GCB
GCB, or Global Compact Business, refers to a corporate initiative that aims to promote sustainable development and human rights. It was launched by the United Nations Global Compact, an organization that encourages businesses to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption. The Global Compact is a voluntary initiative, and companies that join it, known as GCB members, commit to taking actions in line with these principles.
The ten principles of the Global Compact are:
1. Businesses should support and respect the protection of internationally proclaimed human rights.
2. They should make sure that they are not complicit in human rights abuses.
3. They should uphold the freedom of association and the effective recognition of the right to collective
4. They should support the prevention of labor abuses and respect the freedom of association and the
5. They should support a precautionary approach to environmental challenges.
6. They should undertake initiatives to promote greater environmental responsibility.
7. They should work against corruption in all its forms, including extortion and bribery.
8. They should encourage the development of legislation favorable to the achievement of the UN Global Compact's
9. They should encourage and support the development and dissemination of non-binding, normative instruments at the
10. They should encourage and support the development and dissemination of non-binding, normative instruments at the
GCB members are required to report annually on their progress in implementing these principles. The Global