{"id":41148,"date":"2023-05-08T16:57:41","date_gmt":"2023-05-08T13:57:41","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=41148"},"modified":"2026-03-28T03:13:20","modified_gmt":"2026-03-28T00:13:20","slug":"damac-real-estate-development-limited-damac-joins-un-global-compact-initiative","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/damac-real-estate-development-limited-damac-joins-un-global-compact-initiative\/","title":{"rendered":"Damac Real Estate Development Limited (DAMAC) Joins UN Global Compact Initiative"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>The programme aims to<em>&nbsp;<\/em>take action in support of UN goals and issues embodied in the Sustainable Development Goals<em><\/em><\/li>\n\n\n\n<li>DAMAC joins global network of committed companies to take responsible business action for a better world<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Dubai, UAE, May 8, 2023:<\/strong>&nbsp;DAMAC&nbsp;has joined the United Nations Global Compact initiative \u2014 a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/Image-1-UN-Global-Compact-Logo_ssict_873_1000.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"873\" height=\"1000\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/Image-1-UN-Global-Compact-Logo_ssict_873_1000.webp\" alt=\"Image 1 - UN Global Compact Logo_ssict_873_1000\" class=\"wp-image-41150\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/Image-1-UN-Global-Compact-Logo_ssict_873_1000.webp 873w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/Image-1-UN-Global-Compact-Logo_ssict_873_1000-262x300.webp 262w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/05\/Image-1-UN-Global-Compact-Logo_ssict_873_1000-768x880.webp 768w\" sizes=\"(max-width: 873px) 100vw, 873px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">With this announcement, DAMAC joins other companies globally committed to taking responsible business action to create the world we all aspire to.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UN Global Compact is a call to global companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 70 local networks.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIn line with our commitment to sustainability and sustainable principles, we are proud to have joined the UN Global Compact initiative which acts as a natural transition that aligns with our goals and vision,\u201d said Hussain Sajwani, Founder and Chairman of DAMAC. \u201c<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cDAMAC will strive to work towards safeguard our communities, assets, workforce and stakeholders in order to&nbsp;foster a diverse and inclusive workplace, supporting our communities, and promoting transparency, accountability, and ethical practices across our organisation,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DAMAC has been mindful of adapting to environmentally-friendly features and aims to incorporate sustainable building practices into its planning and construction phases.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>In April this year, a Board of Directors was established to improve the leadership structure and administrative roles necessary for effective governance and management of the company that included aligning DAMAC business practices with the United Nations Global Compact initiative.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, the Company is currently all set to be awarded a LEED gold certification for its third and latest master community, DAMAC Lagoons, aspiring to be the first in the UAE to do so.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Working in tandem with processes to align energy, environment, and sustainability is an ongoing process at DAMAC. As builders and professionals in the construction and real estate sectors, the Company believes it is their responsibility to engage with and implement best building practices that pave the way for safer future generations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a participant of the initiative, we encourage you to visit&nbsp;<a href=\"https:\/\/unglobalcompact.org\/what-is-gc\/participants\/157789-Damac-Real-Estate-Development-Limited\">our profile<\/a>&nbsp;on the UN Global Compact website and learn more about our latest sustainability work<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai, UAE, May 8, 2023:&nbsp;DAMAC&nbsp;has joined the United Nations Global Compact initiative \u2014 a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.&nbsp; With this announcement, DAMAC joins other companies globally committed to taking responsible business action to create the world we all aspire to.&nbsp; The UN Global Compact is a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":41149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-41148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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