Launch of Iraq Local NetworkBaghdad, 15 October 2011

The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

UN GLOBAL COMPACT MISSION STATEMENT

Human RightsPrinciple 1: Businesses should support and respect the protection of internationally proclaimed human rights; andPrinciple 2: make sure that they are not complicit in human rights abuses.

LabourPrinciple 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 labor;Principle 5: the effective abolition of child labor; andPrinciple 6: the elimination of discrimination in respect of employment and occupation.

EnvironmentPrinciple 7: Businesses should support a precautionary approach to environmental challenges;Principle 8: undertake initiatives to promote greater environmental responsibility; andPrinciple 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-CorruptionPrinciple 10: Businesses should work against corruption in all its forms, including extortion and bribery.

UN GLOBAL COMPACT 10 Universal Principles

UN GLOBAL COMPACT VISION & GOALS• Promotes partnerships of businesses and civil society in a

multi-stakeholder platform for responsible growth • Brings private sector and civil society in action for MDG

completion through social and environmental objectives on business agenda

“Corporate citizenship is not just about how money is spent, it’s also about how money is made.”

• Translates global UN values in business practices for a better workplace, for a corruption free market and for cohesive communities

• Contributes to a more sustainable and inclusive global economy

UN GLOBAL COMPACT HISTORYLaunched on 26 July 2000 in New York with roughly 40 businessesBuilt on fundamental principles of the:•UN Declaration of Human Rights (adopted by Iraq in 1948)•ILO Declaration (adopted along with core Conventions of the ILO: C29 (Forced Labour) (ratified 1962), C98 (Right to Organize and Collective Bargaining) (ratified 1962), C100 (Equal Remuneration) (ratified 1963), C111 (Discrimination, Employment and Occupation) (ratified 1959), C138 (Minimum Age Convention) (ratified 1985), C182 (Elimination of the Worst forms of Child Labour) (ratified 2001)•Rio Declaration (United Nations Framework Convention on Climate Change (Rio de Janeiro, 1992, acceded 2009) and Kyoto Protocol•to the UN Framework Convention on Climate Change (2009))•UN Convention Against Corruption (ratified in 2008)

UN GLOBAL COMPACT MEMBERSHIP

Equal participation from SME’s and large companies

6,200+ active business participants in 135 countries

95+ active local networks around the world

2800+ non-business participants from civil society, labour, academia

Equal participation in developed and developing world

170 of the Financial Times Global 500 companies (by market cap)

IRAQ LOCAL NETWORK BECOMES THE 96th MEMBERAs of 15 October 2011, UNGC is present in 136 countries

UN GLOBAL COMPACT MAP

We are now

In Iraq!

IRAQ LOCAL NETWORK’s MISSION

• Iraq Local Network is a powerful agent for change through collective action for:– More competitive business– More attractive workplace for jobseekers– Better services for communities– Cleaner environment for all through adoption of

green technologies – Corruption free economy – Modern business culture and engaging private sector

community– Better governance and accelerated transformation of

Iraq’s economy– Inclusive development and market build from within

PSDP-I role in Iraq’s economic reforms• Assist Government to gradually withdraw from any

function that the private sector can deliver more efficiently

• Enable private sector to participate in high value service delivery, health and education and growth formation

• Institutionalize fair competition for high quality, nationally produced output

• Improve efficiency in resource management through transparent economic governance

• Restructure vocational training system to deliver modern skills, adjusted to meet demand

• Partner with Iraq Local Network for business excellence and improved perception over Iraq’s investment climate

• Build confidence in the private sector’s mission to serve people and improve lives

Iraq Local Network Day 1

Social Dialog is a powerful means to mark a major cultural shift in the country’s transition to a modern life.

Corporate social responsibility works to make COMPETITION and SOLIDARITY mutually reinforcing in a world of different interests and cultural patterns

The United Nations and the PSDP-I Team congratulate the Government and the

Local Network for their commitment to partner for a more dynamic economic

environment and a better society!