![]() Specifically, UNGC participants score, on average, 12 points higher compared to non-participants. Organisations that have adopted the 10 UNGC principles perform 12 points better on sustainability measures in supply chainsīut, as we all know, it’s not always easy to walk the talk of such commitments: resources are required to research, validate and reasonably assess how a company is following through, and to examine the correlation between commitment to the principles and advanced sustainability performance.ĮcoVadis recently examined a sample of 30,000 companies on its database and found that organisations that have adopted to the 10 UNGC principles perform better on sustainability measures throughout supply chains. For example, the UNGC principles that “businesses should support and respect the protection of internationally proclaimed human rights”and “businesses should work against corruption in all its forms, including extortion and bribery”are two that provide an umbrella for action that reduces risk, improves financial performance, progresses positive brand recognition and helps to create a more ethical, sustainable business. The UNGC’s 10 principles are effective because these goals help companies hone in on the sustainability risks and considerations that should be top of mind for all businesses. According to the UN Global Compact Performance Report, organisations that have committed to the UNGC’s 10 principles perform significantly better on sustainability measures. In fact, research shows that so far, the UNGC is accomplishing exactly what it set out to do and is producing impactful results. The UNGC has clearly been an important international initiative for the global adoption of sustainable business practices and, arguably, a proof-point that commitment to clear and achievable objectives works. ![]() One reason the initiative has been so successful is the UNGC’s extensive toolbox, which includes action platforms to establish partnerships and solve challenges, an online UN Business Action Hub and other resources, such as a reporting partnership with GRI, which helps businesses share information, engage in open dialogue and take action to accelerate tangible progress toward a more sustainable world. Since the United Nations Global Compact (UNGC) released its 10 principles more than 15 years ago, nearly 12,000 companies worldwide have committed to adopting the sustainable and socially responsible policies that it calls for around the themes of human rights, labour, environment and anti-corruption. Julia Moshkin of EcoVadis points to research showing that companies that have signed up to the initiative’s 10 principles perform significantly better on driving responsibility in their supply chains
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