Correct Answer: D
* UN Global Compact Overview: The UN Global Compact is a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals.
* 10 Guiding Principles: These principles cover areas such as human rights, labor, environment, and anti-corruption.
* Objective: The primary goal of these principles is to promote responsible business practices and ensure that markets, commerce, technology, and finance can advance in ways that benefit economies and societies globally.
* Explanation of Choice:
* Option A: Reducing uncertainty for multinational firms is an outcome but not the primary purpose.
* Option B: Setting minimum compliance levels is more regulatory and less about voluntary global advancement.
* Option C: Aligning business needs with legal requirements is specific and less comprehensive.
* Option D: Encompasses the broader goal of promoting global advancement through responsible practices.
References:
* United Nations Global Compact. (2020). The Ten Principles of the UN Global Compact. UN Global Compact.
* Kell, G. (2005). The Global Compact Selected Experiences and Reflections. Journal of Business Ethics,
59(1-2), 69-79.