His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, witnessed the launch of the smart platform for corporate social responsibility for companies on 26th November 2019, aiming to enable the private sector to contribute effectively to the wheel of sustainable community development in the country.
This came during the work of the third session of the annual meetings of the UAE government on November 26, 2019 in the capital Abu Dhabi.
His Excellency Engineer Sultan bin Saeed Al Mansoori, Minister of Economy and Chairman of the Board of Trustees of the “National Fund for Social Responsibility” said that the smart platform for corporate social responsibility represents a unified reference for social responsibility projects with national priority related to the sustainable development goals in the country, in a way that guarantees stimulating institutional giving and enhancing the private sector’s contribution to Community development, by measuring performance indicators, organizing projects, spreading awareness and establishing new partnerships.
Ministry of Economy is always keen to establish an integral fruitful partnership with private sector to articulate the future of the national economy and maximize its role in development process,
CSR becomes an indispensable safeguard sought to be implemented and promoted by the countries all around the world to ensure greater prosperity for their people, and protect the planet and preserve the nature as well. Several definitions and concepts have emerged recently for CSR. The best known is that it refers to different forms of voluntary activities carried out by companies to achieve social and economic goals and having positive impact on general environment in which such companies operate. A more advanced concept for the term “corporate” in “CSR” expression has also emerged recently. The term exceeded profit business entities to include not only public benefit organizations but also government authorities and departments. In the light of the fast and unprecedented increased awareness on the CSR importance, the future of many organizations and entities became increasingly dependent on the extent of their compliance with implementing and practicing CSR concept in countries where they exist and operate.
In the UAE, one of the most important giving countries in the world [according to the World Giving Index (WGI)], the Government seeks a fundamental transformation in the corporate social responsibility concept, by moving beyond contribution in charitable activities to the launch of well-organized development initiatives at national level. In other words, the UAE Government aims to develop innovative sustainable development projects consistent with the UAE Strategy for Overall Development at human, social, economic and environment levels.
Strategic Goals of CSR Track