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The “World with Purpose” summit highlights the UAE’s position as a global force driving sustainable impact.
The inaugural “World with Purpose” summit will be held from November 7 to 8 at the “Jebel Ali Beach Resort” hotel in Dubai under the theme “Emergence of an Economy with Global Impact”. There is an urgent need to raise awareness of purpose and sustainable practices, to integrate economic business efforts with social and environmental goals, and to highlight the UAE’s position as a global force driving sustainable impact. Al Balushi is an environmental consultant and strategic partner at Kaya Consulting.
The inspiration behind creating the “World with Purpose” summit series is centered on a goal or message, which is to enable global prosperity by promoting purpose-driven businesses and creating a paradigm shift in the minds of business leaders. Inclusive, Fair and Regenerative Economies.”
The summit is being held under the auspices of the UAE Ministry of Economy and in association with Majra, the National Fund for Corporate Social Responsibility.
Ayesha added: “World with Purpose” summit series is our small contribution towards creating a better world. We believe that by bringing business leaders to this important dialogue, we can coordinate action in line with the United Nations’ Sustainable Development Goals and make an impactful change. Furthermore, our initiative aligns with the UAE’s strategic objectives, by promoting collaboration between the private and public sectors, building a sustainable and inclusive society, and supporting the UAE’s 2071 vision to become the best country in the world. It focuses on a group of key areas including economy, education, social cohesion, environment and sustainability. Ultimately, our goal is to empower organizations to be drivers of positive change and prosperity for a more just and sustainable world.
The inaugural edition of the summit revolved around two main topics. The first focuses on purposeful leadership or leadership based on the concept of purpose, emphasizing the importance of leaders who are guided by a clear purpose. These leaders inspire their organizations to work toward goals that benefit society and the planet, demonstrating the ability to create positive change.
The second theme focuses on adapting businesses to achieve impact for both society and the planet, and in this sense it goes beyond profit, emphasizing the need for companies to change their practices, strategies and operations to prioritize social and environmental well-being. Therefore, this theme encourages organizations to adopt sustainable practices and recognize their role in addressing global challenges.
Ayesha explained, “Summit attendees will experience two exciting days of insightful and inspiring talks and interactive workshops, apart from thought-provoking discussions and networking opportunities. Attendees can expect a dynamic and enriching experience, punctuated by a packed schedule of talks and discussions aimed at fostering dialogue around the need for organizations to become forces for good. The summit also highlighted the importance of impact investing in achieving the Sustainable Development Goals. The event serves as a platform to advance the agenda of targeted business leadership and climate action, build momentum towards the COP28 conference hosted by the UAE, and emphasize the role of targeted companies in addressing and creating climate challenges. A sustainable future.”
The Summit facilitates meaningful partnerships for change. This is done by bringing together thought leaders, executives, young leaders, policy makers and academic partners, creating opportunities for communication and promoting collaboration among participants. Additionally, the summit will serve as a platform to exchange innovative ideas on best practices, case studies and sustainable business practices.
The summit features a panel of inspirational speakers and thought leaders, carefully selected to inspire business leaders to rethink the role of business to become a force for good. These speakers will address a variety of topics such as purpose economies, responsible financial management, sustainable development, innovation, the role of technology in economic growth, the potential of the world’s smallest nations, innovative business models and conditions for leaders. To enable global prosperity.
Aisha noted, “The future of business and purpose-driven leadership in the UAE foreshadows significant growth and change. I strongly believe that destination will become the new sustainability, and this change is driven by an increasingly conscious consumer base. The latter serves as an incentive to encourage the private sector in the UAE to adopt more responsible practices.” . We also note that in line with the UAE’s commitment to the United Nations Sustainable Development Goals, the true power of business has the potential to be a force for good.”
Aisha concluded: “Companies and their leaders in the UAE are now taking steady steps towards a promising journey aimed at integrating purpose and sustainability. This is a commendable start, but there is general recognition that more can be done. The business community in the UAE is responsible. and recognizes the importance of commitment, pushing the boundaries of sustainability, accelerating the adoption of purposeful strategies and setting an example for others to follow.
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Mohammed bin Rashid: UAE’s sustainability and climate change efforts are constant in our comprehensive development journey
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the Cabinet meeting held in conjunction with the COP28 conference at Dubai’s Expo City.
In a blog post on the “X” site, His Highness said: At the beginning of the “Cabinet Meeting”, we reviewed the results of the state’s national efforts in the field of environment, including more than 120 decisions on sustainability, climate change, The development of our natural resources published by the Council over the last five years… and we launched more than 60 new decisions in 2023 alone, creating a coherent set of policies, legislation, strategies and initiatives. Efforts to participate with the world in addressing the effects of climate change and its file.
His Highness added: National strategies and policies in the field of environment and climate change have yielded results, as the country ranks second in the world in energy transition, in the Global Green Future Index 2023 “GFI”, and the sixth in the world per capita solar energy consumption rate, and it is worth 50 billion dollars. It has invested over .70 billion in clean energy projects in countries, pledging to invest an additional $50 billion in the sector over the next decade.
His Highness continued: The UAE continues to be active and proactive in the field of sustainability and climate change, and our efforts in this field are parallel to those of economic development, and are an essential and sustainable component of our comprehensive and continuous development. Process, God willing.
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5 Top Priorities to Combat Climate Change in Africa
African civil society has identified five key priorities for combating climate change: adaptation, losses and damages, food and land use systems, and forest conservation and restoration.
This was announced by UNANDA Third World Executive Secretary Chekov Sir during an event held on the sidelines of the United Nations Climate Conference “COP28” in Dubai.
The “Anda Third World” organization represents a group of African non-governmental organizations, and these organizations met within the framework of a common platform, which was launched during the “COP”, an alliance of the African Development Bank Group and civil society. Climate and Energy.
African Development Bank president Akinwumi Adesina said: “The continent must benefit from its natural wealth. African economies should not be measured by their GDP, while Africa’s wealth should be assessed by its natural capital.”
“The continent’s vast mineral resources, forests and renewable energy must play a part in the balance,” he added, pointing out that the Congo Basin is the world’s largest carbon reserve, but is not taken into account in the overall assessment. Domestic production of countries in the region.
The coalition supports calls by African leaders to transfer special drawing rights on climate finance to Africa, including the African Development Bank.
The coalition calls on the international community, governments and development partners to comprehensively implement best practices, innovations and technologies and engage farmers and local communities, especially women and youth, in an approach that integrates science and traditional knowledge without harming biodiversity. or compromising community resilience.
He called on parties to ensure that adaptation and resilience are at the heart of African economies vulnerable to climate change.
The Bank’s Vice President, Agriculture, Human and Social Development, Beth Dunford, confirmed during a discussion with civil society that the alliance is “very important” for Africa, noting that the Bank allocates 64% of its funding to adapt to climate change. continent, and it has now opened a window for climate action aimed at providing specific resources and technical assistance to least developed countries on the continent.
For his part, Alliance President Augustine Njamanshi praised the relationship between development finance institutions, civil society and the private sector in combating climate change in Africa.
“Doubling adaptation financing will not be enough for the continent because governments have already spent a lot of money,” he said, adding that civil society and the private sector, especially banks, must work together for the continent’s benefit.
In turn, Ecotrades Fund Executive Director Pauline Nantungo Kalunda said, “Civil society and the private sector’s collaborative work has enabled 15,000 smallholder farmers to plant trees to increase carbon storage,” calling for the removal of barriers. Prevent communities from accessing climate finance.
Mithika Mwenda, President of the Pan-African Climate Justice Alliance, a strong network of over 1,000 African climate organizations, emphasized the catalytic role of civil society and praised the partnership with the Bank.
“Government, the private sector and civil society are forming a ‘parallel’ in the fight against climate change in this coastal country,” said Roger Barrow, Burkina Faso’s environment minister.
• The African Development Bank allocates 64% of its financing to climate change on the continent.
5 Priorities:
– adaptation.
– Losses.
– Damages.
– Food and land use systems.
– Conservation and restoration of forests.
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The UAE has long-term strategies for environmental sustainability
According to a study conducted by the Regional Center for Strategic Analyzes in Abu Dhabi, sustainability strategies and tackling climate change are at the top of the national action agenda in the UAE. The UAE’s contributions and initiatives during COP 28 gained greater regional and international momentum, support for achieving a better harmonized formula for environmental protection and sustainability, and international pledges to allocate hundreds of billions of dollars to finance climate and sustainable projects.
Interregional said the UAE is making progress in strengthening its environmental leadership by investing tens of billions of dollars and providing legislation, regulatory frameworks, initiatives and policies to address climate change. Participation in dozens of contracts and initiatives around the world.
In this context, Interregional released the “UAE Environmental Achievement Index 2023” to monitor and track the performance of the country’s environmental initiatives in the field of environment and climate, measuring and monitoring 32 sub-indicators since its inception. “UAE Vision 2021” in 2010 to 2022. He also gave predictions till the year 2030.
The Environmental Performance Index is the arithmetic mean of four sub-indicators, namely: climate change, biodiversity, maintenance of a healthy and clean environment and environmental awareness and behaviour, as per the guidelines for developing composite indicators issued by the Organization for Economic Co-operation and Development (OECD).
The center emphasized that the UAE’s approach to climate change has become a priority for government action, in an effort to be “zero climate neutral” and invest in green resources. In this aspect. He explained that there are many motives and reasons behind the UAE’s high priority of addressing the phenomenon of climate change. This comes in the backdrop of the state’s keenness to achieve its strategic plans on climate change. Among the key concepts that have made climate change a government priority are the catastrophic effects worldwide, in particular: droughts and floods, inundation of cities, waves of displacement, damage to agriculture and infrastructure, and degradation. Global food security crises.
The UAE has adopted a comprehensive approach to addressing the climate change crisis, seeking to achieve environmental sustainability through an integrated legislative and regulatory framework, in coordination and cooperation with the international community in this regard. Approach: Localize clean energy, adopt peaceful nuclear energy and support climate legislation and knowledge frameworks, and coordinate with the international and regional community to support international efforts to address climate change. To achieve climate neutrality by 2050, the UAE has won the trust of the international community to host COP28 from here.
“Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator.”
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