Dubai Commodities signs 3 agreements to develop sustainability platform services

DMCC signed a group of agreements with institutions and platforms working in the field of sustainability, to raise the level of services provided to member companies, through its “Sustainability Platform,” which it recently launched.

The center stated in a statement yesterday that it had signed three partnership and cooperation agreements with “S&P Global Market Intelligence,” “S&P Global Sustainable 1,” and the “Earthly” and “Climate Essentials” sustainability platforms, in order to enable members of the center’s sustainability platform. Have access to a range of tools, resources and networks that enhance their efforts and positive impact on ESG practices. Through these agreements, the Sustainability Platform aims to strengthen the center’s position as a leading system in the field of environmental, social and governance practices in the region, including providing exclusive prices, analyzes and information about the sector.

The platform supports member companies to implement long-term goals to reduce their carbon emissions, at a time when the benefits provided by the Center through the platform will be increased and expanded to include the entire DMCC community, which includes about 25,000 registered companies, and then expand globally.

The agreement with S&P Global Market Intelligence and S&P Global Sustainable 1 provides members with access to the “Corporate Sustainability Assessment” tool, which is issued and developed by “Sustainable 1.” This tool enables companies to measure their progress compared to their peers in the sector.

In turn, Climate Essentials provides advanced tools to calculate the carbon footprint, in accordance with the latest scientific protocols approved in the field of climate.

Earthly will support its members through customized carbon management strategies, in addition to providing access to documented carbon offset projects through its own platform, giving them the opportunity to invest in effective and highly credible natural solutions.

The center’s chief operating officer, Faryal Ahmadi, said: “We seek to benefit from the key resources provided by the (Market Intelligence) and (Sustainable 1) units at S&P Global, in addition to support from institutions such as (Earthly) and (Climate Essentials). To enable our community’s companies to have broader access to the main tools that contribute to enhancing their performance in the field of environmental, social and governance practices.