Israel joins UN corporate responsibility pact

The United Nations Global Compact, a voluntary initiative for social responsibility in private enterprise, was officially launched in Israel today, in a ceremony hosted by Foreign Minister Tzipi Livni.

The Compact pledges participating businesses – now numbering some 3,600 in over 100 countries – to observe principles regarding human rights, labour rights, environmental sustainability and the fight against corruption.

Today’s event set the stage for the future establishment of a Global Compact country network in Israel.

Leading Israeli businesses are expected to join the initiative in the weeks ahead.