- Public register
As a Government of Dubai Authority, DMCC is the world’s most interconnected free zone and the leading trade hub for commodities, proud to sustain and grow Dubai’s position as the place to be for global trade.
We understand that our role in enabling trade influences economies which puts us in a position to safeguard communities and the local environment. The multidimensional nature of DMCC's influence provides a unique opportunity to champion responsible business and positive impact.
Our strategy development is based on a four-phased approach launching with materiality assessment to establish the foundation in alignment with stakeholders’ needs, followed by an internal review, peer and gap analysis conducted to identify our future objectives and areas of improvement. Our purpose, values and goal serve as a basis for the strategy that is influenced by six key factors.
Materiality assessments help organisations to prioritise sustainability topics to create maximum impact. We conducted our second materiality assessment exercise, with the results synthesised in a matrix, highlighting the importance of each topic in descending order to inform organisation’s strategy.
We recognise that every dimension of our value chain has potentially negative and positive impacts. Therefore, we see it as our responsibility to share the complexity of DMCC’s ecosystem concerning its stakeholders.
Dubai Diamond Exchange:
Our governance structure is designed to achieve optimal organisational policies and procedures to create an environment where our employees and customers can thrive. Our relationship with stakeholders is a priority, and we recognise that their success leads to ours.
We prioritise customer service, the development and well-being of people, diversity and inclusion, and economic prosperity. Improving DMCC’s operations results in the highest quality of service for our stakeholders.
The Executive Committee comprised of the Executive Chairman and CEO, COO, CFO and Executive Directors of departments of DMCC. The body is administered by the relevant regulation issued by the Board of Directors wherein the rights, duties, and terms of employment of the employees of the DMCC Executive Committee is determined.
To underpin its sustainability vision and bolster sustainability governance, DMCC appointed a corporate-level committee in 2018 to oversee and monitor the progress of DMCC’s commitments and develop a corporate-wide sustainability strategy. The SDG Steering Committee includes a number of members of the Executive Committee and senior management.
We follow the UAE’s lead to be a generous and responsible global citizen. The UAE has committed to the Sustainable Development Goals and has set up governance structures to facilitate a sustainable trajectory. We followed the best practice by creating a sustainability board. In 2019 we reached a milestone when we decided to allocate 0.5% of the company's annual net profit towards social impact. We have also formalised our impact through the creation of the Social Impact Policy, assuring community investment goals are clear and focus on: