Bearing signs up to United Nations Global Compact

by Jörgen Eriksson on November 7, 2014

Commitment to UN Global Compact

Global Compact logoOn November 5th, Bearing Group Ltd (the group parent company of Bearing) signed up to UN Global Compact. Being an international consultancy with assignments in both advanced and emerging economies, we have decided to adapt the compact to align our CSR policy with an international framework. Our letter of commitment can be retrieved from this link.

The United Nations Global Compact is a United Nations initiative, formed in 2000,  to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to annually report progress on their implementation. It has two main objectives:

1. Implementation of  ten core principles in business activities around the world.

2. Catalyse actions in support of broader UN goals, such as the Millennium Development Goals.

The programme was initially set up for governments, companies and labour organisations  and it has extended to cities. The UN Global Compact Cities Programme was launched in 2002, as an urban-focused component of the Global Compact and aiming to improve urban life in cities throughout the world. Melbourne became the first city to engage in the Global Compact in June 2001 and there are now over 80 member cities.

The ten core principles

ten principles

Resources and reporting

Global Compact activity report 2013As is required by the framework, we will publish an annual brief on progress in alignment with the the ten principles and in supporting broader UN development goals. The brief will be published here on The Bearing Wave and in a mandatory letter to United Nations.

There are a number of guides published within the Global Compact framework. Below are links to three of them:

Here is a link to Global Compacts Blueprint for Corporate Sustainability Leadership.

Here is a link to Global Compacts Framework for Action Against Corruption.

Here is a link to the Global Compact Activity report for 2013.

Closeup of a business people with hands together

About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail, connect on LinkedIn onörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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