Published: June 25, 2010 / Author: Marlene Prost
Global corporations are finding it hard to improve human rights and corruption practices in the countries they operate in, according to the 2009 Implementation Survey released last week by the United Nations Global Compact.
But more companies say they are successfully implementing positive environmental and labor policies, according to the study, conducted among 1,044 international businesses, or nearly 20 percent of the Global Compact’s members.
The next big step for Global Compact members is to make sure that supply-chain partners also adhere to those principles. It is a daunting challenge. Two-thirds (66 percent) of members surveyed said they have considered it, while only 12 percent have told suppliers they have to comply with Global Compact principles to get the job.
Companies today measure their performance not only by financial results, but also by their ethical, social and environmental contributions, says Joseph Holt, director for executive ethics in Executive Education, Mendoza College of Business at Notre Dame University in Indiana.
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