Xcellon Capital Advisors (XCA), a non-bank financial institution based in Lagos has been admitted into the United Nations Global Compact (UNGC).
In a letter received this week and signed by the UN Secretary General, Antonio Gutierrez, it was stated that XCA is now admitted into the global elite of corporate citizens that are bound by the ideals of pursuing sound corporate charter that encompass several key aspects, that includes Sustainable Development Goals to drive business awareness and achieve long-term growth.
This was contained in a statement issued yesterday by Xcellon’s Head of Corporate Services.
The UN Global Corporate Compact, consists of over 17,000 companies around the world with 23,615 participants operating in 167 countries and 62 local networks.
“Our participation in the UNGC will actively allow us undertake projects to advance the broader development goals of the United Nations, particularly the corporate action to achieve the 2030 Sustainable Development Goals such as: Gender Equality (equal representation), Finance and Investment (Establish a corporate financing strategy that is linked to ESG investments and performance, and report on the amount and proportion of such ESG finance), and living wage (100 percent of employees across the organization earn a living wage by 2030)”, the statement said.
It also added it will afford the organisation “Participation and leadership across all levels of management by 2030; contribute to a just transition by taking concrete actions that address social impacts of climate change mitigation and adaptation measures, in partnership with actors such as with workers, unions, communities and suppliers and establish a corporate financing strategy that is linked to ESG compliant financing model, taking cognisance of Environment, Social and Governance factors.”
The statement noted that group was created several years ago on the mandate of the General Secretary to help companies navigate the emerging complex operating ecosystem.
Executive Chairman of Xcellon Capital, Dr. Chamberlain Peterside, welcomes the organisation’s admission and approval by the UN Secretary General, Antonio Gutierrez, saying, he “feel quite honoured to be accorded such rare privilege.”
In concluding, Dr Peterside expressed his company’s strong commitment to live and operate according to the philosophy espoused by the UN Global Corporate Compact.
Xcellon Capital, a non-bank financial institution was formed in 2008 with focus on investment advisory in infrastructure and asset management for corporate and public sector clients, among others.
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