UN Global Compact

The UN global compact is a framework for business that is committed to aligning their
operations and strategies with ten universally accepted principles. The
universally accepted ten Principles are derived from: The universal declaration
of human rights, ILOs declaration of fundamental principles and rights at work,
The Rio declaration of environment and development and The UN convention
against corruption. The Global compact asks companies to embrace, support and
enact their sphere of influence, a set of core values in the areas of human rights,
labour standards, the environment and anti-corruption.

·      Human Rights:

a.     Business should support and respect
the protection of internationally proclaimed human rights

b.     Make sure that they are not complicit
in human right abuses.

·       Labour Standards:

a.     Business should uphold the freedom of
association and effectively recognize the right to collective bargaining

b.     The elimination of all forms of
forces and compulsory labour

c.      The effective abolition of child
labour

d.     The elimination of discrimination in
respect of employment and occupation

·      Environment:

a.     Business should support a
precautionary approach to environmental challenges.

b.     Undertake initiatives to promote
greater environmental responsibilities

c.      Encourage the development and
diffusion of environmental friendly technologies.

·      Anti-corruption:

a.     Business should work against
corruption in all its forms, including extortion and bribery.

The UN Global Compact works toward the vision of a sustainable and inclusive global
economy which delivers lasting benefits to people, communities and markets.

To help realize this vision, the initiative seeks to:

·      Mainstream
the Global Compact’s Ten Principles in business strategy and operations around
the world and

Catalyze
business action in support of UN goals and issues, with emphasis on
collaboration and collective action.