Page 414 - MOE ENGLISH PR REPORT - JANUARY 2024

1/18/24, 3:54 PM PRESSR: UAE launches new EcoMark green accreditation framework for MSMEs — TradingView News
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 standardized 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, Switzerland, by His Excellency Dr Thani bin Ahmed

Al Zeyoudi, UAE Minister of State for Foreign Trade, during an 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.

Launching the initiative, HE Al Zeyoudi emphasized that MSMEs have

a pivotal role to play 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 customized support that

reduces time, cost and resource constraints associated with

environmental regulatory compliance.

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