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Companies Removed from UN Global Compact 01 August 08

Tembec logoThe UN Global Compact Office announced removal of 630 companies from its participant list this year due to failure to report progress on implementing responsible business practices.

As a voluntary initiative, the UN Global Compact provides a framework for building social legitimacy of business and markets. Companies are required to align with ten principles on human rights, the environment and anti-corruption.

To uphold the initiative's integrity the UN Global Compact removed firms including Ernst & Young, L'Oreal Argentina, and Mitsubishi Motors Cebu Corporation. Currently, 184 of the 5,982 participants are at risk of being de-listed for missing deadlines.

Tembec Inc, which operates the pulp mill in Pine Falls Manitoba, is among the companies de-listed in June 2008. The company is currently preparing to report to the UN to continue their commitment to the Global Compact.

View June 25, 2008 UN Global Compact article
View July 1, 2008 Business Green article
View July 22, 2008 Ethical Corporation article
View June 24, 2008 Overview of De-listed Companies (PDF)
Visit United Nations Global Compact website

Source: UN Global Compact, Business Green, and Ethical Corporation
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