DMCC Sustainability Hub indicators vary of agreements with S&P International Market Intelligence, Earthly and Local weather Necessities to bolster sustainability assist and providers for members
Members acquire privileged entry to sustainability reporting, carbon offsetting and administration instruments, industry-leading assets and networks
Agreements assist DMCC’s virtually 25,000 members set emission discount targets in keeping with UAE Web Zero 2050
DMCC – the world’s flagship free zone and Authorities of Dubai Authority on commodities commerce and enterprise – has signed a cluster of agreements with key {industry} leaders and sustainability platforms to considerably bolster the providers accessible by means of its recently-launched Sustainability Hub.
Three partnership and collaboration agreements have been entered into with S&P International Market Intelligence (SPGMI) and S&P International Sustainable1, and the main sustainability platforms Earthly and Local weather Necessities, to offer DMCC Sustainability Hub members with privileged entry to a spread of instruments, assets and networks to drive ahead ESG practices.
Via these agreements, DMCC Sustainability Hub goals to strengthen its standing because the main ESG ecosystem within the area, with a spread of unique charges, industry-leading insights and value-added providers. These will drive the Hub’s assist of members in implementing long-term emissions reductions targets in keeping with the UAE’s Web Zero 2050 ambitions, together with components specified by the Federal Decree introduced in August 2024 similar to emission discount targets, obligatory reporting, and inspiring innovation. Advantages pioneered by means of the Hub shall be scaled up and prolonged all through DMCC’s neighborhood of just about 25,000 members and finally on the international degree.
The collaboration settlement with SPGMI and S&P International Sustainable1 will present members with entry to one of many world’s main sustainability evaluation instruments, the S&P International Company Sustainability Evaluation (CSA) produced and issued by S&P International Sustainable1. The CSA helps corporations make the hyperlink between sustainability and their enterprise methods and benchmark their progress in opposition to friends. Members can even have the ability to higher perceive learn how to report their sustainability efficiency in keeping with international reporting frameworks utilizing its Sustainability Starter Pack.
Local weather Necessities will present instruments to calculate carbon footprints throughout all three scopes, in accordance with main local weather science protocols, on an accessible and easy-to-use platform that democratises entry to vital ESG information for SMEs and entrepreneurs.
In the meantime, Earthly will assist members with tailor-made carbon administration methods and entry to verified carbon offset tasks through its platform, enabling them to spend money on high-integrity nature-based options that take away carbon, restore biodiversity, and assist native communities.
Feryal Ahmadi, Chief Working Officer, DMCC, mentioned: “We launched the DMCC Sustainability Hub with the purpose of maximising the optimistic impression throughout DMCC’s neighborhood of just about 25,000 members. With key assets from S&P International’s Market Intelligence and Sustainable1 companies, Earthly and Local weather Necessities we’ll broaden our neighborhood’s entry to vital ESG instruments, in flip, making certain that Dubai stays a central a part of the dialog on addressing local weather motion. By serving to companies deepen their understanding of their ESG standing and the steps they’ll take to cut back their carbon emissions, we considerably assist the UAE’s Web Zero by 2050 ambitions.”
Lorenzo Curci, Co-founder and CCO of Earthly, mentioned: “We’re delighted to associate with DMCC Sustainability Hub on this newest pioneering settlement. Nature-based options, similar to reforestation, wetland restoration, and regenerative agriculture, are vital within the struggle in opposition to local weather change. In line with the IPCC, these approaches may present as much as one-third of the emissions reductions wanted by 2030 to maintain international warming under 1.5°C. By prioritising nature-based tasks, Earthly not solely helps corporations meet their sustainability targets but additionally contributes to the worldwide effort to fight local weather change, shield ecosystems and create a extra resilient planet for future generations.”
Daniela Menzky, Founder and CEO of Local weather Necessities, mentioned: “We’re overjoyed to be a part of the DMCC Sustainability Hub. Since Local weather Necessities was based in 2019, now we have been relentlessly striving to make sure that organisations have the instruments to assist their local weather and decarbonisation ambitions. Our partnership with DMCC permits us to proceed that mission in one of the vital thrilling markets on the planet proper now. We look ahead to supporting any and all companies within the Hub by means of our platform, assets and consultancy assist, in order that the {industry} leaders in Dubai and the broader area are greatest positioned to fight the local weather pressures that we collectively face.”
Launched in March 2024, the DMCC Sustainability Hub is a community of {industry} leaders from inside DMCC’s enterprise district who collectively drive significant ESG change and impression. Alongside a programme of conferences, networking and mentorship alternatives, the Hub presents entry to finance by means of ESG-focused enterprise capital corporations and accelerator programmes. It’s run in partnership with C3, a UAE-based social enterprise.
Observe Emirates 24|7 on Google Information.