A Cabinet resolution was released on Monday, 5 February 2018 by the Ministry of Economy in relation to Corporate Social Responsibility (CSR) in the UAE. The resolution aims to develop a framework and guidelines for the management of contributions made by the companies as part of their social responsibility activities.
The initiative – focused on three main themes: developing the private sector’s sense of community responsibility; enhancing the spirit of volunteering; and instilling national loyalty and commitment – is being embraced across the UAE. As a leader in the corporate social responsibility (CSR), KPMG is encouraging organizations to connect and promote CSR initiatives.
Leading UAE organizations have started to focus on creating a positive social impact through their business practices and different community development initiatives. The Year of Giving, and continued UAE Government CSR mandates, are driving both public and private entities towards supporting societal development in the UAE.