Mauritius Commercial Bank Adopts the Equator Principles
With a history that dates back to 1838, the
According to a
Signatories to the UNGC are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption. MCB’s latest Communication in Progress, a public reporting requirement under the UNGC, was completed for FY2009 and can be accessed
MCB’s COP report follows a simple table format and does not provide for a very engaging reading. I am also not a fan of reporting which, in effect, is a listing of only positive activities and/or outcomes. What about the gritty parts of life & business: the context, challenges and lessons learned?
MCB’s CSR efforts detailed in its
The information presented in MCB's FY2009 COP and 2011 Annual Report suggests that MCB is ready to progress rapidly to a GRI-type sustainability reporting process. No doubt, such a report would better - and more credibly - showcase MCB’s CSR efforts over time, including engagement with stakeholders, accomplishments and challenges . It could also address the external reporting requirements associated with the Equator Principles and double as MCB's COP for the UNGC. This would further cement MCB's positioning among the sustainability leaders in its region and market segments.
What are your thoughts on MCB's adoption of the Equator Principles? How does MCB's reporting and engagement stack up when compared to its regional peers?
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