The UNGC (United Nations Global Compact) entail policies and practical frameworks that companies commit to for sustainability and accountable business practices. Businesses, therefore, seek to align their strategies and operations with the 10 principles that cover labor, human rights, anti-corruption, and environment among others to give support to the United Nations key objectives. However, according to Sethi and Schepers (2014), implementation of the 10 principles have never come easy as most companies are faced with unique business strategies, risks, and special challenges that open them up to conflicts, weak, and high-risk business operations (Voegtlin & Pless 2014). The recognition of high-risk regions of the international community carries with it unique dilemmas for the UN Global Compact. The implementation of the UN Global Compact has thus faced numerous challenges in which the civil society, investors, companies, and the United Nations have attempted to formulate a wide range of guidance to give support and positivity towards business contribution, peace, and development.
In order to safeguard and work towards achieving its goals, the UN, international organizations, businesses, and the private sector ought to draft a series of measures and responsible business practices to overcome the challenge and dilemma (Compact 2014). The UN and all its stakeholders need to implement practical values, decision-making strategies, pilot projects, and building on key business resources as the main solution to overcoming the dilemma (Brown Clark, & Buono 2017). It is no doubt that these measures can be achieved by a single entity or framework, but through a dedicated effort by developing an all-inclusive strategy towards solving the impasse.
At the same time, the international community in addition to business organizations and the private sector ought to enhance peace and stability in all regions of the world. Peace is essential to growth and development. To achieve and address the dilemmas, the society wholly needs to embrace peace and stability through a raft of peaceful initiatives that include diplomatic consensus and initiatives across the societies.
References
Voegtlin, C., & Pless, N. M. (2014). Global governance: CSR and the role of the UN Global Compact. Journal of Business Ethics, 122(2), 179-191.
Sethi, S. P., & Schepers, D. H. (2014). United Nations global compact: The promiseperformance gap. Journal of Business Ethics, 122(2), 193-208.
Rasche, A., & Waddock, S. (2014). Global sustainability governance and the UN Global Compact: A rejoinder to critics. Journal of Business Ethics, 122(2), 209-216.
Brown, J. A., Clark, C., & Buono, A. F. (2017). The United Nations Global Compact: Engaging Implicit and Explicit CSR for Global Governance. Journal of Business Ethics, 1-14.
Compact, U. G. (2014). Overview of the UN Global Compact. Recuperado de https://www. unglobalcompact. org/ParticipantsAndStakeholders/business _associations. HTML.
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