GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share
  • 32 institutions have signed the Dubai Declaration so far
  • MOCCAE presented each signatory with a memorial shield of the Dubai Declaration as a recognition of their efforts and commitments 
Dubai, UAE: 12 September, 2017:  The Ministry of Climate Change & Environment (MOCCAE) organized the 1st plenary meeting for the Dubai Declaration signatories, hosted by First Abu Dhabi Bank at JW Marques Hotel Dubai and in partnership with the Central Bank of the UAE. The event was attended by His Excellency Dr. Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and representatives of UAE leading banks and financial firms who have signed the Dubai Declaration.
 
The Dubai Declaration on Sustainable Finance was launched during the UNEP FI 14th Global Roundtable, held in Dubai in October 2016, to showcase the UAE's sustainability actions and commitment to support the country's transformation towards a green economy. As of August 2017, 32 institutions have signed the Dubai Declaration. 
 
His Excellency Dr. Thani Al Zeyoudi presented each signatory with a memorial shield of the Dubai Declaration as a recognition of their efforts and commitments.
In her opening remarks, Engineer Aisha Mohamed Abdullah Al Abdooli, MOCCAE's Director of Green Development Department, gave a warm welcome to the attending Dubai Declaration signatories and praised their efforts and commitments to facilitate funding for sustainable development projects in the UAE. She also extended thanks and appreciation to First Abu Dhabi Bank for hosting the event, and then presented an update on the progress of the Dubai Declaration and what has been achieved so far with regards to the related UAE Steering Group on Sustainable Finance.
 
Al Abdooli said: “Transformation towards a green economy requires the UAE to raise the massive scale of investment in renewable energy and energy efficiency projects, as well as building green cities and infrastructure. Attracting private-sector finance is ultimately a decisive factor for the success of the UAE's sustainable development. Therefore, promoting sustainable finance practice among UAE financial institutions is placed as a key component of the UAE Green Agenda 2030.”
 
“We would like to highlight that this is your initiative and we hope to eventually see this group grow into a sector-driven, self-sustaining initiative through your active participation”, she added.
 
The event witnessed presentations of a few signatories on their latest initiatives on sustainable finance. First Abu Dhabi Bank (FAB), one of the original signatories to the Dubai Declaration in 2016, gave an update on its first ever Green Bond from the Middle East. Emirates NBD and HSBC Middle East also updated the attendees on the green auto loans program which aims to encourage customers to buy hybrid or electric vehicles.
 
Karim Karoui, Group Head of Subsidiaries, Strategy and Transformation, said: “As the UAE's largest bank and one of the world's largest financial institutions, we understand the important role that FAB – and the financial sector as a whole – has to play in supporting the UAE's green economy transformation. We are honored to be hosting this event and supporting the Dubai Declaration, which will promote and raise awareness of sustainable finance practices in line with the UAE Green Agenda 2015 -2030, and accelerate sustainable development across the country. As financial institutions throughout the UAE come together to achieve this common purpose, today's meeting marks an important milestone for our industry, nation and the wider region, and we are proud to be part of this initiative.”
 
In the second half of the meeting, the attendees discussed a proposal for moving the UAE Steering Group on Sustainable Finance forward to fulfill the commitments and support the contribution to the UAE Vision 2021, the Green Agenda and the UN Sustainable Development Goals. The proposal set three work streams which will help the Dubai Declaration signatories to learn and share best practices on particular areas of sustainable finance. Al Abdooli encouraged the signatories to take part in one or more of those work streams, and even lead one of them.
 
In the Dubai Declaration, signatories confirmed their support for the UAE Vision 2021 and endorsed the government's commitment to the Sustainable Development Goals and the Paris Climate Agreement while recognizing the role that the finance sector can play in enabling a climate-resilient and inclusive green economy and sustainable development. The signatories also declared their aims to expand and accelerate sustainable finance practices and contribute to the process of green economy transformation.



Posted by : GoDubai Editorial Team
Viewed 8845 times
Posted on : Tuesday, September 12, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : UAE youth to learn new automotive life skills from Al Jalila Cultural Centre for Children program
Next Story : Department of Economic Development - Ajman successfully runs consumer awareness campaign at China Ma...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Marchon Eyewear Summer 2018 Collections
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
24 hour Mega Sale at Dalma Mall!
Filorga introduces two new additions to its UV-BRONZE range offering a comprehen...
Purify Your Skin with Skin Republic
A Sparkling Gift Guide for Eid al-Fitr by Mouawad
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV -...
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia ...
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real ...
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision i...
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com
New open-air member of the AMG GT family
The Summer Just Got Sweeter with the New Palm Candy Collection from Max
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Acr...
All Abroad… Mobile Cinema Bus presented by Pert Plus
Tissot Chrono XL Tour de France Special Edition Cycling just got big
Skydance: The Sun – shining amid the immensity of the galaxy
Hair Rituel by Sisley Now available at Paris Gallery
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia
The Lacoste Moon Collection
Boss watches presents Master Collection
Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Mido Baroncelli - A Trilogy of Limited Editions
Summer Romance in the air with Max's new seasonal Collection
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
Celebrate Eid Al-Fitr with Emaar Entertainment
Medeor 24x7 International Hospital, Al Ain - Quran Competition
Etisalat launches the Middle East's first Apple Watch Series 3 with built-in cellular
Celebrate Eid Al Fitr at Dubai Festival City
GUESS Trend Alert | The Summer Blues
GSK distributes 8,500 ecofriendly Iftar meal bags to people across the GCC
Back to the 90s with GUESS Originals
Nikai Group supports Al Noor Centre with assistive technology devices
Kitchen Design from a Single Source: GROHE Sets Holistic Design Accents with Its...
Hormann Introduces door type V3009 for integration in conveyor systems
Beautiful Freaks
The Dubai Business Women Council enhances the skills of its members through the ...
Year of Zayed Celebrated in a Short Film Featuring Renowned Businessman and Phil...
Emirati double amputee becomes first in the region to receive 3D printed transti...
dnata acquires majority stake in baggage storage and delivery service company, DUBZ
Jawaher Al Qasimi Makes Worldwide Plea to Strike Child Labour at its Very Roots
Emirates Aviation University announces new scholarship awards
The Timekeeping Starts Now!
Maserati joins Cash & Rocket Tour 2018
FBMA Launches The Fatima Bint Mubarak Sports Library
Facebook for iPhone now available in Arabic