The United Nations' Global Compact

Talisman Joins Global Compact

In February 2004, Talisman became a signatory to the United Nations (UN)-led Global Compact¹, a network of companies, governments, non-governmental and labour organizations who have agreed to work with the UN to support ten principles in the areas of human rights, labour, the environment and anti-corruption.

North American Global Compact Network

Talisman is committed to making the Global Compact part of our strategy, culture and day-today operations. As such, we attended the North American UN Global Compact Network meeting in New York in May 2004. Featuring 37 leading North American and global businesses, the meeting provided attendees with an update on the Global Compact, future direction, best practices, succession, governance and supplier performance.

Global Compact Leaders Summit

In June 2004, Talisman’s President and CEO, Jim Buckee, joined more than 400 corporate executives, government officials and civil society leaders at the UN for the Global Compact Leaders Summit. During the meeting, chief executives from around the globe re-committed themselves to the Global Compact and to promoting good corporate practices in human rights, labour and the environment. In addition, participants at the Summit adopted a simple statement that “business should work against corruption in all its forms, including extortion and bribery.”

Communications on Progress

As a member of the Global Compact, Talisman has committed to report to our stakeholders annually on actions we have taken or lessons learned related to the ten principles through a Communications on Progress. We have endeavoured to meet this commitment through discussion of our activities in this Report. Here we provide an index of our performance relative to the ten Global Compact principles, with reference to more information and data throughout our Report. The index cross-references relevant GRI indicators.

Global Compact Ten Principles			GRI Indicators		Pages
1	Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence.		HR1, HR2, HR3, HR4		8-9
2	Businesses should make sure that they are not complicit in human rights abuses.		HR2, HR3		8-9
3	Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.		HR5, LA3, LA4		31
4	Businesses should uphold the elimination of all forms of forced and compulsory labour.		HR7		16
5	Businesses should uphold the effective abolition of child labour.		HR6		16
6	Businesses should eliminate discrimination in respect of employment and occupation.		HR4, LA10, LA11		16
7	Businesses should support a precautionary approach to environmental challenges.		3.13		19, 21-22
8	Businesses should undertake initiatives to promote greater environmental responsibility.		EN1-EN16, 1.1		21-22
9	Businesses should encourage the development and diffusion of environmentally friendly technologies.		EN17		27-28
10	Businesses should work against all forms of corruption, including extortion and bribery.		SO2		15