The Global Compact Foundation is funded by contributions of the private
sector signatories to United Nations Global Compact (UNGC), the world’s largest
corporate responsibility initiative with some 10,000 business and 3000 civil
society signatories in 170 countries. Signatory companies adopt ten principles
based on UN Conventions on human rights, labour, environment and anti-corruption
and support broader United Nations goals.
Participating companies commit to report publicly on steps taken to embed the
ten principles into their day to day business. They also support the
implementation of the Sustainable Development Goals. Local Networks convene and
act on priority issues at the ground level. There is a well-established Local
Network in China and China is well represented on the UNGC board. Through the
Foundation, the UNGC is 85 percent funded by the private sector, it also
receives support from UN Member states, including China.
The UNGC is deeply connected with the Principles for Responsible Investment
(PRI) (1,800 signatories, $70 trillion AUM) and the Principles for Responsible
Management Education (PRME) (over 600 business schools in 80 countries),
leveraging the power of shareholders and of education.
