THE UN Secretary General, Mr Ban Ki-moon has urged more businesses to
join the United Nations Global Compact, the world’s largest corporate
responsibility initiative with 6,000 companies in 135 countries.
A
growing number of businesses have signed up to the Compact since it was set up
in 2000, pledging to align their business practices to 10 universally accepted
principles concerning human rights, labour, environmental sustainability and the
fight against corruption.
Addressing the Compact’s Board Members in New York, Mr. Ban noted that
the current number of participants in the initiative is just a fraction of the
estimated 70,000 multinationals and millions of small businesses.
“It
is important that the principles of the Global Compact are accepted by more
businesses around the world,” stated the Secretary-General, who has set a goal
of reaching 20,000 companies by 2020.
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