Discuss in brief the following: Global Compact Self-Assessment Tool.

The Global Compact Self Assessment Tool is an easy-to-use guide designed for use by companies of all sizes and across sectors committed to upholding the social and environmental standards within their respective operations. The tool consists of 45 questions with a set of three to nine indicators for each question. It consists of management section and for other sections, including human rights, labour, environment and anti-corruption and relate to the principles of the UN Global Compact. The tool is in line with the UN guiding principles on Business and Human Rights. For a small company, this tool acts as a measure to the company's performance in all areas of the UN Global Compact and how well these issues are managed. For a large organization, this tool helps to continuously improve existing policies and systems, engage subsidiaries, suppliers or other stakeholders and improves internal and external reporting.