March 28, 2014
GLORY signs the United Nations Global Compact
GLORY LTD. participated in the United Nations Global Compact (hereafter "UNGC") on March 11, 2014.
The UNGC is an international initiative to encourage society to make sustainable development. It includes ten principals in the four areas: human rights, labour, environment and anti-corruption.
At the GLORY Group, we have promoted various activities based on our concept that implementation of our Corporate Philosophy itself is the CSR of GLORY.
We revised our Corporate Action Guidelines in 2013 to express our stance for promoting our CSR activities. We also understand that the concept of our Corporate Action Guidelines and that of the UNGC shares the common value, and accordingly we decided to sign on to the UNGC.
Also, taking the opportunity of our participating in the UNGC, we will pursue to realize our Corporate Philosophy through implementing various activities based on our Corporate Action Guidelines, and will also take initiatives to fulfill our responsibilities as a corporate citizen by promoting activities related with various global issues.
Outline of the United Nations Global Compact
The Global Compact was announced by the then UN Secretary-General Kofi Annan in an address to The World Economic Forum held in Switzerland in 1999, and was officially launched at UN Headquarters in New York in 2000.
The companies who approve each philosophy of the ten principles in four areas:
"Human Rights", "Labour", "Environment" and "Anti-Corruption"; are asked to promote each principle by signing UNGC.
|Human Rights||Principle1||Businesses should support and respect the protection of internationally proclaimed human rights; and|
|Principle2||make sure that they are not complicit in human rights abuses.|
|Labour||Principle3||Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;|
|Principle4||the elimination of all forms of forced and compulsory labour;|
|Principle5||the effective abolition of child labour; and|
|Principle6||the elimination of discrimination in respect of employment and occupation.|
|Environment||Principle7||Businesses should support a precautionary approach to environmental challenges;|
|Principle8||undertake initiatives to promote greater environmental responsibility; and|
|Principle9||encourage the development and diffusion of environmentally friendly technologies.|
|Anti-Corruption||Principle10||Businesses should work against corruption in all its forms, including extortion and bribery.|
- GLORY LTD.
- Public Relations Dept.
Information in this document is current on the date of the announcement and subject to change without prior notice.