The CSR UAE Fund’s Board of Trustees have approved the fund’s five-year strategy during the entity’s first meeting in 2022, under the direction of Abdullah bin Touq Al Marri, the UAE Minister of Economy and chairman of CSR UAE Fund.
The CSR UAE Fund’s five-year strategy was developed to enhance the role of the UAE as a global driver for responsible investment and sustainable development in alignment with the UAE’s fifty-years strategy.
According to the state-run news agency, Wam, the CSR UAE Fund will focus on five main pillars in its five-year strategy, which include:
- the development of legislation;
- the development of policies and frameworks that govern and encourage efforts related to corporate social responsibility and sustainable impact practices;
- strengthening public-private partnerships;
- directing corporate contributions towards national priority projects in line with the sustainable development goals;
- measuring and rewarding institutional practices in this field.
He added that the fund’s strategy for the next five years include 50 programmes and initiatives designed in partnership with the private sector that will be measured according to a number of key indicators, to ensure the anticipated sustainable impact, and to assess the level of progress achieved at the state level in regard to the Sustainable Development Goals.
The CSR UAE Fund is the federal arm governing CSR and sustainable impact in the UAE by launching national priority development projects, verifying sustainable impact projects in the UAE, and measuring and awarding corporates for their practices in the field of CSR and sustainable impact that supports environmental, social, governance principles (ESGs), and sustainable development goals (SDGs).
During the meeting, the board also welcomed its newly appointed members: Fatima Tawakul, the assistant under-secretary for Support Services, Ministry of Industry and Advanced Technology, and Walid Al Naqbi as board secretary.
Follow us on
