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Global Compact

05/31/2016 - 04:30 PM

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The United Nations Global Compact is a multi-stakeholder network joining governments, enterprises, UN agencies, labour and civil society, aimed at promoting on a global scale the culture of corporate citizenship.

The initiative was launched for the first time in January 1999, by the then UN Secretary General Kofi Annan, in his speech in Davos at the World Economic Forum. At that meeting, Kofi Annan invited the leaders of the world economy to make a Global Compact to support nine universal principles in the area of human rights, work and protection of the environment. Since June 2004, a tenth principle for the fight against corruption has been added to the first nine.

Since it became operational in July 2000 at United Nations General Headquarters, the Global Compact has developed rapidly and is now the prime global forum called upon to face the most critical aspects of globalisation. A growing number of enterprises and organisations from all parts of the world are participating; they decide to collaborate on a volunteer basis to contribute to creating “a more inclusive and sustainable global economy” through the sharing, implementation and dissemination of the principles promoted by the initiative.

The basic idea of the Global Compact is that the enterprises having a long term strategic vision orientated towards social responsibility, innovation and accountability, may contribute to a new phase of globalisation characterised by sustainability, international cooperation and partnership in a multi-stakeholder prospect.

In accordance with this, the initiative has two complementary aims:

  • To make the Global Compact and its ten principles become an integral part of the strategy and day to day operations of the member enterprises;
  • Encourage and facilitate dialogue and cooperation of all major stakeholders to support the ten principles promoted by the initiative and the broader goals of the United Nations.

In 2015 Telecom Italy has participated in some events organized by the UN Global Compact, namely:

  • Global Compact + 15 Meeting: Business as a force for good, held in New York June 23 to 25, or fifteen years after the launch of the United Nations Global Compact. During the event, among other things, business and civil society discussed and showed the crucial role of the private sector in taking action to advance societal priorities, with an emphasis on the United Nations global agenda for sustainable development (in primis, the Sustainable Development Goals launched in September 2015);
  • Global Compact + 15 Europe: Conference on the future of Corporate Sustainability and the UN Global Compact in Europe, held in Berlin on 13 and 14 October 2015, which saw the participation of European networks of the Global Compact, to discuss the future of corporate sustainability and of the UN Global Compact in Europe. The conference also facilitated the learning and dialogue among companies and between them and relevant stakeholders from governments, civil society, business associations and other organizations. During the conference were discussed the "Sustainable Developments Goals", adopted a few weeks earlier in New York, and was launched the multi-stakeholder initiative "The Alliance for Integrity - Collective Action on Principle 10" implemented on behalf of the Federal Ministry for Cooperation and economic Development (l ' "Alliance" aims to prevent corruption in the economic system, and already active in some countries, such as Brazil, Ghana and India);
  • 4th Annual UN Forum on Business and Human Rights, held in Geneva 16 to 18 November 2015. Several issues were discussed during the Forum including: Strengthening multi-stakeholder dialogue and engagement, discussing effective ways to measure and report on progress to implement the Guiding Principles on Business and Human Rights, exploring access to effective remedy.

The Global Compact operates on the local level through territorial networks. For information on the projects, activities and initiatives of the Global Compact Network Italia see the website www.globalcompactnetwork.org