The Global Compact
This paper traces the origins and growth of the Global Compact, the UN's corporate citizenship initiative, from the time of its launch in June 2000. The Compact aims at making the process of globalisation more inclusive and, consequently, less fragile. The main engagement mechanisms of the Compactleadership, policy dialogue, learning, partnership projects and outreach activitiesare described and analysed. Roles and responsibilities of the central and supporting actors in the Compactgovernments, business, civil society and labourare outlined. The section on Compact governance places particular emphasis on the fact that the Compact is a voluntary initiative and does not intend to either regulate or monitor participant activities. The strategic direction of the Compact in 2003 includes a greater focus on policy dialogues and on increasing accountability and transparency in participants' Compact-related activities. The Compact's geographical spread and progress are evaluated. The central challenges the Compact will face as a consequence of multiple forces at play in the global arena are examined.
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Document Type: Research Article
Publication date: 01 September 2003
More about this publication?
- The Journal of Corporate Citizenship focuses explicitly on integrating theory about corporate citizenship with management practice. This means that the journal provides a forum in which the tensions and practical realities of making corporate citizenship real are addressed in a reader-friendly, yet conceptually and empirically rigorous format. The Journal of Corporate Citizenship aims to publish the best ideas integrating the theory and practice of corporate citizenship in a format that is readable, accessible, engaging, interesting and useful for readers in business, consultancy, government, NGOs and academia. This peer-reviewed journal encourages practical, theoretically sound, and (when relevant) empirically rigorous manuscripts that address real-world implications of corporate citizenship in global and local contexts.
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