JSW Steel has joined the United Nations Global Impact (UNGC) initiative. The UNGC encourages companies to conduct business responsibly by aligning their operations and strategies with the UN’s 10 principles. JSW Foundation, the social arm of the JSW Group, is a member of UNGC and part of the India local network of UNGC.
Key Points related to JSW Steel
- A majority of JSW’s strategic focus areas and organizational goals have been formulated to align with the UN SDGs.
- The formal membership with JSW and UNGC will continue executing operations and practices sustainably.
- The initiative also commits companies to take actions to advance broader Social benefits through the UN Sustainable Development Goals (SDGs).
- The UNGC holds members from over 160 countries of more than 20,000 companies and over 69 local networks.
What is United Nations Global Compact (UNGC)?
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on their implementation. The UN Global Compact is a principle-based framework for business, starting with ten principles in the areas of human rights, labor, environment, and anti-corruption.