Private Sector Key to Achieving SDGs: HE Abdullah Lootah

Dubai: The Secretariat of the National Committee on Sustainable Development Goals launched the first report on private sector initiatives for sustainability in UAE titled “Achieving Sustainable Development Goals in the UAE: Private Sector Contributions.” Global Strategy Consulting firm, Oliver Wyman developed the report in partnership with the Private Sector Advisory Council on SDGs (PSAC) founded by the Federal Competitiveness and Statistics Authority (FCSA).

The report sheds a spotlight on the efforts exerted by the National Committee on SDGs to serve as a platform for coordination and partnerships through PSAC. It also focuses on the role of private companies in achieving SDGs by means of sharing ideas and practices on the key opportunities and challenges that companies face in their efforts to implement the UAE Agenda 2030.

The initiatives cover various sectors, including renewable energy, real estate, retail, aviation and land, and sea transport services. These initiatives have contributed to the UAE’s efforts to promote sustainability within the private sector and make progress towards achieving the 2030 global agenda of sustainability.

H.E. Abdullah Lootah, Director General of FCSA and Vice-Chair of the National Committee on SDGs and Chair of the PSAC on SDGs, stated: “At a time of multiple drastic and relentless economic, social and technological changes experienced by the world, the public and private sectors partnerships and the achievement of sustainable progress and prosperity for the society of UAE become essential. Based on the initiatives and experiences presented by the report, the UAE has turned out to be a global role model in the governance of SDGs and harnessing the innovative partnerships between the public and private sectors to achieve them.”

The report also reviews notable initiatives adopted by the National Committee on SDGs in UAE. The committee is the government team in charge of implementing the 17 SDGs in the UAE and was formed in January 2017 and chaired by Her Excellency Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation. The committee’s members include 17 federal level government authorities who agreed on a road map for the year 2030. The road map focuses on four key stages, including raising awareness, establishing the foundations, developing policies, reporting the progress achieved, and monitoring the performance.

Greg Rung, Partner at Oliver Wyman, stated: “The ongoing cooperation between the UAE government and the private sector is crucial in boosting the country’s efforts to implement the United Nation’s 17 SDGs successfully.”

“Oliver Wyman is proud to collaborate with PSAC for producing this report and partner with the entity to support the UAE government in its commitment to successfully achieving a prosperous and sustainable future for all,” added Rung.

Members of PSAC have also drafted a consultative framework used as a formal mechanism to engage the private sector in UAE and move forward in achieving UAE Agenda 2030. Additionally, PSAC developed a strategy to engage the youth, to ensure that development is not only for the youth but also for and through them to further promote and increase their positive contributions as agents of change.

H.E. Abdullah Lootah concluded his statement by stating: “Recognizing that the implementation of SDGs could only get ahead by involving all relevant stakeholders from different government and private sectors, we have pooled resources with the Oliver Wyman team to prepare this important report with sights set to shed light on the efforts of the private sector as a strategic partner of the UAE government. I am proud of the commitment of the members of PSAC and their contributions to supporting the sustainability process in UAE, and the dissemination of such UAE experiences to the global community.”

The report showcases the most important sustainability initiatives developed by 12 national and international companies operating in UAE, namely: Dubai Holding Company, Careem, Majid Al Futtaim Group, DP World, EMAAR Group, Al Serkal Group, First Abu Dhabi Bank, Emirates Airline, Multinational Companies Business Group, Dubai Free Zones Council and MASDAR Group.