The Dubai Multi Commodities Centre (DMCC), a prominent free zone and government authority on commodities trade, has announced the launch of the DMCC Sustainability Hub. This initiative signifies a commitment to fostering environmental, social, and governance (ESG) best practices within its vast member base exceeding 24,000 companies.
The Hub aspires to become a regional leader in ESG by establishing a collaborative ecosystem. It will leverage the combined expertise of its members to drive impactful and sustainable change on a global scale. The launch reflects DMCC's longstanding dedication to ESG principles, as evidenced by their commitment to the UN Global Compact since 2017.
A core function of the Hub lies in building a network of sustainability champions from member companies. This network will serve as a platform for knowledge sharing, mentorship, and collaborative action towards achieving ESG goals. The Hub will curate a program of meetings, networking events, and mentorship opportunities to facilitate these connections.
Furthermore, the Hub recognizes the critical role of access to finance in propelling sustainable business practices. It will bridge this gap by connecting members with ESG-focused venture capital firms and accelerator programs. This will empower companies to secure funding for their sustainability initiatives.
Uniquely, the DMCC Sustainability Hub offers a compelling membership package brimming with benefits. Members will accrue points through their engagement with the Hub's initiatives. These points can be redeemed for a range of valuable business services, including licenses and visa renewals. Additionally, a tiered loyalty program provides members with the opportunity to expedite their advancement within the DMCC's existing loyalty program. This translates to advantages such as dedicated account management and accelerated business growth.
The launch of the DMCC Sustainability Hub has garnered significant interest, attracting prominent names like General Mills, Monjasa, Shell & Vivo Lubricants, Motif Interiors, and Evolvin' Women as founding members. Their participation underscores the growing commitment to ESG principles within the business community.