United Nations Global Compact: Impact and its Critics

In the last two decades the corporate sector has started to play a growing role in the international development. The separation between business and the United Nations has become less significant.  One expression of this evolution is the United Nations Global Compact. Kofi Annan, former Secretary General launched this initiative at the 1999 World Economic Forum in Davos. The official start was in summer 2000. Since then, harsch critizism has opposed this project.  This paper will first contextualize this new rapprochement between business and the UN,  secondly the main outlines of the Global Compact will be presented and finally an overview of arguments in favour as well as arguments of opponents should provide the reader with more insights about this initiative. (…) At the moment there is no consensus about a framework in the field of corporate responsability, neither among countries nor in the business community. Thus maybe it is better to have a voluntary initiative and hope that it is going do deploy real effects than to have nothing. Image source: unglobalcompact.org. > Continue.

Publication: Covalence Analyst Paper | Country: Global |  Source: Covalence