UN Global Compact & Extractive Industry Transparency Initiative

What is the United Nations Global Compact?
The United Nations (“UN”) Global Compact is a world-wide strategic policy initiative for private sector businesses that are committed to promoting and aligning their operations and strategies with universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

United Nations Global Compact in Iraq
On October 15, 2011, the UN Development Programme and the Iraqi Council of Ministers Secretariat launched the UN Global Compact in Iraq. WesternZagros is proud to be one of the original 31 companies, civil society organizations and multinational enterprises operating in Iraq that formally joined to support this historic, important initiative promoting global standards in corporate social responsibility, and economic and social development. The initiative has now expanded to over 58 companies.

WesternZagros is committed to the expanding UN Global Compact program in Iraq, which includes the goals and principles described below.

Millennium Development Goals in Iraq
The Millennium Development Goals (“MDGs”) are eight goals identified by the UN Global Compact to be achieved by 2015 that respond to the world’s primary development challenges. The MDGs are crucial in achieving a better future for Iraq and its people.

Over the course of the coming five years, the UN Global Compact in Iraq will work with the government at all levels and with civil society organizations, academia and the private sector to promote the MDGs, raise awareness of their importance and support their achievement.

Eight Goals

  1. Eradicate extreme poverty and hunger
  2. Achieve universal primary education
  3. Promote gender equality and empower women
  4. Reduce child mortality
  5. Improve maternal health
  6. Combat HIV/AIDS, malaria and other diseases
  7. Ensure environmental sustainability
  8. Global partnership for development

Ten Principles
The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption:

Human Rights
1: Support and respect the protection of internationally proclaimed human rights; and
2: Make sure we are not complicit in human rights abuses.

Labour
3: Uphold the freedom of association and the effective recognition of the right to collective bargaining;
4: Eliminate all forms of forced and compulsory labour;
5: Abolish child labour; and
6: Eliminate discrimination in respect of employment and occupation.

Environment
7: Support a precautionary approach to environmental challenges;
8: Undertake initiatives to promote greater environmental responsibility; and
9: Encourage the development and diffusion of environmentally friendly technologies. 

Anti-Corruption
10: Work against corruption in all its forms, including extortion and bribery.

Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (“EITI”) is a coalition of various stakeholders, including governments, companies, civil society groups, investors and international organizations, that aim to strengthen governance by improving transparency and accountability in the extractive sector.

WesternZagros supports the EITI. We believe in business transparency throughout our organization and in our operations. We are committed to the principles of open disclosure about our business, accessible records and fiscal responsibility.