After the signature

01 Jun 2008

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Becoming a better corporate enterprise is not easy, and many businesses find the first step overwhelming, even daunting at times. The Global Compact Office in New York has therefore recently published a guide titled “After the Signature” to guide companies that have newly signed the UN Global Compact in assisting them in their first steps and during their journey as a Global Compact participant.

New Horizons - “After the Signature” aims to offer guidance in making the Global Compact and its principles part of business strategies and operations by steering businesses through the major elements of participation and helping them develop strategies that will lead businesses to success. It will not only ensure that businesses understand what is expected of their participation but will also enable them to maximize the benefits of what the Global Compact membership offers. Understanding and implementing the ten principles of the Global Compact will enable businesses to build trust in new markets, engage in responsible business practices and promote sustainable development.

“After the Signature” also contains a section on the three steps of creating, sharing and submitting a “Communication on Progress” that companies are required to prepare in order to portray the progress made by a company in internalizing corporate policies as well as for their accountability, transparency and more importantly for their continous improvement.

The guide also sheds light on maximizing companies’ engagement by reflecting on partnerships, local networks, advocacy and awareness, policy dialogues, learning and collective action.

“After the Signature” was also translated into Turkish by Ayşegül Hatay and was published with the support of the British Council.

The Global Compact that was officially launched in 2000 is a voluntary international corporate citizenship network that brings together the private and the public business sectors as well as various UN agencies and the civil society to meet the challenges of globalization. The Global Compact operates around ten principles in the fields of human rights, labour, environment and anti-corruption in order to put an end to discrimination of work force and to increase environmental sustainability. The signatories of the Global Compact integrate these ten principles into their business strategies for transparency and sustainable development and prepare regular reports on their stance. Today Global Compact has over 4 thousand participants in 100 countries.

To read “After the Signature” please click here.