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Ban Ki-moon
United Nations Secretary General |
Communication on ProgressWhen joining the Global Compact, companies make a commitment to issue an annual Communication on Progress (COP), a public disclosure to stakeholders (e.g., investors, consumers, civil society and Governments) on progress made in implementing the ten principles of the UN Global Compact, and in supporting broad UN development goals. The COP requirement serves several important purposes:
All business participants are required to post their COP on the Global Compact website and to share it widely with their stakeholders. The COP is the most important expression of a participant's commitment to the Global Compact and its principles. Violations of the COP policy (e.g., failure to issue a COP) will result in the change in participant status to non-communicating and can eventually lead to the delisting of the participant. (Please note that the COP Policy does not apply to non-business participants, although many choose to develop a COP.)
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