Abraaj Capital founder on Global Compact board
Dubai , May 1, 2012
Arif Naqvi, founder and group chief executive officer of Abraaj Capital, has been appointed to the board of the Global Compact by the United Nations Secretary-General, Ban Ki-moon.
Naqvi joins 13 business leaders from across the world and is the only board member from the private equity industry.
The new appointments complete the board composition, whose members represent all regions of the world and a wide range of industry sectors, said a statement.
The Global Compact Board is the UN’s highest level advisory body involving business, civil society, labour and employers’ organizations. The United Nations Global Compact (UNGC) is a strategic policy initiative designed to mobilise businesses which share a commitment to 10 universally accepted principles, which encompass human rights, labour, environment, sustainability and anti-corruption.
The appointment of Naqvi to the board is a reflection of Abraaj Capital’s track record of embedding a stakeholder approach in the markets and communities in which it operates, the statement said. This approach has been underpinned and driven by the Abraaj Sustainability and Stakeholder Engagement Track (ASSET), a dedicated stakeholder focused engagement program within the firm.
The next meeting of the board will take place on June 21 in Rio de Janeiro, in connection with the UN Conference on Sustainable Development and the Global Compact’s Rio+20 Corporate Sustainability Forum, where Abraaj Capital will be represented as a panelist. – TradeArabia News Service