- The company’s report received an “advanced” rating from the United Nations, granted to the highest quality reports.
November 6, 2015 – Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has obtained an “advanced” rating for the first time for its Progress Report presented to the United Nations’ Global Compact.
Abengoa’s Progress Report gives an account of the company’s performance in relation to the ten principles of the United Nations’ Global Compact, highlighting the company’s commitment to integrate them into its strategy.
Since joining the Global Compact in 2002, Abengoa has continued to make progress in its compliance with the ten principles, which are grouped into areas on human rights, labor issues, anti-corruption and the environment. This recognition, which represents the highest level of compliance, is the result of Abengoa’s work to integrate them both strategically and operationally wherever the organization has a presence.
According to the UN Global Compact website, only 8% of the progress reports submitted in 2015 were classified as “advanced”, which makes the company a leader in this area. Approximately 1,600 progress reports have been submitted since 2011.
The Global Compact initiative was launched in 1999 by former Secretary-General of the United Nations, Kofi Annan. It encourages companies to implement the ten principles, all based on universal declarations and conventions. Since then, more than 12,000 organizations around the world have signed up to this commitment, making it the largest voluntary corporate social responsibility initiative of its kind.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.