Fincantieri Becomes Largest Shipbuilder To Join UN’s “Global Compact” Sustainability Principles

Fincantieri Becomes Largest Shipbuilder To Join UN’s “Global Compact” Sustainability Principles 1

Fincantieri has joined the largest business sustainability initiative of the world, United Nations Global Compact, to strengthen it’s corporate responsibility.

After the proposal of the former UN Secretary-General Kofi Annan at the World Economic Forum in Davos in 1999, this Global Compact came into existence. About 10,000 companies from more than 160 countries have joined this Compact till now, thereby making a new global cooperation organisation.

The members can voluntarily be a part of the ten universal principles related to human rights, labor, environment and fight against corruption to promote sustainability in the long-run by political actions, business practices, social and civil behavior.

The CEO of Fincantieri, Giuseppe Bono, stated: “With this important step Fincantieri becomes the largest shipbuilder, and the first in the cruise sector, to adopt the Global Compact principles in its strategy. The most complex challenge that a large company like us can face is modeling its own culture, that is the vision with which we face the daily commitments on several fronts. We strongly believe that corporate sustainability is an essential instrument to create long-term value, especially from a multi-stakeholder point of view, such as the one that will prevail in the near future”.

The key commitments have already been fulfilled by Fincantieri for sustainability and to meet the Sustainable Development Goals mentioned in the 2030 UN Agenda related to promoting sustainability, a proper supply chain, employee involvement, enhancing health and safety at work constantly, support of technological innovation, satisfying customers, constant communication and support of local communities, decrease in the impacts on environment and making contributions to fight climate change.

 

Reference: fincantieri

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About the Author: Tanya Agarwal

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