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The Global Compact is a voluntary initiative of the former UN Secretary General, Mr. Kofi Annan, bringing together business and non-governmental organizations, academic institutions, cities and UN agencies in a truly global forum to promote sustainable growth and civic responsibility. The ten Principles of the Global Compact are aimed at implementation of responsible business practices in the field of human rights, labor standards, environment and anti-corruption. The Bulgarian Network of the UN Global Compact, which operates as part of the global network, was officially launched on May 6, 2011 by H.E. Ban Ki-moon – Secretary General of the UN.