UN Global Compact
In 2000, the then Secretary-General of the United Nations, Kofi Annan, launched the Global Compact to harness the power of collective action in the promotion of responsible corporate citizenship. The Global Compact provides a framework of ten principles in four different categories - human rights, labour standards, the environment & anti-corruption - within which companies are invited to manage their operations.
EI applies the following ten principles of the
UN Global Compact
:
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.
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.
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.
Principle 10 : Businesses should work against corruption in all its forms, including extortion and bribery.