Page 53 - MAJRA PR REPORT - SEPTEMBER 2024

9/13/24, 12:40 PM The National CSR Fund – Majra convenes fourth meeting of Board of Trustees for 2024-2026 term
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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