Stock Spirits sign UN Global Compact
Stock Spirits Group has become a signatory of the United Nations Global Compact (UNGC), the world's largest voluntary corporate initiative to implement universal sustainability principles. As a participating company, Stock Spirits will further align its sustainability strategy with the ten UNGC principles in the areas of human rights, labour, environment and anti-corruption.
The UNGC is the world's largest social responsibility initiative with more than 10,000 participants from over 160 countries. Based on ten principles (outlined below), our participation means that we are committed to operating our business in accordance with those principles.
Our commitment to the UNGC forms part of our Planet, People, Processes (PPP) strategy that was announced today in our half year results presentation, placing sustainability at the heart of our business. The details of our PPP strategy, and initiatives to support it, will be rolled out later this year, and will cover our relationship with the environment, our contributions to the communities in which we operate and the framework of disciplines and processes that govern our business.
Our letter of commitment to the UN Global Compact can be read in full HERE.
The Ten Principles of the UN 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.