International, Foreign Affairs, and National Security

FOUNDATION FOR THE GLOBAL COMPACT

Quick Facts

New York, NY

Mission

The Foundation exists to support the work of the UN Global Compact Office and related activities.
Launched in 2000, the UN Global Compact works toward the vision of a sustainable and inclusive global economy that delivers lasting benefits to people, communities and markets.
The Foundation is based on the principle that public-private collaboration is essential to find lasting solutions to pressing global problems.

The Foundation provides funds for Global Compact projects that seek to:

Raise awareness of the UN Global Compact;

Deepen engagement in the initiative by companies and other stakeholders; and

Assist participants in implementing the UN Global Compact's Ten Principles and undertaking partnerships.
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Ruling Year

2007

Managing Director

Alex Stein

Main Address

685 Third Avenue 12th Floor

New York, NY 10017 USA

Keywords

Global

EIN

16-1756484

 Number

7508155869

Cause Area (NTEE Code)

International, Foreign Affairs, and National Security N.E.C. (Q99)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs + Results

What we aim to solve New!

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Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

UN Global Compact

Where we workNew!

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Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

At the UN Global Compact, we believe it's possible to create a sustainable and inclusive global economy that delivers lasting benefits to people, communities and markets. It is our belief that by building public-private partnerships, business, government, the UN and civil society can work together to address the most pressing global problems. By raising awareness of the UN Global Compact's mission, assisting corporations in implementing the UN Global Compact's Ten Principles, and promoting best practices for sustainable, responsible business, we hope to change the way business is done around the world.

When working with companies, we utilize a five step approach to ensure meaningful engagement with the UN Global Compact and true commitment to implementing sustainable practices at all levels of business. First, companies must operate in alignment with the Ten Principles, second, they must take action to support society, third, they must engage with the local communities where they operate, forth, they must report on their efforts annually and, finally, they must show commitment to sustainable practices at the highest level of their organization. In addition, the UN Global Compact has created initiatives to engage companies on specific areas of sustainability. Through projects like Caring for Climate, the Women's Empowerment Principles, and CEO Water Mandate, companies make stronger commitments to projects that have a greater impact on the most pressing sustainability issues.

To help implement the five steps, the UN Global Compact acts as a resource for companies at all points in their process of becoming a sustainable business. Through events, the creation of best practices, and our published resources we hope to not only lend support to our established partners, but cultivate new ones. The use of Local Networks also helps us accomplish our goal by serving as a resource for our business partners. Local Networks help contextualize sustainability at a regional or national level so companies of all sizes can better understand what responsible business looks like locally. Additionally, the UN Global Compact has issue area teams that provide specialized resources and convene events to engage companies on specific issues of sustainability. Finally, our ability to bring business, civil society, and government leaders together is key to our success. Our relationship with the UN provides our organization with the unique opportunity to bring high-level stakeholders together to discuss global problems and find solutions.

We measure progress not just in how many companies join the UN Global Compact, but in the meaningful steps our private-sector partners take to become sustainable and responsible businesses. For example, in a 2013 survey to our partners, 83% said they had taken action to implement non-discrimination measures in their organizations and 48% implemented a specific anti-corruption code. Seeing the implementation of our principles is one of the best indicators of progress and highlights the success of our programs.

To access the UN Global Compact's organizational impact, we asked our partners what effect we have had on their efforts to become a more sustainable business. 65% said we played an important role in guiding their sustainability strategy and driving the implementation of their adopted policy. 60% also said we played an important role in motivating their company to engage with the UN and advance UN goals. Going forward, we will continue to survey our partners to measure the implementation of our principles and our organizational impact over time.

To date, the UN Global Compact has a network of 8,371 companies in over 162 countries. We work across a broad range of issue areas and help support over eighty five Local Networks that provide specialized regional or national guidance to our corporate partners. Our LEAD program has identified and engaged fifty companies, who serve as leaders in corporate responsibility and work with us to inform our projects. We have over eight hundred signatories on the Women's Empowerment Principles and over four hundred endorsements for the Caring for Climate initiative. But most importantly, we have seen an increase in the number of companies moving form recognizing changes that need to be made to become more sustainable businesses, to actually implementing these changes. These accomplishments have helped push sustainability forward in the private sector and fortified a strong relationship between our private partners and the UN. But clearly, there is still more to be done. We are still working to address the unique challenges small and medium companies face in becoming more sustainable. We are also continuing our efforts to integrate sustainability at all levels and in all aspects of business; from getting senior management and the board of directors involved in sustainability programs, to promoting sustainability practices throughout the supply chain. We have achieved so much since we were founded and we are excited to continue our good work into the future.

External Reviews

Financials

FOUNDATION FOR THE GLOBAL COMPACT

Fiscal year: Jan 01 - Dec 31

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Operations

The people, governance practices, and partners that make the organization tick.

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  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
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Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Not Applicable

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Not Applicable

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Not Applicable

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Not Applicable

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

Not Applicable