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The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten

universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary

driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and

societies everywhere.

 Secretary-General of the UN, Mr. Kofi Annan, who spoke to world economic leaders at the World Economic Forum, 1999 inviting and urging

them to collaborate with UN agencies to support global efforts for sustainable developments. Following this appeal, the UN Global Compact

was officially launched in 2000 as a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the

environment and anti-corruption. The 10 Global Compact Principles spell out how companies can incorporate Labour Standards, Human

Rights, Environment and Anti-corruption as an integrated part of their corporate culture or way of doing business.

Human Rights:

 1.Businesses should support and respect the protection of internationally proclaimed human rights;

 2. Make sure that they are not complicit in human rights abuse  

Labour:

 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

 4. The elimination of all forms of forced and compulsory labour;

 5. The effective abolition of child labour; and

 6. The elimination of discrimination in respect of employment and occupation. 

Environment:

 7. Businesses should support a precautionary approach to environmental challenges;

 8. Undertake initiatives to promote greater environmental responsibility;

 9. Encourage the development and diffusion of environmentally friendly technologies. 

Anti-corruption

10. Businesses should work against corruption in all its forms, including extortion and bribery.

 

Since then the UN Global Compact has become the world’s largest corporate citizenship and private sector sustainability initiative with more

than over 12,000 business participants and other stakeholders from over 145 countries around the world.

 UN Global Compact Local Network Azerbaijan 

Azerbaijan ’s strongest corporate citizenship movement committed to the areas of human rights, labour, environment and anti-corruption.

  To engage the un global compact signatories in Azerbaijan  through local events and the fostering of a strong, supportive network of like-

minded businesses . The GC process was introduced in Azerbaijan in 2006 and the national chapter of GC was officially launched in

November 2011 with the joining of private enterprises and not-for-profit organizations who had expressed their commitment to the

principles of GC. Presently, there are 19 members of global compact local network (GCLN ) in Azerbaijan, representing business sector, civil

society, and the academic community. The local network provides a leadership platform and a forum for members to learn from each other

through joint problem solving and the sharing of knowledge, experience and expertise.

 

The Centre of Studying of Economic Resources Public Union was electedas official representative of the global compact network

Azerbaijan since 2013.