Glavbolgarstroy joined the UN Global Compact Network Bulgaria of the initiative. By joining the world's largest forum for sustainable development, the company reinforces its long-standing commitment to transparency in its operations and respect for the public/social interest through the implementation of sustainable and responsible business practices in the construction process. The partnership also reaffirms the construction holding company's ongoing commitment to improving the company's management practices, with a focus on economic growth, high quality and the application of international environmental, social and ethical standards. The company is following a rigorous investment program to upgrade the construction machinery and equipment used, with a view to reducing its environmental footprint and improving job security, increasing the consumption of electricity from renewable sources and reducing and returning to reuse the quantities of water consumed.

During the meeting on the occasion of the accession, Kalin Peshov, Chairman of the Board of Directors of Glavbolgarstroy Holdings and Dimitar Tsotzorkov, Chairman of the Global Compact Network Bulgaria, outlined specific goals aimed at promoting responsible corporate behavior, creating long-term value for both business and society. Emphasis was also placed on the opportunity to expand the scope of sustainable practices and social responsibility of business, by engaging the enterprises involved in the supply chain.

"The principles, values and understandings that Glavbolgarstroy sets out in its business strategy and in its day-to-day operations are in line with the UN Global Goals for Sustainable Development and underline the company's determination to be a leader in innovation in construction," noted Kalin Peshov during the talks. In addition, it was shared that the pursuit of product and technological improvements that take into account the reduction of energy consumption, primary materials, tackling the problem of construction waste, is the basis for the future sustainable development of this leading economic sector. The Glavbolgarstroy corporate group also announced that the company has also been committed for years to creating an effective network of partnerships to address contemporary sector challenges and establishing Bulgaria as a leading country in construction innovation.

About the Bulgarian Network and the UN Global Compact

The Bulgarian Network of the UN Global Compact (BNGC) brings together companies, NGOs and educational institutions and since its establishment in 2011 has been the most active organization in the country in the field of Sustainable Development. The Network's professional expertise has been built over more than a decade within the largest global sustainability forum that has defined the ESG concept - the UN Global Compact.

The UN Global Compact, in turn, is the world's largest corporate sustainability initiative, with more than 23,000 members in over 160 countries. Former UN Secretary-General Kofi Annan's voluntary initiative brings together business and NGOs, academic institutions, cities and UN agencies in a global forum to support sustainable growth and civil society. The UN Global Compact's 10 principles focus on implementing responsible business practices in the areas of human rights, labour standards, environmental protection and anti-corruption. The seventeen specific UN Sustainable Development Goals (SDGs) are a global initiative aimed at addressing global issues such as poverty, hunger, inequality, climate change and others. These goals seek to strike a balance between economic growth, social well-being and environmental protection to improve the quality of life around the world and preserve the planet for future generations.