The United Nations Global Compact presents a unique strategic platform for participants to advance their commitments to sustainability and corporate citizenship. Structured as a public–private initiative, the Global Compact offers a policy framework for the development, implementation and disclosure of sustainability principles and practices related to its four core areas: human rights, labour, the environment and anti-corruption. Indeed, managing the enterprise risks and opportunities related to these areas is today a widely understood aspect of long-term "value creation" — value creation that can simultaneously benefit the private sector and societies at large.
With over 10,000 business participants and other stakeholders from more than 145 countries, the Global Compact offers participants a wide spectrum of specialized workstreams, management tools and resources, and topical programmes and projects — all designed to help advance sustainable business models and markets in order to contribute to the initiative's overarching objective of helping to build a more sustainable and inclusive global economy.
The Global Compact is a leadership initiative, involving a commitment by a company's Chief Executive Officer (or equivalent), and supported by the highest-level Governance body of the organization (eg, the Board).
Participation in the Global Compact is a widely visible commitment to the implementation, disclosure, and promotion of its ten universal principles. A company joining the initiative is expected to:
Upon joining the UN Global Compact, companies are asked to make a regular annual contribution to support the work of the UN Global Compact Office. This revenue is critical to the development of value-maximizing programmes, projects and resources for the benefit of all participating companies. These contributions are received, administered and distributed through the Foundation for the Global Compact – a non-profit 501(c)(3) – and are therefore tax deductible in many jurisdictions.
For 2013, the annual contribution amounts are set, by company size, as follows:
|Annual sales/revenue||Annual contribution|
|Less than USD 50 million||Any amount|
|USD 50 million - USD 250 million||USD 5,000|
|USD 250 million - USD 1 billion||USD 10,000|
|USD 1 billion - USD 10 billion||USD 15,000|
|Greater than USD 10 billion||USD 15,000+|
Participation in the Global Compact offers numerous benefits: