UN Global Compact
The UN Global Compact is the world’s biggest voluntary initiative for corporate social responsibility with 8,700 member enterprises and organisations in more than 130 countries. Troldtekt joined in 2010. The aim of the UN Global Compact is a worldwide strengthening of businesses’ corporate social responsibility (CSR) initiatives.
By participating in the UN Global Compact initiative, businesses commit themselves to observing ten principles within the areas of human rights, labour rights, the environment and anti-corruption. These principles must be reflected in the individual organisation as well as its activities and an annual progress report must be submitted to the UN.
At Troldtekt, our activities and strengths have been focused on the environment and labour rights for many years. However, in developing our Code of Conduct, we are now also focusing on human rights and anti-corruption in our supplier management.
Useful management tool
Global Compact embraces the most significant principles, and by joining it Troldtekt gets a set of useful guidelines which on the one hand entail certain obligations while on the other driving and directing our CSR initiatives. All our CSR reports are available for download here.
The CSR report’s seven focus categories have been taken from a report prepared by the Ashridge Centre for Business and Sustainability for the Danish Business Authority. The reporting period always runs from October to October.
The ten principles
1. Businesses should support and respect the protection of internationally proclaimed human rights
2. Businesses should make sure that they are not complicit in human rights abuses
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining
4. Businesses should support the elimination of all forms of forced and compulsory labour
5. Businesses should support the effective abolition of child labour
6. Businesses should eliminate discrimination in respect of employment and occupation
7. Businesses should support a precautionary approach to environmental challenges
8. Businesses should undertake initiatives to promote greater environmental responsibility
9. Businesses should encourage the development and diffusion of environmentally friendly technologies
10. Businesses should work against corruption in all its forms, including extortion and bribery