MUMBAI (TIP): Essar Energy has announced that it has become a signatory to the United Nations Global Compact (UNGC), which is a voluntary corporate responsibility initiative, with over 10,000 corporate participants and other stakeholders from over 130 countries.

The UNGC is also a strategic policy measure for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anticorruption. The company, in a press release, said that it is committed to adopting a globally recognised policy framework, for the development, implementation and disclosure of environmental, social and governance policies and practices.