The Council organized the seventh edition of the global balance rings during its participation in the World Economic Forum
"Emirates for Gender Balance" reviews private sector support for governments in Davos
The seminar was held in the UAE pavilion of the forum.
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The Emirates Council for Gender Balance organized in Davos, Switzerland, the seventh edition of the "Global Balance Rings", under the title "Supporting the private sector to governments in implementing the gender balance agenda - a pledge to accelerate the fifth goal of sustainable development in the UAE private sector: a case study". The participation of the Council delegation in the World Economic Forum, which is held in the presence of many heads of state and leading personalities to discuss global issues and find solutions to current and future challenges.
The episode was held in the UAE pavilion at the forum, and the Vice-President of the Emirates Council for Gender Balance, Mona Ghanem Al-Marri, and a number of officials of the UAE private sector companies that signed the pledge to accelerate the fifth goal of the sustainable development goals, which was officially launched early last year, with the aim of achieving Gender balance in the private sector and increasing the percentage of women's participation in leadership positions to 30% by 2025, in addition to a number of officials of major international companies that have close cooperation with the World Economic Forum.
Anticipating opportunities
The seminar was a vital platform for exchanging visions and ideas among the participants from local and global private sector leaders about the benefits of working closely with governments to participate in developing solutions to accelerate sustainable development goals, and explore opportunities and areas of action to ensure higher levels of gender balance in the UAE, the region and the world, in addition to To discuss the desired positive impact of this unique initiative for the UAE private sector, which reflects a true partnership between the government and private sectors to achieve national and global goals related to gender balance.
Global partnerships
The wife of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the Emirates Council for Gender Balance and President of the Dubai Women's Foundation, said that the organization of the seventh global balance circle in this most prominent forum in the world comes In light of the Council's keenness to strengthen its global partnerships and translate the UAE's tireless efforts to enhance global communication and build bridges of trust and mutual knowledge with all countries of the world to raise the level of gender balance and achieve sustainable development goals.
Her Highness stressed the importance of the overall positive results of strategic partnerships between governments and the private sector in achieving national goals at all levels, especially with its growing role as a major driver of the global economy in developed countries in particular, adding that giving women full opportunity and achieving gender balance in this sector contributes to It plays a major role in achieving economic prosperity and social and family stability.
Future visions of rational leadership
Her Highness, President of the Emirates Council for Gender Balance, affirmed that strengthening the role of the private sector is essential in achieving sustainable development, and is a priority within the future and proactive visions of the wise leadership and its keenness to consolidate flexible and advanced legislative structures that have made the UAE one of the leading preferred destinations for living and residence, and have contributed to attracting major companies. It also made it a flexible, developed and more stable economic model in the face of global crises and future challenges.
In this regard, Her Highness indicated that the cumulative balance of foreign direct investments flowing into the country amounted to about 630 billion dirhams ($171.6 billion) during the 10 years from 2012 to 2021, a growth of 116%, according to the statistics of the Ministry of Economy.
Inspirational goal
Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum added that the inspiring goal of the initiative “the UAE private sector pledge to accelerate the fifth goal of the sustainable development goals and enhance gender balance in the private sector within the main axes to which private sector institutions voluntarily committed themselves, will be a model for the region and the world.” We are happy to share this qualitative experience with the global private sector, and we are also pleased with the interaction of local private sector institutions with this voluntary pledge, which has been joined by 56 national and international companies and institutions working in important economic and strategic fields in the UAE and many countries of the world, and during the coming period the announcement will be made Successively, other companies joined it.” Her Highness expressed her aspiration to work closely with the private sector during the coming period, in order to enhance the local and international achievements of the UAE in the field of gender balance.
Explore opportunities
In her turn, Mona Al-Marri stressed the importance of the topics raised for discussion during the seventh global balance session, which touched on the most prominent challenges of gender balance, and exploring current and future opportunities to overcome them, noting that eliminating obstacles to gender balance is a fundamental pillar for achieving economic prosperity, societal stability and growth. This is what the UAE has worked on since its inception, and is currently being reinforced by the wise leadership with pioneering legislation and policies that consolidate the rights and gains of women in the labor market, assign them to senior and leadership positions, and enhance their representation in decision-making positions.
Voluntary undertaking
During the inauguration of the episode, Al-Marri highlighted the “pledge to accelerate the fifth goal of sustainable development in the private sector” initiative, noting that it is a voluntary pledge by the UAE private sector and the result of two years of exchanging visions and ideas with the National Committee for Sustainable Development Goals on the best ways and practices to enhance the balance between Gender in this sector, and in particular raising awareness of the importance of ensuring the full and effective participation of women and equal opportunities at all levels of decision-making, and added that the pledge includes four main pillars to which the companies joining the initiative are committed, namely: ensuring equal pay, and promoting employment and promotion on the basis of equality gender, including senior leadership positions, mainstreaming a gender balance perspective in policies and programs governing work in companies to support employees, and finally being transparent and providing the Emirates Gender Council with the steps achieved in each company.
Perfect opportunity
Al-Marri said: “We are pleased that the companies that signed the pledge in its four stages during the year 2022 are meeting together in Davos for the first time, during the activities of the World Economic Forum, which represents an ideal opportunity to discuss the impact of this qualitative initiative and the value of joint work across various sectors to establish gender balance in all sectors.” Foundation and across the broader economy, and to illustrate the effects of the desired successes that can be achieved when government and the private sector work as partners united by one goal to find solutions to the various challenges related to gender balance.
The discussion touched on the benefits of joint work between governments and the private sector to develop initiatives at the national level by benefiting from this experience, especially since the companies joining this pledge belong to various economic sectors.
Manal bint Mohammed:
• "Enhancing the role of the private sector as a fundamental pillar of sustainable development is a priority within the future visions of the wise leadership."
• "The goal of the initiative (the Emirati private sector pledge to promote gender balance) is an inspiring model for the region and the world."
Mona Al-Marri:
• "The episode sought to explore current and future opportunities to overcome the challenges of gender balance at the global level."
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