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Singapore/Dubai: The Global Agri-business Alliance (GAA), a CEO-led private sector global initiative formed to tackle social, environmental and sustainability challenges to help farmers worldwide today nominated Mr. Gaurav Dhawan, Executive Chairman of the UAE-based US$2 billion Phoenix Group as its chairperson for 2019.
In a statement, Phoenix, registered at the Dubai Multi Commodities Centre (DMCC), said that Mr. Dhawan was chosen to steward the Geneva-based GAA at its annual CEO Council meeting held in Singapore yesterday.
On taking up the new role, Mr. Dhawan said: “Agribusinesses have a crucial role to play in embedding sustainable policies and practices to safeguard our shared resources and strengthen rural livelihoods. As a global agribusiness company, Phoenix is committed to adopting climate-smart agriculture and in finding practical solutions to reduce the emission of greenhouse gases.”
He said that by working collectively with other stakeholders and peers, Phoenix is determined to take the lead on sustainability in the agri-business sector. “The GAA is a key convener and platform for action and engagement and I am honored to take on the role of Chair for 2019. I look forward to working with all the members to strengthen our voice and positive contribution to achieving the Sustainable Development Goals (SDGs).”
Phoenix Global, the world’s second largest rice trader, is a global engaged in the production, procurement, processing, merchandising and distribution of agricultural products.
Last year, the company moved 10.57 million metric tonnes of commodities across the world achieving a profit of US$67.39 million, up by 42 per cent compared to the previous corresponding period. The Group on its own operates 100,000 hectares of farming land in various countries across the world.
GAA has a mandate that spans harnessing the collective strength of the global agri-business sector to tackle environmental, social and sustainability challenges to improve the resilience of farmers across the world. At its CEO Council meeting, GAA also elected a Vice Chair, Arif Rachmat, Co-founder and CEO of Triputra Agro Persada, Indonesia.
As the lead for GAA’s water stewardship work stream, Phoenix and the GAA have been working collaboratively with the Alliance for Water Stewardship (AWS) and local implementation partner the Centre for International Projects Trust, Delhi, to develop a water stewardship catchment plan in Karnal in Haryana, India, where they source from 20,000 basmati rice farmers in an area at risk from fast-falling groundwater levels and worsening water quality.
“Phoenix is engaged in multiple initiatives across the world, particularly in Africa, CIS, Middle East, India and South East Asia to tackle sustainability challenges across the value chain of farming and agri-business. We consider the GAA nomination as an endorsement of our best practices and global vision,” Mr. Dhawan added.
A signatory of the UN Global Compact, Phoenix operates 10 business verticals in 22 countries from its central operations hub in Dubai. According to the UN Compact, a sustainable global food and agriculture system would create new economic value of more than US$2 trillion by 2030.
For more information see www.globalagribusinessalliance.com/ www.phoenixgroup.net
Contact for more details:
Jayakrishnan Bhaskaran/+971 529490691
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