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Voluntary Reporting: The Global Compact

Mares, Radu LU (2009) In International Human Rights Monitoring Mechanisms: Essays in Honour of Jakob Th. Möller 35. p.385-399
Abstract
The presentation of the United Nation’s (UN) Global Compact (hereinafter “GC” or “Compact”) in a book dedicated to monitoring mechanisms requires an urgent clarification: the GC itself is not a monitoring mechanism meant to deliver corporate accountability. Still, the Compact is an important hub in a broader network of initiatives dealing with responsible business practices and corporate accountability. Furthermore, the GC has reporting requirements that have recently been strengthened. The initiative began as a personal initiative of Secretary-General Kofi Annan in 1999, as an attempt to address imbalances of economic globalisation; his aim was to enrol companies in a renewed push by the United Nations to achieve its goals of peace,... (More)
The presentation of the United Nation’s (UN) Global Compact (hereinafter “GC” or “Compact”) in a book dedicated to monitoring mechanisms requires an urgent clarification: the GC itself is not a monitoring mechanism meant to deliver corporate accountability. Still, the Compact is an important hub in a broader network of initiatives dealing with responsible business practices and corporate accountability. Furthermore, the GC has reporting requirements that have recently been strengthened. The initiative began as a personal initiative of Secretary-General Kofi Annan in 1999, as an attempt to address imbalances of economic globalisation; his aim was to enrol companies in a renewed push by the United Nations to achieve its goals of peace, development and poverty-reduction. By inviting businesses to the table, the UN has embarked with the Global Compact on a controversial journey through uncharted territory. The article begins with a description of the initiative itself. The provisions of the Compact regarding corporate reporting will be detailed as well as the GC’s relationship with the Global Reporting Initiative (GRI), which is a scheme dedicated solely to sustainability reporting. After that some broader observations on corporate reporting from a human rights perspective will follow. (Less)
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author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
in
International Human Rights Monitoring Mechanisms: Essays in Honour of Jakob Th. Möller
volume
35
pages
14 pages
publisher
Martinus Nijhoff Publishers
ISBN
9789004162365
DOI
10.1163/ej.9789004162365.i-728
language
English
LU publication?
yes
id
e120dac9-21e5-43aa-8d70-2d1977110b39
date added to LUP
2016-05-04 16:44:06
date last changed
2016-09-26 15:40:23
@misc{e120dac9-21e5-43aa-8d70-2d1977110b39,
  abstract     = {The presentation of the United Nation’s (UN) Global Compact (hereinafter “GC” or “Compact”) in a book dedicated to monitoring mechanisms requires an urgent clarification: the GC itself is not a monitoring mechanism meant to deliver corporate accountability. Still, the Compact is an important hub in a broader network of initiatives dealing with responsible business practices and corporate accountability. Furthermore, the GC has reporting requirements that have recently been strengthened. The initiative began as a personal initiative of Secretary-General Kofi Annan in 1999, as an attempt to address imbalances of economic globalisation; his aim was to enrol companies in a renewed push by the United Nations to achieve its goals of peace, development and poverty-reduction. By inviting businesses to the table, the UN has embarked with the Global Compact on a controversial journey through uncharted territory. The article begins with a description of the initiative itself. The provisions of the Compact regarding corporate reporting will be detailed as well as the GC’s relationship with the Global Reporting Initiative (GRI), which is a scheme dedicated solely to sustainability reporting. After that some broader observations on corporate reporting from a human rights perspective will follow.},
  author       = {Mares, Radu},
  isbn         = {9789004162365},
  language     = {eng},
  pages        = {385--399},
  publisher    = {ARRAY(0x87b5ea0)},
  series       = {International Human Rights Monitoring Mechanisms: Essays in Honour of Jakob Th. Möller},
  title        = {Voluntary Reporting: The Global Compact},
  url          = {http://dx.doi.org/10.1163/ej.9789004162365.i-728},
  volume       = {35},
  year         = {2009},
}