Page 398 - MOE ENGLISH PR REPORT - JANUARY 2024

1/18/24, 3:53 PM UAE Launches New 'EcoMark' Green Accreditation Framework for MSMEs
The UAE has announced plans to develop the first-ever sustainability

accreditation framework explicitly for micro, small and medium-sized

enterprises (MSMEs).

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 EcoMark certification, which is based on ISO standards and digitally

enabled, will include a full suite of resources to help MSMEs

attain EcoMark status, covering document requirement guidelines and a

roadmap to progress from basic to advanced levels of sustainability, and a

standardised application process and complete eligibility criterion for

accreditors in the participating countries. The framework will be overseen by a

central body headquartered in the UAE.

The initiative was announced at the World Economic Forum annual meeting

in Davos by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign

Trade, during a panel discussion titled ‘A New Trade Order: Inclusive Growth’.

The panel, which gathered ministers, policymakers, and academics to explore

means to better integrate LDCs, MSMEs, and female and youth-led

businesses into global trade, highlighted the need to help emerging

enterprises keep pace with increasing consumer demand for products and

services that comply with green standards.

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