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The GC Advanced level aims to create a higher standard for corporate sustainability performance and disclosure. Companies have an opportunity to identify themselves as GC Advanced by demonstrating that they have adopted and report on a range of sustainability strategy, governance and management practices, many of them based on core United Nations and Global Compact resources (e.g. the Blueprint for Corporate Sustainability Leadership, the Guiding Principles on Business and Human Rights and the Anti-Corruption Reporting Guidance).
Companies that have a COP that meets the requirements of the GC Active level can identify the report as “GC Advanced” by :
1. Describing how they meet or plan to meet advanced criteria in their annual COP, in the following areas:
A criterion is met when a company communicates its implementation or planned implementation of commonly accepted best practices – that is, one or more of the best practices suggested under each criterion that are relevant to their context of operation.
Over time, participants who submit COPs at the GC Advanced level are encouraged to implement all best practices that are relevant to their context of operation. In cases where a COP does not address a given criterion, the reason(s) for omission should be thoroughly explained in the COP (e.g., criterion is deemed immaterial to the business, legal prohibitions, privacy considerations, competitive advantage). The best practices identified are not intended as a comprehensive list and therefore companies may choose to implement additional established or emerging best practices and indicate this in their COP self-assessment.
2. Submitting a COP to the UN Global Compact COP database, which includes completing a self-assessment regarding how COP content addresses the criteria and associated best practices.
The result of the self-assessment will be made public on the Global Compact website. Detailed results of the self-assessment and statistics on coverage of best practices will also be made public to encourage stakeholder vetting and extra-financial analysis.
Note: If a company cannot confirm that it meets all GC Advanced criteria, it will not qualify for the GC Advanced level. However, the company can choose to make the results of the self assessment public on the Global Compact website, alongside the COP, to improve the searchability and analysis of the COPs and the underlying performance.
To submit a COP for the Advanced level, please login to the Global Compact website and go to the COP submission page.
The GC Advanced level will provide companies with a more visible platform to declare their higher-level commitment to the Global Compact and demonstrate advanced sustainability performance and disclosure, including:
By making detailed information on performance and disclosure and analytical tools available on the Global Compact website, the GC Advanced level facilitates more in-depth assessment by long-term investors and other stakeholders, including:
As a multi-stakeholder platform, the Global Compact will work with investors, civil society, educators and public actors to facilitate a robust vetting process and critical assessment of companies’ progress, including:
Global Compact Differentiation and GRI Application Level SystemAt the GC Advanced level, the Global Compact recommends the use of the GRI G3 Guidelines at the Application Level A+ which indicates that use of the GRI reporting framework to the fullest extent possible, including external assurance. In an effort to further demonstrate the synergies between the two frameworks and guide companies on how the two frameworks can be used together, the Global Compact and GRI are working on a new version of “Making the Connection” scheduled to be released in 2013. |
COP Team
UN Global Compact
cop@unglobalcompact.org