Foundation for the Global Compact

What it reported doing in 2024

The foundation supported the un global compact to plan and implement its programmatic goals. The un global compact is the largest corporate sustainability initiative in the world, with more than 12,000 companies and 3,000 non-business signatories based in over 160 countries, and 69 local networks. Businesses that join the initiative commit at the ceo-level to align their corporate strategies and operations with ten principles on human rights, labour, environment and anti-corruption, and take actions to support the sustainable development goals. Through providing authoritative guidance, training, tools and support, and connecting stakeholders across the globe, the un global compact enables businesses of all sizes and from all sectors to achieve their sustainability objectives. The un global compact has an enduring track record on delivering impact, and works alongside several strategic partners to do so, including the largest responsible investment and responsible management education initiatives in the world. The principles for responsible investment (pri) initiative is a network of international investors that counts more than 20,000 participants from the financial sector with more than us $86 trillion worth of assets under management. The principles for responsible management education (prme) initiative is the largest responsible management education network in the world, working to transform business and management education, research and thought leadership globally, and educate tomorrow's responsible business leaders.change happens on the ground. To accelerate the transformation towards sustainable markets, the global compact is committed to helping companies make the global goals local business. Through its 69 global compact local networks, the un global compact spans the world, working in both mature and emerging markets. In recent years, local networks in developing countries in particular have experienced significant growth. Through its local networks, businesses have a seat at the table to help solve social and environmental challenges and take action through public-private partnerships. Global compact local networks are business-led, multi-stakeholder platforms that work directly with businesses to help them implement the ten principles of the un global compact and advance the sustainable development goals. Thanks to their local and regional expertise, local networks are uniquely positioned to help companies understand what responsible business means within different national, cultural and language contexts. They facilitate outreach, learning, policy dialogue, collective action and partnerships.to support companies everywhere in advancing the ambitions of the 2030 agenda for sustainable development, the un global compact has developed a portfolio of action platforms to advance responsible business activities and fill emerging gaps in meeting the global goals. Through these action platforms, the un global compact invites businesses to collaborate with like-minded peers and experts to develop unique and innovative approaches to critical corporate sustainability issues. Rooted in the ten principles of the un global compact, each action platform convenes representatives from business, global compact local networks, academia, civil society, government and the united nations to solve complex and interconnected issues, explore new market opportunities and innovate around the global goals the un global compact.to deliver impact at scale, the un global compact is working with its business participants at the country level through local networks to generate action through a series of global impact initiatives that address key global challenges. Global impact initiatives are designed to accelerate action, scale and the mainstreaming of best practices, innovation and ambition to support the achievement of the global goals.aims to mainstream the sustainable development goals among businesses worldwide. Through implementing more i

Financial Efficiency

• Mission deployment rate: 90.4%; rating input score 90
• Program expense ratio: 84.4%; rating input score 84
• Fundraising efficiency: $60.36 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 99.2%; rating input score 99; 32nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -7.1%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 0.51; rating input score 16; 16th percentile among comparable filings
• Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 15.8% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 13.3% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 13.3% per year; rating input score 100; 77th percentile among comparable filings