By encouraging companies to operate responsibly and take strategic actions that support society, the UN Global Compact works to ensure that business activity adds value not only to the bottom-line, but also to people, communities and the planet.
We ask companies to take a comprehensive approach to sustainability, and lay out 5 essential elements of corporate sustainability which we help business put into practice:
Foremost companies must (1) operate responsibly in alignment with universal principles and (2) take strategic actions that support the society around them. Then, to push sustainability deep into the corporate identity, companies must (3) commit at the highest level, (4) report annually on their efforts, and (5) engage locally where they have a presence.
The UN Global Compact supports companies to address the entire range of ESG issues, believing that responsible businesses enact the same values and principles wherever they have a presence, and that good practices in one area do not offset harm in another.
Importantly, we also engage closely civil society and other critical players, including investors, educators, consumers and policymakers to help create an enabling environment for responsible business. And as part of the United Nations, we bring the voice of business to major UN summits and negotiations.