Co-operatives of the Americas supports the United Nations Global Compact
On June 17, Co-operatives of the Americas has communicated to the Secretary-General Mr. Ban Ki-moon, the signature of the United Nations Global Compact initiative promoted since 1999.
The Global Compact is a voluntary initiative in which companies commit to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anticorruption.
With more than 8,000 participating companies from 135 countries, the UN Global Compact is the largest corporate citizenship initiative. Companies join the Global Compact because they share the conviction that business practices rooted in universal principles contribute to a more stable and inclusive global market and help build thriving societies.
With the signature of the Global Compact, Cooperatives of the Americas is obliged to prepared annually, a Communication of Progress report to describe the efforts made in implementing the ten principles.
The ten principles to which Co-operatives of the Americas is committed are:
Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights.
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.
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.
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.