3 UAE companies win top prize at HSBC's 'Living Business'

Organised by Globally, Get in the Ring and HSBC, the Living Business programme aims to help businesses deliver significant enhancements to their ESG initiatives by embedding sustainable principles in their organisational framework

  
3 UAE companies win top prize at HSBC's 'Living Business'

Three UAE companies won the top honours in the small, mid-size and corporate business categories for showing commitment and change in their approach to environmental, social and governance (ESG) issues at the second edition of the Living Business programme.

Organised by Globally, Get in the Ring and HSBC, the Living Business programme aims to help businesses deliver significant enhancements to their ESG initiatives by embedding sustainable principles in their organisational framework.

Daniel Howlett, HSBC’s Head of Commercial Banking in the Middle East, North Africa and Turkey, said: “It has been another fantastic year for our Living Business programme. We are seeing tangible changes and a shift in mindset towards environmental and ethical sustainability. The participants, coming from a wide range of industries, have all shown a real desire to make a contribution to becoming more sustainable. We congratulate them all for coming this far and addressing some of the key issues that our world faces.”

This year's intake came from across MENA with more than 120 applicants and covered several strategic sectors including construction and infrastructure, retail, transport, energy and utilities, and hospitality.

Participants were given one-on-one coaching with ESG experts to help them achieve their goals. The companies presented their initiatives at the UK pavilion at Expo 2020 Dubai to a panel of judges.

The UAE winners include Trident Trackway in the small business category, Future Architectural Glass in the mid-size category and Fine Hygienic Holding in the corporate category, who competed with businesses from Bahrain, Egypt, Oman and Qatar.

The country winners were Trident Trackway from UAE, Gulf Agency Company from Qatar, Bahrain Airport Company from Bahrain, Oman Convention & Exhibition Centre from Oman and EGAAD from Egypt.

The winners will attend a course at the Institute for Sustainability Leadership at The University of Cambridge.

Applications came from Bahrain, Egypt, Oman, Qatar and the UAE who were prepared to implement a project that will have a significant ESG impact such as reducing the business’s or industry’s environmental footprint, enhancing social capital of the business by improving staff wellbeing or creating a sustainable governance framework.

Living Business will expand next year globally to 15 countries across 4 continents.

Keith Bradley, Managing Partner at Globally, said: “Being able to expand the program from the MENA region to become a global program is a testament to the desire to make fundamental changes in companies’ ESG agendas. We are proud to be a partner in this programme and help companies manage their environmental footprints and build social capital.”

For more details about the programme, please visit www.livingbusiness.me

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HSBC in the MENAT region

HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Turkey (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi British Bank (SABB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$68.9bn as at 31 December 2020. www.hsbc.ae 

Globally

Globally works with businesses to take action to be more sustainable. From inspiration to crowning champions. from strategy to implementation, from making the right connections to showcasing the impact, Globally supports businesses in making and talking about sustainable change. Globally operates a free-to-use video sharing platform, GloballyGreat.com, for entrepreneurs to showcase sustainable innovations.

Get in the Ring

Get in the Ring is a global startup competition active in over 220 cities worldwide, connecting unconventional solutions to challenges that allow ventures to make deals and gain global exposure. Get in the Ring is part of Unknown Group. A group of companies that back impactful ventures on team, traction and cash to scale them out of the unknown.

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