AGS, the 1st mover to support the Global Compact.

What is Global Compact?

The Aim of Global Compact

Global Compact is an international agreement launched by the United Nations in 2000 to encourage companies to commit to sustainable development.

The agreement, which was introduced by Kofi Annan in 1999, consists of ten universally-accepted principles which focus on human rights, labour, environment and anti-corruption.

These principles are to be integrated and applied to the company’s operations, management and strategy.  Each year participants of Global Compact report on their progress.

The objective of the Global Compact is to ensure that the international community and the business world are working towards the same goals.

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The Ten Global Compact Principles:

The UN Global Compact requires companies to embrace, support and endorse a set of core values in the following areas:

Human Rights

  • Business should support and respect the protection of internationally proclaimed human rights
  • Ensure that they are not complicit in human rights abuses.

Labour

  • Business should uphold the freedom of association and the effective recognition of the right to collective bargaining
  • The elimination of all forms of forced and compulsory labour
  • The effective abolition of child labour
  • The elimination of discrimination in respect of employment and occupation.

Environment

  • Businesses are asked to support a precautionary approach to environmental challenges
  • Undertake initiatives to promote greater environmental responsibility
  • Encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

  • Business should work against corruption in all forms, including extortion and bribery.

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