Porsche AG has joined the UN Global Compact as a new participant. The United Nations has confirmed the inclusion of the German sports car manufacturer in the world’s biggest and most important initiative for sustainable and responsible corporate governance.
The UN Global Compact is a multi-stakeholder platform for the development, implementation, and disclosure of responsible business practices.
“We are implementing our sustainability strategy throughout our company and together with our partners. Porsche has the ambition to make its value chain net carbon-neutral in 2030, including a net carbon-neutral use phase for future BEV (battery electric vehicle) models. The participation in UN Global Compact clearly underlines our aspiration to reconcile business activity with ecological considerations and fair working conditions,” says Barbara Frenkel, member of the executive board for procurement at Porsche AG.
10 UN Global Compact universal principles
The UN Global Compact is a call to companies to align their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment, and anti-corruption, and to take action in support of United Nations’ goals and issues embodied in the sustainable development goals (SDGs). Porsche will regularly report on its activities in these fields to the UN Global Compact and the public.
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries. (Story courtesy of Porsche Center Philippines)