Banque LibanoFrançaise joins the United Nations Global Compact

JANUARY 20, 2015 (REFERRING TO THE NATIONAL NEWS AGENCY – LEBANON) Banque Libano-Française has become one of the few business and non-business participants in Lebanon to join the United Nations Global Compact (UNGC).

On October 17, 2014 BLF signed the UN Global Compact embracing therefore a set of core values in the areas of human rights, labor standards, the environment and anti-corruption.

Launched in 2000, the UNGC is the world’s largest voluntary corporate responsibility initiative that offers a strategic policy for businesses that are committed to align their operations and strategies with ten universally accepted principles.

“We are committed to making the Global Compact and its principles part of the Bank strategy, culture and day-to-day operations.” said Raya Nahas, General Manager of Banque Libano-Française in a commitment letter addressed to Ban Ki-moon, Secretary-General of the United Nations.

By becoming a UNGC participant, Banque Libano-Française aims at further integrating Social Responsibility in its behaviors, business operations, and interactions with all stakeholders.

Moreover, in 2014, the Bank has put forward an ambitious action plan based on the principles of ISO 26000, a standard providing guidance on Social Responsibility.