ESCATEC, the first EMS company in Penang to become a member of the UNGC
ESCATEC is the first EMS company in Penang to become a member of the United Nations Global Compact
Penang, Malaysia – 24 June, 2013 – ESCATEC, the Electronics Manufacturing Services innovator, has announced its membership of the United Nations Global Compact, the ten principles of which cover human rights, labour standards, the environment and anti-corruption. ESCATEC intends to advance those principles within its sphere of influence. It is committed to making the Global Compact and its principles part of the strategy, culture and day-to-day operations of the company, and to engaging in collaborative projects which advance the broader development goals of the United Nations, particularly the Millennium Development Goals that are also endorsed by the Malaysian government.
This is an extension of ESCATEC’s implementation of its core values, one of which is to conduct business ethically. It operates with a strict Code of Conduct with respect to all its stakeholders and abides by the environmental regulations through its ISO 14001 certification. ESCATEC joins the other 44 companies, SME’s, foundations, business associations and NGO’s in Malaysia that are actively communicating on their commitment to sustainability and corporate citizenship.
“Joining the UN GC is a key part of our on-going programme of corporate responsibility,” said Markus Walter, ESCATEC’s CEO. “The UN GC provides collaborative solutions to the most fundamental challenges facing both business and society and we are proud to become active members.”
Business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.
As social, political and economic challenges (and opportunities) — whether occurring at home or in other regions — affect business more than ever before, many companies recognize the need to collaborate and partner with governments, civil society, labour and the United Nations.
This ever-increasing understanding is reflected in the Global Compact's rapid growth. With over 10,000 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world.
Endorsed by chief executives, the Global Compact is a practical framework for the development, implementation, and disclosure of sustainability policies and practices, offering participants a wide spectrum of workstreams, management tools and resources — all designed to help advance sustainable business models and markets.
“The Global Compact asks companies to embrace universal principles and to partner with the United Nations. It has grown to become a critical platform for the UN to engage effectively with enlightened global business.” UN Secretary-General Ban Ki-moon.