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Question 1

Links between GRI and UN Global Compact (UNGC)

There are indeed certain links between the GRI and the UN Global Compact (UNGC). The companies who participate in the Global Compact commit themselves to some of the universal principles that have to be abided by mandatorily. These areas are human rights, labor, social environment and anti-corruption. 

The Global Compact has made some particular levels of commitment levels in their COPs. They have some minimum GC Active level in which the Chief Executive of the particular company has to make sure about how they have been committed in commitment to the facts that have been mentioned in the GRI (Fernandez-Feijoo, Romero and Ruiz 2014). The companies must include the ten principles that are important for securing the Strategies and Operations of the company in those chosen areas. The companies must have to take action in the cases where the rules are breached and they have to strict so that they can be supportive towards the broader objectives taken up by the United Nations. In this way the corporate governance and leadership will be feeling an impact with its sustainability (Benn, Dunphy and Griffiths 2014).

A company like Puma will have deep implications because of this Global Compact. They have to maintain those guidelines for achieving the sustainability (About.puma.com 2017) The core values they focus on are the social, economical and environmental developments. They will be looking forward to serve the society more with their charity works which they think is part of 

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