Financial Report

Communication on Progress

Reporting to stakeholders in a transparent and public manner is fundamental for companies committed to sustainability. Your company’s annual Communication on Progress (CoP) is a key component of your commitment to the UN Global Compact. To streamline reporting on the Ten Principles of the UN Global Compact and the Sustainable Development Goals and support an evolving reporting marketplace, the UN Global Compact has launched a new CoP process.

For 2022, most of the UN Global Compact participants will continue to use the current CoP format and deadline schema (more information below). Only a small amount of companies will try and test the new platform within the Early Adopter Programme.

Communication on Progress (as of 2023)

For 2023, the UN Global Compact will introduce a new digital online platform for submitting the annual CoP in the form of a questionnaire. The new CoP requirements will become mandatory for all UNGC business participants as of 1st January 2023 and relevant documents can be found at the bottom of the page.

 

The enhanced Communication on Progress is designed to:

  • Build credibility and brand value

  • Measure and demonstrate progress

  • Receive insight, learn, and continuously improve performance

  • Compare progress against peers

In addition, it bears notable changes such as:

  • Transitioning from narrative format to standardized questionnaire

  • Alignment with established reporting frameworks

  • Option to attach supplementary material (e.g., corporate sustainability report)

  • Introducing a Digital Signature System for submission of the statement of the Chief Executive Officer

  • Introducing a universal submission period (March through June of each year)

  • Reducing the “non-communication period” from twelve to six months

  • No “CoP Express” form

Communication on Progress (until 2022)

The Communication on Progress (CoP) is an annual public disclosure through which businesses inform stakeholders about their efforts in upholding and implementing the Ten Principles of the UN Global Compact.

 

As the central component of the Global Compact’s integrity measures, the CoP aims to:

 

  • Strengthen accountability regarding the performance of UN Global Compact participating companies on both the Ten Principles and Sustainable Development Goals

  • Promote continued learning by disseminating examples of best practices

  • Improve stakeholder access to relevant and comparable corporate data on the Ten Principles and SDGs

 

The CoP of all companies are published on the UN Global Compact website.