Overgas Re-elected on the National Council of UN Global Compact Network Bulgaria

The General Meeting of the Bulgarian Network of the UN Global Compact held on 21 February 2023 at Sofia Tech Park elected members of the National Council and the Monitoring Council as well as Chair of the association for the 2023 – 2027 period.

Asarel – Medet, Overgas, Sopharma and BCause Foundation are re-elected as members of the National Council; Aurubis, Solvay Sodi and Lidl Bulgaria will join them on the management body. The members of the National Council fulfill management, representation and leadership functions and their commitments are related not only to the work of the Network with the Global Compact in New York and CSR Europe but also to strengthening sustainability as the only path of development and prosperity of businesses and the society. Members of the Monitoring Council during the upcoming period will be Investor Media Group, Sofia University St. Kliment Ohridski and Kaufland Bulgaria. Membership in the two councils of the organization is a mark of trust, honor and prestige.

Dimitar Tsotsorkov, Chairman of the Supervisory Council of Asarel Medet, is elected unanimously as Chairman of UNGC Network Bulgaria; he is also elected as an SDG Pioneer in Bulgaria and is among the 10 SDG Pioneers globally. He takes over the prestigious position after two landmark terms of office served by Ognyan Trayanov, owner and Executive Director of TechnoLogica. During his chairmanship, UNGC Network Bulgaria grew its membership and launched milestone projects such as Proud of My Parents’ Work, Bazaar of Professions, and Games for Good which were supported by dozens of companies.

In his address, Overgas Inc. Executive Director Svetoslav Ivanov highlighted the significant public role of the company:

“Our company is engaged in natural gas distribution. In fact, we replace the electricity which comes out of the Bulgarian electric outlets. A mere 20% of the initial energy burned as coal reaches those electrical outlets. The rest of the energy is used by the Bulgarian energy industry to warm up the air and to release carbon emissions. In practice, by replacing electricity with natural gas we are reducing the carbon footprint. A little secret I’ll give away is that I had the pleasure several years ago to be the first harbinger to initiate the creation of the Bulgarian Network of the UN Global Compact. It was a completely pioneering effort but we managed to convince enough followers and that makes us feel satisfied. I won’t dwell on all projects related to afforestation, beehive adoption, investment in young and gifted sports players and scientists because the list is very long. However, I cannot but mention important projects such as Bulgarian Shkolo which offers education to children from the nursery through to high school. It’s hard for me to keep things short when it comes to Overgas, its work and all of its green and sustainable initiatives to the benefit of the society.”

Svetoslav Ivanov emphasized that the State had given up on some of its inherent functions such as healthcare, education, internal and external security and this was the reason why the activities of Overgas included a new component, namely the striving to help reduce the State’s participation in economic life.

Overgas was among the founders of the Bulgarian Network of the UN Global Compact in 2010 and, since then, the company has been part of the management of the local network. Overgas abides by and promotes the 10 principles of the Global Compact as regards human rights, labor standards, environmental protection and anti-corruption and encourages all other companies to work with responsibility to the society.