As part of its efforts to implement the UAE's strategic initiative to achieve Net Zero by 2050, the Ministry of Climate Change and Environment (MOCCAE) launched the UAE Climate-Responsible Companies Pledge to increase the engagement of the private sector in the country’s decarbonization drive.
The pledge forms a nucleus of future collaboration among the private sector, NGOs, and international organizations, including Emirates Nature in association with the World Wildlife Fund (WWF), a strategic implementation partner to the pledge aiming to support private sector entities as they move towards implementing their net-zero plans
The companies have committed to stepping up their collective efforts to combat climate change by measuring and reporting their greenhouse gas (GHG) emissions in a transparent manner, developing ambitious science-based plans to reduce their carbon footprint, and sharing these plans with the UAE government to contribute to achieving the national net-zero target by 2050.
Moreover, the signatories have pledged to factor in climate change mitigation and adaptation as core values and principles of their businesses and operational models, and adopt an all-inclusive approach that engages youth, women, and vulnerable segments of society in developing their net-zero plans.
The launch of the UAE Climate-Responsible Companies Pledge is part of MOCCAE’s initiatives focused on scaling up the UAE’s climate action in response to the call of the Glasgow Climate Pact, an outcome of the 26th UN Climate Change Conference (COP26), for countries to seek higher GHG emission reduction targets.
The keen interest of companies to sign the pledge reflects the awareness of private sector entities of the serious threat of climate change and its adverse impacts on the environment, food security, water security, and public health.
To enhance efforts towards achieving this ambitious goal by 2030, MOCCAE co-hosted a real-estate focused National Dialogue for Climate Ambition (NDCA) meeting where 29 real-estate and construction companies from across the UAE signed Aldar and MOCCAE’s Real Estate Climate Pledge (the Pledge).
The 29 companies that signed the pledge specialize in design and consultancy, engineering, manufacturing, construction, energy services, and facilities services. As well as announcing decarbonization targets, the signatories will collaborate and share experience and best practices to find ways to reduce emissions across the real estate and construction sectors’ value chain. They will also share data to help improve carbon emissions accounting and reporting throughout the lifecycle of a real estate asset.
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