DAMAC Joins UN Global Compact Initiative

DAMAC Joins UN Global Compact Initiative

DAMAC has joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.

With this announcement, DAMAC joins other companies globally committed to taking responsible business action to create the world we all aspire to.

The UN Global Compact is a call to global companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 local networks.

“In line with our commitment to sustainability and sustainable principles, we are proud to have joined the UN Global Compact initiative which acts as a natural transition that aligns with our goals and vision,”

said Hussain Sajwani, Founder and Chairman of DAMAC.

“DAMAC will strive to work towards safeguarding our communities, assets, work force and stakeholders in order to foster a diverse and inclusive workplace, supporting our communities, and promoting transparency, accountability and ethical practices across our organisation,”

he added.

DAMAC has been mindful of adapting to environmentally-friendly features, and aim to incorporate sustainable building practices into its planning and construction phases.

Since April 2023, DAMAC’s Board of Directors has been increasingly focused on ESG matters and the accession to the UN Compact Initiative is a tribute to DAMAC’s commitment to ESG.

As builders and professionals in the construction and real estate sectors, we believe it is our responsibility to engage with and implement best building practices that pave the way for safer future generations.

We encourage you to visit our profile on the UN Global Compact website and learn more about our latest sustainability work.

DAMAC supports the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption. The Company express the commitment to making the UN Global Compact and its principles part of the strategy, culture and day-to-day operations of our company, and to engaging in collaborative projects which advance the broader development goals of the United Nations, particularly the Sustainable Development Goals.

News Source: DAMAC Properties

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