The Nigerian National Petroleum Company Limited (NNPCL) has signed up to the United Nations Global Compact.
…Becomes First State-Owned Oil Company to Join Global Initiative
This was announced via the profile of the company on X
(formerly Twitter) on Thursday.
The Group Chief Executive Officer, NNPCL, Mr. Mele Kyari,
signed the Letter of Commitment, signifying NNPC Ltd’s participation in the UN
Global Compact.
The signing was done on the sidelines as President Bola Tinubu held his session during
the Global Africa Business Initiative at the ongoing United Nations General
Assembly in New York, United States.
Speaking shortly after signing the dotted lines, Kyari said
that as a dynamic global energy company with businesses and operations across
the entire spectrum of the energy value chain, NNPC Ltd.’s participation in the
UN Global Compact is further testimony to Nigeria’s commitment to work with
global partners towards attaining a just Energy Transition.
The GCEO added that with this development, NNPC Ltd.
supports the Ten Principles of the UNGC on human rights, labour, environment
and anti-corruption.
“We are committed to making the UN Global Compact and its
principles part of our strategy, culture, and day-to-day operations of our
company, and to engage in collaborative projects which advance the broader
development of goals of the United Nations, particularly the Sustainable
Development Goals (SDGs),” Kyari added.
Earlier in her remarks shortly after signing on behalf of
the UN Global Compact, the Executive Director, UN Global Compact Network
Nigeria, Ms. Naomi Nwokolo, described NNPC Ltd.’s move to become a participant
of the UN Global Compact as a pivotal step in fostering a culture of ethical
business conduct, environmental stewardship, and social responsibility.
The statement added, “With Nigeria being one of the largest
producers of crude oil in Africa, a transition from an energy system driven by
fossil fuels to one based on renewable energy will have a far-reaching positive
impact, serving as a catalyst for sustainability in-country, on the continent
and the world at large.
“The UN Global Compact, formally launched in July 2000, is a
voluntary UN agreement designed to encourage companies around the world to
develop, implement and disclose responsible and sustainable corporate policies
and practices.”