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UN Global Compact Has Expelled Over 3,000 Companies

Source: UN Global Compact (New York, 9 February 2012) – The UN Global Compact has expelled a total of 3,123 companies since 2005 for failure to communicate progress on their efforts to implement the UN Global Compact’s ten sustainability principles.

In response to this development, the Global Compact Office today issued the following statement:

We stand at a major crossroads in terms of the business contribution to solving the most urgent global issues. The UN Global Compact today counts more than 10,000 participants, including over 7,000 businesses, many of whom are working actively to advance greater environmental and social sustainability in the spirit of the initiative’s ten universal principles.

But the fact remains that a large majority of the world’s businesses have not yet made any commitment to universal corporate sustainability principles, draining our planet’s resources, hindering sustainable development and directly or indirectly exacerbating many of the challenges we face.

Even within the Global Compact, a significant number of participants continuously fail to produce evidence of progress. In the spirit of transparency and accountability, we have long held that these companies must be identified and expelled. The number of companies expelled has recently passed 3,000 (since 2005) and today stands at 3,123. Please click here for a full listing.

Read the full info in UN Global Compact web site

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