UN Secretary-General Appoints Chairman Aman Foundation to the Global Compact Board

May 2nd, 2012

Arif Naqvi

Karachi, Pakistan, 02 May, 2012: Arif Naqvi, Founder Trustee and Chairman Aman Foundation, has been appointed to the United Nations Board of the Global Compact by Secretary-General, Ban Ki-moon. Mr Naqvi, who is also the Founder and Group Chief Executive Officer of Abraaj Capital, is the only Board Member from the Private Equity Industry. He joins 13 business leaders from across the world, representing a wide range of industry sectors.

The Global Compact Board is the highest level advisory body of the UN that involves business, civil society, labor and employers’ organizations. The United Nations Global Compact (UNGC) is a strategic policy initiative designed to mobilize businesses which share a commitment to ten universally accepted principles, which comprise human rights, labor, environment, sustainability and anti-corruption.

Mr Naqvi’s appointment to the UNGC Board is a reflection of Abraaj Capital’s track record of embedding a stakeholder approach in the markets and communities in which it operates. This approach has been underpinned and driven by the Abraaj Sustainability and Stakeholder Engagement Track (ASSET), a dedicated stakeholder focused engagement program within the Firm. In addition to this, his commitment to the development sector in Pakistan and the Mena region, which is evident through Aman Trust and its work, has also played an important role in his nomination.

The next meeting of the Global Compact Board is expected to be held on 21 June, 2012, in Rio de Janeiro. This would be in correlation with the UN Conference on Sustainable Development and the Global Compact’s Rio+20 Corporate Sustainability Forum.