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The United Nations Global Compact: the business implementation and accountability challenge

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  • Thomas A. Hemphill

Abstract

The United Nations Global Compact, the world's largest voluntary corporate citizenship initiative, has enrolled over 1500 companies and two dozen Non-Governmental Organisations (NGOs) and labour groups from over 70 countries since its inception in 2000. There is, however, a vocal chorus of critics of the Global Compact (primarily from the NGO community) that focus their criticisms on: the questionable level of participating company compliance with the ten principles that define the Global Compact (which address human rights, labour, environmental, and corruption issues); the lack of transparency of actual company results to outside auditors. In this paper, I offer a coherent set of recommendations that strengthen a self-regulation regime whose purpose is enhancing the efficacy of the Global Compact and transnational corporate citizenship. These recommendations focus on implementing a systematic approach to corporate accountability and transparency that is built on a foundation of the Global Compact's ten principles.

Suggested Citation

  • Thomas A. Hemphill, 2005. "The United Nations Global Compact: the business implementation and accountability challenge," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 1(4), pages 303-316.
    • Handle: RePEc:ids:ijbget:v:1:y:2005:i:4:p:303-316
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    Citations

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    Cited by:

    1. Jill A. Brown & Cynthia Clark & Anthony F. Buono, 2018. "The United Nations Global Compact: Engaging Implicit and Explicit CSR for Global Governance," Journal of Business Ethics, Springer, vol. 147(4), pages 721-734, February.
    2. Hens Runhaar & Helene Lafferty, 2009. "Governing Corporate Social Responsibility: An Assessment of the Contribution of the UN Global Compact to CSR Strategies in the Telecommunications Industry," Journal of Business Ethics, Springer, vol. 84(4), pages 479-495, February.
    3. Jorge A. Arevalo & Deepa Aravind, 2017. "Strategic Outcomes in Voluntary CSR: Reporting Economic and Reputational Benefits in Principles-Based Initiatives," Journal of Business Ethics, Springer, vol. 144(1), pages 201-217, August.

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