Standard Chartered chief joins UN’s global compact board
The United Nations’ Secretary-General, António Guterres, has announced the appointment of the Chief Executive Officer and Managing Director of Standard Chartered Bank Nigeria Limited, Bola Adesola, as the Vice-Chair of Global Compact Board.
By the appointment, Adesola succeeds the out-going Vice-Chair of the UN Global Compact Board, Sir Mark Moody-Stuart, former Chairman of Royal Dutch/Shell Group of Companies and of Anglo American Plc.
She previously served on the UN Global Compact Board, bringing significant expertise to the role from her wealth of experience in the private sector, the corporate sustainability space and specifically, with the UN agency itself.
Adesola has been at the helm of affairs of Standard Chartered Bank Nigeria since 2011, with over 25 years of banking experience, having held various leadership positions in First Bank of Nigeria, Citibank and Kakawa Discount House.She is an alumnus of Harvard Business School, Lagos Business School, and also holds a Law degree from the University of Buckingham.
In her address to the United Nations Private Sector Forum on September 18, she said: “I urge the companies present here to look at your businesses, map them to the SDGs, and then see how you can enhance those activities and play to your strengths, because, I think, it’s all about impact, and everything we do counts — whether it’s paper, whether it’s light — they all count.”
The UN Global Compact Board has a vital role to play in shaping the strategy and policy of the initiative, which acts as the United Nations flagship for responsible business action.
Designed as a multi-stakeholder body, the Board provides ongoing strategic and policy advice for the initiative. Board members are considered champions who are willing and able to advance the mission of the UN Global Compact to mobilize a global movement of sustainable companies and stakeholders to create the world we want. They act in a personal, honorary and unpaid capacity.
Guterres serves as Chair of the UN Global Compact Board, having assumed the role in conjunction with his appointment as Secretary-General in 2017, following the tenure of Ban Ki-moon.
Going forward, he will work closely with Adesola, along with UN Global Compact CEO and Executive Director, Lise Kingo, as they lead the agency- the entry point for business within the broader United Nations system and the largest corporate sustainability initiative in the world.
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