Renault joins the Global Compact in 2001.
What is the Global Compact ?
"We must ensure that all the world’s people share the benefits of globalization." This remark led UN Secretary-General Kofi Annan to launch the Global Compact in July 2000. Bringing together companies, civil society and the UN, the Global Compact is based on a set of core values, expressed as 10 universal principles.
Some 5,000 participants including 3,700 member companies have committed to "embracing, supporting and enacting” the 10 principles. Signatory members commit to respecting responsible and sustainable development in their business activities.
The ten principles of the Global Compact cover four areas:
- Human rights. Member companies agree to :
- support and respect the protection of human rights in their sphere of influence,
- make sure that they are not complicit in human rights abuses.
- Labour standards. Companies are asked to uphold:
- the freedom of association and the effective recognition of the right to collective bargaining,
- the elimination of all forms of forced and compulsory labour,
- the effective abolition of child labour,
- elimination of discrimination in respect of employment and occupation.
- Environment. Companies should:
- support a precautionary approach to environmental challenges,
- undertake initiatives to promote greater environmental responsibility,
- encourage the development and diffusion of environmentally friendly technologies.
- Anti-corruption. Companies should work against all forms of corruption, including extortion and bribery.
Annual communication
Like the other signatory members, Renault agrees to publish “annual communication on progress” on the Global Compact website, setting out the advances made in its policy and initiatives to promote sustainable development.
Since 2003, Renault has also encouraged its suppliers to joint the Global Compact and to promote – or at least to respect – its principles.
The Forum of Friends of the Global Compact
Renault is also an active member of the Forum of Friends of the Global Compact. The Forum, which acts as the representative in France of the UN Global Compact Office in New York, was launched on January 27, 2004 by Kofi Annan and French President Jacques Chirac. The Forum of Friends of the Global Compact has three main objectives:
- promote the application of the ten principles of the Global Compact,
- expand the network of member companies,
- encourage member companies to learn from one another and to exchange information, notably between small and medium-sized businesses and large groups, in all countries.