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The Global Compact was officially launched on July 26, 2000, in New York, following an appeal by the UN Secretary General, Kofi Annan to the 1999 Economic Forum, asking the business world to unite with the goal of "giving globalization a human face". The goal is to encourage businesses to align their policies and practices with globally agreed targets and values in order to create a more sustainable and inclusive global economy, providing people with access to education, housing, food, transport, jobs and health.
Companies participating in the Global Compact represent all different sectors of the economy and geographic regions as they seek to manage their growth responsibly, taking into account the interests and concerns of all stakeholders, including employees, investors, consumers, non-governmental organizations, business associations and communities.
Below are the 10 principles of the Global Compact, all of which are derived from global statements on:
1. Respect and protect human rights;
2. Stop violations of human rights.
Employment Rights Principles
3. Support freedom of association at work;
4. Abolish forced labor;
5. Abolish child labor;
6. Eliminate discrimination in the workplace.
Environmental Protection Principles
7. Support a preventive approach to environmental challenges;
8. Promote environmental responsibility;
9. Encourage technologies that do not harm the environment.
Principles against Corruption
10. Combat corruption in all forms including extortion and bribery.
Eletrobras Furnas' involvement
On July 18, 2000, Furnas submitted a request through the Ethos Institute to adhere to the Global Compact, which was accepted on October 19, 2001. The company has remained an active member, sending in Reports, referred to as "Communications on Progress", represented by its Social Balance Sheets.
In 2005, the company committed to explicitly aligning its activities with the 10 principles of the Global Compact as of its 2006 Social Balance Sheet and to continuously promote business sustainability.
As a result, Furnas' activities are aligned with the guidelines set out by the compact, which provide a global structure promoting sustainable growth and citizenship through innovative corporate leadership and commitment to a new vision of the world.
Promoting Corporate Citizenship
Furnas promotes inclusion of Social Responsibility as part of its organizational culture.
This means making managers and employees aware how important it is to take into account the needs and expectations of company stakeholders.
Integrating social responsibility management tools into the company's planning process allows it to optimize resource allocation for social investment.
Find out more
Visit the Global Compact websites at one of the following addresses: