TECOM Investments Takes Significant Strides in Sustainable Procurement |
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Dubai: 28 September, 2008 - TECOM InvestmentsTECOM Investments
, a member of Dubai Holding and the first company in the UAE to adopt a Sustainable Procurement Policy, today announced it has successfully achieved sustainable purchase rate of 68 per cent for items of common use in operations, maintenance and building upgrades during the second quarter of 2008.
The rate marks a seven per cent increase over achievements by the Procurement and Contracts (P&C) Department during the first quarter of the year, demonstrating TECOM InvestmentsTECOM Investments' unstinted commitment to environmental sustainability.
Ali bin Towaih, Executive Director of Sustainable Energy and Environment Division (SEED), TECOM InvestmentsTECOM Investments, said: "Procurement is a critical function that can drive sustainability within an organization and transform the entire industry's focus towards preserving the environment in the region. At TECOM investmentsTECOM investments, we are delivering on our sustainable procurement goals in line with our policy to effectively contribute towards reducing the region's carbon footprint."
The methodology of policy implementation includes orientation and consultation with P&C personnel on the different areas of items required and the methods of selecting the right products that comply with the sustainability criteria. Tracking of progress is achieved through filing of quarterly reports that demonstrate the percentages of overall purchases of the same items.
"We are keen to invite our valued suppliers to step forward and work with us towards providing more sustainable products, for the benefit of all who want to achieve the vision of a green UAE," added Bin Towaih.
TECOM InvestmentsTECOM Investments' Sustainable Procurement Policy aims to reduce the impact of procured materials on the indoor air quality of buildings by optimizing the use of green-compliant materials including paints, adhesives and carpets. Buying products with less packaging also helps mitigate the volume of waste stream production from buildings that may end up in landfills.
Muna Al Muhairbi, Procurement Director, Procurement and Contracts Department, said: "Environmental awareness is one of the core values that we employ in the process of product selection and approval of suppliers. The vendors need to meet certain criteria to fulfill sustainability requirements for the selection of their products. From this year onwards, we are committed to continuing our drive towards sustainability, and price will be just one of our parameters for product selection."
TECOM InvestmentsTECOM Investments has already taken key steps such as the standardization of corporate furniture for all projects that contain at least 99 per cent recycled content for chairs and 50 per cent for workstations. Office furniture is also Green Guard certified, indicating a low content of harmful volatile organic compounds (VOCs).
In the first two months of this year, TECOM InvestmentsTECOM Investments successfully brought down water consumption by 6.2 million gallons, directly reducing its carbon footprint by an additional 423 tonnes.
-Ends-
About TECOM InvestmentsTECOM Investments:
TECOM InvestmentsTECOM Investments, based in Dubai, is a subsidiary of Dubai Holding, a global company dedicated to knowledge and life-improving industries. A creator of vibrant knowledge industry clusters, TECOM InvestmentsTECOM Investments is currently active in buoyant cutting-edge sectors like ICT, Media, Education, Biotechnology and Energy.
A recognized leader in the global knowledge industry, TECOM InvestmentsTECOM Investments manages entities like Dubai Internet City, Dubai Media City, Dubai Knowledge Village, Dubai International Academic City, eHosting DataFort, International Media Production Zone, Dubai Outsource Zone, Dubai Studio City, DuBiotech and Enpark.
TECOM InvestmentsTECOM Investments' phenomenal growth also encompasses local and international joint venture interests like Empower, a district cooling service provider established as a joint venture with Dubai Electricity and Water Authority, Emirates International Telecommunications Limited, a joint venture with Dubai Investment Group and SmartCity, a joint venture formed with SAMA Dubai to develop and manage knowledge industry townships worldwide.
Emirates International Telecommunications Limited holds stakes in Tunisie Telecom and Maltacom, telecommunication carriers in Tunisia and Malta respectively. SmartCity has already laid the foundations of a global network of knowledge driven clusters through agreements to develop SmartCity Malta and SmartCity Kochi.
TECOM InvestmentsTECOM Investments also has interests in Axiom, the largest mobile distributor in the Middle East, and Interoute, the operator of Europe's most densely connected voice and data network.
For further information, please contact:
Hammam Alyazji
Account Executive
JIWIN Public Relations
Mob: +971 50 923 2100
Email: Hammam.Alyazji.ae
© Press Release 2008
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