UAE records 32% growth in green, sustainable finance
The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed.
The UAE witnessed a 32 percent year-on-year (YoY) growth in its 2022 green and sustainable finance issuing, a new report by leading consulting firm Arthur D. Little showed.
Celebrating the UAE’s Year of Sustainability and in line with COP28 objectives, a new solar park with an installed capacity of 4,382 kilowatt-peak will be constructed at Tawazun Industrial Park (TIP) in Abu Dhabi, top officials said. More than 7,600 solar panels will be installed for both rooftop and carport applications. Installation will start in the second quarter of 2023 and it is expected to be operating by the end of 2023.
The volume of government-led sustainability initiatives rolled out in the Middle East is staggering - their potential impact might be even more impressive.
The UAE has named 2023 as the ‘Year of Sustainability’ as it looks to host the COP28 climate change conference.
Compared to SMEs, under Directive 2014/95/EU, large companies have several more pieces of information to publish related to environmental and social matters,treatment of employees and respect for human rights, anti-corruption and bribery diversity on company boards (in terms of age, gender, educational and professional background).
It is increasingly fundamental for Companies and Financial players to measure and monitor their GHG emissions, a primary driver of climate change, and one of the world’s most pressing challenges .
How do you communicate your commitment and achievements within an Environmental, Social, Governance plan?
GRI (Global Reporting Initiative) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the global common language to communicate those impacts. It provides the world’s most widely used standards for sustainability reporting – the GRI Standards.
The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At its heart are the 17 Sustainable Development Goals (SDGs), which are an urgent call for action by all countries - developed and developing - in a global partnership.
UAE businesses could soon have some ESG (Environmental Social Governance) benchmarks to comply with.