The National Bank of Bahrain (NBB) has signed the United Nations Global Compact, the world’s largest corporate sustainability initiative. This initiative calls for companies to align with the United Nations’ Ten Principles on human rights, labour, environment and anti-corruption. Approximately 4,000 companies and non-business organisations have signed up so far. The NBB’s commitment to the Ten Principles is a sign of its commitment to creating a more equitable and inclusive global marketplace and a prosperous society.
UN Global Compact
UN Global Compact, the largest corporate sustainability initiative in the world, requires companies to sign up to participate in four areas. These include human rights, environment, and labour. Companies that join must also publicly advocate these principles. This includes communicating progress on achieving their goals to the public and stakeholders.
Businesses can support the compact in various ways, such as by creating jobs, helping communities and promoting public policies that support social sustainability. They can also choose to collaborate with other companies and make strategic social investments, which can help them achieve a greater impact. Some companies sign up to the compact because of the importance of corporate codes of conduct, while others do it out of the desire to make a positive impact on society and the environment.
The UN Global Compact has more than 12,000 member companies signed up to its voluntary leadership platform, which encourages companies to engage in responsible business practices. It was first launched in 2000 and has since gathered more than 12,000 signatories in more than 160 countries. The initiative has become a key part of Capital Group’s investment strategy. By integrating ESG into investment processes, Capital Group is able to identify the ESG issues that are most critical to long-term success.
The UN Global Compact is the world’s largest voluntary corporate sustainability initiative. It is supported by over 15,000 companies and 4,000 organizations across the world. More than 160 countries have ratified the UN Global Compact.
Blue Apron
Blue Apron recently joined the United Nations Global Compact, the world’s largest corporate sustainability initiative, a global community of over 16 000 companies. This voluntary initiative is based on the principle that corporate sustainability starts with a company’s values and principles. Through this commitment, Blue Apron aspires to elevate its role and drive the outcomes of the United Nations’ 17 sustainable development goals, or SDGs.
The company started the Blue Apron sustainability initiative in 2012, with the goal of creating healthier meals for consumers and the planet. It also set a goal to be carbon neutral by March 31, 2022. The company met that goal, and is currently working toward net zero emissions.
Blue Apron’s business model allows it to predict demand and grow only the ingredients it needs. It also reduces food waste by pre-portioning its ingredients and partnering directly with farmers. This means that customers can save money on food, which otherwise would go to waste.
The company plans to make its meal kits completely recyclable and use 75% post-consumer recycled material. It also uses environmentally friendly packaging and recipe cards. And it participates in the How2Recycle labeling program.
Siteimprove
Siteimprove is an all-in-one platform that helps you deliver a compliant, engaging digital experience to your users. The platform includes 20+ SEO-relevant assessments that you can implement to increase your website’s rankings. In addition to optimizing your content, it can also help you prioritize your digital tasks. Siteimprove also offers free resources to help you get started.
Siteimprove is a SaaS company that builds cloud-based tools and services that help businesses optimize their website content for accessibility, performance, and user experience. It’s also an active member of the United Nations Convention on the Rights of Persons with Disabilities, and has led conversations on digital inclusivity.
Accessibility is still a major challenge for global brands. Siteimprove is committed to improving accessibility and upholding its Siteimprove Accessibility Pledge, a set of guidelines that guides its employees on accessibility. Most recently, the company renewed its partnership with the European Disability Forum, which represents over 80 million people with disabilities.
Ecolab
Ecolab’s ambitious sustainability goals include reducing carbon emissions by 50% and achieving a positive water impact by 2030. This would equate to saving 300 billion gallons of water and avoiding 6 million metric tons of greenhouse gas emissions. The company also plans to transition its entire fleet to electric vehicles and implement energy efficiency measures in its buildings. Currently, Ecolab has a virtual power purchase agreement with a wind farm to provide renewable energy credits to cover 100% of its electricity needs in North America.
In order to reach these goals, Ecolab is reducing its water use by 25 percent and reducing greenhouse gas emissions by 10 percent by 2020. The company also pledged to reach net zero carbon emissions by 2050. In addition, it has pledged $2 million to The Nature Conservancy. The company also has a target of aligning its suppliers with its mission by 2024.
Ecolab’s sustainability initiatives have been praised by a variety of sources, including the World Economic Forum and Harvard Business Review. Its leadership has earned it several awards. It was named one of the 100 best CEOs by the Harvard Business Review for the fifth consecutive year, received the Deming Cup for Operational Excellence, and was named Responsible CEO of the Year by Corporate Responsibility Magazine.
To implement sustainable practices, organizations must change their culture. Especially in mergers, sustainability should be integrated as a part of the company culture. The Ecolab-Nalco merger focused on aligning values and goals before merging. It also organized events focused on sustainability and recognized its employees who work to protect the environment.
Thyssenkrupp nucera
Thyssenkrupp nucero aims to help customers achieve decarbonisation targets and to contribute to SDGs such as clean energy and decent work. The company’s sustainability roadmap focuses on developing sustainable business practices and embedding sustainability data collection and reporting methods into business processes. This is possible because thyssenkrupp already has world-class decarbonisation technology and a sustainable business setup.
Nucera’s name is derived from the words “new”, “UCE” and “era”. It represents the company’s dedication to a sustainable future. As of September 2018, the company’s revenues were 319 million euros, but it expects to reach 1 billion euros by 2025/26. The IPO proceeds could be used to finance the company’s future growth.
To meet this goal, the company is engineering a 200 megawatt plant in the Netherlands. It expects to start producing electricity in 2024. By partnering with reputable companies, Thyssenkrupp Nucera will help industrial customers transition to green energy.
Thyssenkrupp nucero has five decades of experience in electrolysis technology. It has built more than 240,000 electrolytic cell elements worldwide and has more than 10 gigawatts of installed electrolysis capacity. Its sustainability efforts and strong order backlog have positioned the company for the future.
Thyssenkrupp nucero is working with a variety of partners on green hydrogen and other renewable energy projects. The company has signed a contract to supply two gigawatt electrolysis plants to NEOM in Saudi Arabia in December 2021. It is also collaborating with Royal Dutch Shell to build Europe’s largest green hydrogen plant in Rotterdam. This collaboration will yield an investment of 200 megawatts of clean energy.
Sustainable Ocean Business Action Platform
The Sustainable Ocean Business Action Platform (SOBAP) is a global partnership between major blue economy companies. These companies pledge to make responsible business decisions that improve the health of the oceans. The program is supported by the UN Global Compact and is comprised of more than 150 companies. The signatories come from 30 countries and six continents. They include CMA CGM, Orsted, and SAP SE, as well as smaller businesses.
The Global Compact is a United Nations initiative that mobilizes business and civil society around sustainable development goals. It is the world’s largest voluntary initiative for sustainable development and has more than 13,000 members. CMA CGM has long been committed to an ambitious social responsibility policy, and is taking a leadership role in the maritime transport and logistics industry by contributing to the Sustainable Ocean Business Action Platform.
The Sustainable Ocean Business Action Platform has numerous partners, including the B Lab, Capitals Coalition, Climate Disclosure Standards Board, Global Reporting Initiative, Principles for Responsible Investment, Value Reporting Foundation, and UN Development Programme. Its goal is to mobilize trillions of dollars in annual corporate investments.
The Sustainable Ocean Business Action Platform has also announced plans to become a formal institution. Although closely related to the founding partners, the new organization is separate from the We Mean Business Coalition. The Executive Board of the organization has approved incorporation and will announce more information about its new structure. This will include the establishment of a new Technical Council.
