OREANDA-NEWS. Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, announced that it has become a signatory to the United Nations Global Compact (UNGC). In doing so Essar Energy has joined the largest voluntary corporate responsibility initiative in the world with over 10,000 corporate participants and other stakeholders from over 130 countries.

Essar Energy commits to adopting an established and globally recognised policy framework for the development, implementation and disclosure of environmental, social and governance policies and practices.

The company will integrate in its annual sustainability report a description of the ways in which it implements the UNGC principles and supports broader development objectives such as the UN’s Millenium Development Goals.

Mr Naresh Nayyar, Essar Energy Chief Executive, said, “The UNGC endorsement is a huge step forward in demonstrating to our stakeholders Essar Energy’s growing commitment in sustainability. As a respected and responsible global energy major, Essar Energy will continue to contribute to a more sustainable and inclusive global economy”.

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption. With over 10,000 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world.