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Dubai Holding supports COP28 as Principal Pathway partner

Tuesday, 28 November 2023 16:34

By ARN News Staff

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Dubai Holding has announced its participation as Principal Pathway Partner at the 28th meeting of the United Nations Climate Change Conference (COP28).

The diversified global investment company with an extensive portfolio of AED 130 billion worth of assets, has signed the UAE Climate Responsible Companies Pledge in collaboration with the Ministry of Climate Change and Environment (MOCCAE), underscoring its commitment to the UAE's Net Zero 2050 initiative.

Leveraging its diversified portfolio, Dubai Holding and its companies, will host a series of events and inspiring presentations during the 13 days of the annual meeting to showcase sustainable technologies, drive meaningful conversations and help develop impactful long-term solutions that support the global climate agenda. 

As part of its Sustainability Strategy and commitment to minimising its climate impact, Dubai Holding has developed a group-wide decarbonisation roadmap towards Net Zero 2050, supported by interim targets up to 2030.

The strategy covers initiatives to improve its energy, waste and water management and increasingly invest in alternative and cleaner sources of energy.

"We are proud to announce our sponsorship with COP28, particularly given the critical need to address climate change. As a key enabler of the knowledge-based economy in Dubai and a major contributor to its diversification, we have long recognised our duty to support the emirate’s sustainable development journey," said Amit Kaushal, Group Chief Executive Officer of Dubai Holding.

"Responsible environmental stewardship lies at the core of our business, and our net zero pledge signifies our commitment to the UAE leadership's Net Zero 2050 initiative and our intent to continue building resilient businesses that safeguard a sustainable future for all," he added.

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