Increasingly, companies worldwide need real solutions to be supported in adhering to the principles of sustainability. In particular, the evaluation of the entire production process and supply chain is crucial, which contributes on average to 90 per cent of a company's overall impact.
Synesgy is the digital platform developed by CRIF, a global company specialising in credit information and business information systems, analytics, outsourcing, and processing services, as well as advanced digital solutions for business development and open banking. Besides a global network of leading companies, they are leaders in their market to provide each company with its own solution, including the whole supply chain, regarding the various dimensions of sustainability (environmental, social, governance).
Synesgy also supports the banking sector by creating value through sustainable finance, supporting credit policies, commercial strategies, supply chain selection, risk management, and funding.
In the United Arab Emirates, Synesgy is managed by CRIF Gulf, a leading company in the supply of information for the management of international supply chains and in evaluating UAE and foreign companies who has partnered with AJMS Global Consulting, a leading Super-Brand in the UAE pioneering ESG implementation across GCC region to localise the platform based on the regional regulations and industry standards.
The Synesgy methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, the Carbon Disclosure Project, and Taxonomy guidelines, and benefited from the collaboration with the Credit Ratings Agency of the CRIF Group, which for years has been incorporating ESG factors in assigning the issuer rating of non-financial companies.
Transparency, collaboration, and sustainability are at the heart of the Synesgy network to drive companies toward a positive impact on the environment and society and implement corporate governance forms based on ethical criteria.
Manjeet Singh Chhabra, the Managing Director of CRIF GULF DWC LLC (Dun & Bradstreet), said, “We are delighted to launch Synesgy in the UAE. ESG is becoming more mainstream with new regulations to comply with on the one hand and leading organisations' own need to act responsibly on the other. There was a time ESG was a topic that resonated only with the large global corporations, especially with large and complex supply chains, but we now see interest from across the board. Synesgy is easy to roll out. It gives great insights and benchmarks to companies on their own ESG awareness and adaptation; it also empowers them with ESG information on their entire supply chain. We are happy to partner with AJMS who brings the local expertise on the subject and supported us in localising the platform”
Abhishek Jajoo, Founder and Group CEO, AJMS Global commented, "There is an increasing demand for sustainable and socially responsible practices within the Gulf region, where the UAE is leading this global initiative. The sustainability drive is evident in letter and spirit as not only does the Dubai Industrial Strategy 2030 commit to elevate the emirate into a global platform hosting knowledge-driven, sustainable, and innovation-focused businesses but also Environment Vision 2030 for the emirate of Abu Dhabi aims to integrate the three pillars of sustainability, i.e., environmental, economic, and social outlook. In a time when stakeholders around the world are calling for transparent disclosure of information concerning the ESG issues from their partners, we are delighted to support CRIF in this noble initiative through our expertise in structuring the compliance and technological platforms based on local regulations and standards."
For more information, please visit: Synesgy - United Arab Emirates
LinkedIn: Synesgy Linkedin
Email us to know more at esguae@crif.com
