Various stakeholder groups are mounting calls for Boards of Directors to take sustainability into account while adhering to their legal duties to shareholders. This puts questions about fiduciary duty front and center. Careful legal analyses of such questions have been prepared over the past year by law firms all over the world. The collection of memoranda below will inform and enrich discussion among Board directors, and the lawyers who counsel them, about how changing circumstances near and far are affecting their ability to meet fiduciary duty requirements. Prof. Robert G. Eccles and Tim Youmans of Harvard Business School have led this collaboration which included the UN Global Compact, the American Bar Association’s Task Force on Sustainable Development and PRI, Their aim was to gather legal perspectives from law firms in a wide range of countries. Each participating law firm used a standard research template developed by Linklaters in the UK to structure their respective legal memo. The legal memos are posted below with the permission of the participating firms. To further grow the research, enquiries from law firms in countries that do not already have a legal memo are welcome. If you do not see your country listed and want to know if one is being prepared, please contact Ingvild Soerensen (email@example.com).
Marking the UN Global Compact’s 15th anniversary, Global Compact +15 brought business and civil society to the United Nations to show how the private sector is taking action and partnering to advance societal priorities, with an emphasis on the United Nations global agenda for sustainable development (i.e. the Sustainable Development Goals – SDGs). The General Assembly Session was a unique gathering of all participants and special guests in the UN General Assembly Hall. Together participants aimed to demonstrate to Governments the private sector’s critical role in solving our world’s greatest challenges and show how the Global Compact’s work is at the heart of the United Nations agenda.
Provides options for combating market corruption based on “how to” examples, including a range of tools that help users tailor collective action frameworks to their specific circumstances.
Provides guidance on how businesses and business schools can collaborate to co-create solutions for sustainability challenges. The toolkit and brochure feature inspiring examples of partnerships, categorized under five themes: influencing, training, collaborating, researching and consulting.
Examines the aggregate results of companies using the Women's Empowerment Principles Gender Gap Analysis Tool (WEPs Tool) with an aim to provide insights on global corporate performance on gender equality and women's empowerment aligned with the WEPs, demonstrate the value of using the WEPs Tool, and showcase the efforts of partners and other stakeholders to drive gender equality around the world.
The ILO Helpdesk is a service from the International Labour Organization that provides a one-stop-shop to help company managers and workers understand the application of international labour standards.
Co-hosted by the UN Global Compact, UN Women, GBCHealth and the RAISE Health Initiative, this webinar explores leading practices in meeting the health needs of women workers in the workplace of supplier factories and corporate subsidiaries. It features a panel discussion describing activities that can enable companies to achieve gender-specific development goals and to respect and support human rights. These include the Family Planning 2020 Goals, the Millennium Development Goals, Women’s Empowerment Principles and the UN Guiding Principles on Business and Human Rights.
Explore the human rights responsibilities, the practical implications, as well as the common challenges and pitfalls faced by business when addressing adverse human rights impacts connected to product misuse.
Chief Executives of Caring for Climate and UNEP-FI signatories engaged in a high-level meeting together with Government representatives, including representatives of relevant bodies established under the UNFCCC. The high-level meeting put forward an overview of all commitments and contributions by business and investors towards COP21. Following welcoming remarks, participants engaged in discussions focused on pricing the cost of carbon emissions. The event concluded with a report-back segment and key recommendations for Government actions that would help bring greater scale and quality to corporate climate leadership globally. The high-level meeting was the focus area business event under the Lima-Paris Action Agenda.
The United Nations has worked since its founding to achieve a shared, secure and sustainable future for all of the world's people. The vision and aspirations of the first United Nations members in 1945, as they set out to be "architects of a better world", remain a beacon today – not just for Governments, but also for the thousands of companies and civil society organizations that have become key partners in tackling our world's most pressing challenges. Chaired by UN Secretary-General Ban Ki-moon, the UN Global Compact Leaders Summit 2013: Architects of a Better World brought together chief executives with leaders from civil society, Government and the United Nations to unveil a new global architecture for corporate sustainability. Photo & Video Credits: Brian Thompson, Devin, euronews, Flashback (The New History GCSE Series), Intel Corporation, Jurjen Versteeg and Synple, Microsoft Corporation, Planetary Collective and Piranha, The Rock Family Worship Center, Silverstein Properties Inc, The U.S. National Archives and Records Administration
This guide features 21 examples of how companies from a wide range of sectors and countries have approached the challenge of implementing the ten principles and engaging in partnerships for development.
One of the early questions a company must answer in meeting its corporate responsibility to respect human rights is deciding how it will organize the human rights function internally to effectively drive the process of embedding respect for human (including labor) rights. This Good Practice Note surveys a number of company experiences in organizing the human rights function internally; based on those experiences, it draws out some ‘emerging good practice guidance’ for companies, highlighting a series of questions that may help inform corporate decision-making on how best to organize the human rights function.