The world's two major international corporate citizenship initiatives have united in a strategic alliance aimed at providing the global private sector with an opportunity to embrace a responsible business strategy that they say is at once comprehensive, organizing, integrated, and "enjoys near or total universal acceptance."
The United Nations Global Compact and the Global Reporting Initiative (GRI) said they will undertake advocacy and other partnership efforts to encourage companies and corporate responsibility organizations to support the synergistic platforms of the Compact and the GRI.
While the UN Global Compact covers citizenship "implementation" through its 10 universal principles in the areas of human rights, labour standards, the environment and anti-corruption, the GRI's new “G3” Sustainability Reporting Guidelines provide guidance on transparency and how to report on performance results.
Leaders in the corporate sector expressed their support for the new alliance.
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