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United Nations Global Compact

The United Nations Global Compact (UNGC) is an initiative to create general principles of voluntary responsible and sustainable business behavior and to provide a mechanism for organizations to publicize their commitment to, and implementation of, these principles. In 1999, the UN Secretary General Kofi Annan called on corporations to help make economic globalization beneficial for all in a speech at the World Economic Forum in Davos, Switzerland. A year later, he introduced the original nine Global Compact Principles, in the three categories of (1) human rights, (2) labor standards, and (3) protection of the environment. The 10th principle, on corruption and bribery, was added in 2004. By 2016, more than 8,000 corporations and 4,000 other types of organizations in more than 160 countries committed to ...

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