The Global Compact Network Tanzania brought together 100 leaders from business with representatives from government, the UN, Civil society and academia to highlight private sector commitment on responsible business practices and Sustainable Development Goals (SDGs) at its first Annual General Meeting which followed by election of board of directors. Under theme “Thought Leadership on “Tanzanian Businesses practices towards a sustainable corporate investment.
The UN Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. It is a principle-based framework for businesses, stating ten principles in the areas of Human rights, Labour, the Environment, Anti-corruption and Sustainable development goals (SDGs).
Global Compact Network Tanzania plays critical role in raising awareness of businesses and non-businesses on the benefits of operating in a responsible way, adhering and reporting on the Ten UN global compact principles. With an emphasis on bringing anti-corruption and good governance / ethics promotion elements together, through supporting engagement (collective action) and dialogue between its participants, government, civil society and other partners.
The UN Global Compact’s tenth principle against corruption underlines the shared responsibility and willingness of the private sector to play its part in reducing corruption. Members of the Global Compact Network Tanzania (GCNT) will use this opportunity to reflect on the theme of the meeting specifically, the state of business practices in Tanzania, ethical business leadership and re- building of trust between public and private sectors.