Almawave S.p.A, an Italian enterprise listed on the Euronext Growth Milan market (Ticker: AIW) and an Artificial Intelligence (AI), natural language analysis and Big Data services leader, has signed up to the United Nations’ Global Compact.
It thus confirms itself as an Italian enterprise focused on ESG (Environmental, Social, Governance) practices and objectives, continuing on the path followed by its parent company Almaviva since 2015. In signing up, Almawave commits to undertake responsible business activities and embrace the universal principles of sustainability.
Launched in 2000 on the initiative of former U.N. Secretary Kofi Annan, the Global Compact encourages businesses around the world to create an economic, social and environmental framework which supports a healthy and sustainable global economy that ensures everyone has the opportunity to share in its benefits. It thus requires member companies and organizations to share, support and apply a set of ten core principles related to Human Rights, Labor, the Environment and Anti-Corruption respectively, and to support the UN targets outlined in the Sustainable Development Goals. It is the world's largest corporate sustainability initiative, involving more than 15,000 companies, 3,000 non-business signatories in over 160 countries and more than 70 local networks.
“Signing up to the U.N. Global Compact reaffirms Almawave's commitment to promoting a cutting-edge business model based on respect for fundamental principles and sustainable economic growth" stated Valeria Sandei, Almawave’s Chief Executive Officer, underlining that "the pivotal elements of this initiative have always been an integral part of our business, which over the years - at an Italian and international level - has been able to progress and demonstrate how technology, and Artificial Intelligence specifically, can also be useful tools for encouraging the good practices and principles underlying the Global Compact itself. The threat posed by climate change makes sustainability-oriented choices inescapable, and there is a need for companies to take real action. Almawave's commitment is concrete and signing up to the UN Global Compact encourages us to do even more."
The company, during 2023, will present its third Sustainability Report, which will outline the commitment to ESG issues, the steps taken and those to be taken in the company's future journey focused on the goals of the United Nations 2030 Agenda for Sustainable Development.