New York - The number of companies delisted since 2008 for failure to meet the UN Global Compact’s mandatory annual reporting requirement, also known as the Communication on Progress (COP) policy, has now passed 1,000.
As part of the announcement, the Global Compact Office also released a full listing of the 1,005 companies delisted as of 6 October.
Businesses in the Global Compact are required to report annually on progress made in the implementation of the initiative’s ten principles covering human rights, workplace standards, the environment, and anti-corruption. Failure to submit a COP to the public Global Compact database within one year of joining the Global Compact results in a change of a company’s status. Consecutive failures to submit a COP leads to removal (delisting) of the company.