UN Global Compact expels over 600 companies for failure to report
Global Compact Network Australia | January 1, 2015
The UN Global Compact expelled 657 companies in 2014 for failure to report on their progress implementing the 10 Global Compact Principles for two consecutive years.
Under the Global Compact, signatories commit to implementing ten principles in relation to human rights, labour, the environment and anti-corruption, through an annual Communication on Progress (CoP) for business participants, or a Communication on Engagement (CoE) every two years for non-business participants.
Despite these expulsions, overall numbers of signatories of the UN Global Compact has continued to grow globally, with 729 companies joining the initiative between July and December 2014.
If you have any queries about your next CoP or CoE, we are here to help so please let us know.