The Lithuanian Network seeks to improve business strategy of participating companies, serve as discussion, exchange and learning forum for responsible businesses and, together with the United Nations, Government, non-governmental sector develop solutions to social and environmental problems and thereby contributing to more inclusive development of economy. The main mission of the Network is to promote the vision and development of responsible business as a condition for sustainable development in Lithuania. The network provides a common framework where companies can share knowledge, expertise, and innovations in business operation, as well as initiate and implement joint projects.
The Network operates as an entirely voluntary initiative. 42 Lithuanian and multinational companies and organisations were members of the Network as of November 2006. Among the members, there are representatives of financial, insurance, telecommunications, textile, chemical and other industries, consultations and other sectors, associations, trade unions and a few academic institutions.
The activity of the Network includes regular meetings to exchange information once per month and annual meeting organised once per year. The Network convenes thematic events on the implementation of the Global Compact and Corporate Social Responsibility (CSR) principles. During 2006, thematic forums were devoted to consultations on CSR and labour standards. Members of the Network use collective action against existing or emerging problems in business, thereby calling the attention of other business representatives and the Government and inviting for joint actions in resolution of these problems (e.g. open statement of June 2006 against payment of salaries without paying taxes to the state).
The Local Network is an informal forum without strictly defined governance structure and no membership fees. Currently, the Network is facilitated by the United Nations Development Programme (UNDP) in Lithuania. While UNDP was convening the first meetings of the Network, the members introduced later on a rotating chairing and venue, which change for each meeting to be convened in a different company/organization. Starting from 2007, the Network will be lead by one of the companies – members of the Network on rotation basis for 6 months.
Companies and organisations that believe in sustainable development and responsible business, respect human and labour rights of employees, protect the environment, disagree with corruption, take interest in the development of sustainable business strategies and civil society may become members of the Network after officially joining the UN Global Compact Initiative.
Ms. Audrone Alijosiute
Participation in the Global Compact does not necessarily reflect participation in the Global Compact Local Network.
UAB "Lords LB Asset Management"
Accepted on 17 April, 2015