Century Financial has announced its participation in the United Nations Global Compact Network UAE (UNGC UAE) and the Climate Ambition Accelerator 2024, marking a significant milestone in the company’s sustainability journey.
As one of the first investment companies in the UAE to take substantial steps in monitoring greenhouse gas (GHG) emissions, Century Financial has set a high standard for the financial sector.
The company has achieved several key milestones in its efforts toward sustainability, including:
Participation in the four-month Climate Ambition Accelerator program will provide Century Financial with access to global best practices, peer-to-peer learning, and practical activities designed to accelerate progress toward setting science-based emissions reduction targets. The program supports companies in aligning their efforts with the 1.5°C pathway, ultimately guiding them toward net-zero emissions by 2050.
“Joining the United Nations Global Compact and participating in the Climate Ambition Accelerator 2024 is a significant step for Century Financial,” said Bal Krishen, Chairman and CEO of Century Financial. “It reflects our deep commitment to sustainability and our proactive approach to addressing climate change. We are dedicated to integrating these principles into our business strategy and operations, leading the way for a sustainable future in the financial industry.”
As a participant in the UNGC, Century Financial has committed to implementing the Ten Principles of the UN Global Compact, which cover human rights, labor, environment, and anti-corruption. In doing so, the company will annually report its progress and benefit from access to the UNGC’s extensive tools and resources, which will help engage employees globally and enhance their learning and training in sustainability.
“The Climate Ambition Accelerator will help us take a deep dive into GHG best practices, emissions accounting methodologies, and strategies,” said Sameera Fernandes, CSO and Board Member of Century Financial. “It will enable us to take steps to improve a comprehensive GHG emissions inventory. The financial sector must gear up and walk the talk, demonstrating genuine commitment to sustainability and climate action.”
Joëlle Jammal, Executive Director of the UNGC UAE, expressed her support for Century Financial’s efforts: “We are thrilled to welcome Century Financial to the United Nations Global Compact Network UAE. Their dedication to sustainability and their proactive steps towards achieving net zero emissions are exemplary. We look forward to supporting their journey and witnessing the positive impact they will continue to make in the financial sector and beyond.”
