PARCO, an active member of the UN Global Compact, has been awarded the UN Global Compact Business Excellence Award 2013-14 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. More than 124 Pakistani Companies and institutions are signatories to the United Nations Global Compact and have committed themselves to adopting its Ten Principles.
Renowned Economist, and Dean and Director IBA, Dr. Ishrat Hussain, the Chief Guest, presented the Award to Mr. Shah M. Saad Husain, GM (Corporate Affairs) PARCO during a ceremony held on January 7, 2015. 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.
Mr. Matthew Tukaki a member of the Jury noted that, “PARCO had done a significant amount of mapping towards accredited processes. Quality was of high standards and there appears to be deep community engagement. I was suitably impressed”. Mr. Steve Kenzei, another Jury member, noted that, “PARCO projects cover an impressive range of UNGC areas”. This is the second consecutive award won by PARCO.