The United Nations Global Compact was founded in the year 2000 by former Secretary-General Kofi Annan.
Vision and Goals
“If globalization does not benefit everyone, it benefits no one at the end.” Under that device, Kofi Annan’s intention was to create sustainable markets and to promote the concept of corporate social responsibility.
The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. By doing so, business, as a primary agent driving globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.
Dialog and Exchange
With more than 10,000 companies participating, the Global Compact is currently the world’s largest network for corporate social responsibility. But not only companies are invited to join the Global Compact. The initiative also encourages governmental and non-governmental organizations as well as academic institutions to participate. The goal is to create a multi-stakeholder platform in order to promote exchange between companies and their stakeholders and to facilitate joint work on the implementation of the ten principles.