Sama Dubai, the international real estate investment and development arm of Dubai Holding, on Wednesday announced it has joined the United Nations Global Compact (UNGC) GCC States network, committing to align its business operations to the UNGC principles.
Sama Dubai was one of the founding members of UNGC when the initiative was set up in 2006 to encourage businesses to adopt sustainable and socially responsible policies. Under the compact, companies are brought together with United Nations agencies, labour and civil society groups.
The concept received further boost with the launch of the UNGC's GCC States network earlier this month.
At the launch, Sama Dubai was awarded, along with 17 other companies in the region, for its pioneering role in bringing the UN initiative to the region.
As a member of the UNGC and its GCC States network, Sama will align its corporate social responsibility strategy with 10 universally accepted principles in human rights, labour, environment and anti-corruption.
Executive Chairman Farhan Faraidooni said: "We are a socially responsible entity dedicated to continuous improvement, while opening the doors for our employees to achieve enhanced performance excellence. Our presence in the UNGC and its GCC network will contribute to the improvement of our Corporate Social Responsibility management, as well as boost employee morale, productivity, and operational efficiencies."
Sama Dubai will annually issue a Communication on Progress report to demonstrate the success achieved in the integration of the 10 principles into its business activities and the organisation's support of the broader UN goals.
Dubai Holding was launched in 2004 to consolidate the various mega projects in Dubai that were created over the past five years.