UN Global Compact

The Global Compact was formed at the initiative of then UN Secretary General, Kofi Annan, in 1999, because the UN wants business and industry to be more closely associated with the UN’s work. Companies that sign the Global Compact undertake to support 10 principles on human rights, labor standards, the environment and the fight against corruption.

Hydro was among the first companies to sign up as member of the Global Compact in 2000. We strongly support the principles of the GC, and have integrated them into our policies and practices. We operationalize them through development of guidelines, reporting, training, and workshops. Our commitment is also expressed by President and CEO Svein Richard Brandtzæg in his letter to shareholders in Hydro's Annual Report 2011.

In addition to our participation in the Global Compact, we also take active part in the Global Compact Nordic Network.

Hydro has for 2011 chosen to report at an advanced level according to the UN Global Compact's Communication on Progress procedures.

	Page	Annual report	hydro.com	GRI indicator
Human rights
Principle 1	Support and respect the protection of internationally proclaimed human rights	Page 7, 10, 15-16, 58-64	Integrity and human rights Community impact	EC5, LA4, LA6-9, LA13-14, HR1-9, SO5, PR1-2, PR8
Principle 2	Make sure not to be complicit in human rights abuses	Page 58-64	Integrity and human rights	HR1-9, SO5
Labor standards
Principle 3	Uphold the freedom of association and the effective recognition of the right to collective bargaining	Page 15-16, 58-64	Community impact	LA4-5, HR1-3, HR5, SO5
Principle 4	Elimination of all forms of forced and compulsory labor	Page 15-16, 58-64	Integrity and human rights	HR1-3, HR7, SO5
Principle 5	Effective abolition of child labor	Page 15-16, 58-64	Integrity and human rights	HR1-3, HR6, SO5
Principle 6	Eliminate discrimination in respect of employment and occupation	Page 10, 15-16, 58-64	Integrity and human rights Community impact Organization	EC7, LA2, LA13-14, HR1-4, SO5
Environment
Principle 7	Support a precautionary approach to environmental challenges	Page 7, 9, 14-15, 54-58, 61, 67-69	Energy and climate change Resource management	EC2, EN18, EN26, EN30, SO5
Principle 8	Undertake initiatives to promote greater environmental responsibility	Page 7, 9, 14-15, 54-58, 61, 67-69	Energy and climate change Resource management	EN1-30, SO5, PR3-4
Principle 9	Encourage the development and diffusion of environmentally friendly technologies	Page 7, 9, 14-15, 54-58, 61, 67-69	Energy and climate change Resource management	EN2, EN 5-6, EN 18, EN 26, SO5

Anti-corruption
Principle 10	Work against all forms of corruption, including extortion and bribery	Page 7, 10, 15-16, 58-60, 63	Integrity and human rights	SO2-6

Updated: March 21, 2012

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