The Nigerian National Petroleum Company Limited (NNPCL) announced on Thursday that it has registered as a participant in the United Nations Global Compact.
The NNPCL said in a management statement on Thursday that with the signing it became the first state-owned oil company to join the global initiative.
The United Nations Global Compact, formally launched in July 2000, is a voluntary United Nations agreement designed to encourage companies around the world to develop, implement and disseminate responsible and sustainable corporate policies and practices.
The NNPCL explained that in a brief ceremony on the sidelines of President Bola Ahmed Tinubu’s session during the Global Africa Business Initiative (GABI) at the ongoing United Nations General Assembly (UNGA) in New York, the NNPC Group CEO Ltd, Mele Kyari. , signed the letter of commitment, signifying the participation of NNPC Ltd in the United Nations Global Compact.
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The statement said that shortly after signing the dotted lines, Kyari said that as a dynamic global energy company with businesses and operations across the spectrum of the energy value chain, NNPC Ltd.’s participation in the Global Compact of the United Nations was further testimony to Nigeria’s commitment to working with global partners to achieve a just energy transition.
He said that with this development, NNPC Ltd supports the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption.
“We are committed to making the United Nations Global Compact and its principles part of our company strategy, culture and daily operations, and to engaging in collaborative projects that promote the broader development of the United Nations goals, in particular the Sustainable Development Goals (SDGs),” Kyari said, quoted in the statement.
In her remarks shortly after signing on behalf of the United Nations Global Compact, the Executive Director of the United Nations Global Compact Network in Nigeria, Naomi Nwokolo, described the decision of NNPC Ltd. to become a participant in the Global Compact of the United Nations as a fundamental step in fostering a culture of ethical business conduct, environmental stewardship and social responsibility.
“As Nigeria is one of the largest crude oil producers in Africa, the transition from a fossil fuel-driven energy system to one based on renewable energy will have a far-reaching positive impact and serve as a catalyst for sustainability in the country. on the continent and in the world in general,” the statement says.