The Saudi Corporate Social Responsibility Forum inaugurated by HRH Prince Meshaal Bin Maged Bin Abdulaziz, Governor of Jeddah Province and co-organized by the Jeddah Chamber of Commerce and Industry and Al Iktissad Wal Aamal Group continues with the second day events at the Grand Hyatt Hotel Jeddah.
The forum activities started with session five entitled "Mechanisms to Build Responsible Supply Chains" moderated by Al Iktissad Wal Aamal Group Deputy CEO Fayssal Abu Zaki and included Procter and Gamble Arabian Peninsula Public and Government Relations Manager Turki Bin Moammar and Dr. Suleiman Faqih Hospital Social Responsibility Committee President Dr. Sharif Tuhaimer.
The panelists addressed various topics namely the establishment and management of a supply chain aligned with the corporate social responsibility strategy and tackled as well the censorship on supply chain in-house practices and the way to ensure its conformity with the corporate social responsibility objectives.
Bin Moammar emphasized the corporate responsibility in terms of environment preservation and addressed P&G methodology regarding sustainable development indicating that its goes hand in hand with economic development. Bin Moammar noted at the same time that the business sector is capable of scoring many benefits by focusing on its capacities in this area, pointing out that "the corporate philosophy is to generate profits by improving people's lives."
He adds, "Companies alongside the business sector should plan and implement strategies for the long-term environment sustainability using P&G's example in implementing a ten-year plan including the adoption of 30% of renewable energy by our factories."
He revealed that "the innovative sustainability products in the corporate operations from July 2007 through June 2011 contributed positively to curving the corporate energy and water consumption by 16% and 22% respectively as well as decreasing solid waste by 57% and carbon dioxide emission by 12%."
DFM Index Sustains Upward March
The DFM index wavering above the break – even line achieved 44.38 points or 1.45 percent in a single session on Monday 9th December 2013, closing at 3,100.33.
On year-to-date basis, the
QE Index Shows Flat Performance
The contest between bulls and bears ended without any significant change at Qatar Exchange on Monday 9th December 2013, as QE index wavering in north and south closed the session at 10,434.1 points,
ADX Index Crosses 4,000 Points Barrier, Up 0.30%
The ADX General Index initiated its journey by wavering along the break-even line and then jumped up into the green territory and closed the day at 4,001.47 levels on Monday 9th Dec 2013, up 11.85 po
Deloitte collaborates with FAA
The Deloitte Islamic Finance Knowledge Center (IFKC) has signed a Cooperation Agreement with the Finance Accreditation Agency (FAA), an organization supported by Bank Negara Malaysia and Securities C