fight against corruption, by integrating these global principles with responsibility and sustainability in their core operations and across their value chains, companies also contribute to achieving the 2030 development plan.
We note here that there are 11 local participants in Kuwait who joined the United Nations Global Compact, including 7 major companies, and plans are underway to further strengthen the United Nations Global Compact.
The United Nations International Network for the Private Sector is the largest global initiative for corporate sustainability, based on the United Nations and incorporating the principles and values of the Organization. The United Nations Global Compact is in a unique position to enhance this cooperation to provide and expand solutions that address global challenges.
Building on the vision of former United Nations Secretary-General Kofi Annan, who, at the 1999 World Economic Forum, called on business leaders to partner with the organization to create a “global compact” of shared values and principles to give a human face to the global market, the agreement today plays a key role in Strengthening commercial cooperation with the United Nations
The United Nations Global Compact is a call for companies to align their strategies and operations with ten global principles related to human rights, labour, the environment and anti-corruption, and take action.
Actions that advance societal goals and implement the Sustainable Development Goals (SDGs).
By engaging thousands of companies of all sizes and sectors from around the world, the network taxpayers are mobilizing a truly global movement of responsible organizations that integrate sustainability into their core strategies and operations - not only for the benefit of their communities but for their own benefit as well.