The UN Global Compact's ten principles in the areas of human rights, labour, the environment and anti-corruption enjoy universal consensus and are derived from:
The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption:
· 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.