Dubai Chambers Partners With Ahya Technologies To Enhance ESG Standards And Sustainability Efforts

Dubai Chambers has entered into a Memorandum of Understanding (MoU) with Ahya Technologies, an AI-focused sustainability firm. This partnership aims to promote responsible business practices across various sectors and assist the business community in adopting environmental, social, and governance (ESG) standards. The collaboration is set to enhance the capabilities of companies awarded the Dubai Chamber of Commerce ESG Label.

The agreement between Dubai Chambers and Ahya Technologies will help businesses achieve their sustainability objectives and progress towards net-zero emissions. It aligns with Federal Decree-Law No. (11) of 2024 on Limiting the Effects of Climate Change and supports the UAE’s Net Zero by 2050 Strategic Initiative. This initiative underscores the importance of transitioning from voluntary sustainability practices to mandatory compliance.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, expressed commitment to promoting sustainable practices among companies in Dubai. He stated: "We remain committed to encouraging companies in Dubai to adopt sustainable practices that enhance their efficiency and long-term competitiveness. Dubai Chambers is dedicated to empowering the emirate’s business community and supporting its transition towards more sustainable operations, reinforcing Dubai’s position as a leading global destination for governance and corporate responsibility."

Salaal Hasan, Founder and CEO of Ahya Technologies, highlighted the shift in emissions management due to new legal requirements. He said: "In light of the UAE’s Net Zero by 2050 Strategic Initiative and the introduction of the landmark Federal Decree-Law No. (11) of 2024 on Limiting the Effects of Climate Change, we are embracing the shift in emissions management and sustainability reporting from a voluntary practice to a legal requirement for all companies. Our commitment to sustainability innovation and leadership has never been more critical."

Ahya Technologies is committed to providing solutions that enable enterprises to measure, analyse, reduce, and report their emissions effectively. Hasan added: "We are proud to partner with Dubai Chambers to empower enterprises with the solutions needed to measure, analyse, reduce and report their emissions. Together, we are reimagining sustainability from compliance to a competitive advantage. We look forward to working closely to accelerate the transition to net zero with accuracy, transparency, and economic growth."

The MoU outlines plans for launching projects that encourage ESG practices through exclusive incentives for companies holding the Dubai Chamber of Commerce ESG Label. This includes developing tailored toolkits as knowledge resources aimed at enhancing these companies' capabilities.

This collaboration marks a significant step towards integrating sustainability into business operations in Dubai. By focusing on ESG standards, both parties aim to foster an environment where businesses can thrive while contributing positively to environmental goals.

With inputs from WAM