Roshn, a Saudi real estate developer powered by the kingdom's wealth fund PIF, said it has become a member of United Nations Global Compact, thus reiterating its commitment to applying sustainable practices in line with the UN’s sustainable development goals.
Roshn is the first in its class to become a member of the United Nations Global Compact that outlines 10 universally accepted principles in the areas of human rights, labour rights, environmental protection, and anti-corruption efforts that companies can voluntarily work to embody, reporting annually to the UN on their progress.
By joining the compact, Roshn has become a part of its wider commitment to taking responsibility for the safety, well-being, and empowerment of its team members and the nation’s environment.
"Roshn has answered the UN Global Compact’s call. Our human-centric, people-first priorities are well stated, and by joining the Global Compact we cement our leadership position in the kingdom and internationally as a PIF-backed giga project mandated to set new standards as we work to enable the Saudi Vision 2030," said David Grover, Roshn’s Group CEO.
"I look forward to updating the UN regularly on how we are incorporating these principles as we work to improve the quality of life for the people of Saudi Arabia," he added.
Having joined the UN Global Compact, Roshn will also submit annual communication on progress (CoP) reports detailing its work to implement the compact’s 10 principles in its corporate strategy, culture, and day-to-day operations.
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 local networks.-TradeArabia News Service