The Global Compact

In the World Economic Forum organized on January 31, 1999, the United Nations (UN) Secretary General Kofi Annan, in accordance with the “Millennium Development Goals”, for the purpose of supporting the universal environmental and social principles, has invited the leader of the business world to unite under the Global Compact, which is an international initiative that will bring together the companies, UN, labor unions, and civil society organizations under the same roof.

Within the scope of the project, 10 fundamental principles have been determined under headings such as human rights, labor standards, environment and anti-corruption. The Global Compact Project has been carried into effect on June 26, 2000 at the UN Headquarters in New York. Today, thousands of companies, unions and civil society organization from all over the world have declared that they will make these universal principles a part of their business strategies, operations and cultures and are participating in the Global Compact.

Sabancı Holding, after signing the Global Compact in 2007, in 2009, hosted a Local Network Meeting in which representatives from all over the world came together.

Sabancı Holding’s Chairman of the Board Güler Sabancı has been assigned as the Member of the Board of the United National Global Compact by the United Nations Secretary General Ban-ki Moon. Güler Sabancı has been assigned to this task because of her pioneering works in the areas of human rights and the empowerment of women as well as her career.

The 10 Principles of the Global Compact:

The 10 principles of the Global Compact have been taken from universally accepted declarations concerning human rights, labor rights, environment and anti-corruption. The Global Compact expects the companies to understand, support and apply these principles.

Human Rights:

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights and
Principle 2: make sure that they are not complicit in human rights abuses

Labor:

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargainings
Principle 4: the elimination of all forms of forced and compulsory labor
Principle 5: the effective abolition of child labor and
Principle 6: the elimination of discrimination in respect of employment and occupation

Environment:

Principle 7: Businesses should support a precautionary approach to environmental changes
Principle 8: undertake initiatives to promote greater environmental responsibility and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption:

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.