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Friday, February 26, 2016

Corporation Georgian Wine joins UN Global Compact infinitive

26.02.2016 (Hvino News). Corporation Georgian Wine (CGW) has become the only Georgian wine producer to join in the United Nations' Global Compact infinitive.

The United Nations Global Compact is a United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

"I am pleased to confirm that Corporation Georgian Wine supports the ten principles of the Global Compact on human rights, labour, environment and anti-corruption", reads the letter signed by Mikheil Khundadze, CGW's general director.

Among others, these ten principles include:
  • Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Principle 9: encourage the development and diffusion of environmentally friendly technologies.
  • Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of human rights, labour, the environment and anti-corruption. The UN Global Compact is the world's largest corporate sustainability initiative with 13000 corporate participants and other stakeholders in over 170 countries.

The first Georgian wine company to join Global Compact was Teliani Valley in 2007, but in 2012 it was de-listed "due to failure to communicate progress". In total, 51 Georgian companies and non-profits have joined the UN initiative. 

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