May 22, 2024
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OIL & GAS Politics

Nigeria’s NNPC Signs Up to United Nations Global Compact

The Nigerian National Petroleum Company (NNPC) Limited has announced that it has signed up as a participant of the United Nations Global Compact.

In a statement by management of the state-owned oil firm on Thursday, by the signing, it became the first state-owned oil company to join the global initiative.

The NNPCL explained that in a short ceremony on the sidelines of President Bola Ahmed Tinubu’s session during the Global Africa Business Initiative (GABI) at the ongoing United Nations General Assembly (UNGA) in New York, the NNPC Ltd Group Chief Executive Officer, Mele Kyari, signed the letter of commitment, signifying NNPC Ltd’s participation in the UN Global Compact.

Mr 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 was further testimony to Nigeria’s commitment to working with global partners towards attaining a just energy transition.

He said with this development, NNPC Ltd supports the Ten Principles of the United Nations Global Compact on human rights, labour, environment, and anti-corruption.

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.

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