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The United Nations Global Compact International Yearbook 2013

image of The United Nations Global Compact International Yearbook 2013
The aim of the Global Compact International Yearbook is to create a global overview of the achievements of the UN Global Compact (UNGC). The book offers proactive and in-depth information on key sustainability issues to stakeholders around the world and promotes unique and comprehensive knowledge exchange and learning in the spirit of the Global Compact principles. Thus the publication helps to advance transparency, promotes the sharing of best-practices, and, perhaps most significantly, gives a strong voice to the regional and global actors that are at the heart of the initiative. Core issues of the 2013 edition include Stakeholder Management, Integrated Reporting, CSR in Africa, and Climate Chance.

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Managing corporate legitimacy and the UN Global Compact

In this article, we explain why managing legitimacy is vital for corporations and how business firms can employ strategies to maintain their legitimacy. We then discuss the organizational capacities that each legitimacy strategy implies and point out their inherent tensions. Based on the results of an empirical study, we show how two large corporations have handled these tensions and successfully introduced organizational prerequisites for managing legitimacy. In the final part of this article we elaborate on how participants of the UN Global Compact can use the initiative to strengthen their legitimacy.

English

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