Just after opening the fourth of ten proposed recycling centers in the UAE, The Abu Dhabi National Energy Company PJSC (Taqa) exhibits its continued dedication to social responsibility by becoming the first Abu Dhabi company to join the world’s largest corporate responsibility program.
Taqa announced late last month that it has officially joined United Nations Global Compact, the largest voluntary Corporate Social Responsibility initiative in the world. The Global Compact serves as a framework for businesses committed to adopting sustainable and socially responsible policies and procedures, focused on addressing human rights issues, environmental concerns and corporate corruption.
Peter Barker-Homek, CEO of Taqa, explained, “Taqa is aware of the issues that plague our world today and we want to do whatever is in our power to make a difference. With over 2800 employees and a presence in nine countries worldwide, Taqa holds itself to the highest standards of ethical and sustainable practices and ensures that all its employees and stakeholders individually model the company’s beliefs. By joining the Compact, Taqa is once again underlining its commitment to adopting the highest standards of corporate social responsibility.”
In order to comply with the Global Compact, Taqa must adhere to 10 universally accepted principles drawn from various treaties on worldwide business activities. Adherence to these principles means that Taqa will be responsible for protecting and supporting human rights, upholding the right to collective bargaining, eliminating forced and child labor, and combating extortion and bribery. Additionally, Taqa is expected to continue making a concerted effort to conserve the environment.
As an active member of The UN Global Compact, Taqa agrees to ensure their compliance with The Compact’s initiative, which relies on the accountability and transparency of its affiliates. Signing the pact allows companies to demonstrate leadership, share beneficial practices, increase awareness and take a stance on issues and work together to resolve them.
