Page 13 - MAJRA PR REPORT - SEPTEMBER 2024

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

-Ends-

About the National CSR Fund - MAJRA