The United Nation Global Compact’s Ten Principles explicitly targets the behavior of companies on the global stage. Derived from: “The Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption” (UN cite), the UN Global Compact’s Ten Principles is aimed at providing a platform for sustainable practices in international business and leadership. The Ten principles serve as a mechanism for advancing corporate responsibility in the advancement of human rights, humane workplace standards, environmental accountability and opposition to corruption, extortion and bribery
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Environmentally sound technology refers to devices, processes and systems that refrain from releasing pollutants, protect the environment and utilize resources in a sustainable manner and reduce residual wastes efficiently. According to the United Nation’s Global Compact,
“They include a variety of cleaner production processes and pollution prevention technologies as well as end-of-pipe and monitoring technologies. Moreover, they include know-how, procedures, goods and services and equipment as well as organizational and managerial procedures. Where production processes that do not use resources efficiently generate residues and discharge wastes, environmentally sound technologies can be applied to reduce day-to-day operating inefficiencies, emissions of environmental contaminants, worker exposure to hazardous materials and risks of environmental disasters.”
In essence, the use of environmentally friendly technologies leads to a reduction in the use of raw materials, an increase in efficiency, not to mention, operational longevity, reduced risk to workers and overall benefits for the …show more content…
Violation to human rights commitments as specified in Principle 10, include, direct, indirect and remote. As previously mentioned, corruption come in many different forms and is associated with a wide gamete of risks to companies. Brides, Political Contributions, Charitable contributions, Facilitation payments, and Gifts are upon the most readily used forms of corruptive acts. As specified by PricewaterhouseCoopers (as cited in Castan Centre for Human Rights Law, 2008), public works contracts, utilities, real-estate, oil and gas, mining, power generation, pharmaceutical and healthcare, heavy manufacturing, fishery, and arms and deference are the most susceptible to corruption, bribes and extortion. Brazil, Egypt, Russia, Turkey, China, India and Bangladesh are among the countries with a substantial amount of emerging economic scenarios involving
Environmentally sound technology refers to devices, processes and systems that refrain from releasing pollutants, protect the environment and utilize resources in a sustainable manner and reduce residual wastes efficiently. According to the United Nation’s Global Compact,
“They include a variety of cleaner production processes and pollution prevention technologies as well as end-of-pipe and monitoring technologies. Moreover, they include know-how, procedures, goods and services and equipment as well as organizational and managerial procedures. Where production processes that do not use resources efficiently generate residues and discharge wastes, environmentally sound technologies can be applied to reduce day-to-day operating inefficiencies, emissions of environmental contaminants, worker exposure to hazardous materials and risks of environmental disasters.”
In essence, the use of environmentally friendly technologies leads to a reduction in the use of raw materials, an increase in efficiency, not to mention, operational longevity, reduced risk to workers and overall benefits for the …show more content…
Violation to human rights commitments as specified in Principle 10, include, direct, indirect and remote. As previously mentioned, corruption come in many different forms and is associated with a wide gamete of risks to companies. Brides, Political Contributions, Charitable contributions, Facilitation payments, and Gifts are upon the most readily used forms of corruptive acts. As specified by PricewaterhouseCoopers (as cited in Castan Centre for Human Rights Law, 2008), public works contracts, utilities, real-estate, oil and gas, mining, power generation, pharmaceutical and healthcare, heavy manufacturing, fishery, and arms and deference are the most susceptible to corruption, bribes and extortion. Brazil, Egypt, Russia, Turkey, China, India and Bangladesh are among the countries with a substantial amount of emerging economic scenarios involving