Examples of UN Global Compact principles in a sentence
Rules of Procedure shall be presentedto and adopted by the22 Commission at the annual meeting of each year.
When feasible, PGGM shall undertake best efforts to divest existing exposures to these companies all together and/or shall engage with the companies, or a selection thereof, that are in (very) severe violation of the OECD guidelines and/or the UN Global Compact principles.
Firstly, non-compliant companies according to the UN Global Compact principles (Pillar I) and companies with a severe level of controversy according to Sustainalytics (Pillar II) are excluded.
The investments are monitored on the basis of the UN Global Compact principles.
The Investment Manager considers six of these exclusions:- Companies involved in the production or distribution of controversial weapons,- Tobacco producers,- Companies significantly involved in adult entertainment production,- Companies with significant exposure to thermal coal,- Companies with significant exposure to predatory lending, and- Non-compliant companies according to the UN Global Compact principles.
For Advania to fulfil the commitments of the UN Global Compact principles underlying this Code of Conduct, all Advania employees have rights and obligations which they are expected to understand and fulfil.
As from 1 January 2022 at the latest, PGGM shall avoid new investments in companies that are in very severe violation of the OECD Guidelines for Multinational Enterprises (hereinafter OECD guidelines) and/or the UN Global Compact principles.
In addition, the Management Company will not invest in any companies that are in severe breach with the UN Global Compact principles and the OECD Guidelines for Multinational Enterprises.
Such companies are selected based on their exposure to the engagement topic, the size and relevance in terms of portfolio positions and related risk.For engagement based on potential company misconduct, cases are selected through the screening of news flows to identify breaches of the UN Global Compact principles or OECD guidelines for multinational enterprises.
In relation to human capital, companies are required to operate in line with among others the UN Global Compact principles, UN Guiding Principles for Business and Human Rights, and the International Labour Organization’s fundamental principles related to child labour, forced labour, union and collective bargaining and discrimination.