WHAT DINA THINKS: Yahsat Joins UN's Global Sustainability Initiative

Al Yah Satellite Communications Company PJSC (ADX: YAHSAT), the prominent UAE satellite solutions provider, has set a new industry benchmark by becoming the inaugural UAE space technology company to join the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative.

In a pivotal announcement, Yahsat has underscored its commitment to embed the UNGC's ten fundamental principles into its operational framework. These principles span critical areas such as human rights, labor standards, environmental stewardship, and anti-corruption measures. This strategic move signifies a resolute dedication to adopting responsible and ethical business practices.

Ali Al Hashemi, Yahsat's Group Chief Executive Officer, conveyed the company's pride in joining the UNGC. He emphasized the significance of integrating these principles into Yahsat's core business, highlighting the company's unwavering commitment to transparency and accountability in all actions impacting both people and the planet. Hashemi also pointed out that Yahsat's strong history of ethical governance practices positions the company as an ideal UNGC member, focused on fostering a sustainable future for all.

Yahsat aims to intricately weave these principles into every facet of its sustainability and Environmental, Social, and Governance (ESG) strategy. The objective is to ensure these principles are rigorously implemented across the entirety of its operations, showcasing a firm dedication to ethical and responsible business conduct.

Moreover, the company is geared to actively participate in collaborative projects that align with the sustainability vision of both the United Nations and the United Arab Emirates. The focal point of these initiatives will revolve around advancing the Sustainable Development Goals (SDGs), echoing Yahsat's commitment to building a sustainable future for the global community.

This landmark decision by Yahsat holds tremendous significance not only within the space technology sector but also in the broader landscape of global sustainability initiatives. It showcases how pioneering entities in niche industries like space technology are taking proactive steps to contribute to global sustainability and responsible practices.

Yahsat's initiative signifies a groundbreaking convergence of space technology and global sustainability efforts. It sets a precedent for other companies within the industry to follow suit and proactively contribute to the larger vision of a sustainable future.

In summary, Yahsat's move to join the UNGC marks a monumental leap forward, demonstrating the company's commitment to ethical governance and sustainability. It presents an inspiring example of how a space technology company is aligning its operations with global sustainability goals and striving to create a positive impact on a global scale.

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