OREANDA-NEWS. Deputy Chairman, Board Member of Vnesheconombank Alexandr Ivanov was elected as Chairman of the Managing Committee of the UN Global Compact Network Russia (the UN GC).

Vnesheconombank has been a party to the UN Global Compact, the world’s largest corporate responsibility and sustainability initiative, since December of 2011. The Bank is also a member of the UN Global Compact Network Russia.

“One of the Network’s central objectives for the most immediate future will be institutional development and a transfer to a new level due to intensive promotion of UN GC principles in the business environment and engaging participants from the regions for the Network’s activity and a close interaction with government authorities”, Alexandr Ivanov stressed.

The UN Global Compact Network Russia is comprised of about 70 participants including big business companies, small and medium-sized enterprises, business associations, nonprofit nongovernmental organizations and academic institutes. Since its joining the UN GC, Vnesheconombank has been expanding its activity within the initiative at national and international levels.

The United Nations Global Compact is the largest international initiative in sustainable development and forming global partnership between government and corporate sectors. UN Secretary General Ban Ki-Moon is in charge of the UN GC. More than 10 thousand organizations from 145 world countries including leading foreign financial institutions participate in the UC Global Compact.