Tatweer, a member of Dubai Holding, on Sunday joined the United Nations Global Compact (UNGC), the world's largest voluntary corporate citizenship initiative. With this action, Tatweer has affirmed its commitment to the 10 principles of the Global Compact in respect to human rights, labour standards, the environment, and anti-corruption within its sphere of influence.
On signing the Global Compact, Saeed Al Muntafiq, executive chairman of Tatweer said: "Tatweer is proud to be a part of the United Nations Global Compact initiative. This reflects our commitment to being a responsible business operator. The Global Compact provides an excellent forum for Tatweer to share knowledge and best practices with its peers, and we look forward to participating in this international initiative, particularly in the local GCC network."
The Global Compact has more than 4,000 members in over 120 countries. Though not a regulatory instrument, the initiative upholds public accountability and transparency. It relies on the collective co-operation of companies, labour and civil society to initiate and share substantive action in pursuing the principles on which the Global Compact is founded.
Habiba Marashi, board member of the UN Global Compact and chairperson of the Emirates Environmental Group, said: "It is very encouraging to have Tatweer join the United Nations Global Compact. Tatweer's participation will bring a more cohesive approach to corporate responsibility, extend the United Nations' global reach, and play an extremely crucial role in shaping a sustainable future for the region."