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Abraaj issues its
first integrated sustainability report

DUBAI — Abraaj Capital, the leading private equity and alternative asset management group in the Middle East, North Africa and South Asia (MENASA), on Tuesday issued its first integrated sustainability report.

 

In keeping with international best practice, Abraaj Capital’s integrated sustainability report provides depth and context to the group’s performance in 2010 and identifies how sustainability is central to the group’s culture and business.

The report was prepared using the Global Reporting Initiative (GRI) G3 guidelines and evaluates the progress Abraaj Capital has achieved on its economic, social and environmental commitments in 2010. The report has been assessed as application level B+ from GRI and received a limited assurance statement from KPMG.

Abraaj Capital believes that by embedding sustainability management into its business and adopting global best practice environmental, social and governance principles (ESG), it is possible to enhance long-term value creation for investors, shareholders and wider stakeholders. Abraaj Capital has refined its sustainability initiatives to include social investing, transparency and good governance, and environmental stewardship as pillars of its strategy.

“We are very pleased to publish our first integrated sustainability report which highlights Abraaj Capital’s commitment to incorporating sustainability principles into the core of our business. We believe that private equity groups like Abraaj Capital can and should play a pivotal role in highlighting the long-term benefits of considering ESG factors in investments, given the diverse range of our portfolio companies, and our ability to influence the value creation process at every step,” said Arif Naqvi, Founder and Group Chief Executive Officer of Abraaj Capital.

“This integrated sustainability report provides a measurable, transparent and balanced review of the impact of Abraaj Capital’s business on the markets in which it operates. The report will drive new disclosure standards for the private equity sector and set a precedent for other organizations to follow”, said Professor Sherif Kamel, Dean of the School of Business at the American University in Cairo.

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