The Principles relating to the responsibility of business enterprises to respect human rights are of particular relevance to the commitment undertaken by Global Compact participants...As a global standard applicable to all business enterprises, the UN Guiding Principles provide further conceptual and operational clarity for the two human rights principles championed by the Global Compact. They reinforce the Global Compact and provide an authoritative framework for participants in implementing this commitment, including guidance on putting in place robust policies and procedures and communicating annually with stakeholders about progress.