ESG Principles: Opportunities and Risks for Startups

ESG is a 40 trillion industry worldwide. Many think executives should be looking into incorporating ESG principles in their organizations. Ahmed Al Naqbi of Emirates Development Bank, Abdullah Mutawi of Al Tamimi, Jihad Sadiq of FortyGuard and Shaker Zainal of MBRIF talk through the process of adopting ESG, governments' and startups' roles, self-regulation, and incentivizing ESG practices.

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QUOTES

"Us all working together is gonna allow this to make a shift, not only in the UAE but globally as well."

"Corona has actually been a big ESG catalyst."

"Investors are going to be driving a lot of the demand that ESG has implemented as well."

"Every stakeholder in the ecosystem has a role."

"It's very easy to practice ESG because you don't need to change, you just need to create."

"The duty that we have with ESG is also to try and have an exponential network effect."

"It's not just about implementing ESG principles within an organizational structure, but it's also imposing it on the supply chain."

"Don't buy goods and services from anyone, unless you've audited and vetted their own ESG practices."

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HIGHLIGHTS

4:23 - Adopting ESG principles

8:41 - Self-regulation

12:05 - Startup perspective

15:37 - Embedding ESG in culture & its adoption in local countries

22:44 - Future of ESG

25:39 - Q&A

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