Page 29 - MAJRA PR REPORT - OCTOBER 2024

This comes as part of the endeavours of MAJRA, which establishes the framework and
governance for Sustainable Impact and Corporate Social Responsibility (CSR) in the UAE to
consolidate the UAE’s world-leading position in social responsibility and sustainability
initiatives by maintaining active partnerships with government sector organisations. The
Fund also urges private sector companies to play a pivotal role in this process.

Sarah Shaw, Director of the National CSR Fund – MAJRA, said: “We aim to expand the
possibilities of social impact by promoting sustainable practices among the largest possible
segment of private sector, helping them become more aware of their immense social
responsibility and key role in driving the growth and prosperity of the national economy.

"In this light, we constantly try to empower organisations involved in the Social Impact Seal
project by highlighting positive aspects that are reflected in these companies’ focus on
social, environmental and developmental components of their respective industries.

"In order to attain this, we look forward to reinforcing our cooperation with more firms
and institutions and inspiring them to consolidate their commitment to social
responsibility practices.”

Furthermore, Shaw highlighted the pivotal role of the UAE’s economic development
departments in supporting MAJRA’s efforts to promote social responsibility disclosures
from the country’s private sector enterprises, which is one of the key axes linked to
strategic data initiatives for social responsibility.

She further stated that the latest meetings held with representatives of economic
departments focused on the necessity to establish clear and transparent mechanisms
associated with the disclosure of efforts made to achieve social impact in a way that boosts
the confidence of society and investors in institutions that adhere to these principles.

The Social Impact Seal is one of the most significant initiatives launched by MAJRA. It urges
private sector companies to make vital contributions to the UAE’s social responsibility
system through a certificate of appreciation.

It is provided to companies that showcased dedication to high standards in terms of social
responsibility and transparently revealed the impact of their efforts on society and their
substantial contributions to attaining the objectives of sustainable growth strategy of the
country.

The Social Impact Seal also inspires others to adopt CSR policies and practices in the UAE.

https://www.sustainabilitymenews.com/environmental-social/majra-underscores-importance-of-
adopting-sustainability-disclosures-by-private-sector