NICKEL ASIA Corp. announced that it has been approved as a member of the United Nations Global Compact (UNGC), a global environmental program that examines a company’s contribution to factors such as human rights and the climate.
In order to be accepted as a participant, Nickel Asia introduced its market strategy and value philosophy to UNGC, according to a statement released on Sunday.
In a tweet, Nickel Asia president and chief executive officer Martin Antonio G. Zamora said, “This is a big deal for all of us at Nickel Asia because it effectively ties us to the proverbial umbilical cord of what UNGC means to the globe.”
UNGC is a sustainability project, according to Nickel Asia, that “supports multinational businesses dedicated to responsible corporate practices in the fields of human rights, labour, the climate, and corruption.”
It goes on to state that UNGC representatives are required to behave wisely in fields such as climate change, water and sanitation, electricity, ecology, food, and agriculture.
Nickel Asia said, “Companies are also required to understand the connection between environmental concerns and social and development goals.”
Nickel Asia’s vice-president for corporate affairs, Jose Bayani D. Baylon, said that the company’s mining subsidiaries’ normal operating practices had been to train for UNGC participation.
“Mining is always battling for its integrity, and the UNGC will assist us in illustrating our track record when we publicly reflect on how well we handle environmental, social, and governance issues,” Mr. Baylon said in a statement.
Due to higher ore export rates, Nickel Asia’s attributable net profits for 2020 grew 51.9 percent year on year to P4.07 billion.
Total sales grew by 21.5 percent to P21.77 billion, up from P17.92 billion in 2019. Last year, 10 million wet metric tons (WMT) of nickel ore were shipped, down 3.9 percent from 10.4 million WMT the year before.