The Dubai Multi Commodities Centre (DMCC), a commodities exchange and free-trade zone in the UAE, has signed a cluster of agreements to expand the services available through its recently launched Sustainability Hub.
According to the DMCC, three partnership and collaboration agreements were entered into with S&P Global Market Intelligence (SPGMI) and S&P Global Sustainable1, and sustainability platforms Earthly and Climate Essentials.
The collaboration agreement with SPGMI and S&P Global Sustainable1 will provide members with access to the S&P Global Corporate Sustainability Assessment (CSA), which is produced and issued by S&P Global Sustainable1.
It was shared that the CSA helps companies link sustainability to their business strategies and benchmark their progress against peers.
Members will also have access to its Sustainability Starter Pack to better understand how to report their sustainability performance in line with global reporting frameworks.
Climate Essentials will provide tools to calculate carbon footprints across all three scopes, in accordance with leading climate science protocols.
Meanwhile, Earthly will support members with tailored carbon management strategies and access to verified carbon offset projects via its platform.
The DMCC Sustainability Hub was launched in March 2024 and comprises a network of industry leaders from within DMCC’s business district who are reportedly seeking to drive “meaningful ESG change and impact.”
“With key resources from S&P Global’s Market Intelligence and Sustainable1 businesses, Earthly and Climate Essentials we will broaden our community’s access to critical ESG tools, in turn, ensuring that Dubai remains a central part of the conversation on addressing climate action,” said Feryal Ahmadi, Chief Operating Officer, DMCC. “By helping businesses deepen their understanding of their ESG standing and the steps they can take to reduce their carbon emissions, we significantly support the UAE’s Net Zero by 2050 ambitions.”