Responsible business club
The Ten Global Compact Principles
Social responsibility starts with the company’s value system and the principles of running business. This means that they work in a manner which, in the least, respects the fundamental rights and responsibilities in the field of human rights, labour relations, environment and fight against corruption. By incorporating the Global Compact principles into the strategies, policies and procedures as well as by creating a culture of integrity, not only do the companies respect the fundamental rights of the people and the planet but also they pave the way for a long-term success.
The major focus of the UN Global Compact are 10 principles arising from: The Universal Declaration of Human Rights, The Declaration of the International Labour Organization of Fundamental Principles and Right at Work, The Rio Declaration on Environment and Development, as well as the United Nations Convention Against Corruption.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights;
Principle 2: Make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should support the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: Elimination of all forms of forced and compulsory labour;
Principle 5: Effective abolition of child labour;
Principle 6: Elimination of discrimination in employment and occupation.
Principle 7: Businesses should support precautionary approach to environmental challenges;
Principle 8: Undertake initiatives to promote greater environmental responsibility;
Principle 9: Encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against the corruption in all its forms, including extortion and bribery