E& joins UAE Independent Climate Change Accelerators as the first private sector member | |
Staff Writer |
As part of its participation in COP27, the 27th Conference of the Parties to the UN Framework Convention on Climate Change, currently taking place in Egypt, e& (formerly known as Etisalat Group), the global technology and investment conglomerate, signed a significant Memorandum of Understanding (MoU) with the UAE Independent Climate Change Accelerators (UICCA) on 10 November at the UAE Pavilion.
Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Executive Director of UICCA, said: “As the driving force towards actualising the UAE’s commitment to net zero by 2050, UICCA’s mission is to enable and energise an ecosystem of public and private entities that have shared values and a joint vision of building a sustainable future.”
Sheikha Shamma added,“Today’s signing with e& at COP27, as the first private sector entity to join the UICCA, is a tremendous achievement that depicts our progress towards our climate action aspirations, and we look forward to partnering together and pushing forward with our goals to preserve natural ecosystems for future generations.”
Sheikha Shamma concluded by stating, “This marks the beginning of the UICCA’s concentrated efforts towards supporting the UAE’s sustainable solutions commitment, as well as the acclaimed actions and efforts that have already been undertaken by the Egyptian presidency as part of our concerted efforts towards the ‘Decade for Action”.
“I sincerely look forward to working in close cohesion with all of our peers within the global sustainability community and achieving tangible outcomes here at COP27 and COP28 UAE.” “Sustainability is at the heart of everything we do, and we believe that tangible sustainable goals are essential to ensure a better future for generations to come” said Hatem Dowidar, Group CEO, e&. “Today, we have taken an important step forward in visualising our sustainability strategy and supporting the UAE’s net zero climate action ambitions, and we remain confident that the signing of the MoU will become a catalyst for making the difference as we inspire and motivate other corporates and organisations to drive the necessary change.” “The telecoms sector has always been a key enabler for other sectors to achieve their sustainability goals. Together with UICCA, we will create an action group that will drive implementation of sustainability-based solutions in UAE’s ICT industry.”
The United Nations Intergovernmental Panel on Climate Change (UICCA) is a non-governmental organisation that serves as a think tank, advising governments and businesses on climate policy based on scientific data. To help the region transition to a green economy, UICCA will endeavour to build industry coalitions across sectors in order to boost GDP growth, create more jobs, and further establish the United Arab Emirates as a centre for excellence in ESG practises (ESG). UICCA is the first organisation of its kind in the Middle East, bringing together public and corporate sectors, as well as international organisations, universities, and non-governmental organisations (NGOs) to discuss issues of sustainability. The organization's goal is to push for net-zero energy use in the UAE by 2050 by providing important stakeholders with unbiased counsel, policy research, and recommendations based on data. Included in this will be recommendations on how the United Arab Emirates may take constructive climate action in the run-up to COP28 and beyond in order to reduce the country's exposure to climate-related risks. As of February 23, 2022, Etisalat Group will be known as e& instead of Etisalat. Its plan is to speed up expansion by constructing a solid business model that encapsulates the Group's core operations. Upholding the Group's rich telecoms heritage, fortifying the robust telecoms network, and maximising value for the Group's numerous client groups, etisalat by e& continues to lead the telecoms business in the UAE, its home market, and e& international in the global markets.