"Ten principles of Global Compact" from the area of human rights, labour, the environment and anti-corruption policy originate 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
- 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, employment, environment and anti-corruption.
- 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; and
- Principle 4: the elimination of all forms of forced and compulsory labour,
- Principle 5: the effective abolition of child labour,
- 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
- 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
Establishing Global Compact in Serbia
As a response to the growing interest for Corporate Social Responsibility, on December 6, 2007 in the premises of the National Bank of Serbia in Belgrade, the UNDP office in Serbia and the National Bank of Serbia had promoted the United Nations initiative for improvement of Corporate Social Responsibility under the name "Global Compact".
In that manner Serbia has also joined the largest global voluntary association dedicated to promoting socially responsible operations, which includes over 5000 participants and interest groups from over 130 countries. The promotion of United Nations Global Compact was attended by large number of representatives from government and non-government sector, companies, civil society organizations and academic institutions.
On that occasion United Nations Global Compact has been joined by first companies: BFC Lafarge, Holcim, Deloitte and Cisco System; banks: Eurobank EFG, Pireaus Bank, Societe Generale Bank and Crédit Agricole Serbia; and by non-government organization SMart Kolektiv.
In the meantime Global Compact network in Serbia was joined by more than 30 companies devoted to the principles of Corporate Social Responsibility.
Parts of the text have taken from the website of Global Compact Serbia: http://www.unglobalcompact.rs