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Datatec, a South African multinational technology group led by businessman Jens Montanana, has joined the UN Global Compact (UNGC) as part of its commitment to responsible innovation that benefits partners, suppliers, and communities.
“We are proud to join the leading global network of organizations committed to accelerating sustainability,” Montanana, Datatec’s founder and CEO, said in response to the company’s decision to join the UNGC. “Our involvement with the UNGC affirms our commitment as ethical, honest, and socially responsible corporate citizens.”
“Joining the UN Global Compact cements our commitment to global sustainable governance,” he added. “We take our responsibility to consider the effects of technology on both environment and community very seriously.”
Montanana stated that the UN initiative’s 10 guiding principles are consistent with Datatec’s commitment to responsible innovation that benefits partners, suppliers, and communities.
The UNGC, the world’s largest corporate sustainability initiative, has more than 9,500 corporate and 3,000 non-business signatories from over 160 countries. It is based on the recognition that achieving the sustainable development goals will necessitate concerted collective action.
The UN recognizes that good governance must be universal and businesses that join the UNGC commit to practicing good governance wherever they operate.
Datatec is a South African ICT solutions and services provider that provides software and cloud computing solutions such as Infrastructure as a Service (IaaS) and Software as a Service (SaaS) (SaaS).
Under Montanana’s leadership, the company has expanded to more than 50 countries in North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific. Montanana founded Datatec in 1986 and owns a significant 11.98-percent stake in the group.
Datatec shares were trading at R43 ($2.47) per share as of press time, 25 basis points lower than their opening price on the local bourse this morning, giving the company a market capitalization of R9.3 billion ($533.6 million).
Montanana’s shareholding in the company is worth R1.11 billion ($63.7 million).
