KNESS has joined the Ukraine Energy Initiative

KNESS has joined the Ukraine Energy Initiative, launched by the world’s largest community of responsible businesses within UN Global Compact Network Ukraine. An industry coalition will unite Ukrainian and international stakeholders to accelerate the recovery of the energy sector in Ukraine. A significant number of Ukrainian companies have already joined the initiative along with us. 

Why is it so important to consolidate efforts in this matter?

Since the start of the full-scale invasion, the amount of damage caused to the Ukrainian energy infrastructure by russia, reached $8.8 billion. According to preliminary estimates, with this money, Ukraine could build more than 5,000 MW of green capacities by 2030. However, now Ukraine is forced to spend this money on restoration rather than development. Nevertheless, we must work to increase the share of renewable energy generation and build a modern energy system.

We need partners and investors to restore the energy system to a better, more efficient, and more ecological one. Collaboration among responsible businesses, combination of complex expertise and experience in the energy sector are the keys to address the energy issues.

UN Global Compact Network Ukraine is a Ukrainian network of the world’s largest community of responsible businesses. This special initiative of the UN Secretary-General calls on companies to build their activities and strategy, taking into account the Sustainable Development Goals and based on the 10 Principles in the field of human rights, labor relations, environmental protection, and anti-corruption. The organization has 22,000 members in 166 countries. The Ukrainian network has 133 members.

Ukraine Energy Initiative is an energy initiative of the UN Global Compact Network Ukraine, which unites partners in creating a broad industry coalition, the task of which is to accelerate the recovery of the energy sector of Ukraine. We are open to cooperation with interested partners who are committed to our principles and goals.