Page 74 - MAJRA PR REPORT - SEPTEMBER 2024

9/13/24, 12:44 PM PRESSR: The National CSR Fund – Majra convenes fourth meeting of Board of Trustees for 2024-2026 term — TradingView News
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

-Ends-

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