Page 164 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/25/24, 2:30 PM The National CSR Fund – Majra Convenes 4th Meeting of Board of Trustees for 2024-2026 Term
Sarah Shaw, Director of the National CSR Fund - Majra, said: “This meeting represents a significant
milestone in Majra’s progress, further offering a place to discuss future strategies and expand on its
achievements in enhancing private sector contributions to social development and sustainable action.

"We aspire to create new mechanisms and policies that have the potential to inspire businesses to make
a lasting social and environmental impact, further advancing our nation’s goals.”

During the meeting, the Council members reviewed Majra's financial reports along with an update on the
initiatives and projects carried out in the previous period.

In addition, the "Impact Index" was launched to assess institutional performance in Environmental, Social,
and Governance (ESG) domains, as well as the sustainable development goals of the private sector
organisations in the country.

Furthermore, over 80 prominent companies from the private sector in the field of sustainability were
recognised and honoured with the "Impact Seal".

The Board of Trustees outlined a forward-looking vision for new goals to be achieved in the coming
years, focusing on the Majra Fund’s pivotal role in mobilizing private sector contributions towards
national development projects.

They highlighted the importance of increasing awareness campaigns on corporate social responsibility
and sustainability initiatives, particularly highlighting the UAE’s commitment to these practices and their
application across various projects and programs.

A primary objective is to enhance understanding of the critical need for the effective implementation of
these initiatives across various projects and programs.

The Board further discussed recent developments in the activities of Majra’s initiatives, including the
Policy and Strategies Committee and the Projects and Funding Committee.

They examined achievements and proposed new strategies to address social responsibility issues and
promote sustainable practices in the UAE.

The members further encouraged private enterprises to adhere to Majra’s newly introduced mandatory
disclosure plans, which require companies to regularly report on sustainability practices and
Environmental, Social, and Governance (ESG) principles, ensuring the highest level of transparency.

At the conclusion of the meeting, the Board of Trustees reaffirmed the significance of continued
collaboration between public and private sector organisations.

This partnership is essential to achieving Majra Fund’s vision of advancing sustainable development in the
UAE and maintaining its leading position as a global hub for corporate social responsibility.

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