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approach

Noble supports the UN Global Compact

By approach, CSR

Noble Group Holdings Limited (“Noble”) has become a signatory to the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative to environmental, social and governance (ESG) principles relating to business activities.

William Randall, CEO and Executive Director, said: “We believe running a sustainable business is the only way to thrive in a world that increasingly demands ESG disclosures and transparent sustainability reporting. Doing good, and the right thing, is a business imperative for Noble’s long-term success. Today, companies need to show their business are fit for a clean, more sustainable and inclusive future. By incorporating the Ten Principles of the UNGC into our strategies and daily operations, we are making ourselves accountable in the areas of human rights, labour standards, environmental protection and the fight against corruption. We aspire to support the UN Sustainability Development Goals.”

ESG factors, or sustainability criteria, are increasingly used as inputs in the lending decisions of major banks, and as a positive incentive for granting ESG-linked bank loans. Our plan relating to clearer communication of material sustainability criteria through an annual Communication on Progress report demonstrates Noble’s commitment to show greater transparency.

We are repositioning our businesses and are investing in the supply chains that support renewable energy generation. To meet the ambitions set out in the Paris Climate Agreement, the transition to cleaner renewable energy sources means investing in products that create solar panels and batteries for electric vehicles. Investing in solar farms also represent strong and viable business opportunities. However, the production and processing of vital component materials such as neodymium for wind turbines, lithium and cobalt for batteries could pose severe environmental impacts.

Responsible sourcing is an important focus of our sustainability strategy. As a founding member of the Global Rare Earth Industry Association (GloREIA), Noble is establishing a global association to develop an integrated, de-risked and sustainable value chain for rare earth materials.

Sustainability Report 2018

By approach, CSR

Creating sustainable values for our shareholders, customers, employees and for society.

Our approach to responsible business is fostered by our desire to understand the concerns and expectations of our key stakeholders. Aligning our entrepreneurial culture with the highest standards of integrity, sustainability remains embedded in our core businesses.

Noble Holdings’ sustainability efforts focus on health, the safety and wellbeing of our employees, resource efficiency and pollution prevention; and supply chain transparency and community relations. Our businesses pursue opportunities to advance in the context of the United Nations Sustainable Development Goals, with an emphasis on education, energy access, public facilities and climate protection.

This Sustainability Report provides our annual update on important non-financial topics at Noble Group Holdings Limited. In accordance with the Global Reporting Initiative (GRI) Standards: Core Option, material performance data is accompanied by a brief description of our policies and management systems, as well as our activities and their impact on our day-to-day business.

The report also serves as our annual “Communication On Progress” to the United Nations Global Compact. Noble Group has supported the initiative since 2010 – a strategic policy agreement for businesses committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour practice, environment protection and anti-corruption. Noble Group Holdings Limited rejoined in July 2019.