Dubai launches sustainable business label

Coinciding with the UAE’s "Year of Sustainability", Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the launch of a Environmental, Social, and Governance (ESG) Label to promote sustainable business practices.

Developed by the chamber’s Centre for Responsible Business, the label is designed to help organisations evaluate their ESG readiness and maturity levels, gain recognition and foster business growth.

As part of the development process, a thorough assessment was conducted by globally recognised ESG which examined international and regional regulatory landscapes and reporting frameworks to identify critical factors in determining an organisation's ESG maturity.

The business community was also consulted during the development phase to help shape the framework, aligned with global best practices to meet the local and international baseline for ESG reporting and preparedness.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers commented, “By shifting the emphasis from corporate social responsibility to ESG labelling, we aim to encourage businesses to adopt comprehensive strategies that embed sustainability into their core operations and decision-making processes.”

Organisations of all sizes that have been established for at least two years are eligible to apply. Companies that are successful will benefit from alignment with ESG best practices, enhanced brand image and reputation, and added value for potential investors.