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

Iuliia Bulgakova, Sergei Nabok

2021

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.

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