Monday, 3 September 2012

Tools to keep care-less corporates care-full - PART 1 : United Nations Global Compact and Reprisk

Those who visit The Network regularly will realise that I have been following closely reports of the merger of Xstrata and Glencore.  In the course of my research, I have come across two sites which may be of use to those trying to hold care-less corporates to account for poor occupational health & safety standards, pollution, ecological damage, as well as impacts on communities and traditional ways of indigenous people.



The United Nations Global Compact is described by UN Secretary-General Ban Ki-Moon as follows:

The Global Compact asks companies to embrace universal principles and to partner with the United Nations.  It has grown to become a critical platform for the UN to engage effectively with enlightened global business. 

There are ten principles undergirding the Global Compact which come under four distinct headings:


·         Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
·         Principle 2: make sure that they are not complicit in human rights abuses.  

·         Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
·         Principle 4: the elimination of all forms of forced and compulsory labour;
·         Principle 5: the effective abolition of child labour; and
·         Principle 6: the elimination of discrimination in respect of employment and occupation.
 
·         Principle 7: Businesses should support a precautionary approach to environmental challenges;
·         Principle 8: undertake initiatives to promote greater environmental responsibility; and
·         Principle 9: encourage the development and diffusion of environmentally friendly technologies.   

·         Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Below, Networkers will find embedded in this post the 2011 Global Compact Implementation Survey



Reprisk provides business intelligence on environmental, social and governance risks (ESG).  Analysts monitor issues in accordance with established international standards, and identify published negative sentiment from a wide range of stakeholders on an unlimited universe of companies and projects.


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