Responsible business practices can in many ways build trust and social capital, contributing to broad-based development and sustainable markets.
As many of you know, I have been a strong and passionate advocate of the work of the United Nations, as it has applied to matters relating to governance, intellectual property and the protection of rights, particularly for small business. More recently I have taken the decision to align my business interests with those of the United Nations through the signing of the United Nations Global Compact. I am pleased to inform SansGov partners and clients that this morning I signed the final remaining letter of intent from the UN Secretary General in order for SansGov to become a full member of the Compact. You may wonder what the Compact is all about and perhaps, more importantly, what it means to you as a client or as a partner.
The Global Compact is a framework for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption. As the world's largest, global corporate citizenship initiative, the Global Compact is first and foremost concerned with exhibiting and building the social legitimacy of business and markets.
Business, trade and investment are essential pillars for prosperity and peace. But in many areas, business is too often linked with serious dilemmas - for example, exploitative practices, corruption, income equality, and barriers that discourage innovation and entrepreneurship. Responsible business practices can in many ways build trust and social capital, contributing to broad-based development and sustainable markets.