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AfricaMoney | July 25, 2017

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AfrAsia Bank Limited commits to sustainability by joining United Nations Global Compact

AfrAsia Bank Limited commits to sustainability by joining United Nations Global Compact

AfrAsia Bank Limited commits to sustainability by joining United Nations Global Compact a step towards taking shared responsibility for achieving a better world. An action confirming the bank`s engagement to align its strategies and operations with the ten Principles on human rights, labour, environment and anti-corruption.

It is an international initiative which brings businesses together with UN agencies, civil society, and government to advance ten universal principles in the areas of the environment, human rights, labour, and anti-corruption.

‘This action confirms our engagement to align our operations and strategies on the ten principles of the UNGC’ Thierry Vallet, Acting CEO of AfrAsia Bank Limited.

AfrAsia Bank Limited continues to incorporate sustainability approaches to the way it conducts business. Across society, workplace and the communities we serve, the Bank keeps on embracing Social, Environmental and Governance considerations (Environmental Social Governance- ESG) to align with its corporate strategy and uphold its good governance structure.

AfrAsia Bank’s sustainability approach also takes into consideration that of the Bank’s asset management house, AfrAsia Capital Management, aimed at financing of innovative projects.

With over 3,100 participating companies and hundreds of other stakeholders from more than 100 countries, the Global Compact is the world’s largest voluntary corporate citizenship initiative.

The UN Global Compact’s Ten Principles are derived from: the Universal Declaration of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, and the United Nations Convention Against Corruption.

Among those participating in Mauritius are: Rogers and Co. Ltd, Ceridian Mauritius Ltd, The Mauritius Commercial Bank Ltd  and Medine Limited.

Finally,corporate sustainability starts with a company’s value system and a principled approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.

Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Global Compact principles into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.
 

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