Today's Edition
DUBAI (ALETIHAD)
DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, announced the launch of the DMCC Sustainability Hub.
It is a new ecosystem to pioneer environmental, social, and governance (ESG) best practices among its member base which includes more than 24,000 companies.
DMCC aims to foster a network of dedicated sustainability leaders from within its business district to drive meaningful change and impact at the global level by concentrating on contemporary industry expertise.
The new ecosystem will follow in the successful footsteps of other DMCC industry ecosystems in recent years and become a regional hub for knowledge and innovation in ESG.
A number of companies and social enterprises joined this week as founding members including General Mills, Monjasa, Shell & Vivo Lubricants, Motif Interiors, and Evolvin’ Women
In addition to providing a programme of meetings, networking, and mentorship opportunities, the Sustainability Hub will offer access to finance through ESG-focused venture capital companies and accelerator programmes.
ADMCC Sustainability Hub's bespoke loyalty programme will allow members to swap points for a range of business services – including licenses and visa renewals – and fast-tracked tier status within DMCC’s own loyalty programme, thereby accessing dedicated account support teams and accelerating their own commercial growth in the process.
Executive Chairman and Chief Executive Officer, DMCC, Ahmed Bin Sulayem, said, “The central aim of the Sustainability Hub is to maximise the positive impact of our over 24,000 members and in the process ensure that Dubai remains centre stage in the global conversation on sustainability."
He continued, "DMCC has long seen the value in ESG, having signed the UN Global Compact in 2017, and led global insights last year in areas such as the energy transition, the future of transport and clean mobility in the sidelines to COP28. Establishing the Sustainability Hub is the next logical step in this journey as we provide the world’s business community with a platform to showcase their ESG credentials, share knowledge and expertise, and ultimately drive positive and meaningful change.”
Notably, the Sustainability Hub will be run in partnership with C3 (Companies Creating Change), a UAE-based social enterprise empowering impact-driven entrepreneurs across the globe.
As partners, C3 will provide a comprehensive training and events programme, as well as facilitate connections between Hub members and local and regional experts.
Members will benefit from seamless access to The C3 Impact Hub, an open resource platform with the goal to inspire and catalyse purpose-driven ideas.
It is worth noting that the Sustainability Hub is free for existing DMCC members, as long as they pass an evaluation procedure.
