Compliance with two principles of the Global Compact
The company you selected in Assessment One is currently a signatory to the United Nation’s Global Compact, or considering becoming a member. The United Nation’s Global Compact guides companies’ social performance. Like all signatories, your company would be or is planning to be a member of their Global Compact Local Network, which aims to achieve compliance with the ten principles of the Global Compact.
In this scenario, your company wants to identify ways of improving compliance to two of the Global Compact principles. Your task is to write a persuasive piece of internal communication addressed to your company, as a member of staff. The goal of the submission is to propose recommendations to achieve or improve compliance with two principles of the Global Compact.
In your own words, the Submission will:
1. Review and present a selection of business practices and/or approaches from your company that may be used to achieve compliance to the two principles of the Global Compact. If your company is not yet a signatory of the UNGC, you can research the business practices from other companies in similar industries that are already signatories to help determine benchmarks for best practice, but remember to write your submission on your company.
2. Discuss both the positive and negative lessons learned from these business practices and approaches.
3. Develop business practice recommendations, which will improve compliance to the two Global principles. These should be based on the review you have undertaken and your understanding of the lessons learned.
4. Discuss the benefits, challenges and risks for key stakeholders if these recommendations are implemented.