www.lonrho.com
Lonrho is a pan-African company with a diverse portfolio of investments focusing on Africa. Its investments range from primary infrastructure to transportation, support services, hotels and natural resources. The Company is focused on servicing Western investment and African business by investing in emerging sectors across Africa, creating hubs of business through key investments. Lonrho is re-establishing a significant presence on the African Continent through strategic investments across sectors in fast-growing African economies.
Lonrho joins United Nations’ Global Compact initiative
African conglomerate Lonrho (LON:LONR) today announced that it has become participant in a United Nations initiative to promote corporate responsibility.
It is now a signatory of the UN Global Compact.
Lonrho explain that the Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.
This helps ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere, it added.
"The Board is delighted to become a participant in the UN Global Compact,” said chief executive Geoffrey White.
“Through our commitment to the ten principles, and our own corporate responsibility values, we encourage all our subsidiaries throughout Africa to achieve greater social, environmental and local economic benefits - and encourage others within our sphere of influence to do the same."
According to Lonrho the Global Compact is the world's largest voluntary corporate responsibility initiative with over 8,700 corporate participants and other stakeholders in over 135 countries.
The company said it will report on the ways in which it follows these ten principles each year. Lonrho has accepted an invitation to serve on the initiative’s advisory group.
