Page 36 - MAJRA PR REPORT - SEPTEMBER 2024

9/16/24, 10:46 AM Majra reviews future strategies to boost private sector contributions to social development - Ras Al Khaimah News
Sarah Shaw remarked, ‘This meeting marks a key milestone for Majra, providing a platform

to discuss future strategies and build on achievements in boosting private sector

contributions to social development and sustainability. We aim to develop new
mechanisms that inspire businesses to make a lasting impact.’

The meeting reviewed Majra’s financial reports and the “Impact Index” to evaluate

performance in Environmental, Social, and Governance (ESG) domains. Over 80

sustainability-focused companies were honoured with the “Impact Seal.”

The Board outlined a forward-looking vision, emphasising the Fund’s role in mobilising

private sector contributions to national development projects. They stressed the need for

increased awareness of corporate social responsibility and sustainability, and discussed

new strategies for social responsibility issues and sustainable practices in the UAE. The
Board encouraged companies to adhere to mandatory disclosure plans on sustainability

and ESG practices.

The meeting concluded with a reaffirmation of the importance of continued public-private

sector collaboration to achieve Majra Fund’s vision of advancing sustainable development
in the UAE.

Source: Emirates News Agency

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