The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially become a participant in the United Nations Global Compact, marking a historic milestone as the first state-owned oil company to align with this global initiative.
This significant development was announced through the company’s social media profile.
Under the leadership of Mr. Mele Kyari, Group Chief Executive Officer of NNPC Ltd, the company solidified its commitment to the UN Global Compact by signing a Letter of Commitment.
UNGA 78 session
The signing took place during the United Nations General Assembly in New York, while President Bola Tinubu held his session as part of the Global Africa Business Initiative.
Mr. Kyari emphasized that NNPC Ltd, a versatile global energy enterprise spanning the entire energy value chain, joining the UN Global Compact reaffirms Nigeria’s commitment to collaborating with international partners in pursuing an equitable Energy Transition.
He noted that this move aligns NNPC Ltd with the Ten Principles of the UN Global Compact, covering human rights, labor, environment, and anti-corruption efforts.
The Executive Director of the UN Global Compact Network Nigeria, Ms. Naomi Nwokolo, highlighted the significance of NNPC Ltd’s inclusion in the UN Global Compact.
She emphasized the role it plays in nurturing a culture that prioritizes ethical business practices, environmental responsibility, and social accountability.
Given Nigeria’s status as one of Africa’s largest crude oil producers, the transition from fossil fuels to renewable energy is expected to have a positive impact on sustainability within the country and beyond.
The United Nations Global Compact, launched in July 2000, is a voluntary agreement encouraging companies worldwide to develop, implement, and disclose responsible and sustainable corporate policies and practices.