Bahrain's Danat enters big league; gets UN Global Compact membership
MANAMA, June 22, 2024
The Bahrain Institute for Pearls and Gemstones (Danat) has announced that it has secured its membership in the United Nations Global Compact initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
This strategic collaboration comes at a time when sustainable practices are impacting consumer choices, and it’s an affirmation of Danat’s commitment to sustainable practices and responsible business conduct, integrating sustainability principles into every facet of its operations, from supply chains and internal protocols to community engagement endeavours.
On the key achievement, Danat CEO Noora Jamsheer said: "We are extremely proud of this significant milestone. Our membership in the United Nations Global Compact represents Danat's ongoing efforts towards a brighter and more sustainable future for all."
"We aspire for Danat to play a pivotal role in advancing the Sustainable Development Goals crucial for attainment by 2030. This underscores our commitment to spearheading initiatives that promote environmental stewardship and foster the adoption of eco-friendly technologies," she stated.
A prestigious institution, Danat was established in 2017 under the aegis of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of Bahrain.
It was formed as a wholly owned subsidiary of the Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom. Its vision is to become the world’s preferred institute for natural pearls and gemstones’ third-party verification services and scientific research.
According to her, Danat has made significant contributions to enhancing Bahrain's standing as a premier destination for pearls and gemstones.
"Its constant commitment to advancing the Sustainable Development Goals underscores its dedication to responsible business practices. Danat is fully committed to this endeavour and will diligently work to expedite its positive impact by fostering resilience to climate change, conserving resources, and promoting inclusivity," she added.-TradeArabia News Service
