Arif Naqvi Re­ceives 2013 Oslo Busi­ness For Peace Award

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Arif Naqvi, Founder and Group Chief Ex­ec­u­tive of The Abraaj Group, has re­ceived the 2013 Oslo Busi­ness for Peace Award at a cer­e­mony in the Oslo City Hall, Nor­way. Mr Naqvi is the first Pak­istani national and the first Chief Ex­ec­u­tive from the global pri­vate eq­uity in­dus­try to re­ceive this award. The award was pre­sented to Mr Naqvi by the Gov­ern­ing Mayor of Oslo, Mr Stian Berger Røs­land, and the Chair­man of the Busi­ness for Peace Foun­da­tion, Mr Per L Sax­e­gaard.

The Oslo Busi­ness for Peace Award is one of the high­est forms of recog­ni­tion given to global busi­ness lead­ers for fos­ter­ing peace and sta­bil­ity through cre­at­ing shared val­ues be­tween busi­ness and so­ci­ety.

The search for honorees is a joint ef­fort un­der­taken be­tween the In­ter­na­tional Cham­ber of Com­merce (ICC), the United Na­tions De­vel­op­ment Pro­gram (UNDP) and the Oslo-based Busi­ness for Peace Foun­da­tion. The 2013 Award Com­mit­tee con­sists of No­bel Peace or Economics Prize Lau­re­ates: Pro­fes­sor Muhammad Yunus, win­ner of the No­bel prize in Peace in 2006; and Pro­fes­sor Michael A. Spence, win­ner of the No­bel prize in economics in 2001. • Mr Naqvi is the first Pak­istani national to re­ceive this award from the Busi­ness for Peace Foun­da­tion, Oslo Pre­vi­ous win­ners in­clude Jef­frey Im­melt and Ratan Tata amongst oth­ers Mr Naqvi has been cho­sen as an honoree be­cause of his work in pro­mot­ing a stake­holder cul­ture and his strong con­vic­tion that the re­la­tion­ship be­tween busi­ness and so­ci­ety - just like the re­la­tion­ship be­tween busi­ness and fi­nance - should be both mu­tu­ally ben­e­fi­cial and value ac­cre­tive.

Com­ment­ing on re­ceiv­ing the award, Mr Naqvi said: “It is an honor to have been cho­sen as a re­cip­i­ent of this award. Pre­vi­ous honorees, as well as this year’s re­cip­i­ents, in­clude global lead­ers in re­spon­si­ble, sus­tain­able and eth­i­cal busi­ness prac­tices and I am hum­bled to be amongst their com­pany and to share in their achieve­ments.

“We all have a duty to con­duct and man­age our busi­nesses to the high­est pos­si­ble stan­dards. My col­leagues and I have al­ways be­lieved that a sus­tain­able in­vest­ment ap­proach fo­cus­ing on stake­hold­ers as well as share­hold­ers can cre­ate so­cial ben­e­fits along­side strong fi­nan­cial re­turns. En­gag­ing with com­mu­ni­ties is a core part of our ap­proach when in­vest­ing in growth mar­kets as many out­comes de­pend on col­lab­o­ra­tion be­tween mul­ti­ple stake­hold­ers - specif­i­cally busi­ness, govern­ment and civil so­ci­ety.”

THE ABRAAJ GROUP

The Abraaj Group is a lead­ing in­vestor op­er­at­ing in the growth mar­kets of Asia, Mid­dle East and North Africa, Turkey and Cen­tral Asia, Sub-Sa­ha­ran Africa and Latin Amer­ica.

The Group cur­rently man­ages US$ 7.5 bil­lion across 25 sec­tor and coun­try-spe­cific Funds en­com­pass­ing pri­vate eq­uity (ma­jor­ity and sig­nif­i­cant mi­nor­ity in­vest­ments with ticket sizes of­be­tween US$ 10 mil­lion to US$ 100 mil­lion) and real es­tate (pri­mar­ily yield-gen­er­at­ing) in­vest­ments. Arif Naqvi (r) re­ceives the Busi­ness for Peace award from Oslo’s Gov­ern­ing Mayor Si­tan Berger Rosland at Oslo City Hall The Abraaj Group is com­mit­ted to the high­est en­vi­ron­men­tal, stake­holder en­gage­ment and cor­po­rate gov­er­nance stan­dards and is a sig­na­tory of the UN-backed Prin­ci­ples for Re­spon­si­ble In­vest­ment and the United Na­tions Global Com­pact. Arif Naqvi, Abraaj’s Founder and Group Chief Ex­ec­u­tive, was ap­pointed to the United Na­tions Global Com­pact Board by UN Sec­re­tary Gen­eral Ban Ki-moon in 2012.

In May, Mr. Naqvi was the first Pak­istani national to be awarded the 2013 Oslo Busi­ness for Peace Award, one of the high­est forms of recog­ni­tion given to global busi­ness lead­ers for fos­ter­ing peace and sta­bil­ity through cre­at­ing shared val­ues be­tween busi­ness and so­ci­ety. In 2008, Mr. Naqvi and his fam­ily es­tab­lished the Aman Foun­da­tion, a so­cial sec­tor en­ter­prise in Pak­istan, which sup­ports sus­tain­able de­vel­op­ment in health­care, nu­tri­tion and ed­u­ca­tion.

Over and above its own pro­pri­etary ini­tia­tives in the field of ed­u­ca­tion for em­ploy­ment and en­trepreneur­ship, The Abraaj Group also sup­ports best in class or­ga­ni­za­tions fo­cused on job cre­ation and com­mu­nity en­gage­ment. The Group al­lo­cates 5 per cent of its net man­age­ment fee and 5 days of vol­un­teer time per em­ployee to th­ese ini­tia­tives and has over the last three years con­trib­uted over 8,000 vol­un­teer­ing hours.

Arif Naqvi (right) with his award.

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