Azerbaijan, Baku, Nov 29 / Trend /
UNDP Azerbaijan is going to hold the Official Launch of the Global Compact Network in Azerbaijan on November 30th.
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. Through establishment of GC Local Network project aims at 1) promoting and advocating CSR through the commitment of the key companies to the GC principles, 2) boosting the competitiveness of local businesses by meeting international standards of modern business practice.
Global Compact local network in Azerbaijan is a group of companies, business associations and non-business organizations which declared their commitment to the GC principles. The network aims at the promotion of the GC principles and development and further introduction of the Corporate Social Responsibility in the country. It will implement various partnership projects in the fields of social investments, youth development, education, charity and others. The Official Launch of GC network in Azerbaijan is undertaken on November 30 within the framework of the UNDP project funded by Statoil.