Global Compact Critics is an informal network of organizations and people with concerns about the UN Global Compact. It appears that UN Secretary General Ban Ki-moon also has concerns about the Compact in its current incarnation as last week at the World Economic Forum he called for a new version of the initiative called Global Compact 2.0.
The Global Compact Critics blog is a place for individuals to gather and share information and opinions about the program. Yesterday one of the contributors posted the piece about Ban Ki-moon, stating: “The key, according to Mr. Ban, is credibility – which Compact participants would have to earn and maintain through annual Communication on Progress reports. Recent polls – for example the Edelman Trust Barometer – show that only a third of people in the world trust business to do the right thing: “half what it used to be,” Mr. Ban said. And not only do Global Compact participants need to nurture credibility, so too does the Compact itself.”
Indeed in the rush for corporations to jump on the CSR bandwagon, there is a big question of which corporations are merely putting up window dressing and which ones are fully committed to placing people over profit. A company’s participation in the UN Global Compact is a good sign, but it is not a green light, because it appears that for some corporations it is a greenwash. Click here for an example from the Global Compact Critics website.
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