DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has launched the DMCC Sustainability Hub, a new ecosystem to pioneer environmental, social, and governance (ESG) best practices among its member base of over 24,000 companies.
By concentrating on contemporary industry expertise, DMCC will foster a network of dedicated sustainability leaders from within its business district to drive meaningful change and impact at the global level.
This new ecosystem will aim to follow the success of other DMCC industry ecosystems in recent years and become a regional hub for knowledge and innovation in ESG. Notable companies and social enterprises including General Mills, Monjasa, Shell & Vivo Lubricants, Motif Interiors, and Evolvin’ Women have joined this week as founding members.
Ahmed Bin Sulayem Executive Chairman & CEO DMCC
“The central aim of the Sustainability Hub is to maximize the positive impact of our over 24,000 members and in the process ensure that Dubai remains center stage in the global conversation on sustainability. DMCC has long seen the value in ESG, having signed the UN Global Compact in 2017, and led global insights last year in areas such as the energy transition, the future of transport, and clean mobility on the sidelines of COP28. Establishing the Sustainability Hub is the next logical step in this journey as we provide the world’s business community with a platform to showcase their ESG credentials, share knowledge and expertise, and ultimately drive positive and meaningful change.”
In addition to providing a program of meetings, networking, and mentorship opportunities, the Sustainability Hub will offer access to finance through ESG-focused venture capital companies and accelerator programs.
According to the statement, “A bespoke loyalty program will allow members to swap points for a range of business services – including licenses and visa renewals – and fast-tracked tier status within DMCC’s own loyalty program, thereby accessing dedicated account support teams and accelerating their own commercial growth in the process.”
The Sustainability Hub will be run in partnership with C3 (Companies Creating Change), a UAE-based social enterprise empowering impact-driven entrepreneurs across the globe.
As partners, C3 will provide a comprehensive training and events program, as well as facilitate connections between Hub members and local and regional experts. Hub members will benefit from seamless access to The C3 Impact Hub, an open resource platform to inspire and catalyze purpose-driven ideas.
