UN Global Compact

In April 2008, NIREUS signed up for the UN Global Compact, a strategic policy initiative whose 10 principles focus not only on human rights, but also on working conditions, environmental sustainability and anti-corruption.
 
The United Nations Global Compact (UNGC) is both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment and anti-corruption and to catalyze actions in support of broader UN goals.

The Global Compact is the largest voluntary corporate responsibility initiative in the world and is embraced by over 8700 corporate participants and other stakeholders from over 130 countries. The Hellenic Global Compact Network was launched in May 2008 and Nireus was one of its earliest members.

The Global Compact incorporates transparency and accountability policy known as Communication on Progress (COP). Participant companies are required to demonstrate their commitment with the annual posting of the COP. Failure to communicate will result in change in participant status and possible expulsion.

Nireus latest Communication on Progress 2016 report

 

Τhe 10 Principles of the UN Global Compact

Human Rights

  • Principle 1: Businesses 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.  


Labor

  • 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; and
  • Principle 6: the elimination of discrimination in respect of employment and occupation.  

 
Environment

  • Principle 7: Businesses 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 environmentally friendly technologies.   


Anti-Corruption

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


For more information about the UNGC strategic policy initiative visit the UN Global Compact web site.

 

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