United Nations Global Compact (UNGC) Communication on Progress

Upcoming

The UN Global Compact (GC) is the world’s largest corporate citizenship initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. The ten principles are derived from United Nations Declarations and Conventions. Since 2003 UNGC signatories are required to issue an annual Communication on Progress (COP), a public disclosure to stakeholders on progress made in implementing the ten principles. Violations of the COP policy (e.g., failure to issue a COP) result in signatories’ status being changed to ‘non-communicating’, and can eventually lead to expulsion. Today the COPs are categorized into three differentiation levels (Learner, Active, Advanced) based on the depth of their disclosures. The minimum requirements are: (i) A statement by the chief executive expressing continued support for the UNGC and renewing the participant’s ongoing commitment to the initiative. (ii) A description of practical actions the company has taken or plans to take to implement the Ten Principles in each of the four areas (human rights, labour, environment, anti-corruption). And (iii) a measurement of outcomes.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Type of instrument

Legislation

Mandatory or voluntary

The geographical scope

International/regional (eg. EU)

Project Partners