International Agreements
United Nations Global Compact
Just like all companies in Koç Holding Group, Yapı Kredi participates in the United Nations Global Compact, which comprises ten principles under four titles: human rights, labour standards, environment, and anti-corruption. Yapı Kredi also adheres to and operates within these global principles to establish greater ethical practices in the business world.
Ten Principles of the United Nations Global Compact
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: Businesses should make sure they are not complicit in human rights abuses.
Labour Standards
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4: Businesses should uphold the elimination of all forms of forced and compulsory labour.
Principle 5: Businesses should uphold the effective abolition of child labour.
Principle 6: Businesses should uphold the elimination of discrimination in respect of employment and occupation.
Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges.
Principle 8: Businesses should undertake initiatives to promote greater environmental responsibility.
Principle 9: Businesses should encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
UniCredit and UNEP-FI
The United Nations Environmental Programme Finance Initiative (UNEP-FI), a global partnership between UNEP and the private financial sector, was signed by UniCredit, one of Yapı Kredi's shareholders. Yapı Kredi, a joint venture between UniCredit and Koç Holding, adheres to the precepts of UNEP-FI, espousing climate change as one of the greatest risks for humanity. As such, this initiative strives to minimize the effects of commercial businesses on climate change and to reduce all concomitant risks.
