Friday, September 17, 2021

Travel, Tourism & Hospitality

DAE receives ESG 'Low Risk' Rating score of 14.1
September 2021 164
Dubai Aerospace Enterprise (DAE) Ltd, a global aviation services company, has announced that it has received an ESG Risk Rating score of 14.1 which was assessed by Sustainalytics to be ‘Low Risk’ category.  
This follows the publication in June 2021 of DAE’s inaugural Environmental, Social, and Governance (ESG) Report.
On the publication of the ESG Risk Rating, CEO Firoz Tarapore said: “Our ESG Risk Rating is the lowest of any company in our industry, and it demonstrates the effort that our team has put in over the past 18 months to strengthen our ESG risk management and framework. 
"DAE is pleased to be recognised by Sustainalytics for our efforts, and we look forward to continuing to engage with our stakeholders on ESG issues.”
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. 
This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e. a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. 
Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: Negligible, Low, Medium, High and Severe.
Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle.-TradeArabia News Service

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