UN commits to supporting sustainable businesses in Nigeria
The UN Global Compact Network in Nigeria has pledged to promote greater cross-functional collaboration among businesses to tackle issues related to sustainability in the post-COVID-19 era.
UN Global Compact Network Nigeria is a UN Global Compact business-led sustainability initiative that was launched in Nigeria in 2007 at the Nigerian Economic Summit.
Ms. Soromidayo George, Chairperson of the UN Global Compact Network in Nigeria, said so on Friday during the Open Day and Onboarding Session of the UN Global Compact Network in Nigeria.
Ms. George was represented at the event by Ms. Uto Ukpanah, Board Member of UN Global Compact Network Nigeria and Corporate Secretary of MTN Nigeria Plc.
According to her, the event was themed: “Business Case for Sustainability” aimed to encourage struggles against global uncertainty, economic recession, climate change and social development issues affecting the future of humanity.
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She said: “The theme resonates with how we can promote greater cross-functional collaboration to address some of our nation’s greatest sustainability challenges.
“Our local network works tirelessly to drive local linkages and catalyze businesses and stakeholders to embrace our ten principles and set ambitious targets to achieve the 2030 Agenda in Nigeria.
“We strive to mobilize a local movement of sustainable businesses and actors with the aim of improving the lives of future generations; guided by the ten universal principles and the 17 SDGs,
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“The UN Global Compact Network in Nigeria helps businesses and stakeholders understand what responsible business means in a global and local context and provides guidance to translate sustainability commitments into action.
“Corporate sustainability, as we know it today, encompasses ‘the long-term value of a business in financial, environmental, social and ethical or governance terms’.
The event was organized by the UN Global Compact Network Nigeria in collaboration with its office in New York.
The Ten Principles have been endorsed by more than 10,000 Global Compact signatories, many of the multinationals here today have their parent companies as members.
She commended the SDGs, the African Continental Free Trade Agreement, the 2022 Conference of Parties on Climate Change (COP 27) in Africa and the African Union’s Agenda 2063 for providing economic opportunities in Africa. , especially in Nigeria.
The chairman of the organization urged Nigerian businesses to consider human rights, labour, environment and anti-corruption and share critical ideas, in order to bridge the inequality gap in terms of of business sustainability in the country.
Also speaking, Naomi Nwokolo, Executive Director of the UN Global Compact Network in Nigeria and Chairperson of the African Regional Network Council – UN Global Compact, stressed the need for commitment to business principles to achieve the Goals.
She urged participants to remain committed to the implementation of the ten principles which were categorized into human rights, labor, environment and anti-corruption.
“It’s with the goal of achieving sustainability; companies need to adjust their corporate mindset from striving to be the best in the world to striving to be the best for the world,” she said.
The United Nations Global Compact has inaugurated its two-year United Nations program to promote the ten principles and the SDGs of the United Nations Global Compact in Nigeria and contribute to the implementation of the broader United Nations development goals.