Aurora joins the UN Global Compact
In January 2024, the Aurora Multimarket retail chain became a participant in the UN Global Compact, the world’s largest community of responsible businesses. The company committed to adhering to the Ten Principles of the UN Global Compact in four areas: human rights, labor, environment, and anti-corruption.
Aurora is the largest one dollar store format retail chain in Ukraine. It started its operations in 2011 in Poltava, where its central office is still located. The network has been growing at an average rate of over 50% per year and currently comprises over 1300 retail outlets.
In this format, Aurora has become the most competitive and efficient by constantly striving for maximum efficiency in building its business processes.
Despite the war and other challenges, Aurora continues to expand, opening new stores in Ukraine (over 460 new outlets in 2023) and Romania (6 stores). Currently, the company employs approximately 11,000 people. The multi-market network has successfully invested over 700 million UAH in business development, launching new distribution centers, and expanding its operations.
In 2023, Aurora successfully passed an audit by one of the Big Four companies, demonstrating high ethical business standards in its segment.
The key task of the company is the development of local producers and support for Ukrainian business. In particular, over 400 Ukrainian manufacturers sell their goods in the Aurora network, with a total turnover of over 10 billion UAH, ensuring the stability of their business during the war.
In 2023, Aurora Multimarket paid over 3.2 billion UAH in taxes and fees to the budgets of all levels. This is an important contribution to the country’s economy and significant support for the Armed Forces of Ukraine.
From the beginning of the full-scale war in Ukraine until December 31, 2023, the company provided charitable assistance totaling over 156 million UAH:
- over 144 million UAH – for the needs of the Armed Forces;
- over 24 million UAH – to support communities;
- over 13 million UAH – for educational projects;
- over 5 million UAH – for hospitals, etc.
Even despite the war and other challenges, Ukrainian retail can be competitive, and the Aurora multi-market network has once again proven this. Therefore, the company plans to continue growing in 2024, supporting Ukrainian producers and expanding its business both in Ukraine and Romania and other EU countries. The expected amount of investment in the Ukrainian economy next year is over 500 million UAH. Additionally, over 3500 new jobs will be created. As non-financial goals, the company aims to create an inclusive space by increasing the inclusivity of its premises and stores, and to transform the working conditions and environment of the company to be friendly to veterans in line with the best global practices.
By joining the UN Global Compact, Aurora has committed to incorporating its principles into its strategy, culture, and daily operations, as well as promoting the achievement of the UN Sustainable Development Goals. Among 17 Goals, the company has identified the following as its priorities:
- Goal 1: No Poverty
- Goal 5: Gender Equality
- Goal 7: Affordable and Clean Energy
- Goal 8: Decent Work and Economic Growth
- Goal 12: Responsible Consumption and Production
- Goal 17: Partnerships for the Goals
Share news:
