The United Nations Global Compact as a Global Governance Mechanism of Corporate Social Responsibility and Sustainable Development

Iuliia Bulgakova, Sergei Nabok

Abstract

The study analyzes the United Nations Global Compact initiative (UNGC) as an attempt to develop a global governance mechanism to address the issues of corporate social responsibility (CSR) at the global level. The UN Global Compact is one of the most ambitious attempts to create a global governance system of businesssociety relations. Reflecting the Sustainable Development Goals at the corporate level, it strives to create a flexible self-regulating CSR system in such fields as human rights, labor relations, environmental protection, and anti-corruption. The key advantage of the GC as a global governance mechanism is its reliance on institutions and reputation of the UN as a leading platform for international dialogue.

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Paper Citation


in Harvard Style

Bulgakova I. and Nabok S. (2021). The United Nations Global Compact as a Global Governance Mechanism of Corporate Social Responsibility and Sustainable Development. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 59-64. DOI: 10.5220/0010586100590064


in Bibtex Style

@conference{issdri21,
author={Iuliia Bulgakova and Sergei Nabok},
title={The United Nations Global Compact as a Global Governance Mechanism of Corporate Social Responsibility and Sustainable Development},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={59-64},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010586100590064},
isbn={978-989-758-519-7},
}


in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - The United Nations Global Compact as a Global Governance Mechanism of Corporate Social Responsibility and Sustainable Development
SN - 978-989-758-519-7
AU - Bulgakova I.
AU - Nabok S.
PY - 2021
SP - 59
EP - 64
DO - 10.5220/0010586100590064