Sakhalin Energy Participated in the UN Global Compact Leaders Summit

These and other questions were discussed at the UN Global Compact Leaders Summit in New York in late June, chaired by UN Secretary-General Ban Ki-moon.
In November 2009 Sakhalin Energy joined the UN Global Compact, a strategic initiative to promote corporate responsibility of business. The Global Compact sees its primary goal as promoting and demonstrating social compliance of business.
To become a member of the Global Compact, a company must be committed to aligning its operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. The main objective of the UN Global Compact is to mainstream the ten principles in business activities around the world.
To Sakhalin Energy, these principle are nothing new. During the many years of working on the Sakhalin-2 project, Sakhalin Energy has been guided by General Business Principles, many of which practically quote the language of the Global Compact.
One of the main points of the Global Compact is that joining it means a commitment not simply for the company but mostly for its management. Personal involvement of senior managers is seen by company staff and other stakeholders as a vital sign that the company’s commitment to corporate responsibility is a strong strategic priority. In this context, it is clear why Sakhalin Energy was represented at the Summit by its Chief Executive Officer, Andrei Galaev.
The UN Global Compact Leaders Summit 2010 provided the platform for business to convene, collaborate and commit to building a new era of sustainability – an era where the social and labour issues, and the environmental , human rights and anti-corruption values are integrated into business practice, including its material and ethical aspects. These problems were discussed by leading global companies and representatives of the research and expert community, governments and the UN.
Although we joined the Global Compact less than a year ago, at the Summit the company was less of a beginner and more of a guru. Sakhalin Energy has a vast experience of developing and implementing environmental and social projects, partnership programmes, realising labour issues and protecting human rights. The latter was one of the focal points for the Summit’s participants.