Secretary-General Kofi Annan's proposal was made against the background of a constructive new relationship that had been developing between the United Nations (UN) and business - a relationship reflected in two joint declarations agreed between the Secretary-General and ICC, wherein each side recognized that their respective goals are mutually supporting.
The Global Compact was formally launched on 26 July 2000 at a meeting at the UN chaired by Kofi Annan and attended, among others, by senior officers of some 50 major companies.
The UN Global Compact is a voluntary set of ethical business principles. Businesses sign onto the Compact as a public commitment to ethical business practices. By signing the Compact, companies agree to comply with the Compact’s 10 Principles, which cover human rights, labour, the environment and anti-corruption.
The UN Global Compact’s 10th Principle calls on businesses to work against all forms of corruption, including extortion and bribery, and also encourages companies to actively develop compliance programmes as preventive measures.
ICC has a constructive working relationship with the UN on the Global Compact’s 10th Principle, which has included collaborative work to co-develop RESIST, as well as the Business Case against Corruption.
Web link to RESIST
Web link to the Business Case against Corruption