Friday, April 18, 2014

Caixa Geral de Depósitos adheres to the 10 principles of the Global Compact

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Caixa Geral de Depósitos just signed a commitment with the United Nations Global Compact, the UN (United Nations), the largest voluntary corporate responsibility initiative in the world.

"This membership stems from the CGD commitment to work towards continuous implementation of the ten principles which that organization advocates", explains the Portuguese institution in a statement.

The Global Impact is an initiative that proposes strategic policies for companies undertaking to align its business with 10 universally accepted principles in the areas of human rights, labour practices, environmental protection and anti-corruption.

These principles derive from the Universal Declaration of human rights, the Declaration of Principles of the International Labour Organization, the United Nations Development Programme and the United Nations Environment Programme.

By subscribing to these principles, CGD will integrate and collaborate actively in Portuguese network, as well as in the Global Compact networks that exist in the countries where it has operations with relevant impact on society, economy and environment â€" and therefore contribute to the development of local communities.

"This bond strengthens the CGD commitment to Corporate Sustainability Program, allowing you to assign a practicality and greater reach to the values and principles that we advocate for the group," concluded the institution.

Foto: USAID_IMAGES/Creative Commons

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