title: corporate citizenship: a step forward
the initiative: it was during his speech at the World Economic Forum on 31 January 1999, that United Nations Secretary-General Kofi Annan invited business leaders to join an international initiative -the Global Compact - that would bring companies together with UN agencies, labour and civil society to advance universal social and environmental principles. Through the power of collective action, the Global Compact seeks to improve responsible corporate citizenship so that business can help in the realisation of a more sustainable and inclusive global economy.
principles: the initiative demonstrated its large ambitions from the beginning. It asks companies to embrace, support and enact, within their sphere of influence, a set of ten core values in the areas of human rights, labour standards, the environment, and corruption…
networking: the Global Compact involves all the relevant social actors: governments; companies, whose actions it seeks to influence; labour, in whose hands the concrete process of global production takes place; civil society organisations, representing the wider community of stakeholders; and the United Nations. And this network is growing: today, more than 1,000 companies from all regions of the world, international labour and civil society organisations are engaged in the initiative and there are almost fifty Global Compact networks on country or regional levels.
Putting mutual learning through best practises exchanges and interaction between different actors and different approaches to Corporate Social Responsibility as primary principles, Global Compact represents a real global forum to start building a fairer world.