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Home: News Wire
From left to right:  Habiba Al Marashi, Chairperson, Emirates Environmental Group and Board Member of United Nations Global Compact; Nicola Clarke, Environmental Advisor, Sabban Property Investments; George Kell, Executive Director, United Nations Global Compact
Sabban Property Investments signs ‘UN Global Compact’
Author: Property World Middle East Wednesday, April 16, 2008 at 04:59
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Sabban Property Investments (SPI) has announced that the CEO - Issam Al Sabban has signed in support of the United Nations Global Compact (UNGC) in a bid to further strengthen its CSR initiatives and demonstrate leadership in responsible business practices within its sphere of influence.
Issam Al Sabban’s signatory was acknowledged during the launch of the GCC Global Compact Network held at the Dusit Dubai and organised by Emirates Environmental Group (EEG). It was held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, was attended by George Kell, Executive Director, UNGC, in addition to more than two hundred high profile delegates from governments, dignitaries, business leaders and key representatives of civil society and the academic sectors.

The UNGC is the largest CSR network in the world and was initiated by Kofi Annan, former Secretary-General of the UN, as a platform to engage the private sector in positive global corporate practices. The Global Compact has encouraged thousands of influential global businesses to implement corporate strategies tackling human rights, labour, environment, transparency and anti-corruption issues.

“Business leaders have a newfound responsibility in modern society and that is to communicate and demonstrate real intentions to improve the conditions we work in, it is no longer acceptable to concentrate solely on the bottom line. The impact of organisations of all sizes, affects far more than just local economy. Today we must concentrate on a ‘triple-bottom-line’ of profit, people and the planet,” said Issam Al Sabban, CEO, Sabban Property Investments. “By publicly advocating the Global Compact and joining its GCC network, we are adding strength and conviction to our values, which have been the foundation of our business processes since we started our operations. We are sure that this effort clearly demonstrates to our clients, peers and stakeholders our firm stance on responsible business practices.”

“By participating in the global compact and voluntarily aligning our own principles with the UN’s universal values and sustainability objectives, we can accomplish more than we would alone. It is a great opportunity to share our own knowledge experience and case studies with other like-minded business leaders, from whom we can also learn a great deal from. Our communication on progress to the UN will demonstrate transparency and provide us with focus and support for our drive for long terms sustainability not only for our CSR initiatives but for our business as well. We expect our strong ties with these organisations and the UN to be highly transparent and provide us with adequate focus and support for our long term sustainability efforts,” added Al Sabban.


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Last updated Thursday, July 17, 2008 at 02:25, Dubai (UAE).


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