The global compact was established by the united nations and is the basis for a sustainability initiative.
What is a sustainability initiative?
This refers to an approach that is aimed at the long-term success of an initiative strategy by focusing on the ethical, social, environmental, cultural, economic dimensions etc
Therefore, as the global compact means the initiative that global corporations can sign on to committing to responsible business practices which was established by the united nations, it is also the basis for a sustainability initiative.
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