As a signatory, SKAGEN undertakes to adapt its operations and strategy to the UN's global framework for sustainable enterprise. The framework is based on ten principles divided into four themes, namely the environment, human rights, labour and anti-corruption.
"We are committed to making the UN Global Compact and its principles part of the strategy, culture and day-to-day operations of our company, and to engaging in collaborative projects which advance the broader development goals of the United Nations, particularly the Sustainable Development Goals. SKAGEN will make a clear statement of this commitment to our stakeholders and the general public," says SKAGEN CEO Tim Warrington.
Global business movement
It was during the World Economic Forum in 1999 that the then UN Secretary General Kofi Annan took the initiative to establish the Global Compact to get the business community to engage in UN issues and take global responsibility. The following year, the treaty was officially launched. Today, the UN Global Compact is the world's largest corporate sustainability initiative with over 13,000 member companies and organisations from more than 170 countries.
By becoming a signatory, SKAGEN commits to actively working on sustainability issues and reporting its work to the UN on an annual basis. It also entails a responsibility to promote the UN's 17 global sustainable development goals.