Azernews.Az

UNDP Azerbaijan is going to hold the official launch of the global compact network in Azerbaijan on Wednesday.

Launched in July 2000, the UN Global Compact (GC) is a leadership platform for the development, implementation and disclosure of responsible and sustainable corporate policies and practices. Endorsed by chief executives, it seeks to align business operations and strategies everywhere with ten universally accepted principles in the areas of human rights, labour, environment and anticorruption, UNDP reported.

The GC process was initiated in Azerbaijan in 2006, when a number of private enterprises and aid organizations indicated their interest in participating in the GC. During the past period UNDP, in partnership with AZPROMO and with funding from Statoil, has supported awareness-raising of GC and CSR among private sector and civil society organizations and participation of Azerbaijani GC members in global forums and networks.

This project builds on the prior approaches and achievements. The overall strategy of this project is to contribute to the private sector development through ensuring sustainable presence of GC in Azerbaijan and strengthening its capacity as a mechanism for stronger CSR and social participation.