MONTREAL, Dec. 9, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announced today that it has joined the United Nations Global Compact (UNGC), the largest corporate social initiative in the world with more than 9,000 business and non-business participants in more than 130 countries.
In addition to setting out a single global standard that transcends national, sectoral and regional standards, the UNGC promotes a sustainable approach to business and encourages companies in increasingly globalized markets to make universal principles and values an integral part of their strategies and actions. By joining the UNGC, SNC-Lavalin underscores its commitment to putting its extensive know-how and resources to work to meet the world's sustainability challenges.
"We are committed to make the Global Compact and its principles part of the strategy, culture and day-to-day operations of our company, and to engage in collaborative projects that promote the broader development goals of the United Nations," said Neil Bruce, President and Chief Executive Officer, SNC-Lavalin.
Companies that join the UNGC must align their strategies and operations with Ten Principles on human rights, labour, environment and anti-corruption. A key requirement for participation in the Global Compact is the annual submission of a Communication on Progress (COP) that describes the company's efforts to implement these ten principles.
SNC-Lavalin supports public accountability and transparency, and therefore commits to report on progress within one year of joining the UNGC, and annually thereafter according to the Global Compact COP policy. In announcing adherence to these human rights, labour, environmental and anti-corruption principles, the company establishes a set of standards that can be used by others to monitor its conduct.
SNC-Lavalin's membership in the UNGC demonstrates the company's continued commitment to world-class social and ethical standards and is aligned with the company's goal to become the world's most relied-upon engineering and construction firm to safely, efficiently and ethically deliver outstanding performance for our clients.
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Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, email@example.com; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, firstname.lastname@example.org