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Roadmap of the UN Global Compact

 When I asked the business community in early 1999 to join the United Nations in a Global Compact on shared values, I was very encouraged that the International Chamber of Commerce took up the challenge and responded so promptly on behalf of its member companies. 
Kofi Annan, Secretary General, United Nations.
1997-2006
 
 We are giving effective support to the Global Compact proposed by the Secretary – General Kofi Annan on shared core values between the UN and business. We represent the world business view towards the UN and its agencies in setting global rules and policies. 
 
Adnan Kassar, President of the International Chamber of Commerce.
1999-2000

​Fransabank Chairman Adnan Kassar was the first and only Arab national to be elected president of the International Chamber of Commerce from 1999 to 2000. During his presidency, the relationship between the United Nations and business has been extended to exceed its traditional context to include the pursuit of mutually supported goals and objectives. In this vein, the first initiative was the launch of the Global Compact which produced effective and positive results in the various areas of common interest.
 
 
A joint statement between the UN Secretary General, Kofi Annan and ICC president, Adnan Kassar clearly indicated that there exists a great synergy for the goals of the United Nations – peace and development – and those of business – wealth creation and prosperity. The two concerned parties noted that a stronger private sector worldwide and particularly the positive impact of foreign direct investment were already making an effective contribution to attainment of the UN's goals.

The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. 

The UN Global Compact is the world’s largest voluntary corporate sustainability initiative with over 13,000 corporate participants and other stakeholders based in more than 162 countries. 

Fransabank joined the United Nations Global Compact (UNGC) initiative in November 2013, becoming the first bank in Lebanon to become a participant in the UNGC. ​
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To complement our UNGC adherence, Chairman Adnan Kassar went a step further and signed the Business for Peace Statement of Support in June 2014. The Business for Peace platform expands and deepens private sector actions in support of peace - in the workplace, marketplace and local communities. And since we believe that business can be a powerful agent of change that promotes peace and development especially in the conflict-affected and the high-risk area in which we operate, Fransabank voluntary supported this platform, and committed itself to support multi-stakeholder dialogue, enhance corporate engagement in priority areas and of course help implementing the UNGC Ten Principles when possible. 

 
 
H.E. Mr. Adnan Kassar has been named a Business for Peace Honourees by the Business for Peace Foundation’s independent Award Committee consisting of Nobel Prize winners in Peace and Economics. He was selected amongst over 120 nominations from over 50 countries, as an Honouree for being, as described by Per L. Saxegaard, chairman, Business for Peace Foundation, a businessperson “who, through their own actions and commitments, promote socially responsible and ethical business practices in an outstanding way, and stand out as examples to the world”. The Business for Peace Award is the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society. Read more...

Following Fransabank adherence to the Business for Peace Platform in 2014, Chairman Kassar, as a believer in the impact of a business energy on social progress, supported the Businessworthy Pledge, by submitting his thought piece as a commitment to ethical and responsible values. Sharing the commitment is a mean of endorsing the United Nations Sustainable Development Goals, agreed on by world leaders in 2015 and the values we all want by 2030. 

He was then asked to provide a brief on Fransabank’s CSR initiatives explaining how they fall within the scope of the UN 17 Sustainable Development Goals (SDGs). The Bank’s Sustainable Energy Finance strategy received the highest recognition and as such, Fransabank, Chairman Mr. Adnan Kassar, was selected to represent Goal 13 Climate Action

 
 
H.E. Mr. Adnan Kassar latest recognitions received for his CSR initiatives are:

H.E. Mr. Adnan Kassar was granted the “Energy Ambassador of the Year 2016” as an acknowledgement to the efforts exerted by Fransabank to finance energy projects and create general awareness in Lebanon during the 7th edition of the International Beirut Energy Forum 2016.  In addition, an Appreciation Award in the Sustainable Champions Category was granted to Fransabank during the Energy Awareness Awards held during the same event. 

H.E. Mr. Adnan Kassar has been named a Business for Peace Honourees by the Business for Peace Foundation’s independent Award Committee consisting of Nobel Prize winners in Peace and Economics. He was selected amongst over 120 nominations from over 50 countries, as an Honouree for being, as described by Per L. Saxegaard, chairman, Business for Peace Foundation, a businessperson “who, through their own actions and commitments, promote socially responsible and ethical business practices in an outstanding way, and stand out as examples to the world”. The Business for Peace Award is the highest form of recognition given to individual business leaders for fostering peace and stability through creating shared value between business and society. Read more...


H.E. Mr. Adnan Kassar received an award from the Executive Director for the UN Global Compact, Mr. Georg Kell for his role, as president of the International Chamber of Commerce, in the founding of the Global Compact with then Secretary General of the UN, Mr. Kofi Annan, in 2000. Mr. Kell thanked Mr. Kassar for his crucial role in directing the business world in joining hands with the UN in founding the Global Compact. Read more...​


H.E. Mr. Adnan Kassar received a certificate of appreciation for his distinguished contribution to the 2013 Beirut Conference entitled “Economy for Mankind”, which gathered more than 500 Muslim and Christian business leaders that shared ideas for progress based on Corporate Social Responsibility and opened the way for new perspectives for global economic and social development respectful of human dignity.

H.E. Mr. Kassar received the ICC Merchant of Peace Award from the ICC Chairman Mr. Gerard Worms in Doha in April 2013, on the occasion of ICC’s World Chambers Congress, for his devotion and calls for global peace through partnerships in business.


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