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	About Global Compact Article published in French on its web site by NOVETHIC, a subsidiary of the Caisse des Dépôts July 29, 2003 Letter to Daniel VALOT Law concerning New Economic Regulations (NRE law) and Global Compact May 7, 2004 All the articles for Global Compact

The Global Compact

TECHNIP joined the Global Compact in 2003.
This was the achievement of one of our goals, our Group’s committing to ILO’s basic principles.

The Global Compact’s ten principles

The Global Compact’s ten principles in the areas of human rights, labour, the environment and anti-corruption enjoy universal consensus and 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

The Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards and the environment. The principles are as follows (see also their website):

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour Standards

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies

Anti- corruption

Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.

The pact’s goal is to identify and promote good corporate practices that are compatible with the initially nine, now ten principles of the Global Compact. For this purpose, companies are asked to submit reports with specific examples of their experience and the progress they have achieved in implementing the principles by changing corporate strategy, management, systems and day-to-day operations. The reports, posted on the Global Compact’s Website, are the basis for comparing notes by all parties to the Compact.

But the disappointing results reinforced the initial fears of NGOs such as CorpWatch (www.corpwatch.org) that the pact was mostly about serving companies’ self-projection.

UGICT CGT made several requests in its letter to the Chairman transmitted in May 2004.

TECHNIP’s first report within the scope of the Global Compact is scheduled to be presently issued (August 2004). Check TECHNIP’s website.