In this edition of our weekly video, 2N2, Rob Kellogg discusses two companies: Banco Santander, a Spanish banking company and BAE Systems, a U.K. based aerospace and defense company.
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Global Compact
The United Nations Global Compact Office announced on Tuesday that a total of 630 companies have been removed from its list of participants for failure to communicate progress this year.
The delisting of companies is part of ongoing efforts by the Global Compact Office to enhance the accountability and credibility of the initiative. The so-called Integrity Measures were introduced in 2004 following a comprehensive review of the governance of the UN Global Compact. In accordance with the Integrity Measures, companies are required to communicate annually to their stakeholders on progress made in implementing the ten principles of the UN Global Compact. Failure to meet the Communication on Progress (COP) deadline results in a company being listed as “non-communicating” on the Global Compact website. [click to continue...]
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