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1/18/24, 3:51 PM UAE launches sustainability accreditation framework for small, medium businesses | Markets – Gulf News
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Dubai: The UAE, on Wednesday, announced plans to develop the first-ever
sustainability accreditation framework exclusively for micro, small and medium-sized
enterprises (MSMEs).
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The EcoMark Global Accreditation has been designed to boost the competitiveness of
MSMEs in the global green economy by streamlining and standardising the regulatory
processes surrounding sustainability benchmarking worldwide, the UAE Media Office
has said.
UAE Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi, launched
and announced details about the initiative at the ongoing World Economic Forum in
Davos, Switzerland.
The EcoMark certification is based on ISO standards and is digitally enabled. It will
include a full suite of resources to help MSMEs attain the EcoMark status. It covers
document requirement guidelines and a roadmap to progress from basic to advanced
levels of sustainability. It also includes a standardised application process and
complete eligibility criteria for accreditors in the participating countries. The
framework will be overseen by a central body headquartered in the UAE.
Al Zeyoudi said, “The development of the EcoMark Global Accreditation as an
accessible and universally recognised platform will help MSMEs find and compete in
new markets around the world and meet the growing demand for sustainable products
and services.”
Al Zeyoudi said MSMEs are pivotal in transitioning 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.
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