stc’s announcement of its accession to the UN Global Compact aims to encourage companies around the world to adopt sustainability and social responsibility, to be one of the local networks of the UN Global Compact worldwide.
stc’s accession to the UN Global Compact emphasizes of the sustainability strategy that stc adopts in all its businesses, to be one of the leading global companies that support the global movement towards a more sustainable future for the benefit of stakeholders in achieving the SDGs, and the success of the companies’ future plans on the long run.
The UN Global Compact operates under a principles-based framework for businesses by aligning its strategies and operational processes with global principles including human rights, labor, environment and anti-corruption. This will take place by taking strategic actions to enforce broader societal goals like those of the UN sustainable development while focusing on cooperation and innovation, in addition to creating a local network and a platform for discussion and exchange of information regarding the UN Global Compact.
This is the outcome of the stc’s commitment to sustainability in its comprehensive and applying responsible business practices since it established a sustainability program in 2019 to ensure the continuity of business management using the most sustainable methods. stc’s sustainable strategy, identified 9 goals that were effective in implementing a deeper level of conformity of its action strategy with sustainable development goals of global compatible priority including health, education, decent work, climate action and others. These goals were effectively achieved due to integrating the mentioned social, economic and environmental goals with stc’s administrative systems, actions and strategy management so it can contribute positively to ensuring a positive future for all.
Source: stc Press Release