The United Nations Global Compact (UNGC) is the world largest corporate sustainability initiative, launched in 2000. It is a voluntary initiative based on CEO commitments to implement universal sustainability principles and take steps to support the UN’s goals. The multi-year strategy of the UNGC aims to drive business awareness and action in alignment with the Ten Principles of the UNGC to support the achievement of the Sustainable Development Goals (SDG) by 2023.
The UNGC incorporates the Ten Principles into strategies, policies, procedures, and establishing a culture of integrity. The participant corporations not only uphold their basic responsibilities to people and planet but also set the stage for long-term success.
The Ten Principles of the United Nations Global Compact 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.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: Make sure that they are not complicit in human rights abuses.
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.
Principle 6: The elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges.
Principle 8: Undertake initiatives to promote greater environmental responsibility.
Principle 9: Encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
United Paints Group Co., Ltd. (UPG) joined the UN Global Compact on May 7, 2012, with the following objectives.
In 2018, United Paints Group transformed into a holding structure, assuming the role of an investment company. Its paint manufacturing business, including participation in the UN Global Compact, was fully transferred to the newly established subsidiary, UPG Paint & Coating Co., Ltd. (P&C). Accordingly, UPG P&C is now an active participant in the UNGC.
Every participant is required to submit an annual Communication on Progress (CoP) reports to the UNGC. In 2024, UPG submitted its 12th annual UNGC CoP report.
You can view our UNGC CoP reports, including the 2024 report, through the link below.
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