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Corporate Social Responsibility > International Frameworks |
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UN Global Compact
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| | | Incorporating ethical and responsible conduct in all our operations | | | The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. |  | Being a member of UN Global Compact (GC) since 2005, AAIB hosted the 2nd Roundtable Meeting for GC on February 9th 2010, at the Four Seasons Nile Plaza Hotel, in coordination with the Egyptian Corporate Responsibility Center (ECRC). The Global Compact tackles ten principles focusing on four major areas: Human Rights, Labor, Environment and Anti-Corruption. The meeting featured 50 attendees, both existing and potential UN Global Compact members, from various sectors such as NGOs, private sectors and academic institutions from Egypt. It was a very successful chance for UN Global Compact members to provide an update on their activities, while discussing ways of collaboration to promote and attract new members from Egypt to join Global Compact.
The Head of Marketing and Communication, Dr. Abdel Kader, presented AAIBs CSR updates while promoting the We Owe it to Egypt Foundation, and declared that the bank will support UNGC by acting as a focal point in Egypt to attract new members to join from the banking sector. Furthermore, Dr. Abdel Kader explained we cannot network CSR on a single basis, we have to network collectively.
AAIB issues an annual "Communication of Progress" Report to the Global Compact which states all the banks achievements and activities within CSR.
AAIB became a member of the UN Global Compact in 2005. Ever since then, the Global Compact's ten principles have provided a guiding framework for the banks CSR efforts.
| | UN Global Compact Principles |  | | | The LBG model takes the form of a matrix that provides a comprehensive and consistent set of measures for CSI professionals to determine their company's contribution to the community; including cash, time, in-kind donations as well as management costs. The model also captures output and the longer-term impact of CSI projects on communities and the business itself. |  |  |  | | Human Rights
Principle 1: Support and respect the protection of internationally proclaimed human rights; and
Principle 2: Make sure that they are not complicit in human rights abuses.
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| |  |  |  | | Labour Standards
Principle 3: 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 employment and occupation.
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| | | | | | Environment
Principle 7: support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
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| | | | | | Anti-Corruption
Principle 10: : Businesses should work against corruption in all its forms, including extortion and bribery.
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| To read our annual Communication of Progress Reports, click here.
For more, please visit:http://www.unglobalcompact.org/ |
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