Analyzing progress
The COP policy was developed to provide a platform for transparency and integrity, allowing stakeholders to ensure companies live up to their commitment to the Global Compact principles. Such stakeholder vetting is a cornerstone of the Global Compact’s mission to promote transparency and disclosure as a means of driving performance. It aims to provide stakeholders with material information to make informed choices about the companies they interact with, either as consumers, investors, or employees.
Searching COPs
How Stakeholders Can Use COPs
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Measure individual and collective progress and integrity, looking at companies’ performance and disclosure, their level in the Global Compact Differentiation Framework (basic, intermediate, advance) and their communication status (communicating vs. non-communicating and expelled), etc.
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Identify trends and pressing issues. Voluntary actions by companies, as described in COPs, provide a unique perspective from those who operate on the ground about what they believe to be the most pressing issues.
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Choose the best course of actions. COPs are an invaluable source of information on what companies are already doing in a certain area and on innovative ways that a business can contribute to UN goals.
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Identify resources. COPs can be used to identify resources that companies are using to contribute to innovative solutions or projects.
Dissemination of COPs to Financial Markets
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Collaboration with Bloomberg L.P. The Global Compact is working closely with Bloomberg LP to make COPs available to the mainstream financial community in order to their use, mainstream the use of environmental, social and governance (ESG) information in financial analysis. It is expected that this will generate further incentives for companies to increase transparency and disclosure.
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Investors Engagement through Principles for Responsible Investments (PRI). For three consecutive years Aviva Investors has led a collaborative engagement with participants of the UN Global Compact (UNGC) regarding their Communication on Progress (COP). Aviva Investors and other signatories send a letter to the Chief Executives of listed UNGC signatories, in order to either: (1) welcome particularly good practice (‘leaders’), or, conversely, (2) challenge non conforming companies to regain full participant status (‘laggards’).
Contact
COP Team
UN Global Compact
cop@unglobalcompact.org
(Last updated: 15 June 2011)
