The United Nations Global Compact (UNGC) is a voluntary corporate 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, labour, environment and anti-corruption. The Global Compact Network Canada (GCNC) is the Canadian local network of the UNGC.
It is the largest corporate citizenship and sustainability initiative in the world, offering a unique strategic platform for participants to advance their commitments to corporate citizenship and sustainability.
The UNGC has two purposes:
- To mainstream the Ten Principles in business strategy and operations around the world.
- To catalyze business action in support of UN goals and issues.
To become a UNGC signatory, the President or CEO of an organization must commit to embedding the 10 UN Global Compact Principles into its business operations, and demonstrate tangible progress by submitting an annual Communications on Progress report. Organizations are encouraged to engage with the UNGC via the local networks, such as the GCNC.
The GCNC acts in accordance with the UNGC’s principles and objectives. The GCNC holds a Memorandum of Understanding with the UNGC and reports regularly on its objectives, activities, and initiatives.
”Prosperous, stable societies and a healthy planet are the bedrock of political stability, economic growth and flourishing new markets. Everyone has a role to play. The UN Global Compact is working to bring business to the table as a key partner. It embodies the spirit of shared responsibility that is essential for achieving a better world.” ”
UN Secretary-General, Ban Ki-moon
Opening remarks at Global Compact Leaders Summit: “Architects of a Better World,” 20 September 2013