The Global Compact is an initiative developed by the ONU´s General Secretary and former Kofi Annan to mobilize the international business community for the adoption of fundamental and internationally accepted values in the human rights, Labor relations, the environment and the fight against corruption reflected in 10 principles. This initiative counts with the participation of United Nations agencies, companies, unions, non-governmental organizations and other partners necessary to build a more inclusive and egalitarian global market. Today there are more than 12,000 signatory organizations articulated by about 150 networks around the world.
The companies participating in the Global Compact are diverse and represent different sectors of the economy, geographic regions and seek to manage their growth in a responsible manner, which addresses the interests and concerns of their stakeholders – including employees, investors, consumers, militant organizations, business associations and community.
The Global Compact is not a regulatory tool, a mandatory code of conduct or a forum for policing management policies and practices. It is a voluntary initiative that seeks to provide guidelines for the promotion of sustainable growth and citizenship through committed and innovative corporate leadership.
The Global Compact has a reference website on corporate citizenship with information on initiatives of the ONU´s offices, scheduled events and information on signatory companies in Brazil and worldwide (www.unglobalcompact.org). In addition to complementing corporate social responsibility practices and being a worldwide commitment, the Global Compact is an important initiative and basis for the creation of ISO 26000 CSR.