F2i joins the United Nations Global Compact
Milan, 27 February 2023 – F2i Sgr, Italy's largest independent infrastructure fund manager, has announced that it joined the United Nations Global Compact (UNGC), a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. F2i is proud to join the United Nations project dedicated to companies that are committed to undertaking responsible business action.
The United Nations Global Compact calls on companies around the world to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and fight against corruption, and to act in support of the Sustainable Development Goals (SDGs) of the United Nations. Launched in 2000, the United Nations Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-entrepreneurial signatories based in over 160 countries and more than 70 Local Networks.
“Joining the United Nations Global Compact is a further step taken by F2i, confirming its commitment to adopting responsible practices for the protection of the environment, human rights, labour and fight against corruption, principles that we reinforce on a daily basis both through the investment choices we make, and thanks to the rigorous discipline applied to the subsidiaries in adapting to ESG principles” explained Renato Ravanelli, CEO of F2i Sgr.
THE TEN PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT
1 Businesses should support and respect the protection of internationally proclaimed human rights; and
2 make sure that they are not complicit in human rights abuses.
3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
4 the elimination of all forms of forced and compulsory labour;
5 the effective abolition of child labour; and
6 the elimination of discrimination in respect of
employment and occupation.
7 Businesses should support a precautionary approach to environmental challenges;
8 undertake initiatives to promote greater environmental responsibility; and
9 encourage the development and diffusion of environmentally friendly technologies.
10 Businesses should work against corruption in all its forms, including extortion and bribery.