12 September 2017:
Source: United Nations Global Compact
Following a comprehensive integrity review as part of its new 2030 strategy and vision, the United Nations Global Compact has enhanced its policies and procedures to more closely align with the broader UN system.
Effective 12 September 2017, the UN Global Compact will increase scrutiny of companies upon entry into the initiative, review engagement with existing participants, and institute new exclusionary criteria for companies involved in certain high- risk sectors – including the production and manufacture of tobacco products, and nuclear, chemical, or biological weapons. Participating companies whose business involves manufacturing or producing tobacco products will be delisted effective 15 October 2017.
The new exclusions do not fundamentally change the nature of UN Global Compact. However, as the UN Global Compact implements its new 2020 strategy, enhancing the integrity of the initiative is critical to maintaining its trusted role in defining corporate sustainability leadership in support of the Sustainable Development Goals.