The 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:
The principles enjoy universal consensus and are derived from:
- The Universal Declaration of Human Rights
- The International Labour Organization’s Declaration on fundamental Principles and Rights at Work
- The Rio Declaration on Environment and Development
- The United Nations Convention Against Corruption
Principle 1: Business 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: Business 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: Business 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 environmental friendly technologies.
Principle 10: Business should work against corruption in all its forms, including extortion and bribery.