PROMOTING THE GLOBAL COMPACT PRINCIPLES

Since 2005, Fondation Guilé has been actively encouraging compliance with the universal principles of the United Nations Global Compact. These 10 principles, covering human rights, the right to work, environmental protection, and the fight against corruption, are universally applicable to varying extents, regardless of the size of a company or the region it operates in.

Begun by former UN Secretary General Kofi Annan, the idea for the Global Compact was first unveiled in Switzerland in 1999 during the World Economic Forum in Davos. One year later, the initiative was implemented in order to attract the attention of business leaders and have them commit to following these civic principles voluntarily with self-regulation.

The United Nations Global Compact is not a binding regulation but a process that calls for companies throughout the world to exhibit full transparency to their many stakeholders in all nonfinancial aspects related to ESG challenges (environmental, social, governance). Consequently, this initiative supports the foundation’s vision of creating value for shareholders while at the same time contributing to the common good in a manner that goes beyond the dispassionate rules of governance.

In 2006, Fondation Guile had signed a Memorandum of Understanding with the Global Compact office to act as a booster for these 10 principles.

Memorandum of Understanding – 2006

Fondation Guile also collaborated with the UN Global Compact in designing the “Blueprint for Corporate Sustainability Leadership”: read more