2014 was a mixed year for the United Nations Global Compact (UNGC) initiative, which has been working to increase the adoption of sustainable practices in the global business sector.
The organization announced last week that it had expelled 372 companies in the last half of 2014 for not submitting their Communication of Progress (COP) reports, which members are required to submit on a yearly basis. The COP details the member’s progress in meeting the 10 goals of the UNGC. So far, the number of expelled companies for 2014 stands at 657.
“These expelled companies represent 10 percent of the 3,760 participants due to submit a Communication on Progress (COP) within the second half of 2014,” said the UNGC, which pointed out that the organization also took on 729 new members in the last half of 2014.
(Source: Triple Pundit)