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Social Responsibility - UN Global Compact
Global Alumina's interest in Guinea Alumina was reduced to a one-third minority interest upon formation of the Joint Venture. As a result, Global Alumina no longer directs Guinea Alumina's operations and therefore has ceded its formal tie to the UN Global Compact. However, Global Alumina shares its support of The Global Compact's 10 Principles with its joint venture partners in the conduct and practices of Guinea Alumina.
In July 2007 the United Nations commended Global Alumina for its use of best practices in establishing partnerships for development in a publication titled An Inspirational Guide to Implementing the United Nations Global Compact. The company’s efforts were also highlighted in a case study for the Global Compact Learning Forum.
Global Compact Website: http://www.unglobalcompact.org
The Global Compact’s 10 Principles
- Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
- 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 labor;
- Principle 5: the effective abolition of child labor; and
- 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; and
- 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.