Safaricom was Tuesday named as a Global Compact LEAD company, highlighting the firm’s commitment to the United Nations (UN) Global compact initiative which provides a collaborative space to generate and implement advanced corporate sustainability practice.
This is the fourth time that the company has been included in the prestigious list which has over 13,000 corporate participants and other stakeholders in 170 countries.
It was identified among other companies, for its ongoing commitment to the UN sustainability initiative and its ten principles for responsible business.
Safaricom PLC CEO, Peter Ndegwa, expressed the firm’s commitment to sustainability agenda after its consistent recognition globally.
"We are honored to have been included once again among the LEAD companies and we remain committed to our sustainability agenda covering key issues such as addressing our impact on the climate and building an inclusive business that not only meets the needs of our customers but also reflects the diverse nature of our society", said
"More than ever before, the world needs businesses of all sizes — like the ones announced as LEAD today — that continuously work to improve their sustainability performance and take action to build a better world," Sanda Ojiambo, CEO and Executive Director of the UN Global Compact added.
To be eligible for LEAD, a company must be a participant in at least two UN Global Compact Action Platforms to demonstrate its engagement and commitment to defining and fostering leadership practices in line with the Ten Principles and the Global Goals.
In addition, companies must submit or commit to submitting an Advanced Communication on Progress — an annual sustainability report detailing progress on implementing the Ten Principles.
Safaricom was highlighted for demonstrating its commitment to the UN Global Compact this year by participating in Action Platforms on Climate Ambition, Peace Justice, and Strong Institutions and Decent work in the Global Supply chain.
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