What is the purpose of the Communication on Progress (COP) document?

The Communication on Progress (COP) document serves primarily to reinforce an organization’s commitment to the United Nations Global Compact (UNGC). By submitting this report, companies publicly acknowledge their alignment with the ten principles of the UNGC, which encompass human rights, labor, environment, and anti-corruption. The purpose of the COP is to transparently communicate the actions taken by the organization in these areas, showcasing their commitment to sustainable and ethical business practices. Thus, it acts not only as a report of activities but as a pledge to uphold and promote these values within the company and beyond.

In the context of the other options, they do not accurately reflect the core intention of a COP. Outlining new corporate policies pertains to internal governance rather than external commitment to global principles; reporting on business profits relates to financial performance rather than ethical practices; and summarizing employee feedback focuses on internal employee relations, which does not align directly with the UNGC’s broader mission of corporate responsibility on a global scale.