JVOFI Joins the UN Global Compact

Jaime V. Ongpin Foundation, Inc. is now a participant in the United Nations (UN) Global Compact.

Started in 2005, the Global Compact is the world’s largest corporate sustainability initiative calling companies to align strategies and operations with universal principles on human rights, labor, environment and anti-corruption, and take actions that advance societal goals.

The Global Compact has 10 Principles 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, and the United Nations Convention Against Corruption. Participating organizations are also encouraged to support the Sustainable Development Goals.

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.

As a non-business participant, JVOFI has committed itself to participate in and engage with the Global Compact in the following way(s): (1) to design and implement programs aligned with the ten principles of the Global Compact and the Sustainable Development Goals; (2) to work in partnership with the business sector and other stakeholders; and, (3) to actively participate in our Global Compact local network.

The Global Compact has over 12,000 signatories from 170 countries including the Philippines.

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