The UN Global Compact is a voluntary initiative encouraging private sector, civil society structures, trade unions, UN agencies, and other stakeholders to apply ten universal principles for social and environmental responsibility in their daily practices. The Global Compact aims to engage business in the fight against major social and ecological challenges which growing globalization entails.

Since its launch in Bulgaria in January 2003, under the auspices of the President Parvanov, the Global Compact vision in the field of human rights, labor standards, environment and anti-corruption has been adopted by more than 120 companies and NGOs who are actively translating its principles into action. In order to strengthen and enhance the role of the Global Compact Network in Bulgaria governance framework consisting of Advisory Board and Secretariat has been established in 2006.