OREANDA-NEWS. October 30, 2012. Serbia hosted the annual United Nations Global Compact Meeting of European Local Networks. This year it focused on outcomes and recommendations from Rio+20 Corporate Sustainability Forum held in June 2012. SCM Director of International and Investor Relations Jock Mendoza-Wilson attended the event. A total of 21 networks from across Europe were represented at the Annual Meeting.

On 18-19 October 2012, Belgrade hosted European Global Compact Local Networks Meeting, an event that has become a tradition after the European-based Global Compact Local Networks signed a Declaration of Intent in 2010 to expand communication and collaboration. This year the meeting has been a platform to discuss three major topics: financial sustainability of local networks, role of local networks in achieving sustainability and anti-corruption.

SCM was represented by Jock Mendoza-Wilson, SCM's Director of International and Investor Relations and Chairman of the GC Network Ukraine Steering Committee. "This year's meeting was focused on outcomes and recommendations from Rio+20 Corporate Sustainability Forum held in June 2012. It is important for European Local Networks to implement the recommendations outlined by the United Nations in Brazil and act in one voice. By synchronising their efforts and sharing their experiences the local networks in Europe can be more effective and efficient and work together towards the UN’s target of having 20,000 members of the Global Compact worldwide by 2020. This is why we are here," said Jock Mendoza-Wilson.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media and real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.