KABUL, Afghanistan, Feb. 7, 2013 /PRNewswire/ Asianet-Pakistan — Roshan, Afghanistan’s leading total communications provider, today announced that the company has been officially recognized as a certified B-Corp. Roshan is the first company in Afghanistan to achieve this prestigious B-Corp status and leads the way for other Afghan businesses to gain recognition for ethical business practices. The status also highlights that companies can successfully invest in Afghanistan as a business as well as having a social conscience and positive socio-economic impact on a country. Becoming a B-Corp makes Roshan the first company in Afghanistan to join over 600 companies in 24 countries from around the world that have obtained the highly coveted designation.
The company is also collaborating with B Lab to make the B Impact Assessment more appropriate for developing countries as it expands internationally. Roshan’s collaboration with B-Corp is part of its heritage as an Aga Khan Fund for Economic Development (AKFED) Group company, where it is committed to bring best practice and world class standards wherever it operates.
The B Impact Assessment analyzes companies and reviews corporate governance, financial metrics, community engagement and environmental practices. And, it explicitly highlights Roshan for investing in the reconstruction of Afghanistan by increasing access to telecommunications services and mobile banking through M-Paisa. Roshan also scored high on the assessment for model human resources policies and workforce development practices including hiring and training employees from chronically underemployed communities including women. Today, almost twenty percent of Roshan’s workforce are women.
Since launching operations in Afghanistan ten years ago, Roshan has made a significant contribution to the rebuilding and social development of the country. The company has invested over $550 million in the country and has created 1,300 direct and over 40,000 indirect jobs.
“Roshan is committed to being a different kind of company that believes in harnessing the power of telecommunications to bring about measureable change in Afghanistan,” Karim Khoja, Roshan Chief Executive Officer said. “This certification further validates that and our vision as a benchmark as an emerging market telecommunications company that focuses on our customers, stakeholders and employees, providing quality and value in an ethical manner while contributing to the social and economic development of Afghanistan,” Khoja added.
Roshan has also focused on development through Roshan Community, the company’s corporate social responsibility arm. By leveraging the company’s resources, technology and employees, Roshan Community has introduced many innovative programs including:
“Roshan achieved B Corp certification in recognition for everything it does, and continues to do as an impact company. We are humbled to have such an inspirational company achieve B Corp certification for their great efforts in improving the lives of their employees, the local community, and rebuilding the vital infrastructure needed for Afghanistan to thrive. The B Corp movement was started to shine a light on companies that are the best for the world, and we’re excited to confirm that Roshan is one of them.” Dermot Hikisch, Head of Community Development, B Lab.
Roshan (Telecom Development Company Afghanistan Ltd) is Afghanistan’s leading total communications provider with over six million active subscribers and a network that covers over 230 cities and towns in all of the country’s 34 provinces.
Roshan is a true Afghanistan success story, serving as a catalyst for economic growth and actively contributing to the country’s long-term development. Since its inception nine years ago, Roshan has invested over $550 million in Afghanistan and is the country’s single largest investor and taxpayer, contributing approximately five percent of the Afghan government’s overall domestic revenue. Roshan directly employs more than 1,300 people, nearly 20 percent of who are women, and provides indirect employment to more than 30,000 people.
Roshan is deeply committed to Afghanistan’s reconstruction and development. The Aga Khan Fund for Economic Development (AKFED), part of the Aga Khan Development Network (AKDN), is a major shareholder of Roshan and promotes private initiatives and building economically sound enterprises in the developing world.
Also owned in part by Monaco Telecom International (MTI) and TeliaSonera, Roshan brings international expertise to the country and is committed to the highest standards of network quality and coverage for the people of Afghanistan.
About Roshan Community
Roshan Community is the dedicated corporate social responsibility arm of Roshan, Afghanistan’s leading telecommunications provider. Roshan Community aims to be a driver in the reconstruction of Afghanistan, investing in programs for children, women and communities to build human potential and capacity. Since beginning operations, Roshan Community has supported a wide range of programs including building schools, playgrounds and wells, helping women set-up their own businesses, sponsoring soup kitchens and supporting a Telemedicine project. Roshan’s commitment to the reconstruction of Afghanistan is an integral part of the company’s business mission. In line with the philosophy of the Aga Khan Development Network (AKDN), Roshan seeks to demonstrate the role business can play in transforming society. By leveraging its expertise and partnering with like-minded businesses and organizations, Roshan Community works to strengthen and enhance the work of government and civil society to maximize impact and make a difference.
About B Corp
Certified B Corporations 1) meet rigorous standards of social and environmental performance; 2) legally expand their corporate responsibilities to include consideration of stakeholder interests; and 3) build collective voice through the power of the unifying B Corporation brand. As of May 2012, there are over 530 Certified B Corporations from over 60 industries, representing a diverse multi-billion marketplace.
About B Lab
B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems. B Lab drives systemic change through three interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and just good marketing; 2) accelerating the growth of the impact investing asset class through use of B Lab’s GIIRS impact rating system by institutional investors; and 3) promoting supportive public policies, including creation of a new corporate form and tax, procurement, and investment incentives for sustainable business.
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