Page 379 - MOE ENGLISH PR REPORT - JANUARY 2024

1/18/24, 3:50 PM UAE launches new 'EcoMark' green accreditation framework for MSMEs
Launching the initiative, Al Zeyoudi emphasised that MSMEs have a pivotal role in driving
the transition toward a lower-carbon economy. However, the contribution of MSMEs such

as those run and operated by underrepresented groups including women and youth can

only be unlocked through targeted and customised support that reduces time, cost and
resource constraints associated with environmental regulatory compliance.

Al Zeyoudi said, “Accounting for almost 90 percent of global businesses, MSMEs must

have full access to the global trading system if our vision of a more sustainable and
equitable global economy is to be realised. These enterprises are also important agents of

change, with the flexibility and singularity of focus required to drive sustainability across
value chains.

The development of the EcoMark Global Accreditation as an accessible and universally

recognised platform will help them both find and compete in new markets around the
world, and meet the growing demand for sustainable products and services.”

Al Zeyoudi said the announcement builds on the progress made at COP’s first ever Trade
Day held in Dubai last month, where the UAE hosted a series of critical conversations on

the contribution of trade to the climate change challenge. As Chair of the WTO’s 13th

Ministerial Conference (MC13) in Abu Dhabi in February, he said EcoMark underlines the
UAE’s commitment to multilateralism and the desire to deliver full and equal access to the

global trading system.

The World Economic Forum Annual Meeting 2024 in Davos is taking place under the
theme “Rebuilding Trust” and has brought together government and business leaders to

engage in constructive, forward-looking dialogues and help find solutions through public-

private cooperation.

SME
UAE
SUSTAINABILITY

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