Number of Expelled Companies Reaches 2,000 As Global Compact Strengthens Disclosure Framework
source: http://www.unglobalcompact.org/docs/news_events/9.1_news_archives/2011_01_20/Expelled_List_2...
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2,048 companies from around the world have been expelled from the United Nations Global Compact for repeated failure to communicate on progress in integrating the initiative’s ten sustainability principles into their strategies and operations.
The number was reached following the recent expulsion of more than 200 companies at the end of a 2010 moratorium on expulsions in less developed countries, a short-term measure to explore solutions to a systemic lack of disclosure in certain markets. (See the list of expelled companies: http://www.unglobalcompact.org/docs/news_events/9.1_news_archives/2011_01_20/Exp...).
The Global Compact requires participating businesses to communicate every year with stakeholders on their progress in integrating the ten principles. Companies that do not issue a Communication on Progress (COP) for two consecutive years face expulsion and must reapply for participation in the initiative.
http://3blmedia.com/theCSRfeed/Number-Expelled-Companies-Reaches-2000-Global-Com...
The number was reached following the recent expulsion of more than 200 companies at the end of a 2010 moratorium on expulsions in less developed countries, a short-term measure to explore solutions to a systemic lack of disclosure in certain markets. (See the list of expelled companies: http://www.unglobalcompact.org/docs/news_events/9.1_news_archives/2011_01_20/Exp...).
The Global Compact requires participating businesses to communicate every year with stakeholders on their progress in integrating the ten principles. Companies that do not issue a Communication on Progress (COP) for two consecutive years face expulsion and must reapply for participation in the initiative.
http://3blmedia.com/theCSRfeed/Number-Expelled-Companies-Reaches-2000-Global-Com...
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