The Communication on Progress (CoP) is the primary mechanism for participating companies to demonstrate progress made against the Ten Principles of the UN Global Compact.
To add value and streamline sustainability reporting, a new Communication on Progress has been designed to enable participating companies to understand, measure, track and disclose their performance on the Ten Principles of the United Nations Global Compact and their contribution to the Sustainable Development Goals.
NEW “COMMUNICATION ON PROGRESS” POLICY (2023)
With the introduction of the new Communication on Progress, we will transition from a narrative format to a standardized questionnaire supported by a digital platform. All participants will be required to disclose their progress using the new Communication on Progress system beginning in 2023.
The new Communication on Progress will result in improved data that drives sustainability progress and enables participating companies like yours to:
In 2022, the UN Global Compact extended a special invitation to participating companies to join our Early Adopter Programme. Participants in the programme received early access to the pre-release version of the CoP framework and digital platform and had the opportunity to provide targeted feedback that will shape the platform before its full release in 2023. More than 850 participants from over 80 countries disclosed their progress using the new CoP platform in the Early Adopter Programme. 89% of surveyed participants either agree or strongly agree that the CoP meaningfully improves reporting on the Ten Principles and helps advance corporate sustainability, and another 80% of are likely to recommend the CoP to their peers.
ONLY TWO REQUIREMENTS
It will be also introduced a universal submission period that runs from 1 March through 30 June each year (for 2023: 27 March - 15 July).
Companies that submit their CoP by the four-month submission period deadline will be “active”. Should the company fail to meet the June 30 deadline, it will automatically acquire the “non-communicating” status on the UN Global Compact website and, after December 31, will be excluded from the initiative (delisted). “Delisted” companies, in order to re-join the UN Global Compact, will have to go through the membership process again by submitting their missing Annual Communication on Progress at the same time.
Here you can find the CoP dedicated page on UN Global Compact website.