Stepping up the efforts to catalyze climate actions and facilitate organizations to build low carbon and sustainable economies, the Gulf Organisation for Research and Development (GORD) has joined hands with DNV Business Assurance India Private Limited with an aim to share best practices and provide advisory services around climate change in the sustainability domain. To this end, a memorandum of understanding (MoU) was signed on Thursday, January 27 in the presence of senior leadership representing GORD and DNV.
Under the agreement, the partnering entities will assist organizations in areas related to innovative sustainable infrastructure and finance, carbon management and offsetting, climate change mitigation and adaptation, enhancing transparency in disclosure, ESG strategy and digital assurance. The recent MoU signing will follow a range of joint activities aimed at exploring synergies which benefit from mutual expertise in working on sustainability and ESG engagements.
Speaking on the sidelines of the virtual event that marked the MoU signing, Dr. Yousef Alhorr, Founding Chairman of GORD, said, “Environmental, Social and Governance (ESG) considerations are becoming increasingly important for businesses and investors alike. As the region’s leading sustainability organization, GORD has developed a range of pioneering solutions that cater to the sustainability needs of businesses and their projects. DNV, at the same time, has a proven track record of providing business assurance services at global level with a focus on improving sustainability performance of organizations. Knowing the accomplishments of these two entities, I have no doubt that our collaboration will yield impactful results.”
Commenting on behalf of DNV, Mr. Percy Lakdawalla, Regional Manager for DNV Supply Chain & Product Assurance in Asia Pacific, India and the Middle East (APIME) said, “When we deliver solutions to companies at a global level, we need to first address their ESG performance which contributes to creating a sustainable future for all.
“Through our association with GORD, we will help companies in the Middle East to define and shape their ESG strategies which will eventually support businesses in achieving their ambitions.”
Mr. Prakash Tikare, Area Manager for DNV Supply Chain & Product Assurance in India and the Middle East (IME) said, “Over the years, we have seen how ESG measures are becoming an important step in creating value for businesses. GORD has catered to multiple businesses for their sustainability needs. With our collaborative approach, businesses will be able to benefit from a much defined and trusted direction for their ESG commitments.”
As with the growing threats of adverse climate change and sustainability impacts, the organizational risks are all-time high. In this context, a significant part of the joint activities will be in capacity building and facilitation on low-carbon development strategies and action plans, built environment sustainability, strategizing green finance into the green activities, stakeholders reporting and policy advisory. The target stakeholders under this MOU will be from India, Middle East & Southeast Asian countries.
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GORD, a member of Qatari Diar Real Estate Investment Company, is a non-profit organization spearheading MENA region’s sustainability milieu. Headquartered in Qatar Science and Technology Park, GORD drives the transformation of societies, industries, and the built environment by influencing corporate ethos, fostering innovation, and developing capacity to enable low-carbon sustainable growth for present and future generations. The organization’s key operations include R&D, standards setting, green buildings certification, accreditation services, voluntary carbon markets, performance testing, knowledge dissemination and advisory services on sustainability and climate change for governments, non-government, public and private sector organizations.
DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards, and inspires and develops solutions. Whether assessing a new ship design, qualifying technology for a floating wind farm, certifying a food company’s supply chain or safely managing risk in the rail sector, DNV enables its customers and their stakeholders to manage technological and regulatory complexity with confidence. Driven by its purpose, to safeguard life, property, and the environment, DNV helps its customers seize opportunities and tackle the risks arising from global transformations.
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