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UAE Freezones Biz News Updates
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DMCC 1st free zone in UAE to join UN Global Compact sustainability
initiative
DMCC committed to the UN Global Compact in August 2017 to encourage
responsible business practice throughout the entire value chain.
DMCC, the leading Free Zone for commodities trade and enterprise in Dubai,
announced today it is the first Free Zone in the UAE to commit to the
world’s largest corporate sustainability initiative, the UN Global Compact.
Founded in the year 2000, the UN Global Compact is a United Nations
initiative to encourage businesses worldwide to adopt sustainable and
socially responsible policies, and to report on their implementation and
progress.
DMCC committed to the UN Global Compact in August 2017 to encourage
responsible business practice throughout the entire value chain ranging from
its DMCC Free Zone, home to over 14,100 companies, its Jumeirah Lakes Towers
District with over 92,500 people, and from its property developments through
to its trade facilitation for key commodities sectors such as precious
metals, diamonds, tea, coffee, and the food and the agri-trade.
Speaking on the occasion, Mahmoud Hesham El Burai, the United Nations Global
Compact UAE Network Representative, said, "We applaud DMCC’s leadership in
prioritising sustainability in their marketplace. DMCC is the first of all
free zones throughout the UAE to become signatories to the UN Global Compact
UAE Network. Through this leadership, they are setting a precedent
throughout the country on the sustainability agenda. My hope is that this
partnership will foster a community of business embracing sustainability,
which is in aligned with the UAE’s 2021 Vision." The DMCC and UN Global
Compact partnership announcement follows a series of meetings between the
two entities. In September this year, Ahmed Bin Sulayem, DMCC’s Executive
Chairman, and Gautam Sashittal, DMCC’s Chief Executive Officer, attended the
UN Global Compact CEO roundtable and the UN Private Sector Forum in New
York.
"Working with Global Compact will allow DMCC as the first ever Free Zone to
foster sustainable growth by delivering to the UN’s sustainable development
goals on a national and international scale. In line with our robust
regulatory platforms and work to support producing nations such as Africa,
DMCC believes that Corporate Social Responsibility is critical in making the
future of trade better and an obligation for all of us," said Bin Sulayem.
Earlier this month, Sir Mark Moody-Stuart, Vice Chairman of the Global
Compact, addressed an audience of over 350 global diamond experts on the
importance of the Global Compact at DMCC’s Dubai Diamond Conference.
November 26, 2017 |
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Courtesy Emirates News Agency
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