Development Bank Ghana (DBG) announces that it will sign the United Nations Global Compact today.

This is part of the Bank’s efforts to strengthen its commitments and operations with a sustainable business and broader governance framework.

The United Nations pact enjoins its signatories, primarily businesses and corporations around the world, to adopt sustainable and socially responsible policies and be accountable for their implementation.

The Compact has a framework based on ten principles for companies.

This enables them to operate in a way that meets their core responsibilities in the areas of human rights, labor, environment and anti-corruption, which form the pillars of the UN Global Compact.

By incorporating the ten principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies not only meet their core responsibilities to people and planet, but also set the stage. for long term success.

By becoming a signatory to the United Nations Global Compact, DBG reinforces its commitment to respecting and protecting human rights, labor, the environment and anti-corruption principles through its business practices.

The United Nations Global Compact provides DBG with a universal language for corporate responsibility and a framework to guide all businesses, regardless of size, complexity or location.

The UN Global Compact also enables DBG to effectively assess, define, implement, measure and communicate the goals of its sustainability strategy.

Most importantly, the principles of the UN Global Compact are strategies that DBG currently employs across all of its operations. By joining the Pact, the Bank reinforces its commitment to doing clean, responsible and green business.

Commenting on DBG’s adherence to the UN Global Compact, Kwamena Duker, Chief Executive Officer of DBG said, “DBG is delighted to join the many organizations around the world that are signatories to the UN Global Compact and who believe , like us, that ethical business conduct is an important part of enabling businesses to drive sustainable development.

The United Nations Global Compact is the world’s largest corporate sustainability initiative with 13,000 participating companies and other stakeholders in more than 170 countries with the aim of integrating the ten principles into business activities around the world and to catalyze action in support of broader United Nations goals such as the Sustainable Development Goals.

DBG is Ghana’s new development finance institution which, with the support of international development finance partners such as the African Development Bank, European Investment Bank, World Bank and KfW, the German development bank , seeks to improve financing and technical support to the private sector through a wholesale model that operates through commercial banks designated as Participating Financial Institutions (PFIs).

DBG was launched in June 2022 and is currently engaged in building a strong network of IFPs and local agencies that share common aspirations and goals to improve support for small and medium-sized enterprises (SMEs) and achieve its vision to accelerate inclusive and sustainable economic transformation. by fostering the growth of a competitive private sector.