Category Archives: UN Global Compact

Global Compact – Principle Ten

“Businesses should work against corruption in all its forms, including extortion and bribery.” Origin of the 10th principle On 24 June 2004, during the UN Global Compact Leaders Summit it was announced that the UN Global Compact henceforth includes a … Continue reading

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Global Compact – Principle Nine

“Businesses should encourage the development and diffusion of environmentally friendly technologies.” What is an environmentally friendly technology? Environmentally sound technologies, as defined in Agenda 21, should protect the environment, are less polluting, use all resources in a more sustainable manner, … Continue reading

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Global Compact – Principle Eight

“Businesses should undertake initiatives to promote greater environmental responsibility.” What is environmental responsibility? In Chapter 30 of Agenda 21, the 1992 Rio Earth Summit spelled out the role of business and industry in the sustainable development agenda as: “Business and … Continue reading

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Global Compact – Principle Seven

“Businesses should support a precautionary approach to environmental challenges.” What is the precautionary approach? Introducing the precautionary approach, Principle 15 of the 1992 Rio Declaration states that “where there are threats of serious or irreversible damage, lack of full scientific … Continue reading

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Global Compact – Principle Six

“Businesses should uphold the elimination of discrimination in respect of employment and occupation.” What does Discrimination in Respect of Employment and Occupation mean? Discrimination in employment and occupation means treating people differently or less favourably because of characteristics that are … Continue reading

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