United Nations Global Compact Partnership

We’re pleased to announce that Electrosteel has been recertified as official participant of the United Nations Global Compact (UNGC)

 

What is the UNGC?

The UN Global Compact (UNGC) is a principles-based framework established by the United Nations to help businesses adopt sustainable and socially responsible policies.

At its core are ten principles in the areas of human rights, labour, the environment, and anti-corruption. The principles are designed to guide businesses to implement actions that advance societal goals and align their strategies and operations with the implementation of the Sustainable Development Goals (SDGs).

The Global Compact was announced during the 1999 World Economic Forum and formally launched the following year. Currently, it is the world’s largest corporate sustainability programme with over 15,000 member companies in 165 countries. Cities can also take part in the scheme through the Cities Programme.

 

Electrosteel and the UNGC

Electrosteel have been a member of the United Nations Global Compact (UNGC) since 2023-24. Our recertification reflects our continued focus on operating with integrity and purpose, aligning our business with their 10 guiding principles across four key areas:

 

The 10 principles are

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

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.

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.

Anti-Corruption

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

 

Read more on the UNGC here – https://unglobalcompact.org/what-is-gc