UN Global Compact
The United Nations Global Compact is the world's largest initiative on Corporate Social Responsibility (CSR) and sustainable development. The goal of this global movement is to shape the globalisation of social and environmental issues.
The main element of the UN Global Compact is 10 minimum standards in the areas of labour standards, human rights, environmental protection and the fight against corruption, and support for the 17 UN Sustainable Development Goals (SDGs).
VEGA joined the United Nations Global Compact on 29 December 2016 and has been reporting annually outlining our actions ever since.
10 PRINCIPLES
Human rights
- Businesses should support and respect the protection of international human rights within their sphere of influence and
- ensure that they are not complicit in violations of human rights.
Labour standards
- Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining, as well as
- the elimination of all forms of forced labour;
- the abolition of child labour and
- the elimination of discrimination in employment and occupation.
Environmental protection
- Businesses should support a precautionary approach to environmental issues,
- take initiatives to create a greater sense of environmental responsibility, and
- promote the development and dissemination of environmentally friendly technologies.
Fight against corruption
- Businesses should oppose all forms of corruption, including extortion and bribery.
SUSTAINABLE DEVELOPMENT GOALS
Sustainable Development Goals (SDGs) are 17 global sustainable development goals adopted by the United Nations (UN) in January 2016. Divided into 169 sub-goals, these are linked to the UN Millennium Development Goals (MDGs). Ecological, economic and social challenges such as climate change, inequality and poverty are to be solved by 2030 through this strategy. This requires a global, national and societal approach.
