Dubai Chamber of Commerce launches ESG label

According to Amac News: In the announcement of the Dubai Chamber of Commerce, which was developed by the Chamber's Responsible Business Center at the same time as the "Year of Sustainability" of the United Arab Emirates, this label is to help organizations assess the level of readiness and maturity of ESG, recognize and strengthen Business growth is designed.
According to the announcement, a comprehensive assessment by globally recognized ESG experts was conducted as part of the development process, which examined global and regional regulatory perspectives and reporting frameworks to identify critical factors in determining an organization's ESG maturity.
The business community was also consulted during the development phase to help shape the framework, which aligns with global best practices and aligns with local and international baselines for ESG reporting and preparedness, the release said.
Organizations of any size that have been established for at least two years are eligible to apply. Companies that successfully apply for this label will benefit from alignment with ESG best practices, improved brand image and reputation, and added value to potential investors.
The framework promotes ESG ownership in organizations by benchmarking ESG practices against key parameters and peer companies in the region and globally.
Participating organizations receive a feedback report highlighting any areas for improvement, along with a maturity level score based on their overall ESG rating. Once awarded, the Dubai Chamber of Commerce ESG label certificate is valid for one year.
ESG has emerged as a strategic priority for organizations of all sizes, creating a need for companies to integrate sustainability goals into their core business practices and operations.
This includes adopting transparent reporting standards, reducing environmental impacts, increasing social responsibility initiatives, and ensuring governance practices are aligned with ethical principles.