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Corporate citizens in the world economy


“Let us choose to unite the power of markets with the authority of universal ideals. Let us choose to reconcile the creative forces of private entrepreneurship with the needs of the disadvantaged and the requirements of future generations.” — Kofi Annan, Secretary - General of the United Nations 
UNDP Macedonia has presented the Global Compact initiative during the 2004, and the official launch of the network happened December 2004.

Stopanska Banka AD-Skopje is among the first Macedonian companies that joined this initiative, embracing and supporting the ten universal principles of corporate social responsibility as part of its operations.

United Nations Secretary-General Kofi Annan first proposed the Global Compact in an address to the World Economic Forum on 31 January 1999. The Secretary-General invited business leaders to join an international initiative—the Global Compact—that would bring companies together with UN agencies, labour and civil society to support ten universal principles in the areas of human rights, labour and the environment.
Through the power of collective action, the Global Compact seeks to advance responsible corporate citizenship so that business can be part of the solution to the challenges of globalization. In this way, the private sector—in partnership with other social actors—can help realize the Secretary-General's vision: a more sustainable and inclusive global economy. 

The Global Compact's ten principles in the areas of human rights, labour, the environment and anti-corruption enjoy universal consensus and are derived from:
•The Universal Declaration of Human Rights •The International Labour Organization's Declaration on Fundamental Principles and Rights at Work •The Rio Declaration on Environment and Development •The United Nations Convention Against Corruption The Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment, and anti-corruption: 

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. 

Labour Standards 
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. 

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 

Principle 10: Businesses should work against all forms of corruption, including extortion and bribery. 
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