What is the UN Global Compact?
A) It is a standard of business practice that all countries are expected to follow,by law.
B) It is a set of mandatory rules by which multinational corporations are expected to operate.
C) It is a body of rules that deals exclusively with fair pricing and customer satisfaction.
D) It is a voluntary corporate initiative that addresses the main concerns of globalization.

Question

Quizplus · Accepted Answer

The UN Global Compact is a voluntary initiative launched by the United Nations in 2000 to encourage businesses to adopt sustainable and socially responsible policies and practices. It addresses the concerns surrounding globalization, including human rights, labor rights, environmental sustainability, and anti-corruption efforts. It is not mandatory, and companies can choose to participate voluntarily.

What Is the UN Global Compact