Page 172 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/25/24, 2:31 PM PRESSR: The National CSR Fund – Majra convenes fourth meeting of Board of Trustees for 2024-2026 term — TradingView News
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

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