Norron joins the UN Global Compact

Norron is now a member of the UN Global Compact – the world’s largest corporate sustainability initiative

We are pleased to announce that, as of July 2019, Norron Asset Management is a UN Global Compact signatory and thus a member of the world’s largest corporate sustainability initiative.

“By joining the UN Global Compact, Norron is taking another step in the right direction regarding our sustainability work. We welcome the positive sustainability development with increased awareness that prevails and with this membership we want to publicly show our stance and actively participate in and contribute to a better world – now and in the future”, says Norron’s CEO Alexander Zetterquist.

“As a UN Global Compact signatory, we are a part of a large global network that is committed to sustainability and thus can jointly achieve more by sharing knowledge and ideas as well as collaborating with other organizations. We want to make a difference both locally and globally and create a sustainable future, and we believe that this is best done by working in a structured way and together with other organizations”, adds Elin Lilja-Wainwright, ESG Manager at Norron.

The UN Global Compact was founded on July 26, 2000 by then-UN Secretary-General Kofi Annan. The aim was to create international principles on human rights, labor law issues, the environment and corruption directed at companies. By becoming a member, companies and organizations commit themselves to following 10 principles:

Human Rights

1: Businesses should support and respect the protection of internationally proclaimed human rights; and

2: make sure that they are not complicit in human rights abuses.

Labour

3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

4: the elimination of all forms of forced and compulsory labour;

5: the effective abolition of child labour; and

6: the elimination of discrimination in respect of employment and occupation.

Environment

7: Businesses should support a precautionary approach to environmental challenges;

8: undertake initiatives to promote greater environmental responsibility; and

9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

10: Businesses should work against corruption in all its forms, including extortion and bribery.

Since July 2019, Norron has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.