Lamp's commitment to the United Nations Global Compact

What does the signing of the UN Covenant mean for Lamp? 

 

By joining the Global Compact, Lamp is making a commitment to align its operations with ten universally accepted principles in the areas of human rights, labour standards, and environmental and anti-corruption issues. In addition, it also pledges to take action in support of the United Nations goals currently embodied in the Sustainable Development Goals (SDGs).

The UN Global Compact provides information, training and other tools to help companies address the sustainability challenges they are facing. The main idea is to equip professionals with the knowledge and skills they need in order to achieve the SDGs and make the best possible contribution to the UN's 2030 Agenda.

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As the organisation itself points out, the first step in any corporate sustainability plan is to adopt the right mindset and values. It is about companies fulfilling, at the very least, a number of fundamental responsibilities in environmental matters, but also in the areas of human rights, work, and anti-corruption.

 

In order to meet these basic responsibilities, we have at our disposal the Ten Principles of the UN Global Compact, which companies can incorporate into their sustainability strategies and plans. By implementing them, the companies adhering to the Compact don’t only accept their responsibility to the community and the planet, but also lay the foundations for a successful business model that is fairer and more beneficial to all concerned.

 

In addition to setting out these core principles for sustainable business development and providing up-to-date information on the SDGs and how to achieve them, the Global Compact also provides a framework for the advancement of good practice.

As stated in the report Communicating Progress 2021: Business reporting as an instrument for sustainable recovery published by the United Nations Global Compact Spain, the process of implementation and progress to achieve the Sustainable Development Goals consists of 5 main phases:

1. Understand: Ensure a correct understanding of the different SDGs, as well as their implications and scope, in order to determine which of them can have the greatest impact on the organization.

2. Define priorities: Through the identification of the priority SDGs for the organisation        

       and, in this way, build the sustainability strategies around the 2030 Agenda.

1. Establish objectives: Based on the established strategy and the organisation of the sustainability plan, it is imperative to set measurable and quantifiable objectives in order to correctly assess the progress made on the agreed commitments.

2. Integrate: The SDGs must be integrated into the business strategy and organisational culture, and, in this regard, it is essential to form partnerships and provide staff training regarding these SDGs.

3. Reporting: This is the last step that companies need to take to consolidate how they work with the SDGs: developing an appropriate communication strategy and reporting on the progress achieved year by year. The reporting of good practices makes it possible to analyse how the organisation is progressing. It can offer examples and success stories that can serve as inspiration and help other companies to implement measures to jointly and collaboratively build a more sustainable business reality.

 

Since February 15th, Lamp has been an official member of the United Nations Global Compact. In doing so, the company needs to fulfill certain requirements, ranging from the signing of the letter of commitment by Ignasi Cusido (CEO of Lamp), to the presentation of a report in which the progress of the Principles and Objectives of sustainable development is reflected in the Communication of Progress (CoP).