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Dubai: Chalhoub Group joined a new initiative today to accelerate private sector action at the pace and scale needed to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda. The UN Global Compact Forward Faster initiative calls on business leaders everywhere to take measurable, credible and ambitious action in areas that have the power to accelerate progress across all 17 Sustainable Development Goals where the private sector can collectively make the biggest, fastest impact by 2030.
The SDG Progress Report released earlier this year by UN Secretary-General António Guterres, showed that just 15 per cent of the Sustainable Development Goal targets are on track, progress on 48 per cent is weak and insufficient and progress has stalled or gone into reverse on 37 per cent of the SDGs.
Patrick Chalhoub, Group President at Chalhoub Group commented: "As we deeply embed sustainability into our core business, we are fully committed to SDG targets, and we are actively taking measures to accelerate progress within our business and across our operations. By joining the UN Global Compact Forward Faster initiative, we are committed to making a bigger and faster impact particularly in five key areas: gender equality, climate action, living wage and water stewardship and determined to make a real impact.”
Chalhoub Group has committed to nine targets in four action areas:
- Gender Equality
- Equal representation, participation and leadership across all levels of management by 2030.
- Equal pay for work of equal value by 2030.
- Climate Action
- Set corporate science-based net-zero emissions reductions targets in line with a 1.5°C pathway, with the goal of halving global emissions by 2030 and reaching net-zero by 2050 at the latest.
- Contribute to a just transition by taking concrete actions that address social impacts of climate change mitigation and adaptation measures in partnership with actors such as workers, unions, communities and suppliers.
- Living Wage
- 100 percent of employees across the organization earn a living wage by 2030.
- Establish a joint action plan(s) with contractors, supply chain partners and other key stakeholders to work towards achieving living wages and/or living incomes with measurable and time-bound milestones.
- Water Resilience
- Build water resilience across global operations and supply chains and join hands to achieve collective positive water impact in at least 100 vulnerable prioritized water basins by 2030.
ABOUT CHALHOUB GROUP
For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories. More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear.
Every step at Chalhoub Group is taken with the customer at heart. Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer.
Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work®.
In addition to the investment arm, the Group has set up “The Greenhouse”, which is an incubator and accelerator for start-ups and small businesses in the region and internationally. These are just a couple of the initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future proofing. The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Women’s Empowerment Principles.
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| Lea Maalouf |
