United Nations Global Compact
Corporate sustainability starts with a company’s value system and a principled approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Global Compact principles into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.
The United Nations Global Compact’s Ten Principles are 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.
Have a look at the Ten Principles of the UN Global Compact.
The signatories of the Global Compact Principles from the LatAm countries Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay on the “Mining” and “Industrial metals & mining” sectors (according to the EU Global Compact classification) are the following (click on the countries below to learn more about the corresponding signatories):
Equator Principles Financial Institutions
“The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. The EPs apply globally, to all industry sectors.”
International Finance Corporation’s (IFC) Performance Standards
“IFC's Environmental and Social Performance Standards define IFC clients' responsibilities for managing their environmental and social risks.
The 2012 edition of IFC's Sustainability Framework, which includes the Performance Standards, applies to all investment and advisory clients whose projects go through IFC's initial credit review process after January 1, 2012”.