The UN Global Compact (UNGC) is a voluntary corporate citizenship providing a framework of 10 principles in four different categories - human rights, labour standards, the environment and anti-corruption - within which companies are invited to manage their operations. IBLF serves as the Secretariat for the UK Network of this initiative.
Since its inception in 2000 by former UN Secretary General Kofi Annan, hundreds of companies from across the world have engaged in the Global Compact.
The UK Network of the UNGC is a UK focal point for signatories of this initiative. It serves members through regular meetings to share best practice, and working groups on small and medium-sized enterprises, communications and liaison with other networks. The Network is led by a Chair with support from a Steering Committee, Secretariat, and working groups.
"Business practices rooted in universal values can bring social and economic gains"
Ban Ki-moon, UN Secretary General
The UK Network serves as a focal point of co-ordination and communication for its members and its key goals are:
- to provide UK signatories with a facility to consider and advance issues of mutual interest and concern
- to provide a mechanism through which performance and reporting on UN Global Compact principles can be improved by mutual support
- to enable participants to share and exchange practice and experience
- to provide input to the Global Compact on its future development and activity
- to promote the Global Compact principles throughout the UK business community
- to help promote and support the Global Compact worldwide
Advisory GroupThe Advisory Group works to help the Network achieve its aims and consists of representatives from both multinational corporations and SMEs. It also includes observers from government, non-governmental organisations, and trade unions. It is responsible for setting the direction of the network and approving the annual budget and programme of activity. It oversees the work of the Secretariat and reports to the full membership at UK Network meetings.