In an increasingly integrated global economic environment, businesses are faced with new challenges that simply weren't present two decades ago. The mobility of the international labour force, the dramatic technological developments in the telecommunications sector and the relative ease in conducting international trade through improved banking systems are all contributing to a more integrated global economy.
With greater access to foreign markets and companies operating often in jurisdictions that have less stringent regulations as far as basic human rights are concerned, it's crucial for executives to implement a company culture that advances basic human rights and protect the environment even in the absence of legislation that addresses these issues.
The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the area of human rights, labour, environment and anti-corruption.
Lakewood Asset Management is a proud member of this initiative and therefore aims to constantly align our operations, strategic decision making and dealings with clients with a view of promoting the principles of this initiative.