You may have heard of the United Nations (UN) Global Compact program, but what is it exactly, and why did Eastwest Medico apply to join the program? This article will explain what the UN Global Compact is, the benefits of joining the UN Global Compact, Eastwest Medico’s commitment to the 10 Principles of the UN Global Compact, and Eastwest Medico’s commitment to human rights, labor, environment, and anti-corruption.
What is the United Nations (UN) Global Compact?
The United Nations (UN) Global Compact is an initiative to encourage businesses to adopt sustainable and socially responsible practices. The UN Global Compact is the world’s largest corporate sustainability initiative, with more than 14,000 organizations from over 160 countries participating. The UN Global Compact is made up of 10 Principles in the areas of human rights, labor, environment, and anti-corruption, which organizations are encouraged to promote and abide by.
The 10 Principles of the UN Global Compact are divided into four categories:
1. 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.
2. Labor
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
3. Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
4. Anti-corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Benefits of joining the UN Global Compact
By joining the UN Global Compact, organizations can benefit in many ways. The UN Global Compact provides a platform for organizations to showcase their sustainability efforts and a framework for companies to measure their progress. Additionally, participating organizations can benefit from access to global networks and resources, such as the UN Global Compact Network, which provides access to training, research, and resources to help organizations implement the 10 Principles.
The UN Global Compact also provides a platform for organizations to engage in multi-stakeholder initiatives and collaborate with other organizations to develop sustainable solutions to global challenges. Additionally, organizations can benefit from the UN Global Compact’s focus on reporting, which encourages organizations to track and report their sustainability efforts and progress.
Eastwest Medico’s commitment to the 10 Principles of the UN Global Compact
At Eastwest Medico, we are committed to upholding the 10 Principles of the UN Global Compact. Our responsibility is to promote and protect human rights, respect labor laws, protect the environment, and fight corruption. We have taken the necessary steps to ensure that our operations align with the 10 Principles of the UN Global Compact.
We are committed to promoting human rights, including protecting the rights of our employees and suppliers. We have implemented systems and procedures to ensure that our employees, suppliers, and other stakeholders adhere to the highest standards of respect for human rights. This includes only selecting suppliers providing fair wages, safe working conditions, and no discrimination or harassment.
We are also committed to respecting labor laws and protecting the environment. We have taken steps to ensure that our operations comply with local and international labor laws and that our employees are provided with safe and healthy working conditions. We have also taken steps to reduce our environmental impact and use globally accepted ISO frameworks to measure and manage our environmental footprint.
Lastly, we are committed to fighting corruption, both in our own operations and in our supply chain. We have implemented a comprehensive anti-corruption policy and have taken steps to ensure that our employees, suppliers, and other stakeholders adhere to our policy and do not engage in any form of corruption.
Conclusion
At Eastwest Medico, we are proud to be united with the United Nations (UN) Global Compact. We are committed to upholding the 10 Principles of the UN Global Compact and promoting and protecting human rights, labor, environment, and anti-corruption in our operations and supply chain. We are also committed to continuing to work with the UN Global Compact and its 10 Principles and promote the UN Global Compact and its 10 Principles among our employees, suppliers, and other stakeholders. Our commitment to the UN Global Compact is essential to our mission to create a sustainable and socially responsible business.