United Nations Global Compact (UNGC)
Support the United Nations Global Compact (UNGC)
On May 9, 2006, NYK announced its endorsement and support for the United Nations Global Compact (UNGC). NYK was the 43rd Japanese organizations participated in the UNGC, including a number of local governments. In January 2009, we announced our support for the Caring for Climate initiative on climate change and became a signatory to the document.
The philosophy advocated by the UNGC is in harmony with the philosophy and orientation of the NYK Group as a global logistics services company. As we seek to evolve into a more global company, the NYK Group will develop and implement international CSR guidelines that meet the standards of the world community based on the UNGC initiatives and will act in ways that help to achieve sustainable growth for society as a whole.
To ensure integrity, the UNGC requires participating organizations to mandates, reporting on detailed activities and results in their efforts to achieve the UNGC's ten principles every year. NYK has submitted it since 2006, primarily covering the information contained in the NYK report, and we have been submitted a UNGC Advanced COP.
- More Information:
United Nations Global Compact (UNGC)
The UNGC was first proposed by United Nations Secretary-General Kofi Annan in 1999 and formally organized the next year, in July 2000. Companies from around the world may participate by supporting and acting on the UNGC's ten principles in the four areas of human rights, labour, environment, and anti-corruption. The objective is to achieve sustainable growth for society by having companies that endorse and support the UNGC voluntarily behave as good citizens.
Based on the NYK Group's mission statement, "Bringing value to life", NYK practices the ten principles of the UNGC in all aspects of its business, serving the international community as a good corporate citizen.
The Ten Principles of the United Nations Global Compact
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 labour;
Principle 5: the effective abolition of child labour; 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.
UN Global Compact Promotion Committee
The Global Compact Promotion Committee was established in 2010 to promote the UN Global Compact and investigate and respond to human rights violations. In fiscal 2023, the committee amended its name to the UN Global Compact Promotion Committee and began meeting quarterly.
Comprising representatives from ESG Management Group, Human Resources Group, and Legal & Fair Trade Promotion Group, the committee advances initiatives focused on UNGC principles 1-6, which deal with human rights and labour standards, and principle 10, which addresses anti-corruption. Through global human resource surveys, as well as processes for human rights due diligence, the committee investigates business execution and matters that may violate the UNGC, confirms facts, and then discusses and determines any corrective measures.
The Decarbonization Group heads up initiatives for UNGC principles 7-9, which deal with the environment.