Committed to creating more viable societies in the regions where it operates, Hydro in Brazil has advanced in its Human Rights and sustainability agenda, integrated with its values and business strategies. In order to be aligned with the best global practices, the Company has made several partnerships and associations with sustainability and Human Rights institutions, in addition to participating in forums that have business representatives engaged in promoting respect for human rights, sustainable growth and citizenship. This is the case of the Global Compact, a UN initiative that engages the private sector in actions aligned with the Sustainable Development Goals (SDGs), of which Hydro in Brazil is the new signatory.
For more than 20 years, Hydro Global has participated in the Global Compact, which is considered the largest voluntary platform for corporate sustainability in the world, with more than 17,000 members, including companies and organizations, covering almost 170 countries. By joining the Global Compact, Hydro in Brazil undertakes to report annually its progress in relation to the 10 universal principles of the Compact in the areas of Human Rights, labor, environment and anti-corruption. Thus, the initiative encourages the constant evolution of internal sustainability practices.
Adherence to the Global Compact also reinforces the Company's commitment to contributing to the achievement of the UN SDGs, which guide Hydro's social responsibility actions in Brazil, in a trajectory that prioritizes open dialogue and collective action with stakeholders. The ongoing initiatives are focused on: Quality Education, Decent Work and Economic Growth; and Peace, Justice and Effective Institutions. Aiming to make a positive difference in communities and partners, the goal is to contribute quality education and training to 500,000 people in our communities and business partners by 2030.
About the Global Compact – Created in 2000, the Global Compact was conceived by former UN Secretary General Kofi Annan and gives members access to tools that will contribute to expanding the company/organization's involvement with sustainability issues and discussions in the area. It also makes it possible to participate in local and international programs, including thematic groups that lead projects in the areas of Water, Food and Agriculture, Anti-corruption, Human Rights and Labor, Energy and Climate and ODS. With more than 17 thousand participants in almost 170 countries, the initiative has more than 1300 members in Brazil, a country that has the third largest network in the world.
Human Rights Case – On October 5th, the United Nations High Commission for Human Rights (OHCHR) and the Global Compact launched a publication on Good Business Practices in Human Rights, which includes the case “Due Diligence in Human Rights ”, prepared by Hydro. The Company's case was one of the 12 Brazilian highlights in Human Rights and Business practices, out of a total of 33 eligible cases. The publication is the result of a partnership between the OHCHR and the Brazil Network of the Global Compact.