Ukrgasvydobuvannya joined the United Nations Global Compact

Jan 30, 2020 | Category: Official
Ukrgasvydobuvannya joined the United Nations Global Compact

Ukrgasvydobuvannya joined the United Nations Global Compact. The initiative unites the business around the world to settle the most critical challenges of modernity: human rights and environmental protection, anti-corruption efforts, quality education, etc.

Joining the initiative means that Ukrgasvydobuvannya shares the global sustainable development goals and is obligated to be guided them in their work.

"As one of the largest industrial companies in Ukraine, we are aware of our role in the entire country and region development. We have an overreaching goal - to create a strong corporate social responsibility system in the company within the next three years. Joining the Global Compact is access to the international platform for developing partnership relations with the civil society, governmental and non-governmental organizations. It is also an opportunity to adopt the best practices and attract the additional resources for achieving our goal," said Andrew Favorov, Director for Integrated Gas Business at Naftogaz of Ukraine.

According to the rules of the Global Compact, Ukrgasvydobuvannya will report annually on its implementation actions of the sustainable development programs and projects.

Ukrgasvydobuvannya is one of the largest taxpayers in Ukraine. In 2019, the company transferred UAH 1.16 billion of the rent payments to the local budgets, which were aimed at the regional development.

Ukrgasvydobuvannya has implemented and is guided in its activities by environmental policy, labour protection policy, compliance policy, Code of Conduct, other policies and regulations.

Additional information

The United Nations Global Compact ( is the world's largest corporate social responsibility initiative, to which 9531 companies from 165 countries have already joined.

Ten principles on human rights, labour relations, environmental protection and anti-corruption efforts are declared in the document.

The official page of Ukrgasvydobuvannya on the website of the UN Global Compact is available at the link.