The United Nations Global Compact (UNGC) is a strategic policy initiative for businesses committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment and anti-corruption. Our own Corporate Business Principles incorporate the UNGC Ten Principles, and we reflect the basic concepts of fairness, honesty and respect for people and the environment in our business actions.
Our Communication on Progress
As a participant in the UNGC, we disclose our progress on the implementation of the Ten Principles and the activities we are carrying out in support of the 2030 development agenda.
Our Communication on Progress increases transparency and accountability, pushes us to continue to improve on our performance and ensures that UNGC signatory companies live up to the expectations set by the Compact and the United Nations.
Nestlé was reconfirmed as a Global Compact LEAD company in 2020. We have demonstrated our commitment to the UNGC by sharing best practice and providing leadership in activities that support the UN Sustainable Development Goals. Each year, Nestlé reports on its progress toward the UNGC Ten Principles.
UN Global Compact local networks
We engage with local networks that the UNGC established globally to help address commitments and ambitions on the ground and instigate collective action at the country level. We are pleased to share the in-depth and insightful work our markets are carrying out in key areas.
In 2020, 11 markets participated in their respective local networks, either through taking part in conferences and events or through active involvement in specific working groups. We are proud that Nestlé Pakistan was awarded first prize in the multinational category of the ‘Living the Global Compact Business Sustainability Award 2019’. This is the fourth consecutive year Nestlé Pakistan has received the award.