United Nations Global Compact and Corporate Social Responsibility

The United Nations Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment and anti-corruption. Whereas Corporate Social Responsibility (CSR) refers to business practices involving initiatives that benefits the society. This papers attempts to highlight the crucial roles of the Government, the Corporate and their social responsibility in relation with the UN Global compact.