Donetsk, 20 March, 2007 The UN Global Compact (GC) regional launch was conducted on Tuesday in Donetsk to invite Donetsk companies and agencies in voluntarily implementing the UN’s “ten commandments” of corporate social responsibility (CSR). This event was supported by the Donetsk Chamber of Commerce, local authorities and System Capital Management representing the company that already has become GC member.
b_106_80_16777215_00_images_content_news_884.jpg Donetsk, 20 March, 2007 The UN Global Compact (GC) regional launch was conducted on Tuesday in Donetsk to invite Donetsk companies and agencies in voluntarily implementing the UN’s “ten commandments” of corporate social responsibility (CSR). This event was supported by the Donetsk Chamber of Commerce, local authorities and System Capital Management representing the company that already has become GC member.
b_180_0_16777215_00_images_content_news_884.jpg Donetsk, 20 March, 2007 The UN Global Compact (GC) regional launch was conducted on Tuesday in Donetsk to invite Donetsk companies and agencies in voluntarily implementing the UN’s “ten commandments” of corporate social responsibility (CSR). This event was supported by the Donetsk Chamber of Commerce, local authorities and System Capital Management representing the company that already has become GC member.

The launch was attended by UN Resident Coordinator in Ukraine Mr. Francis O’DONNELL, Mr. Anatoliy BLYZNYUK, Head of Donetsk Oblast Council, Mr. Borys ADAMOV, Deputy Head of Donetsk Regional State Administration, Mr. Gennadiy TKACHENKO, Deputy Mayor of Donetsk, Mr. Gennadiy CHIZHIKOV, President of Donetsk Chamber of Commerce and Industry and more than 100 representatives of local businesses and media.

In his opening address Mr. O’DONNELL emphasized the importance of GC principles adoption for the development of the Ukrainian economy and awarded membership certificates to the CEO’s of three new members of the initiative from Donetsk: Minimetallurgical Works ISTIL (Ukraine), Financial Industrial Group Altcom and Association of Non-Governmental Organisations “Social Economic Strategies and Partnerships”. “Social benefits for the community delivered by businesses bring the benefits back to the business”, stated Mr. O’DONNEL.

“Labour aspect named as first in the CSR perception in Ukraine. This aspect has lots of room for the improvement and Donetsk companies can take this into account”, stated the key note speaker of the event Ms. Severine DEBOOS, International Labour Organization Programme Coordinator in Central and Eastern Europe. “CSR is about going beyond the minimum legislation standards”, she added.

Ms. Marina CHERENKOVA, Head of the Working Group on CSR Regional Policy of Donetsk Oblast Council emphasised in her presentation, “There is a common misunderstanding on CSR that exists in Ukraine. The community considers that only big companies are supposed to be responsible and that gets the major pressure on them, though SMEs can be responsible as well at their scale”.

On behalf of the GC current members, SCM Director of International and Investor Relations Mr.Jock MENDOZA-WILSON presented how business can benefit from the corporate social responsibility. He also noted that well-governed companies pay less interest for investment loans, and attract the best staff.

SCM provides on-going support to the promotion of Global Compact in Ukraine. Recently, SCM and UN signed a cooperation agreement for advocating and promoting Corporate Social Responsibility, Public-Private Partnerships and Global Compact initiative in Ukraine. The UN/SCM partnership project, amounting of USD 50,000, will be utilized for different public awareness activities, communicaton campaigns and development of GC web-site.
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Global Compact initiative was successfully launched in Ukraine in April 2006 and the first regional launch was conducted in Lviv in December 2006. Donetsk hosts the regional launch to be followed by presentation in Odessa in 2007. Currently the Global Compact Network in Ukraine has 56 members (companies and organizations) including 35 are multinational and large Ukrainian companies, 8 business associations, 3 national employers and trade union associations, 8 civil society organizations and 2 public organizations.

The GC is a unique national and international network of companies, helping it’s participants to impove the philosophy of business, plinciples and codes of behaviour and to share experiences. The mission of the GC network Ukraine is to promote corporate social responsibility (CSR) initiatives in Ukraine in line with the 10 Global Compact principles in four key areas of action - human rights and labour standards, environmental sustainability and anti-corruption.

Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights;
Principle 2: make sure that they are not complicit in human rights abuses.
Labour Standards
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour;
Principle 6: the elimination of discrimination in respect of employment and occupation.
Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility;
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Anti-corruption
Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.

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For further information, please contact: GC Communications Officer Ms. Alexandra AFANASIEVA at aleksandra.afanasieva@un.org.ua , tel: 8044-253-9363. More information at www.un.org.ua