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Global Compact
According to the United Nations (UN) the 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” (UN, 2014). It is a voluntary, collaborative effort to advance the goals of both businesses and society (UN, 2014). Described as “a practical framework for development, implementation, and disclosure of sustainability policies and practices,” the compact seeks to advance the ten compact’s principles (confronting concerns in areas of human rights, labor, environment, and corruption) and solicit corporate support for UN goals and issues (UN, 2014).
Today, the Global Compact initiative is one of the largest corporate social responsibility initiatives with “more than 10,000 participants, including over 7,000 businesses in 145 countries around the world” (UN, 2014). It is based on the acknowledgement of mutual dependence between business and society, one where “a more equitable, prosperous and sustainable future [cannot be achieved] without business engagement and solutions” (UN, 2014). Its main objectives are the promotion of the 10 principles and the encouragement of action in support of UN goals (Bandi, 2007).
In addition to business signatories, the Global Compact has approximately 4,000 civil society signatories, many of which are NGOs. These fulfill several critical functions, such as advocacy, diligent monitoring corporate partners, “holding [them] accountable for their commitments, and partnering with businesses on common causes” (UN, 2014). Of course, NGOs are also critics of the Global Compact itself, thus promoting advancements and imp...

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...w.ethicalquote.com/docs/UnitedNationsGlobalCompact.pdf
United Nations (UN). (2009). 1,000 Companies Delisted by UN Global Compact Since 2008. Retrieved from http://www.unglobalcompact.org/newsandevents/news_archives/2009_10_07.html
United Nations (UN). (2010). 859 Companies Delisted for Failure to Communicate on Progress. Retrieved from http://www.unglobalcompact.org/news/8-02-01-2010
United Nations (UN). (2014). Global Compact. Retrieved from http://www.unglobalcompact.org
United Nations (UN). (2014). Global Corporate Sustainability Report 2013. Retrieved from http://www.unglobalcompact.org/docs/about_the_gc/Global_Corporate_Sustainability_Report2013.pdf
Williams, O.F. (2004). The UN Global Compact: The challenge and the promise. Business Ethics Quarterly, 14(4), 755-774. Retrieved from http://www3.nd.edu/~ethbus/documents/Global%20Compact%20Article_final.pdf

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