859 companies delisted for failure to communicate on progress
The Global Compact Office has announced that 859 companies were removed (delisted) from the initiative's database of participants between 1 October 2009 and 1 January 2010. The total number of businesses removed for failure to meet the Global Compact's mandatory annual reporting requirement now stands at 1840.
Under the Global Compact's policies, participating businesses must issue an annual progress report (also known as Communication on Progress, or COP) on their implementation of the initiative's ten principles covering human rights, workplace standards, the environment, and anti-corruption. Consecutive failure to submit a COP to the Global Compact's public database leads to the delisting. The delisting policy was first introduced in January 2008, as part of the Global Compact's integrity measures. Read more (UNGC)
Share this news article
18 February 2010