Saturday, October 26, 2024

Dubai Financial Centre Sets New Milestone with the 2nd Future Sustainability Forum to Advance Global Climate Goals

DUBAI, UAE – 26/10/2024 – (SeaPRwire) – In December 2024, Dubai is set to play host to a landmark event in the world of sustainable finance, the Future Sustainability Forum. Now in its second edition, the Forum is spearheaded by the Dubai International Financial Centre (DIFC), the Middle East, Africa, and South Asia’s (MEASA) primary financial hub. Taking place at Madinat Jumeirah in Dubai on December 4-5, the event will gather over 3,000 participants from various sectors, including government officials, policymakers, business leaders, and innovators, to address critical challenges in sustainable finance and chart pathways for economic resilience and social equity on a global scale.

A centerpiece of DIFC’s sustainability initiatives, the Forum’s goal is to amplify sustainable practices, mobilize investment, and foster meaningful dialogue on global environmental and social issues. This effort is aligned with the UAE’s national priorities and the United Nations Sustainable Development Goals (SDGs). Notably, the Forum arrives in a pivotal moment, marking the one-year anniversary of the UAE’s hosting of COP28, and highlights DIFC’s focus on climate action by catalyzing finance flows from Dubai to reach over $100 billion by 2030 through its Sustainable Finance Catalyst. The event is designed to deepen collaborations across industries and nations, channeling capital towards projects that target net-zero goals, renewable energy advancements, waste management solutions, and beyond.

Alya Al Zarouni, Chief Operating Officer of DIFC Authority and Co-Chair of the Dubai Sustainable Finance Working Group, remarked on the importance of this gathering, stating, “The Future Sustainability Forum offers a critical platform for forward-thinking discussions and collaboration, enabling us to address some of the world’s most urgent environmental and social challenges. Through this effort, DIFC is leading by example, demonstrating our commitment to fostering economic growth that is inclusive and resilient, one that reflects our dedication to sustainability within the financial services sector and beyond.”

The Commercial Bank of Dubai (CBD), a prominent institution in the UAE’s banking sector, is the presenting sponsor of the Forum. CBD’s Chief Executive Officer, Dr. Bernd van Linder, emphasized the bank’s alignment with Dubai’s sustainability vision, underscoring their support through pioneering green finance initiatives. Dr. van Linder shared, “Our commitment to sustainability goes beyond participation; it’s embedded in our strategy, as shown by our recent issuance of a green bond, a tangible step towards supporting the UAE’s sustainability targets.”

Structured around eight thematic pillars, the Forum will delve into sustainability challenges and opportunities across banking and finance, construction, renewable and future energy, transportation and mobility, manufacturing and production, recycling and waste management, sustainable technology, and agriculture and food production. These pillars are aligned with critical industry-specific sustainability issues, from the decarbonization of transport systems to innovative recycling technologies, underscoring the broad spectrum of sectors that must unite in the quest for a sustainable future.

Beyond panel discussions, the event will also feature the Climate Action & Renewable Energy Expo (CARE), where companies, researchers, and organizations will showcase cutting-edge solutions aimed at addressing climate change. This exhibition provides a dynamic platform for global innovators to display sustainable technologies and energy solutions that can help shape the future of environmental action across the globe.

The UAE’s approach to a sustainable future, underscored by policies like the Dubai Clean Energy Strategy 2050, the UAE Net Zero 2050 strategic initiative, and the UAE Vision 2070, reflects the nation’s commitment to creating a carbon-neutral economy. These frameworks emphasize renewable energy, water conservation, waste management, and sustainable urban development. The Future Sustainability Forum serves as an essential touchstone for these initiatives, galvanizing stakeholders from both the private and public sectors to contribute to a future where economic growth and environmental stewardship go hand in hand.

To learn more about the event or to register, interested individuals and organizations can visit the Future Sustainability Forum website.

About Dubai International Financial Centre

DIFC stands as a significant financial hub within the MEASA region, covering over 77 countries with a collective population of around 3.7 billion people and an estimated GDP of USD 10.5 trillion. In its two-decade-long journey, DIFC has fostered an ecosystem that enables trade and investment across Asia, Europe, the Americas, and the MEASA region, facilitating a global flow of capital.

At the core of DIFC’s success lies a robust regulatory framework and a judicial system modeled on English common law. Housing over 6,150 registered firms and a talent pool of 43,800 industry professionals, DIFC is the largest and most diverse financial ecosystem in the region, which contributes to its enduring status as a premier destination for financial services and innovation.

With an emphasis on pioneering financial technology, DIFC continues to expand its offerings in venture capital and FinTech support. The Centre’s mission is to drive the future of finance through innovation, partnerships, and world-class business infrastructure, positioning itself as a critical enabler for start-ups and growth-stage companies in the region. DIFC is also a prominent lifestyle destination, featuring world-renowned retail and dining venues, a vibrant arts scene, and diverse residential and hospitality options that complement its unique business environment.

SOURCE: Trescon Global

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