The UN Global Compact is the world’s largest corporate sustainability initiative. It is both a practical framework for action and a platform for demonstrating corporate commitment and leadership. It is a call to companies to align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals. At the UN Global Compact, we aim to mobilize a global movement of sustainable companies and stakeholders to create the world we want. That’s our vision.
To make this happen, the UN Global Compact supports companies to:
- Do business responsibly by aligning their strategies and operations with Ten Principles on human rights, labour, environment and anti-corruption; and
- Take strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals, with an emphasis on collaboration and innovation.
Gender and the Global Compact
The Global Compact believes that at a minimum, business has the responsibility to respect the rights of women and girls, such as by putting in place non-discrimination and sexual harassment policies. In addition, companies can create inclusive business models and invest in women’s economic empowerment programmes. They can also partner with organisations to advance women’s rights and advocate for gender equality policies. Such actions to support women’s rights should be a complement, not a substitute for respecting women’s rights. The Global Compact considers that companies that focus on women’s empowerment experience greater business success, stating that research shows investing in women and girls can lead to increases in productivity, organisational effectiveness, return on investment and higher consumer satisfaction
Global Compact Network Australia
In Australia, the business-led Global Compact Network (GCNA) brings together signatories to the UN Global Compact, including a number of Australia’s leading companies, non-profits and universities, to advance corporate sustainability and the private sector’s contribution to sustainable development. We do this through a platform for dialogue, learning, influence and action that is inclusive, practical and leading edge, supporting our companies’ practical implementation efforts and bringing the UN Global Compact to life in the Australian context and wherever Australian companies operate.
Global Compact and the SDGs
The UN Global Compact’s multi-year strategy to drive business awareness and action in support of achieving the Sustainable Development Goals by 2030. Responsible business and investment – rooted in universal principles – will be essential to achieving transformational change through the SDGs. For companies, successful implementation will strengthen the enabling environment for doing business and building markets around the world.