PARCO, an active member of the UN Global Compact, has been awarded the UN Global Compact Business Excellence Award 2014-15 in Public-Private Partnership Sector, by an International Jury comprising of panel members from Europe, East Asia and Oceania.
The UN Global Compact Award not only acknowledges PARCO’s commitment towards strategic and sustainable CSR, but also appreciates our efforts in adopting UNGC’s universal Ten Principles. The Award acknowledges organizations demonstrating the UNGC Principles in action through Best Practices, not just a specific CSR project or program. Reputable Pakistani Companies and institutions are signatories to the United Nations Global Compact and have committed themselves to adopting its Ten Principles.
Head Local Networks-Asia and Oceania, United Nations Global Compact Ms. Meng Liu had been visiting Pakistan and was part of the award distribution ceremony. The Award nominees underwent a rigorous and documented process of successive stages of short listing by multi disciplinary local and foreign experts, who assessed the performance of companies in each of the four areas of the UN Global Compact, namely Human Rights, Environment, Labor and Transparency.
The International Jury appreciated PARCO’s efforts in making important and substantial investments in Sustainability, especially the initiatives pertaining to Community Engagement and Employee Care.