What is the Global Compact?
The Global Compact is an international initiative proposed by the United Nations (UN), whose objective is for companies, international workers’ associations, non-governmental organizations and other bodies to acquire a voluntary commitment to social responsibility, through the implementation of Ten Principles based on human, labour, and environmental rights, and the fight against corruption.
Likewise, the Global Compact seeks to promote the development of an international network through which companies can collaborate with each other and with other social agents, fomenting a climate of dialogue and cooperation, carrying out voluntary actions in the area of corporate social responsibility.
The initiative was proposed by the ex-Secretary-General of United Nations, Kofi Annan, in the 1999 Davos World Economic Forum and its operational phase began in July 2000 at the United Nations Headquarters in New York, when the first companies began to join. During 2010, more than 6000 companies of 130 different countries joined the Global Compact; thus, most industrial and services sectors are represented and its participants are from both Northern and Southern countries.
The 10 principles of the Global Compact
The ten basic universal principles of the Global Compact are as follows:
In the field of Human Rights:
- Companies must support and respect the protection of internationally recognized basic human rights, within their sphere of influence.
- Companies must ensure that their companies are not complicit in the violation of human rights.
In the field of labour standards:
- Companies must support freedom of association and the effective recognition of the right to collective bargaining.
- Companies must support the elimination of all types of forced or coerced labour.
- Companies must support the eradication of child labour.
- Companies must support the abolition of practices of discrimination in employment and occupation.
In the area of environment:
- Support the application of a precautionary approach with regard to environmental problems.
- Adopt initiatives to promote greater environmental responsibility.
- Encourage the development and the dissemination of environmentally friendly technologies.
In the field of the fight against corruption:
- Companies must work against corruption in all its forms, including extortion and bribery.
The commitment of CONTAZARA to the Global Compact
In 2004 CONTAZARA joined the United Nations Global Compact to support and fulfil its 10 Principles. Thus, it has incorporated all the aspects of the 10 Principles in the internal management of the organization, reporting on its progress and promoting its dissemination in society.