Porsche AG is a new participant in the UN Global Compact. The United Nations has confirmed the sports car manufacturer’s inclusion in the world’s largest and most important initiative for sustainable and responsible corporate governance. The UN Global Compact is a multi-stakeholder platform for the development, implementation and disclosure of responsible business practices.
“We are implementing our sustainability strategy throughout the company and together with our partners. Porsche is working towards a balance sheet CO? neutral value chain in 2030. This also includes a balance sheet CO?-neutral usage phase for future all-electric models. Porsche’s participation in the UN Global Compact underscores our commitment to reconciling business activities with ecological considerations and fair working conditions,” says Barbara Frenkel, Member of the Executive Board for Procurement at Porsche AG.
The UN Global Compact is to be understood as a call for companies to align their business processes and strategies with ten universally accepted principles in the areas of human rights, labor, environmental protection and anti-corruption, and to commit to the goals and issues of the Sustainable Development Goals (SDGs). Porsche will inform the UN Global Compact and the public at regular intervals about the company’s progress.
The UN Global Compact was launched in 2000 and is the largest initiative for sustainable corporate governance in the world – with more than 15,000 companies and 3,000 other signatories in over 160 countries.
Source: Porsche AG