Bristol-Myers Squibb Joins UN Global Compact
Largest corporate citizenship and sustainability initiative.
Aligned with our Commitment to our global communities, Bristol-Myers Squibb has been formally accepted as a participant of the United Nations Global Compact. It is the world’s largest corporate citizenship and sustainability initiative.
Begun in 2000, the UN Global Compact has grown to more than 8,700 corporate participants and other stakeholders in 130 countries. With the United Nations as the authoritative facilitator, participants in the Compact include companies, governments, labor and civil society organizations.
At the core of the Global Compact is a set of 10 principles covering human rights, labor, environment and anticorruption based on universally accepted international documents for participantss to endorse and internalize within their organizations’ strategies, policies and operations.
The UN Global Compact principles state that businesses should:
- Support and respect the protection of internationally proclaimed human rights; and
- Make sure that they are not complicit in human rights abuses.
- Uphold the freedom of association and the effective recognition of the right to collective bargaining;
- Uphold the elimination of all forms of forced and compulsory labor;
- Uphold the effective abolition of child labor; and
- Uphold the elimination of discrimination with respect to employment and occupation.
- Support a precautionary approach to environmental challenges;
- Undertake initiatives to promote greater environmental responsibility; and
- Encourage the development and diffusion of environmentally friendly technologies.
- Work against corruption in all its forms, including extortion and bribery.
The Global Compact provides participants with tools, resources and networks to help implement these principles. Participant organizations, in turn, are expected to report annually on their progress.