Sakhalin Energy Announced as Global Compact LEAD
Sakhalin Energy Investment Company Ltd. has today been announced as a Global Compact LEAD participant for its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.
Announced at the UN Global Compact Leaders Week in New York, Sakhalin Energy was identified as being among the most highly-engaged participants of the world’s largest corporate sustainability initiative.
Lise Kingo, CEO and Executive Director of the UN Global Compact, said, “LEAD companies represent the highest level of engagement with the UN Global Compact. More than ever before, the world needs businesses of all sizes — like the ones announced as LEAD today — that continuously work to improve their sustainability performance and take action to build a better world.”
“Being in the LEAD means actively promoting the principles of sustainable development,” said Roman Dashkov, Chairman of the Committee of Executive Directors, Chief Executive Officer of Sakhalin Energy. “Over the years, the Global Compact has been an effective platform for building a common culture of doing business responsibly. This is where the experience and best practices of global leaders are consolidated, ensuring the contribution of business to the achievement of the UN Sustainable Development Goals” he emphasized.
To be eligible for LEAD, a company must:
- Be a participant in at least two UN Global Compact Action Platforms to demonstrate the company’s engagement with the UN Global Compact and commitment to defining and fostering leadership practices in line with the Ten Principles and the Global Goals; and
- Submit or commit to submitting an Advanced Communication on Progress — an annual sustainability report detailing progress on implementing the Ten Principles.
Sakhalin Energy has demonstrated its commitment to the UN Global Compact this year by participating in Action Platforms on Action Platform Reporting on the SDGs and Decent Work in Global Supply Chains. Each UN Global Compact Action Platform convenes business, Global Compact Local Networks, leading experts, civil society, Governments and UN partners to solve complex and interconnected issues and innovate around the Sustainable Development Goals. Sakhalin Energy’s Communication on Progress (CoP) and other related information is available in its Participant profile on the UN Global Compact website.
Since joining the UN Global Compact in 2009, Sakhalin Energy has been proud to be part of a global movement of sustainable companies and stakeholders. By adopting a principles-based approach to sustainability, Sakhalin Energy is taking shared responsibility for building a better world.
