Original Article: https://esgnews.com/dubai-chamber-introduces-esg-label-to-promote-sustainable-business-practices/
The Dubai Chamber of Commerce has unveiled its new Environmental, Social, and Governance (ESG) Label, a strategic initiative to promote sustainable business practices in the region. Developed by the chamber’s Centre for Responsible Business, this label helps organizations assess their ESG readiness and maturity, providing recognition that can drive business growth.
ESG has become a strategic priority for companies of all sizes, creating a demand for integrating sustainability into core business practices. The Dubai Chamber’s ESG Label is designed to meet this need by benchmarking companies against global and regional standards.
“The Dubai Chamber of Commerce ESG Label addresses the need for a holistic approach to sustainable business practices that benefit society and the environment,” said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. “By shifting the emphasis from corporate social responsibility to ESG labelling, we aim to encourage businesses to adopt comprehensive strategies that embed sustainability into their core operations and decision-making processes.”
The ESG Label was developed with input from globally recognized ESG experts and the local business community to ensure alignment with both global best practices and local requirements. The label evaluates companies based on their ESG maturity, providing a detailed feedback report and a maturity level score. Successful applicants receive an ESG Label certificate valid for one year.
Any organization that has been established for at least two years can apply for the label. Achieving the label offers several benefits, including alignment with ESG best practices, enhanced brand image and reputation, and increased value for potential investors.
Recently, the chamber organized a virtual roadshow attended by 224 participants to introduce the ESG Label. The session covered key concepts of ESG, the development framework, and the application process, along with the benefits for businesses. More sessions are planned to foster greater engagement within the business community.
The Centre for Responsible Business, which spearheaded the initiative, continues to play a crucial role in promoting responsible and sustainable business practices in Dubai. By providing tools, platforms, and access to expertise, the centre supports companies in embedding governance, sustainability, and social responsibility into their operations, ultimately enhancing their performance and social contributions.
The Dubai Chamber’s ESG Label represents a significant step towards encouraging sustainable business practices in the region, helping companies align with global standards and improve their overall impact on society and the environment.
Related Blogs: https://caleedo.com/blogs/
Original Article: https://esgnews.com/dubai-chamber-introduces-esg-label-to-promote-sustainable-business-practices/
The Dubai Chamber of Commerce has unveiled its new Environmental, Social, and Governance (ESG) Label, a strategic initiative to promote sustainable business practices in the region. Developed by the chamber’s Centre for Responsible Business, this label helps organizations assess their ESG readiness and maturity, providing recognition that can drive business growth.
ESG has become a strategic priority for companies of all sizes, creating a demand for integrating sustainability into core business practices. The Dubai Chamber’s ESG Label is designed to meet this need by benchmarking companies against global and regional standards.
“The Dubai Chamber of Commerce ESG Label addresses the need for a holistic approach to sustainable business practices that benefit society and the environment,” said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. “By shifting the emphasis from corporate social responsibility to ESG labelling, we aim to encourage businesses to adopt comprehensive strategies that embed sustainability into their core operations and decision-making processes.”
The ESG Label was developed with input from globally recognized ESG experts and the local business community to ensure alignment with both global best practices and local requirements. The label evaluates companies based on their ESG maturity, providing a detailed feedback report and a maturity level score. Successful applicants receive an ESG Label certificate valid for one year.
Any organization that has been established for at least two years can apply for the label. Achieving the label offers several benefits, including alignment with ESG best practices, enhanced brand image and reputation, and increased value for potential investors.
Recently, the chamber organized a virtual roadshow attended by 224 participants to introduce the ESG Label. The session covered key concepts of ESG, the development framework, and the application process, along with the benefits for businesses. More sessions are planned to foster greater engagement within the business community.
The Centre for Responsible Business, which spearheaded the initiative, continues to play a crucial role in promoting responsible and sustainable business practices in Dubai. By providing tools, platforms, and access to expertise, the centre supports companies in embedding governance, sustainability, and social responsibility into their operations, ultimately enhancing their performance and social contributions.
The Dubai Chamber’s ESG Label represents a significant step towards encouraging sustainable business practices in the region, helping companies align with global standards and improve their overall impact on society and the environment.
Related Blogs: https://caleedo.com/blogs/
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