United Nations Global Compact [1]
The UN Global Compact was launched in 2000 to bring companies together with UN agencies, labour and civil society to support universal environmental and social principles. It included more than 3,000 participating companies from some 100 countries, in addition to around 700 international civil society and labour organizations.
The Global Compact relies on public accountability, transparency and the enlightened self-interest of companies, labour and civil society to initiate and share substantive action in pursuing the principles upon which the Global Compact is based.
Objectives of Global Compact
The Global Compact is a purely voluntary initiative with two objectives:
Mainstream the ten principles in business activities around the world
Catalyse actions in support of UN goals
Principles
The Global Compact's ten principles cover the areas of human rights, labour, the environment and anti-corruption. Environment is being addressed in three principles:
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.
UN Global Compact Hydrogen related news
14.12.2005: Hydrogen powered fuel cells Further attempts to reduce carbon content mean a move to develop renewable energy sources such as wind Current age of oil, OPEC Future age of gas and beyond.
The report gives recommendations by the financial industry to better integrate environmental, social and governance issues in analysis, asset management and securities brokerage. [2]
[1] Global Compact http://www.unglobalcompact.org/AboutTheGC/index.html
[2] Who Cares Wins: Connecting Financial Markets to a Changing World
http://www.unglobalcompact.org/Issues/financial_markets/who_cares_who_wins.pdf