UN Global Compact

O1 Properties has joined the UN Global Compact (UNGC). By joining the Global Compact, the company confirms its commitment to ten principles of responsible and sustainable business in the spheres of human rights, labour, environmental responsibility and combatting corruption.

The Global Compact is an international initiative of the United Nations to support corporate social responsibility and sustainable development, bringing  the international business community together to approve and disseminate transparent rules and technologies, which can promote the harmonious development of our world in the long term. The initiative unites more than 9500 companies in 160 countries.

A key objective of the UNGC is to promote and increase recognition of the Sustainable Development Goals (SDGs). These 17 goals, agreed and established by the world community, are designed to address and overcome global problems and threats. A special role in achieving the SDGs is assigned to business, which commits to changing its processes in order to reduce their potential negative consequences and increase positive contributions to the development of society.

As part of its adherence to the Global Compact, O1 Properties carried out its own analysis of the SDGs and identified Goal No. 11 “Sustainable Cities and Communities” and Goal No. 12 “Responsible Consumption and Production” as the priorities, which are most relevant to its own operations. In order to contribute to the achievement of these goals, the Company will work to improve environmental performance of commercial real estate in the O1 Properties portfolio, develop publicly accessible landscaped recreational areas, preserve cultural heritage sites, reduce the volume of non-recyclable waste at its business centres and support the development of alternative modes of transport.