Cruise Saudi, a fully-owned Public Investment Fund company, has announced its participation in the United Nations Global Compact, one of the world’s largest corporate sustainability initiatives, which is dedicated to promoting sustainable and socially responsible business policies.

By joining the United Nations Global Compact, Cruise Saudi commits to incorporate its Ten Principles in the areas of human rights, labour, environment and anti-corruption into its overarching strategy, culture and day-to-day operations.

Cruise Saudi will also engage in collaborative projects that advance the broader development goals of the United Nations, particularly its 17 Sustainable Development Goals, which were created with the aim of tackling climate change and ending poverty.

The United Nations Global Compact, formally launched in July 2000, is a non-binding United Nations pact to get private sector businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on their implementation.

Sustainability is a key part of Saudi’s Vision 2030 as the kingdom strives towards a Net Zero future by 2060.

With a commitment to clean energy and sustainability, Saudi Arabia is committed to tackling energy and climate challenges with innovative solutions such as the Circular Carbon Economy (CCE) and an increasingly diverse energy mix, in which 50% of energy will come from renewable sources by 2030.

As a private sector organisation, Cruise Saudi is fully committed to developing the cruise market along the Saudi coastlines whilst focusing on sustainability and innovation, working towards achieving Saudi’s national sustainability goals.

Lars Clasen, CEO of Cruise Saudi, said: “By joining the UN Global Compact, Cruise Saudi demonstrates its commitment to our global society and the environment that we rely upon.

“We are delighted to join over 20,000 companies worldwide who share the same vision as us, and we hope this movement can drive positive change.” – TradeArabia News Service