Frost & Sullivan’s Sustainable Solution for the Mena Power Puzzle
The MENA region is witnessing a rapid industrial growth despite slow down under the global recession; however it is expected to sustain this growth in the long run bringing with it a need for economic and industrial diversification and attaining sustainability and independence from energy imports for oil-importing countries. Cumulatively, the region’s growth plans are straining the Power sector which is expected to fall short unless a change is made. Change is imminent. Can it evolve? What opportunities will the transition bring?
The Ritz-Carlton Hotel Company, LLC ‘Give Back Getaways’ programme offers travelers the chance to volunteer their time to local groups in three critical areas involved in environmental and social sustainability.
Mixing pleasure with the preservation of the environment, or child welfare, or feeding the hungry is an extension of the Ritz-Carlton broader Community Footprints’ social responsibility and sustainability development efforts. By providing authentic volunteer experiences, with their “Give Back Getaways” program the hotel now offers their guests opportunities to partake in community service in the area that they are vacationing in. As varied as protecting endangered sea turtles in Cancun, Mexico, to building a library for the young children of migrant workers at the Dandelion School in Beijing, a truly meaningful holiday is on the itinerary.
In pioneering industry efforts, TECOM’s 2008 Sustainability Report sets out targets and milestones achieved since instituting renewable energy (RE) policies driving its water and conservation programmes, LEED certification for buildings and the implementation of a sustainable procurement policy exploring RE options
It is given that every organization in the world is constantly exploring different ways and means to maximize profitability. Some try additional marketing, some focus on cost cutting, some try to look at process efficiencies. In 2006, TECOM Investments decided to adopt sustainable development as a policy, strongly believing that energy and water conserved by building green would make TECOM more profitable – financially, environmentally and socially. While traditionally, TECOM Investments has looked into these, they chose to focus on re-aligning their processes to achieve results in a more sustainable way. Read More
Energy World met Habiba Al Marashi, Board Member – UN Global Compact, and Chairperson of the Emirates Environmental Group (EEG) to find out about UN Global Compact’s initiatives and the benefits for member companies adhering to ethical and sustainable practices
What is the raison d’être of UN Global Compact? The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary agent driving globalization, can help ensure that markets, commerce, technology and finance, advance in ways that benefit economies and societies worldwide, Many businesses recognize the need to collaborate with international actors in the current global context where social, political and economic challenges (and opportunities) - whether occurring at home or in other regions, affect companies as never before.