- Becomes 1st State-owned oil company to Join Global Initiative
The Nigerian National Petroleum Company Limited has signed up as a participant in the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative.
This was announced via the profile of the company on X (formerly Twitter) on Thursday.
The Group Chief Executive Officer, NNPCL, Mr. Mele Kyari, signed the Letter of Commitment, signifying NNPC Ltd’s participation in the UN Global Compact.
The signing was done on the sidelines as President Bola Tinubu held his session during the Global Africa Business Initiative at the ongoing United Nations General Assembly in New York, United States.
Speaking shortly after signing the dotted lines, 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 is further testimony to Nigeria’s commitment to work with global partners towards attaining a just Energy Transition.
The GCEO added that with this development, NNPC Ltd. supports the Ten Principles of the UNGC on human rights, labour, environment and anti-corruption.
“We are committed to making the UN Global Compact and its principles part of our strategy, culture, and day-to-day operations of our company, and to engage in collaborative projects which advance the broader development of goals of the United Nations, particularly the Sustainable Development Goals (SDGs),” Kyari added.
Earlier in her remarks shortly after signing on behalf of the UN Global Compact, the Executive Director, UN Global Compact Network Nigeria, Ms. Naomi Nwokolo, described NNPC Ltd.’s move to become a participant of the UN Global Compact as a pivotal step in fostering a culture of ethical business conduct, environmental stewardship, and social responsibility.
The statement added, “With Nigeria being one of the largest producers of crude oil in Africa, a transition from an energy system driven by fossil fuels to one based on renewable energy will have a far-reaching positive impact, serving as a catalyst for sustainability in-country, on the continent and the world at large.
“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.”
