Basic Introduction of United Nations Global Compact (UNGC)
UNGC is part of the United Nations Secretariat, headquartered in New York, and is the world's largest international organization to promote corporate social responsibility and sustainable development. In 2004, UNGC published “Who Cares Wins”, a report that first introduced the concept of Environmental, Social and Governance (ESG), and together with 20 financial institutions, gave recommendations to the financial industry to better apply ESG in the areas of analytics, asset management and securities trading. In the past 20 years, UNGC has been committed to promoting the concept and principles of ESG and helping companies in all countries to embark on a path of sustainable development, in line with its mission of "Uniting Global Businesses for a Better World".
The Ten Principles of the UN Global Compact
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights
Principle 2: Make sure that they are not complicit in human rights abuses
Labor
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining
Principle 4: The elimination of all forms of forced and compulsory labor
Principle 5: The effective abolition of child labor
Principle 6:The elimination of discrimination in respect of employment and occupation
Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges
Principle 8: Undertake initiatives to promote greater environmental responsibility
Principle 9: Encourage the development and diffusion of environmentally friendly technologies
Anti-Corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery
UNGC 17 Sustainable Development Goals (SDGs)
Goal 1: No Poverty
Goal 2: Zero Hunger
Goal 3: Good health and well-being
Goal 4: Quality Education
Goal 5: Gender Equality
Goal 6: Clean Water and sanitation
Goal 7: Affordable and clean energy
Goal 8: Decent Work and Economic Growth
Goal 9: Industry, Innovation and Infrastructure
Goal 10: Reduced Inequalities
Goal 11: Sustainable Cities and Communities
Goal 12: Ensure sustainable consumption and production patterns
Goal 13: Take urgent action to combat climate change and its impacts
Goal 14: Conserve and sustainably use the oceans, seas and marine resources
Goal 15: Life on Land
Goal 16: Peace, Justice and Strong Institutions
Goal 17: Sustainable Cities and Communities
