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Global Compact Survey

071218_uni.jpgIn 2006 and 2007, UNI Finance conducted a survey on finance companies’ commitments to Principle 3 of the UN Global Compact, “Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining”. 35 major finance companies were asked to elaborate on their commitments to Principle 3. In a second step, a sample of trade unions from around the world assessed the actual practice of these companies in different countries of operation. The UN Global Compact is an international initiative that brings companies together with UN agencies, trade unions and civil society to support ten universal principles in the areas of labour, human rights, the  environment and anti-corruption. This aims at encouraging businesses worldwide to adopt social and sustainable policies and to communicate the progress made in  mplementing them. General trends emerging from both the replies of companies and the assessments of trade unions are: The labour dimension of CSR is neglected compared to issues such as the environment and broader human rights. Implementation of policies and codes of conduct beyond companies’ home countries is limited. There seems to be no comprehensive overview by group management of what is happening in other countries in terms of industrial relations. Companies’ behaviour and practice hardly go beyond national legal requirements. Companies have not yet developed tools to truly implement policies and monitor them across countries of operation. > Continue.

Message received by Covalence | Country: Global | Company: Barclays, HBOS, Royal Bank of Scotland, UBS, ABN Amro, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, Banco Santander, Societe Generale | Source: Union Network International

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