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JAN 30TH 2023

As the world continues to navigate the aftermath of the COVID-19 pandemic, one thing has become clear: globalization in business will never be the same. The disruptions to global supply chains have forced manufacturers and companies across industries to rethink their strategies and diversify their suppliers.

JAN 30TH 2023

As the world continues to navigate the aftermath of the COVID-19 pandemic, one thing has become clear: globalization in business will never be the same. The disruptions to global supply chains have forced manufacturers and companies across industries to rethink their strategies and diversify their suppliers.

Principles of the United Nations Global Compact (UNGC)

As a member of the UNGC, at Ethixbase360 our mission is to accelerate the worlds progress towards sustainability by helping businesses build supply chains that benefit people and planet. We do this by providing the data, analysis and tools businesses need to drive holistic and quantifiable improvements in supply chain resilience.

But what exactly is the UNGC? The UNGC is the United Nation’s Global Compact and is the largest corporate sustainability initiative in the world. It calls on its members to align their operations with 10 universal principles on human rights, labour, anti-corruption and environment.

What are these principles?

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.

Principle 2: Business should 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: Business should uphold the elimination of all forms of forced and compulsory labour.

Principle 5: Business should uphold the effective abolition of child labour.

Principle 6: Business should uphold the elimination of discrimination in respect of employment and occupation.

Principle 7: Businesses should support a precautionary approach to environmental challenges.

Principle 8: Businesses should undertake initiatives to promote greater environmental responsibility.

Principle 9: Businesses should encourage the development and diffusion of environmentally friendly technologies.

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

The UN Global Compact provides a universal language for corporate responsibility and provides a framework to guide all businesses regardless of size, complexity or location. Over 80% of businesses attribute their progress on sustainability to participating in the Global Compact.

We believe responsible business practices can bring about powerful change, and that’s why we support the UNGC’s principles. As a member of the UNGC, Ethixbase360 strongly aligns with these principles and our products are designed to help other businesses do the same.

To learn how we can help you meet UN Global Compact requirements, contact us today

Alternatively, explore our GreenLITE ESG module here

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Introducing Ethixbase360: The Most Comprehensive Third-Party Risk Management Platform

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