Central Asia’s largest electronics manufacturer, Artel Electronics LLC(Artel), has officially become a member of the United Nations Global Compact (UNGC). The UNGC was established in the year 2000 and is a platform for the development, implementation, and disclosure of responsible business practices. Artel will be the third company from Uzbekistan to participate.
Big companies like Microsoft, Nestlè, Facebook, and over 10,000 companies are already a part of the compact affirming its 10 principles and now Artel will be able to do that too. The principles mainly include a commitment to human rights, labor standards, sustainability, and anti-corruption.
Artel will also be promoting the UN’s Sustainable Development Goals (SDGs). Being one of the largest companies in Uzbekistan, this will lead the Uzbek private sector to international standards.
In addition, Artel has also become the founding member of the Coalition of Business Champions for the Sustainable Development of Uzbekistan. Artel will use this opportunity to promote social and environmental considerations as the country continues to grow. This adds to their portfolio of important work on water provision, gender equality, and education.
Bektemir Murodov, CFO of Artel Electronics, said: “We are delighted to join the UN Global Compact and become part of such a proactive global community of businesses working towards sustainable development. As a large Uzbek company, we have a huge responsibility to promote sustainability as well as international labor standards, human rights, and anti-corruption. This reaffirms our commitment to these principles.
We also know that this is a great opportunity to learn from some of the world’s leading companies, and we look forward to taking an active part in the conversation around how to promote the SDGs in Uzbekistan.”
The company has now structured its corporate governance to resemble international standards that allow to them work on the efficiency of their products and at the same time, try to decrease the environmental impact.