The Ten Principles of the UN Global Compact
Participant organizations of the Global Compact are asked to embrace, support and enact, within their sphere of influence, internationally approved principles in the areas of Human Rights, Labor, Environment, and Anti-Corruption. While respective companies pursue their businesses, the aim of the Global Compact is to actively promote changes in the world through ensuring that these principles are abided by and implemented accordingly. There are currently 10 principles including a principle related to anti-corruption, which was added in June 2004.
- 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.
- 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 labor;
- Principle 5
- the effective abolition of child labor; and
- Principle 6
- the elimination of discrimination in respect of employment and occupation.
- 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.
- Principle 10
- Businesses should work against corruption in all its forms, including extortion and bribery.
Source: United Nations Global Compact website