UN Global Compact
Your goal is to be a recognized member of the United Nations Global Compact initiative.
Your goal is to become and remain compliant with the ten universal principles of the United Nations Global Compact, which cover human rights, labor standards, the environment and anti-corruption.
You are looking to do business responsibly, to have a positive impact and to become more sustainable. To do so, you are ready to adopt and implement ESG (Environmental, Social and Governance) mechanisms, procedures and measures.
What is UN Global Compact ?
The UN Global Compact is the world’s largest sustainability initiative with the mission to mobilize a global movement of sustainable companies and stakeholders to do business responsibly by aligning their strategies and operations with the Ten Principles.
The Ten Principles are a set of rules in the areas of Human Rights, Labour, Environment and Anti-Corruption. Providing these principles as benchmark, the UN Global Compact encourages businesses to meet the challenges created by the climate crisis, to promote sustainability and incorporate more alternative energy, social equality and to enhance transparency around corporate governance. As such, demonstrates a membership of the UN Global Compact an expanded commitment to corporate sustainability and environment, social and governance (ESG) standards.
The adoption of ESG standards have developed to be a global trend, as more and more investment firms and banks saw ESG programs as an indicator for profitable and promising investments. By respecting and promoting the UN Global Compact, your business might not just become more attractive for potential investors, costumers and new talents, but you will be part of a bigger mission to create a better world.
This solution will guide you how to, step by step, respect the Ten Principles of the UN Global Compact and to integrate the principles into your business strategy and daily operations.
Use our software solution to develop and deploy the UN Global Compact
1. Manage the administration of the compliance of your organization with complete autonomy and flexibility
Answer our UN Global Compact questionnaire to the best of your knowledge. Additional internal research may be required to answer all questions precisely. This is of major importance, as, based on your answers, we will evaluate your level of compliance and analyze your gaps.
- Unlimited users/user type.
- Tutorials for self-learning of the solution.
- Premium online support.
2. Identify and reinforce your compliance with the control elements applicable to your organisational structure
After assessing your level of compliance, we will design your customized compliance framework, consisting of actions and recommendations, best practice methods and actions to become compliant with the UN Global Compact’s ten principles.
- Pre-identification of applied checkpoints.
- Proof of achievement or non-achievement required for each checkpoint.
- Collaborative evaluation and controls.
3. Create and prioritize compliance actions to be taken if non-compliant.
Follow our recommendations and steps to comply with the ten principles of the UN Global Compact. Ensure that you fully implement and deploy the suggested actions and practices as part of your daily business strategies and operations. Since you not only want to become compliant, but also to remain compliant, this will likely be an ongoing process that will require time, effort and resources. During this time, employees, as well as other stakeholders, need to be informed and educated about UN Global membership and the upcoming changes.
- Automated action plan with pre-populated modifiable recommendations.
- Managing collaborative compliance actions.
4. Deploy compliance and provide proof of Compliance.
One of the requirements for becoming and remaining a recognized member of the UN Global Compact is the annual provision of a Communication on Progress (COP). After providing us with the necessary information, our solution will automatically create your COP, which you can publish and upload to the UN Global Compact website. In addition, our solution’s automated approach will help you create new codes of conduct and policies, as required by the UN Global Compact’s ten principles.
After setting up the basis of your compliance (drafting control procedures, policies and action plan, …) you will be able through our Documentation and Training modules to:
- Develop good practices in terms of compliances in place.
- Organize and follow the training/awareness of employees to the rules of practical practice.
Smart Global Governance is the operational software solution to automate key processes in Ethics, Compliance and Controls. It can be used to implement and manage all applicable local and international regulations as well as internal controls and policies.