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CSRwire Press Releases, Events and Reports


12/31/1969
Norilsk Nickel Reports Significant Reduction in Emission of Air Pollutants and Improvements in Labour Health and Safety in 2017

MMC Norilsk Nickel PJSC, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report for 2017.

Nornickel President, Vladimir Potanin, has commented on the Company’s CSR performance: “The year 2017 was not just marked by strong progress in our sustainable development as the Company delivered further improvements in its health and safety records and completed the first phase of environmental program, but also was notable as we adopted new and ambitious long-term targets. Having already delivered a major reduction of Sulphur dioxide emissions in the city of Norilsk, the last year we approved the Sulphur Project, which should result in further and very substantial cut to emissions in our largest operating unit, Polar Division.  We see ourselves not just as a global mining industry leader that already supplies critical materials for the global car industry, which help to clean gas exhausts, but also as the company best positioned to supply the prospective and fast evolving electric cars industry. Nornickel is aiming to get greener itself, while already helping a great deal the world to get greener.”

The Group reported further improvement in its labour health and safety. In 2017, total work injuries were down 45% year-on-year (y-o-y), while Lost Time Injury Frequency Rate (LTIFR) was 0.43 injuries per 1 million man-hours. The number of fatalities at the Сompany’s industrial sites  almost halved  to 7 from 13 in 2016.

The company was on track with the implementation of its comprehensive environmental programme. The first phase of the programme has successfully been completed, with the Nickel Plant in the city of Norilsk fully idled alongside downstream reconfiguration, involving modernization and expansion of capacity of existing processing facilities, being complete. Since the complete halt of Nickel Plant in 2016, sulfur dioxide emissions within the city of Norilsk residential area has reduced by 30-35%.

The cornerstone of the second stage of our environmental programme is represented by the Sulphur Project in the Polar Division, which aims at the reduction of SO2 emissions there by 75% by 2023.  In 2017, after thorough analysis the Group selected the optimal technology for the Sulphur Project, which will entail construction of Sulphur dioxide capturing facilities to produce sulphuric acid, which will be then neutralized by natural limestone to produce gypsum. The project will involve installation of new equipment at Nadezhda metallurgical plant and modernization of Copper smelter. Investments in the Sulphur Project are estimated at up to US $2.5 bn through 2022.

In Kola operations, the Group is planning to optimize its smelting facilities, which should result in a reduction of Sulphur dioxide emissions by 50% already in 2019.

From 2013 to 2017, total air pollutant emissions were decreased by 12%, waste dispersion decreased by 21% and water consumption decreased by 16%. In 2017, total emissions of air pollutants reduced 4.6% y-o-y, including a 5% reduction in SO2 emissions and a 2.1% reduction in solid emissions.

In 2017, the water consumption reduced by 8.3% y-o-y. However, water discharge grew by 2.8% due to fluctuations in the inflow of mine water throughout the year.

In 2017, the Company launched hot commissioning of the Bystrinsky Mining and Processing Plant in the Chita region, which is considered to be one of the most environmentally-friendly mining facilities in Russia. The new technologies employed by the plant will help to preserve the natural environment, while enabling the steady rampup of production. Bystrinsky Project has also created new high-skilled jobs and contributed to the further improvement of the region’s investment climate and its long-term sustainable development.

New processing technologies and equipment rolled out at the Kola MMC, the Group’s subsidiary in the Murmansk region of Russia, have resulted in a significant reduction of air pollutant emissions in the Kola Peninsula. In 2017, the Sulphur dioxide emissions there were reduced by 8.3% y-o-y. Moreover, in 2017 Kola MMC’s passed its first assessment audit, which certified its compliance with the Together for Sustainability Organisation (TfS) principles. The Group’s Polar Division and Nornickel’s Harjavalta plant in Finland also passed such audit, that recognises Nornickel as a responsible corporate citizen with regards to both its labour force and the environment.

In 2017, The Company increased its support for local communities. Overall expenditures on social, charitable and social infrastructure development programmes totalled US $445 million*. Nornickel has also embarked on several major projects in the regions of its operations, including urban redevelopment, education, cultural and social entrepreneurship programmes.

In 2017, some of the internal ESG strategies and principles were formulated and approved by the Company’s Board of Directors into respective policies, such as Health and Safety Strategy, Environmental Policy, Biodiversity Policy, Equal Opportunities Programme, Working Conditions Policy, Anti-Corruption Policy, Indigenous Rights Policy, etc. The historical Audit Committee of the Board of Directors’ oversight over ESG matters have been also recognized to reflect in this Committee’s name as Audit and Sustainable Development Committee. The Company has also launched a new ESG section on its corporate website, providing details on its sustainable development strategy focusing on environmental management, social policy and corporate governance.

The Company’s efforts in improving its ESG performance has been gaining due recognition from leading independent rating agencies. For instance, MSCI ESG Research raised the Company’s ESG rating from “CCC” to “B”, praising its approach to managing and mitigating toxic emissions and waste by means of modernising equipment and decommissioning outdated facilities. Sustainalytics rating agency increased the Company’s score to 58 points (out of 100) in 2017 from 46 in a prior year.

Nornickel’s 2017 CSR report has been published in its long form as per GRI G4 CSR reporting recommendations, endorsed by the Non-Financial Reporting Council of the Russian Union of Industrialists and Entrepreneurs (RSPP), audited by an independent auditor, NP Consult, and reviewed by the Global Reporting Initiative SDG Mapping Service.

*US$ values provided above are based on the annual average exchange rate of 58.3529 Russian roubles per 1 US$.

ABOUT THE COMPANY

PJSC «MMC NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.

The production units of «NORILSK NICKEL» Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.

PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.

Media Relations: 
Phone: +7 (495) 785 58 00 
Email: pr@nornik.ru

Investor Relations:
Phone: +7 (495) 786 83 20 
Email: ir@nornik.ru

NORILSK NICKEL GROUP’S 2017 SUSTAINABILITY REPORT PDF


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12/31/1969
Voya Financial Named a Best Place to Work for Disability Inclusion

Voya Financial, Inc. (NYSE: VOYA), announced today that the company is one of 145 companies honored as a “Best Place to Work for Disability Inclusion” and included in the 2018 Disability Equality Index (DEI) in recognition of Voya’s commitment to prioritizing the inclusion of people with disabilities.

The DEI is a joint initiative between American Association of People with Disabilities (AAPD) and the US Business Leadership Network (USBLN), designed by disability advocates and business leaders as the nation’s most trusted comprehensive benchmarking tool for disability inclusion. The Index measures key performance indicators across organizational culture, leadership, accessibility, employment, community engagement, support services and supplier diversity.

“We applaud those companies that choose to take the DEI year after year and truly commit to advancing disability inclusion,” said Jill Houghton, President and CEO of USBLN. “Although we are far from true inclusion of people with disabilities across the enterprise, the DEI signals corporate America is recognizing inclusion as a competitive edge and beneficial for all.”

“At Voya, we are committed to addressing the needs of our customers and employees living with disabilities — as well as their families and caregivers,” said Chairman and CEO Rodney O. Martin, Jr. “Providing products and services that enable individuals in the disabilities community to plan for the future that they envision is a business priority and an extension of our vision to be America’s Retirement Company. Our inclusion in the 2018 DEI serves as a positive proof point that our efforts are making a difference in serving the needs of the disabilities and special needs community.”

Voya’s commitment to serving the disabilities community is exemplified through its Voya Caresprogram which provides a platform for tailored advice and resources so that Americans living with special needs and disabilities, and their caregivers, plan for the retirement they deserve. Voya also has designed programming to support its employees with disabilities and those who are caregivers and most recently established a Disabilities and Special Needs employee resource group.

About Voya Financial ®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 14.7 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $541 billion in total assets under management and administration as of March 31, 2018. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as one of the 2018 World’s Most Ethical Companies® by the Ethisphere Institute, one of the 2018 World’s Most Admired Companies by Fortune magazine and one of the Top Green Companies in the U.S. by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on FacebookLinkedIn and Twitter @Voya.

VOYA-IR

Voya Financial
Nicole Vasile
Cell: 860-839-1589
Nicole.vasile@voya.com


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12/31/1969
Smithfield Foods Donates More Than 36,000 Pounds of Protein to Harvesters—The Community Food Network

Smithfield Foods, Inc. and Price Chopper joined forces to donate more than 36,000 pounds of protein to Harvesters—The Community Food Network. Smithfield’s contribution was part of the company’s 2018 Helping Hungry Homes® donation tour. Now in the program’s 10th year, Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 147,000 servings, will help families fight hunger across northwestern Missouri and northeastern Kansas.  

“Hunger has no boundaries. We are thankful for our allies against hunger, such as Smithfield and Price Chopper, who help us provide nutritious and beneficial meals to the one in seven individuals in our local area struggling with hunger,” said Valerie Nicholson-Watson, president and CEO of Harvesters—The Community Food Network. “With donations like the one we have received today from Smithfield, we are able to educate and raise awareness of hunger across our service area while feeding those in need.”

Smithfield and Price Chopper representatives presented the donation to Harvesters at an event at a local Price Chopper this morning. Members of the organizations discussed food insecurity in the local community and the significance of this donation, which will provide protein throughout the food bank’s service area, including more than 20 counties across Missouri and Kansas. 

“The Price Chopper family takes pride in being a great neighbor. We’re thankful to partner with Smithfield Foods and Harvesters to provide quality protein to those in need,” said Casie Broker, vice president of marketing at Price Chopper. “Together, we can alleviate hunger in our communities.”

This is the 39th large scale protein donation made by Smithfield to food banks across the country during its 2018 Helping Hungry Homes® tour. Since the program’s inception in 2008, Smithfield has provided more than 100 million servings of protein to food banks, disaster relief efforts, and community outreach programs nationwide.

“Smithfield recognizes the importance of a balanced meal,” said Dennis Pittman, senior director of hunger relief for Smithfield Foods. “By joining forces with Harvesters and Price Chopper, we can create meaningful opportunities to help our neighbors in need throughout these Missouri and Kansas communities.”   

For more information about Smithfield Foods’ Helping Hungry Homes® initiative and a list of upcoming donation events, visit helpinghungryhomes.com.

 

About Smithfield Foods

Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Nathan's Famous®, Farmland®, Armour®, Farmer John®, Kretschmar®, John Morrell®, Cook's®, Gwaltney®, Carando®, Margherita®, Curly's®, Healthy Ones®, Morliny®, Krakus® and Berlinki®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com.

About Harvesters—The Community Food Network
Harvesters is a regional food bank and was Feeding America's 2011 Food Bank of the Year. Serving a 26-county area of northwestern Missouri and northeastern Kansas, Harvesters provides food and related household products to more than 620 not-for-profit agencies including emergency food pantries, community kitchens, shelters and others. Agencies in Harvesters' network provide food assistance to as many as 141,500 different people each month. Harvesters, which was founded in 1979, is a certified member of Feeding America, a nationwide network of more than 200 food banks, serving all 50 states. For more information, visit www.harvesters.org.

About Price Chopper
Price Chopper's 53 Kansas City stores are locally owned by the Ball, Cosentino, McKeever and Queen families, all of whom live in Kansas City and oversee store operations on a daily basis. For 39 years, the owners and employees of Price Chopper have been committed to providing the highest quality products and top-of-the-line customer service to the thousands of customers they serve every day. For more information, please visit www.mypricechopper.com.

 

Media Contacts:

Harvesters—The Community Food Network

Sarah Biles

(816) 929-3068

sbiles@harvesters.org

 

Price Chopper 

Jessica Crozier

(913) 909-8771

jessica.crozier@inquestmarketing.com


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12/31/1969
Smithfield Foods Donates More Than 38,000 Pounds of Protein to The Food Bank of Iowa

Smithfield Foods, Inc. and Hy-Vee, Inc. joined forces to donate more than 38,000 pounds of protein to the Food Bank of Iowa. Smithfield’s contribution was part of the company’s 2018 Helping Hungry Homes® donation tour. Now in the program’s 10th year, Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 152,000 servings, will help families fight hunger across Iowa.

“At the Food Bank of Iowa, we gather and distribute nutritious resources to those who are struggling with food insecurity while building active partnerships to raise awareness of hunger within our communities,” says Michelle Book, president and CEO of the Food Bank of Iowa. “With the help of Smithfield and Hy-Vee, this donation will aid more than 175,000 Iowans fighting hunger.”

Smithfield and Hy-Vee representatives presented the donation to the Food Bank of Iowa at an event at the food bank this morning. Members of the organizations discussed food insecurity in the local community and the significance of this donation, which will provide protein throughout the food bank’s service area, including more than 50 counties in Iowa. 

“This is another great way for Hy-Vee to help address concerns of food insecurity, and to continue our focus on the well-being of the communities we serve,” said Mark Luke, store director at the Mills Civic Hy-Vee who spoke at the event. “We thank Smithfield and the Helping Hungry Homes initiative for their continued generosity.”

This is the 38th large scale protein donation made by Smithfield to food banks across the country during its 2018 Helping Hungry Homes® tour. Since the program’s inception in 2008, Smithfield has provided more than 100 million servings of protein to food banks, disaster relief efforts, and community outreach programs nationwide.

“Smithfield Foods is dedicated to assisting communities across the country that are battling with food insecurity,” said Dennis Pittman, senior director of hunger relief for Smithfield Foods. “With this donation to the Food Bank of Iowa, we can further their efforts to provide nutritious and delicious food to the hungry people of Iowa.”   

For more information about Smithfield Foods’ Helping Hungry Homes® initiative and a list of upcoming donation events, visit helpinghungryhomes.com.

 

About Smithfield Foods

Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Nathan's Famous®, Farmland®, Armour®, Farmer John®, Kretschmar®, John Morrell®, Cook's®, Gwaltney®, Carando®, Margherita®, Curly's®, Healthy Ones®, Morliny®, Krakus® and Berlinki®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com.

About Food Bank of Iowa

Food Bank of Iowa is a private, not-for-profit organization committed to its mission of providing food to Iowa children, families and seniors to lead full and active lives, strengthening the communities where they live. Food Bank of Iowa distributes donated food and grocery products through Iowa’s largest network of emergency food providers, consisting of about 500 partner agencies in 55 counties. Last year, Food Bank of Iowa distributed more than 13 million lbs. of food through a network of 500 partners, including food pantries, homeless shelters, schools, and more. To learn more, visit www.foodbankiowa.org or find us on Facebook at www.facebook.com/foodbankiowa

About Hy-Vee, Inc.
Hy-Vee, Inc. is an employee-owned corporation operating more than 245 retail stores across eight Midwestern states with sales of $10 billion annually. The supermarket chain is synonymous with quality, variety, convenience, healthy lifestyles, culinary expertise and superior customer service. Hy-Vee ranks in the Top 10 Most Trusted Brands and has been named one of America’s Top 5 favorite grocery stores. The company’s more than 80,000 employees provide “A Helpful Smile in Every Aisle” to customers every day. For additional information, visit www.hy-vee.com.

# # #

Media Contacts:

Food Bank of Iowa

Danny Akright

(913) 449-9550

dakright@foodbankiowa.org

 

Hy-Vee, Inc.

Amy McCoy

(515) 267-7770

amccoy@hy-vee.com


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12/31/1969
Sodexo Recognized by Black EOE Journal in 2018 Best of the Best Issue

 Sodexo, a food services and facilities management company committed to improving Quality of Life, announced today that it has been recognized by Black EOE Journalin the 2018 Best of the Best issue as a Top Employer, Top Supplier Diversity Program and Top LGBT-Friendly Company.

“We are thrilled for this recognition which reaffirms our commitment to the many areas of diversity and inclusion that we champion, “said Rohini Anand, PhD,  Global Chief Diversity Officer & SVP, Corporate Responsibility, Sodexo. “Integrating diversity and inclusion into our systems, processes and practices, including how we support diverse vendors and suppliers, is beneficial to our business and broadens our impact in the communities we serve.”

As part of Sodexo's Better Tomorrow Plan, the company is committed to partnering with vendors led by minorities, women, service-disabled veterans, LGBTQ and people with disabilities across the U.S.  Further, the company has made a global commitment to invest 25 percent of its global spend with small and local businesses, with a focus on women and other underrepresented groups, by 2025. In addition to being named as a Top Company and Top LGBT-Friendly Company by Black EOE Journal, Sodexo was named to Bloomberg’s 2018 Gender-Equality Index (GEI) – its first sector-neutral list of 104 global companies, and recognized on three of FORTUNE Magazine lists in 2017, including World’s Most Admired Companies, Change the World and the FORTUNE 500.

Black EOE Journal’s annual review is an evaluation of the nation’s employers, initiatives and government agencies. It provides non-biased results that are valuable resources for job-seekers, business owners, students, consumers, senior management, business associations, employment agencies and consumer groups.

About Black EOE Journal (BEOEJ)

The Black EOE Journal (BEOEJ) is the African American career and business connection. As one of the strongest growing African American publications in the nation, its mission is to inform, educate, employ and provide equal opportunity to corporate America in order to create a more diverse workplace.

 About Sodexo North America

Sodexo North America is part of a global, Fortune 500 company with a presence in 80 countries. Sodexo is a leading provider of integrated food, facilities management and other services that enhance organizational performance, contribute to local communities and improve quality of life for millions of customers in corporate, education, healthcare, senior living, sports and leisure, government and other environments daily. The company employs 150,000 people at 13,000 sites in all 50 U.S. states and Canada and indirectly supports tens of thousands of additional jobs through its annual purchases of $9.2 billion in goods and services from small to large American businesses. Sodexo is committed to supporting diversity and inclusion and safety, while upholding the highest standards of corporate responsibility and ethical business conduct. In support of local communities across the U.S., the Sodexo Stop Hunger Foundation has contributed close to $32 million over the past 20 years to help feed children in America impacted by hunger. To learn more about Sodexo, visit SodexoUSA.comSodexoInsights.com and connect with us on FacebookInstagramLinkedInTwitter and YouTube


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12/31/1969
Business and Investors “Crucial” to Delivering 2030 Agenda at the Country-Level

Creative approaches to advance the 17 Sustainable Development Goals (SDGs) are being jointly developed at the national level by multi-stakeholder partners.

That was the key take away from SDG Country Plans: A Roadmap to Private Investment, an event organized on the sidelines of the High-level Political Forum by the United Nations Global Compact, the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the Permanent Missions of Ecuador, Egypt and Spain.

The event marked the next step in an important and ongoing conversation about breaking down silos and connecting Governments, business, investors and the UN on the increasingly critical topic of financing for the SDGs.

Representatives from Government, business, investor groups, the UN and Global Compact Local Networks relayed lessons learned and best practices, opening up new dialogues and approaches to advance the SDGs at the national level. In particular, Governments and investors agreed about the need to align private investments with SDG country plans.

In her opening remarks, Lise Kingo, CEO & Executive Director of the UN Global Compact, said, “The 17 SDGS are about people, planet and prosperity. It will be a true global transformation that humankind have never seen before, and we only have 12 years to get the whole thing right.” She continued: “It all hinges on connecting the SDG country plans with the private sector and investments to redirect finance toward the 2030 Agenda. In this work, the private sector is crucial.”

Luis Fidel Yáñez, Officer-in-Charge at ECLAC, underscored the importance of all actors aligning strategies on SDG targets and indicators to maximize impact. “A multi-stakeholder approach is the key to success. All key players must be engaged to implement the 2030 Agenda. We depend on this kind of strong partnership,” said Yáñez.

Throughout the event, the role and work of Global Compact Local Networks as the initiator of dialogues and a convenor of diverse stakeholders was frequently returned to. Mauricio López, Executive Director of Global Compact Network Colombia and Vice President, of ANDESCO, described how the Local Network works to enhance relationships between all stakeholders.

“We worked every day on spreading knowledge about the SDGs. I went to 96 conferences evangelizing the SDGs; and we became the natural body for the Government to implement the SDGs. Working together builds trust. We will have to build a language and indicators for the private sector to deal with the Global Goals,” he said.

During the discussion, it became clear that Governments play a crucial role in making the SDGs relevant to all stakeholders, including business, investor groups, civil society and local communities.

One example from the state of Paraná in Brazil stood out. The local government in Paraná have decided that all government money spent on procurement should go to companies that have an SDG strategy. Silvio Barros, Secretary of State of Paraná, explained the Government’s decision like this: “All the states’ investments are tied to specific Goals. We are also directing all the purchasing power of the state to companies and investments, that are tied to the Goals. Actually, we do not see any reasons why we should spend public money in companies that are not supportive of the [Ten Principles of the] UN Global Compact and the SDGs. We can direct our purchasing power to the achievement of the 2030 Agenda,” said Barros.

At the event, UN Global Compact launched a new report, Global Compact Local Networks: Accelerating National SDG Implementation, showcasing how Local Networks can help drive action and collaboration to close the gaps between where we currently are and where we need to be by 2030, the deadline for achieving the SDGs.

The financial sector urges Governments to finalize standards for measuring the impact of investments

The second panel at SDG Country Plans focused on mobilizing private capital for sustainable business, and engaged a high-level panel of Government officials and representatives from the financial sector.

H.E Saher Naser, Minister of International Cooperation and Investment in Egypt, described a range of initiatives and incentives taken by the Egyptian Government to attract more private capital.

“We have various kinds of awards and different incentive packages to ensure that the private sector can play role in achieving the SDGs. We need private investments alongside the Government, and it’s important to get the international financial institution community on board, so it’s not only the local finance sector and Government who invest with SDGs in mind,” said Naser.

H.E. Phillip Fox Gough, Minister Counsellor, Government of Brazil, opened the discussion about how Governments can improve their communication on the Voluntary National Reviews (VNRs) to the investor community. “There [are] a lot of interesting elements in the VNRs, but they are not communicated well. We are saying a lot of good things about what Governments do. It would be useful for investors if we focused a lot on identifying the gaps and challenges,” he said.

The interest from the financial sector in measuring the impact of investments was clear. Gavin Power, Executive Vice President and Chief of Sustainable Development and International Affairs at PIMCO, talked about the interest of investors in investing in the SDGs at the country level and highlighted the need for government to better define and package investment opportunities for the markets.

“We are seeing a profound transformation in finance sector where mainstream investors are looking to invest at scale in this area... In order to maximize the opportunities, we should work with Governments on investment targets, impact and change at scale. The UN has such an essential role to play in getting the actors together as a deal maker,” Power said.“It’s time for ‘SDG Bonds’ to move into the social areas — not just ‘green’ bonds — such as food and health, housing… If Governments build it, we [investors] will come.”

Maria-Aimee Boury, Managing Director, Impact Based Finance at Societe Generale Corporate and Investment Banking, talked about the need for a stable policy environment for investors.

“The key for us when we make a decision is the predictability. We would like to see the same level of commitment and predictability from the Governments and the municipalities into the project they have chosen as their priority. Governments need to commit to facilitate, which also means fast tracking, giving information and pushing for the projects, and continuing also if the Government changes,” said Boury, who also suggested optimistically that the private investments needed to advance the SDGs are actually within reach.

Before the event at the Spanish language and cultural centre Instituto Cervantes, the UN Global Compact hosted a well-attended lunch for representatives from the Group of G77 and China in order to update them on how Global Compact Local Networks have been mobilizing the private sector and UN system at the local level to help advance national priorities.

###

About the United Nations Global Compact

The United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals. The UN Global Compact is a leadership platform for the development, implementation and disclosure of responsible corporate practices. Launched in 2000, it is the largest corporate sustainability initiative in the world, with more than 9,500 companies and 3,000 non-business signatories based in over 160 countries, and nearly 70 Local Networks.

For more information, follow @globalcompact and visit www.unglobalcompact.org.


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