14 March 2006 – The Global Compact Office announced today that the Federation of Migros Cooperatives, Switzerland's leading retailer and largest employer, has committed to the initiative’s ten principles. With a workforce of 80,000, Migros operates approximately 600 retail outlets including supermarkets and department stores, as well as banking and insurance units, among others. The organization’s annual sales top 20 billion Swiss Francs ($15.4 billion, €12.8 billion) and many of its brands are among the most recognized in Switzerland.
Since Migros’ founding in 1925, consumer advocacy has played a role in its mission and strategy. The federation’s charter requires that 0.5% of sales are spent on community development. Migros undertakes a number of activities and initiatives related to the environment, social issues and workplace standards including: the Business Social Compliance Initiative for human rights and workers conditions; the Global Food Safety Initiative for food safety standards and compliance; and EurepGAP for sustainable production systems in agriculture, among many other initiatives and partnership projects.
The Federation of Migros Cooperatives joins a growing number of stakeholders from business, civil society and labour in Switzerland that are participating in the Global Compact. With 2,900 participants and other stakeholders from 90 countries, the Global Compact is the world’s largest voluntary corporate citizenship initiative.
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