Global Compact: how private sector can contribute to sustainable human development Sezin Sinanoglu UN Resident Coordinator Mongolia – April 2013
Private sector and the UN Support private sector growth as a key element for poverty reduction. Work with private sector so they invest in sustainable human development
Global Compact A global partnership to... catalyze private sector support to the goals of the UN, incl MDGs promote & help businesses: o abide by principles of human and labour rights, o ensure environmental sustainability and o fight corruption.
How private sector can contribute to sustainable human development Adopt inclusive business models Nurture business growth Bring low cost and pro-poor innovations and products to the market Support development projects Invest in social entrepreneurship
Ten principles of Global Compact Human rights: 1.Protect internationally proclaimed human rights; 2.Make sure business is not complicit in human rights abuses. Labour rights: 3.Uphold the freedom of association and the right to collective bargaining; 4.Eliminate all forms of forced and compulsory labour; 5.Abolish child labour; 6.Eliminate discrimination in respect of employment and occupation. Environment: 7.Support a precautionary approach to environmental challenges; 8.Promote greater environmental responsibility; 9.Encourage environmentally friendly technologies. Anti corruption: 10.Work against corruption in all its forms, including extortion and bribery.
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