Sustainability audit [Gulf Industry]
(Gulf Industry Via Acquire Media NewsEdge) MAJAAL has appointed 3BL Associates Consultancy (3BL) to conduct an audit to improve its operational efficiency through a corporate sustainability framework.
The sustainability audit will be completed this month (January) and recommendations will be implemented within six months, said Majaal managing director Amin Al Arrayed.
3BL will conduct an internal analysis of Majaal's current social and environmental performance by referencing more than 80 indicators outlined in the world's most widely used sustainability reporting framework, the Global Reporting Initiative.
"As Majaal expands, we recognise that social and environmental dimensions will be integral to long-term sustainability and competitiveness of our facilities," Al Arrayed said. "3BL will analyse our sustainability performance and identify the most significant opportunities for improvement that will have the greatest impact on the business. We expect improvement in operational efficiency, cost management, risk mitigation, as well as identification of untapped markets and revenue streams."
The European Commission is currently adopting a directive requiring all large companies to disclose non-financial (social and environmental) information as part of their annual reporting cycle.
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