Global Compact Network Singapore

UN Global Compact

What the United Nations Global Compact (UNGC) is, and what is it not

As the primary driver of globalization, businesses can play a part in ensuring that the development and advancement in commerce, technology and finance can benefit economies, communities and societies around the world.

The UNGC is a voluntary policy initiative for businesses that are committed to align their business and operations to ten universally acceptable principles in the areas human rights, labour, environmental protection and anti-corruption.

Launched in 2000, UNGC is the largest corporate responsibility initiative and is adopted by more than 10,000 corporate participants from over 130 countries. The UNGC initiative works toward the vision of a sustainable and inclusive global economy which delivers lasting benefits to people, communities, and markets by making mainstream the 10 UNGC principles in business strategy and operations around the world; and encourage business action to advance and support UN’s goals and issues, with emphasis on collaboration and collective action. This include advancing the eight Millennium Development Goals by 2015.

The UNGC is not a standard or legal obligation, and as such an organisation cannot be technically compliant to UNGC.

What are the commitments of a UNGC signatory company?

  • A company that becomes a UNGC signatory must show commitment from its highest management, eg its Chief Executive (or equivalent), and support by its highest-level governance body (for example, its Board), make UNGC principles an integral part of its business strategy, business operations and organisational culture and incorporate the UNGC principles in the decision-making processes of the highest-level governance body;
  • A signatory company will contribute to broad development objectives of the UN, through its core business activities, advocacy, philanthropy, partnerships and active outreach to peers, partners, clients, consumers and the public at large.
  • The company must also communicate publicly the efforts in which it implements the UNGC principles and supports broader development objectives. This can be done through its annual report, sustainability report or other documents. This is known as the Communication on Progress (COP). Conducting a COP has two purposes: it helps a company determine its sustainability and CSR performance under the UNGC framework, and in the process, the company maintain its status as an active signatory on the UNGC database.

What is a Local Network of UNGC?

Local networks are clusters of participants who come together in a geographic context to advance the UNGC principles. A local network’s role is to facilitate the progress of companies (both local firms and subsidiaries of foreign corporations) engaged in the UNGC and create opportunities for multi-stakeholder engagement and collective action. A local network also deepen the learning experience of participants through their own activities and events, and promote action in support of broader UN goals. Corporate participants of UNGC, including their subsidiaries, are encouraged to be involved in Local Networks. Singapore Compact for Corporate Social Responsibility is the UNGC local network in Singapore. As the national society advocating corporate responsibility and sustainable development among companies in Singapore, Singapore Compact conducts activities and events like training seminars, workshops and sharing sessions that encourages like-minded companies to come together to exchange ideas, build capacity and network to advance the CSR agenda in Singapore. 

Find out more which Singapore companies are UNGC signatories.

Self-assessment and COP toolkit

A very handy and comprehensive UNGC Self-Assessment Tool is made available by the Danish Institute for Human Rights, the Confederation of Danish Industries, the Ministry of Economic and Business Affairs and the Danish Industrialisation Fund for Developing Countries in conjunction with the UN Global Compact. Structured around the four areas of the UN Global Compact (Human Rights, Labour, Environment, Anti-Corruption), the online tool enables participants to analyse their own performance under each area in detail, and elaborates on the various principles under the UNGC for those who would like further explanation. Each area is broken down into subsections and specific issues, and includes policies and additional considerations.

The Self-Assessment tool is also useful in compiling COPs and is easy to use. Questions are answered with a single click, and the analysis will highlight areas of operations with advanced practices, as well as areas for improvement.

Singapore Compact

Support for your CSR journey

As the UNGC local network and the national society advocating CSR in Singapore, Singapore Compact runs capacity building programmes and activities that provides CSR practitioners to deepen their knowledge and learn from each other. Find out how you can be a member of Singapore Compact to enjoy preferential rate for our programmes.