Dubai Chamber of Commerce has awarded the Dubai Chamber of Commerce Environmental, Social, and Governance (ESG) Label to 27 companies that are leading the way in the adoption of sustainable business practices. The awards were announced during the chamber's annual Sustainability Week, which runs from October 7 to 11.

 

The organisations that received the label include: Adnoc Distribution, ALEC Engineering and Contracting, Aramex, Bidfood Middle East, Canon Middle East, Chalhoub Group, China Mobile International, Commercial Bank of Dubai, DP World, Drydocks World, du, Dubai World Trade Center, Dulsco Group, Emirates Gas, Emirates NBD, Empower, Emrill Services, ENGIE, EY UAE, Innovo Group, Majid Al Futtaim, Orient Insurance, Phoenix Contact, School Transport Services, Transguard Group, Transworld Group, and Tristar Group.

 

Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented: “The Dubai Chamber of Commerce ESG Label is designed to encourage the business community to adopt and develop practices that have a positive impact on society and the environment, as well as promote good governance, by recognising participants’ efforts to advance sustainability.” 

 

ESG readiness

The Dubai Chamber of Commerce ESG Label was developed by the chamber’s Centre for Responsible Business and is designed to help organisations evaluate their ESG readiness and maturity levels and promote sustainable business growth. 

 

As part of the development process for the label, a thorough assessment was conducted by globally recognised ESG experts, who examined the global and regional regulatory landscapes and reporting frameworks to identify the critical factors in measuring an organisation’s ESG maturity. The business community was also consulted during the development phase to help shape the framework, which is aligned with global best practices and meets the local and international baseline for ESG reporting and preparedness.

 

Sustainability Week 2024 is organised by Dubai Chamber of Commerce’s Centre for Responsible Business. This year’s edition will feature a series of events aimed at enhancing the contribution of advanced technologies to sustainability efforts. The sessions will showcase the role of AI in developing practical sustainability solutions, with the goal of accelerating the adoption of sustainable business practices among the private sector.--TradeArabia News Service