Final answer:
The United Nations Global Compact (UNGC) has garnered participation from almost 15,000 corporations globally, demonstrating their commitment to sustainable development and corporate social responsibility.
Step-by-step explanation:
Almost 15,000 corporations have become signatories to the United Nations Global Compact (UNGC), a significant initiative aimed at encouraging businesses worldwide to adopt sustainable and socially responsible policies. These corporations encompass a range of multinational companies (MNCs) that self-regulate in line with the UNGC's principles concerning human rights, labor, the environment, and anti-corruption efforts. The UNGC aligns the activities of businesses with ten universally accepted principles in the areas mentioned above and furthers broader societal goals, such as the United Nations Sustainable Development Goals (SDGs).
Since its inception in 2000, the UNGC has witnessed increasing participation from businesses, reflecting their commitment to promoting development goals and sustainability. This participation by businesses in global governance demonstrates their role beyond profit-making, as they engage in efforts to create a more stable and inclusive global market. The number of corporations part of the compact underlines the continued growth of corporate social responsibility and the vital role businesses play in fostering a sustainable future.