Final answer:
The UNGC sets out 10 principles in the categories of Human Rights, Labour, Environment, and Anti-Corruption to guide businesses in adopting responsible and sustainable practices.
Step-by-step explanation:
The United Nations Global Compact (UNGC) is a voluntary initiative aimed at encouraging businesses worldwide to adopt sustainable and socially responsible policies. The 10 principles of the UNGC are organized into four broad categories, which are Human Rights, Labour, Environment, and Anti-Corruption. Under Human Rights, businesses should support and respect the protection of internationally proclaimed human rights and ensure they are not complicit in human rights abuses. In the realm of Labour, the principles call for the upholding of the freedom of association and the effective recognition of the right to collective bargaining, the elimination of all forms of forced and compulsory labour, the effective abolition of child labour, and the elimination of discrimination in respect of employment and occupation. The Environment category expects businesses to support a precautionary approach to environmental challenges, undertake initiatives to promote greater environmental responsibility, and encourage the development and diffusion of environmentally friendly technologies. Lastly, Anti-Corruption involves businesses working against corruption in all its forms, including extortion and bribery.