Cover photo for TOOL Compliance: UN Global Compact´s 10 Principles

TOOL Spawn in Essential Links2 yr. ago

TOOL Compliance: UN Global Compact´s 10 Principles

TOOL follow The Ten Principles of the UN Global Compact, and require the same from community partners and members.

Content source: UN Global Compact

Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success. The Ten Principles of the United Nations Global Compact are derived from: the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.

TOOL Partners & members should ensure and strive for delivering on the 10 principles.

Human Rights Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and Principle 2: make sure that they are not complicit in human rights abuses. Labour 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 labour; Principle 5: the effective abolition of child labour; and 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; and 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.

Its all about collaboration for the goals!

TOOL consider the UN SDGs as fundament for all our work, and encourage all partners & our industry to deep-dive into the 17 goals, to build all new business streams and solutions in a way that delivers on the global goals.

Visit UN Global Compact and explore how your company can advance each of the SDGs

Sustainable Development Goals, Ocean, TOOL, The Ocean Opportunity Lab
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