UN Global Compact and Code of Conduct: The Case of Turkey

Abstract

The United Nations Global Compact initiative is a universally accepted set of principle that presented for businesses. The aim behind the principles is encouraging businesses to align their operations and strategies with committed values. Not only business but also governments, labor, civil society organizations could be part of this initiative. The principles are not code of conduct; it could be accepted as a frame to persuade companies to perform in the direction of globally shared values. This paper analyzes if there is any common ground or differences between the companies’ code of conduct and the UN global compact principles. For the purpose, companies that participate in the global compact initiative from Turkey will be analyzed. This study may be useful for managers to realize the relation between Global Compact principles and code of conduct to create a company that really internalize these principles.