Giti Tire Places Focus on Corporate Social Responsibility

Tires are an essential component of modern life all around the world, but what are the environmental and social costs of their manufacture? Thankfully, many tire companies are now accepting social responsibilities, and this article, written on behalf on Giti Tire in Singapore, goes into some of the crucial details.


By Rouie Anticamara

Giti Tire Has Joined the United Nations Global Compact (UNGC), as the Recent CSR Commitment

Giti Tire has become a signatory to the United Nations Global Compact, marking the company’s second major environmental commitment in September. The UNGC is a globally recognised and influential worldwide corporate agreement that involves compliance to the United Nations’ Ten Principles, which include human rights, the environment, labour, and anti-corruption. The UN Global Compact is an international platform that allows businesses and non-profit organisations to collaborate and interact in a variety of ways. Involvement in the UN Global Compact is a public declaration in intention to adopt, disclose, and promote the ten fundamental principles.

About United Nations Global Compact (UNGC)

The UNGC is a proactive attempt that helps global businesses dedicated to ethical business practices in the areas of human rights, labour, the environment, and corruption. This UN-led effort encourages actions that help to achieve sustainable development objectives in order to make the world a better place.

Corporations, UN agencies, labour unions, and civil society are all brought together under the Global Compact. The UN Global Compact is a discussion platform and communication network that includes governments, corporations, and labour unions, whose activities it wants to influence, as well as civil society organisations that represent its stakeholders. The UN Global Compact’s aims are purposely broad and nonspecific, although it does include policy discussions, education, local networks, and initiatives as channels for providing facilitation and encouraging discussion.

The United Nations Global Compact is built on ten principles that should determine a company’s moral code and commercial style. The Universal Declaration of Human Rights, the Rio Declaration on Environment and Development, the International Labor Organization’s Declaration on Fundamental Ideas and Rights at Work, and the United Nations Convention Against Corruption are all based on these standards. Members are encouraged to participate in particular business practices that help people and the environment as well.

The UN Global Compact expects its members to act responsibly in the areas of climate change, energy, water and sanitation, biodiversity, and food and agriculture. Signatories are expected to be aware of the relationship between sustainability threats and socioeconomic and development concerns.

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The 10 principles of UNGC for business

A company’s sense of morality and a principles-based business objective are the foundations of its long-term viability. This entails functioning in a manner that satisfies core obligations in the areas of human rights, labour, the environment, and anti-corruption at the least. Reputable companies go by similar values and principles everywhere they do business, and they understand that proper applications in one area do not compensate for damage in another. Businesses maintain their core obligations to individuals and the environment by implementing the UN Global Compact’s Ten Principles into plans, policies, and processes, as well as building a culture of integrity; they also establish the foundation for long-term success.

Human Rights

  • Principle 1: Companies should promote and uphold global human rights declarations
  • Principle 2: Ensure that they are not involved in human rights violations

Labour

  • Principle 3: Businesses should support associational freedom and the effective acknowledgement of the right to collective bargaining
  • Principle 4: All types of forced and compelled labour must be abolished
  • Principle 5: The complete elimination of child labour
  • Principle 6: Discrimination in the workplace and occupation must be abolished

Environment

  • Principle 7: Environmental issues should be addressed with caution by companies
  • Principle 8: Take steps to encourage more environmental awareness
  • Principle 9: Promote the development and adoption of eco-friendly technology

Anti-Corruption

  • Principle 10: Companies should fight extortion and bribery in all aspects

Giti Tire’s collaboration with the UN Global Impact

In the month of September, Giti Tire became a Signatory of the UNGC, which is also happened to be the company’s second key sustainability commitment. The UNGC is a globally acclaimed and significant worldwide corporate alliance that mandates allegiance to the United Nations’ 10 Principles. This agreement also requires the filing of a yearly Communication on Progress (COP) and a premium membership payment.

This commitment, along with Giti Tire’s latest admission as a signatory of the Global Platform for Sustainable Natural Rubber, distinguishes Giti Tire from its industry counterparts as a company that places a high priority on social responsibility standards. In reality, Giti has long been involved in environmental and CSR activities, notably in the fields of education and sustainable manufacturing. These additional commitments, on the other hand, are part of the company’s larger efforts in 2021 to raise the bar on its sustainability initiatives.

Conclusion

Based in Singapore, Corporate Social Responsibility has always been a priority for Giti Tire. From strategy to execution, the UN Global Compact urges businesses to build an integrity culture throughout a company or organisation. The UN Global Compact obligations have already been accepted by more than 9,500 corporations and 3,000 non-business entities and Giti Tire is one of them.