Hung Hing is committed to promote sustainable development in all our business activities and operations, and to continuously improve our operations and to conduct our business responsibly. Recently, we stepped up our commitment in responsible business practices in the areas of human rights, labour, the environment, and corruption by signing the Ten Principles of the United Nations Global Compact, the world’s largest corporate sustainability initiative.
“We are committed to making the UN Global Compact and its principles part of the strategy, culture and day-to-day operations of Hung Hing, and to engaging in collaborative projects which advance the broader development goals of the United Nations, particularly the Sustainable Development Goals,” said Matthew Yum, Executive Chairman.
“A key requirement for participation in the UN Global Compact is the annual submission of a Communication on Progress (COP) that describes our efforts to implement the Ten Principles. It increases transparency and accountability, pushes us to continue to improve on our performance and ensures that we live up to the expectations set by the Compact and the United Nations,” said Dennis Wong, General Manager Corporate Responsibility and Compliance.
The Ten Principles of the United Nations Global Compact are derived from: the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention Against Corruption.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
By incorporating the Ten Principles of the UN Global Compact into our strategies and policies, we are not only upholding our basic responsibilities to people and planet, but also setting the stage for long-term success.