The Global Compact is a joint initiative of the United Nations Development Program (UNDP), the Economic Commission for Latin America and the Caribbean (ECLAC), and the World Labour Organization (WLO), addressed at enabling corporate social responsibility development, fostering human rights, labor standards, environmental protection and anti-corruption. The main goal of the Global Compact is to help align corporate policies and practices to universally concurred and internationally applicable ethical goals.
By means of business voluntary commitment, the Global Compact is an initiative for promoting a new corporate culture on how to manage businesses. And its real essence is to create an ever-growing labor network supporting companies through learning and sharing knowledge, to exercise leadership as a corporate citizen and hence exert influence in others through their behavior.
The Center for Study of Corporate Sustainability adhered to the principles of Global Compact in April 2004 and as this is a less than 10-employee institution it is not forced to file the Sharing Information Progress Sheets. Moreover, it took part –as full member- of the Global Compact Argentine Network Board for two consecutive periods (2005-2006 and 2007-2008).
The following contains the principles of the Global Compact and their application areas, which are inspired in the Universal Declaration of Human Rights, Declarations of the International Labour Organization on Fundamental Principles and Labour Rights and the Declaration of Rio of the United Nations Conference on Environment and Development.
1.- Support and observe human right protection.
2.- Not to be an accomplice to abuse of rights .
3.- Support the principles of freedom of unionization and the right to collective bargaining.
4.- Eradicate forced and obligatory labor.
5.- Abolish any form of child labor.
6.- Eliminate discrimination based on job and occupation.
7.- Support a preventive approach to environmental challenges.
8.- Foster greater environmental responsibility.
9.- Promote development and dissemination of green technologies.
10.- Businesses must act against corruption in all its forms, including extortion and bribery.