United Nations Global Compact

United Nations Global Compact

In 2019, the Palestine Islamic Bank (PIB) joined the United Nations Global Compact; a culmination of its adoption of accountable, sustainable and globally-agreed policies in the areas of human rights, labor, environment and anti-corruption. Additionally, the Bank adheres to the Ten Principles of the Charter in all its operations, and adopts a social responsibility program aimed at achieving a positive and sustainable impact through its support of various sectors, especially vital sectors - such as health and education. PIB has adopted environmentally-friendly policies, and uses clean energy wherever possible, while hoping to increase this usage whenever possible.

The Ten Principles :

Human Rights

• Businesses should support and respect the protection of internationally proclaimed human rights.
• Businesses should make sure that they are not complicit in human rights abuses.

Labor

•  Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
• Businesses should eliminate all forms of forced and compulsory labor.
• Businesses should effectively abolish child labor.
•  Businesses should eliminate discrimination in respect of employment and occupation.

Environment

• Businesses should support a precautionary approach to environmental challenges.
• Businesses should undertake initiatives to promote greater environmental responsibility.
• Businesses should encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

• Businesses should work against corruption in all its forms, including extortion and bribery.