(Ecofin Agency) - Agricorp SAM joins over 650 companies and stakeholders on the African continent that are currently signatories of the United Nations Global Compact.

This action further iterates the group’s commitment to minimise its environmental footprint and create a positive socio-economic impact on the communities the company serves while continuously promoting human rights, workers’ rights, and the fight against corruption.

THE UN GLOBAL COMPACT IS A CALL TO ACTION FOR ALL COMPANIES EVERYWHERE TO PROMOTE SUSTAINABLE DEVELOPMENT

The United Nations Global Compact is a call to action for all companies everywhere to align their operations and strategies with the Ten Principles in the areas of Human Rights, Labour, the Environment, and Anti-Corruption.

Founded in the year 2000 by the United Nations Secretary-General, the Global Compact is the world’s largest corporate sustainability initiative, counting over 13,000 participating companies and 3,000 non-business entities as participants in 177 countries.

Building on its preeminent position as the largest pan-African sustainability initiative, the Global Compact has developed a strategic vision for the African region is rooted in three essential elements:

• Accelerate and scale the global collective impact. This ambition aims to raise the floor (the baseline) and the ceiling (expectations) on the social contract of business.
• Uphold the Ten Principles. The basis for all the work of the Global Compact is the Ten Principles concerning Human Rights, Labour, the Environment and Anti-Corruption. They are the DNA of the Global Compact — always relevant regardless of time, location, or circumstances.
• Contribute to the delivery of the SDGs. The SDGs represent a global consensus on the seventeen goals that are essential to advance well-being and prosperity worldwide.

 The strategy comes at an opportune time with the 2030 Agenda for Sustainable Development deadline fast approaching, with the world gearing up for the Climate Change Conference of Parties (COP 27) in Africa in 2022, and with countries on the Continent implementing the African Union’s Agenda 2063, their collective blueprint for transforming the Continent into a global powerhouse of the future.

 AGRICORP REACHES AN IMPORTANT MILESTONE AND STRENGTHENS ITS COMMITMENT TO A POSITIVE IMPACT

 Agricorp has reached an important milestone in its development. Following the issuance of the first-of-its-kind Sustainability Bond in the African region aiming to advance the sustainable management of natural resources and land use as well as the socio-economic development, the group is well positioned to become a catalyst for positive impact across the Indian Ocean and West Africa.

Joining the UN Global Compact reaffirms Agricorp’s commitment to integrating the Sustainable Development Goals into its strategy, its culture, and its operations, and to advocating for the broader adoption of these goals in society at large.

 About Agricorp SAM

Agricorp is an international agricultural group operating across Africa, Eastern Europe and the Indian Ocean. The group’s core business includes the cultivation, sourcing, processing, marketing, and trading of agricultural goods. They are active in the food and ingredients value chains in European and African markets, as well as serving international leaders in the food and cosmetics industries. Today Agricorp is present in 12 countries, employing a team of over 500 people and is responsible for over 130,000 ha of land as well as 5 processing units. To learn more about Agricorp: www.agri-corp.com

 About the UN Global Compact

The UN Global Compact initiative is a sustainable-development movement created to align companies with universally held principles on human rights, workers’ rights, the environment, and the fight against corruption. The Global Compact helps companies implement actions in line with UN issues and objectives as outlined in the Sustainable Development Goals.