Ananth Achanta

Crescent Enterprises carefully aligns its sustainability priorities with local and global priorities

We commit to create lasting social value through our operating businesses, strategic investments and throughout our business incubation activities. Our responsible environmental and social performance is integral to our business success. That is why we carefully consider the implications of our activities on the environment and the communities in which we operate, placing sustainability in the centre of our business strategy and our stakeholders at the core of our business models.


Our sustainability framework

This is the sixth consecutive year that we report progress against our sustainability framework, which helps us achieve our sustainability vision 'Enabling Sustainable Growth'.

Our sustainability vision:

Enabling Sustainable Growth

Enabling ethical business

Goal

To establish common systems and policies related to governance, transparency, and accountability across Crescent Enterprises’ operating businesses.

Pillar

Enabling responsible business operations through strong commitment to transparency and accountability.

Enabling a stronger society

Goal

To create a measurable positive impact in the communities in which we operate.

Pillar

Driving the socioeconomic development of our countries of operations.

Enabling stewardship of the planet

Goal

To establish a baseline for environmental performance and manage impact.

Pillar

Understanding Crescent Enterprises’ impact on the environment and identifying opportunities for improvement.

Enabling talent

Goal

To be recognised as an employer of choice.

Pillar

Being an employer of choice and supporting young people and entrepreneurs.


Our Contribution to the UN Sustainable Development Goals

Crescent Enterprises endorses the United Nations 2030 Agenda for Sustainable Development and seeks to align its operations and activities with and thereby contribute to the UN SDG, as well as with the GRI standards and the ten principles of the UN Global Compact. We also encourage other businesses in the MENA region to optimise their sustainability efforts and to likewise contribute to the SDGs.

SDG 1: No poverty

Why it matters

Ending poverty requires universal social protection systems and targeted measures to reduce vulnerability to disasters while addressing specific underserved geographic areas within each country.

Highlights of Crescent Enterprises’ contribution in 2018
  • We generate local employment opportunities through investments in our operating businesses and portfolio companies.
  • We empower youth and women through our corporate citizenship programmes.

SDG 3: Good health and well-being

Why it matters

Ensuring healthy lives and promoting wellbeing at all ages is essential to sustainable development.

Highlights of Crescent Enterprises’ contribution in 2018
  • We are committed to providing safe and healthy workplaces for our employees and to protecting people, property, and environments wherever we do business.
  • We invest in companies that help address medical and health challenges.

SDG 4: Quality education

Why it matters

Obtaining a quality education is the foundation for sustainable development. It can improve people’s quality of life and equip them with the tools to innovate solutions to the world’s challenges.

Highlights of Crescent Enterprises’ contribution in 2018
  • We provide our employees with continuous training on select topics ranging from soft skills and technical competencies.
  • We promote employability skills in local communities.

SDG 5: Gender equality

Why it matters

Gender equality is a fundamental human right and a necessity for a peaceful, prosperous, and sustainable world. Implementing legal frameworks for female equality in the workplace and eradicating harmful practices is crucial for gender equality.

Highlights of Crescent Enterprises’ contribution in 2018
  • We are a signatory to the UN Women’s Empowerment Principles and have pledged to give equal opportunity to men and women at our workplaces.
  • We support women in our organisation through progressive employment policies that include extended maternity leave and flexible working hours for new mothers.
  • We are invested in developing the careers of our female employees with training and capacity-building sessions.

SDG 8: Decent work and economic growth

Why it matters

A lack of good jobs and investments poses a challenge to eradicating poverty, requiring us to rethink our economic and social policies. Sustainable economic growth requires that societies foster the conditions for quality jobs and sound economies while preserving the environment.

Highlights of Crescent Enterprises’ contribution in 2018
  • We endeavour to build local supply chains and to support local suppliers and small and medium enterprises.
  • We provide a safe, fair, and empowering work environment and offer competitive benefits.
  • We enable entrepreneurs through strategic alliances and investments.

SDG 9: Industry, innovation, and infrastructure

Why it matters

Investments in infrastructure are crucial to achieving sustainable development and empowering communities.

Highlights of Crescent Enterprises’ contribution in 2018
  • Our platforms invest in infrastructure projects to support economic development, including in Palestine through an investment in Siraj.

SDG 10: Reduced inequalities

Why it matters

Inequalities based on income, sex, age, disability, race, class, ethnicity, religion, and opportunity persist worldwide—to the detriment of short- and long-term social and economic development.

Highlights of Crescent Enterprises’ contribution in 2018
  • We welcome all people through our inclusive, nondiscriminatory policies.
  • Many of our partner companies and ventures also enforce policies aimed at ensuring non-discrimination in the workplace.

SDG 11: Sustainable cities and communities

Why it matters

Cities are hubs for ideas, commerce, culture, science, productivity, social development, and more and will be home for a majority of people. As such, cities should provide opportunities for all, with access to basic services, energy, housing, transportation, jobs, and more.

Highlights of Crescent Enterprises’ contribution in 2018
  • We aim to reduce our environmental footprint, including by paying special attention to waste management.
  • We develop innovative businesses that address economic, social, and environmental challenges.

SDG 12: Responsible consumption and production

Why it matters

Sustainable consumption and production practices will reduce economic, environmental, and social costs and will help to lower poverty rates and to strengthen economic competitiveness.

Highlights of Crescent Enterprises’ contribution in 2018
  • We strive throughout our operations to reduce the waste we generate, to recycle the waste that we do generate, and to lower our consumption of resources.

SDG 13: Climate action

Why it matters

Climate change is a global challenge, affecting all countries and economies, to the community level. Without action, the world’s average surface temperature is likely to surpass 3°C this century.

Highlights of Crescent Enterprises’ contribution in 2018
  • We regularly educate our employees on the potential impact of climate change and motivate them to reduce their footprint on the environment.
  • We also strive to reduce our energy consumption from nonrenewable sources and to adopt energy-efficient practices.

SDG 15: Life on land

Why it matters

Biodiversity delivers multiple benefits, locally and globally. Along with enhancing ecosystems, it can be the basis for climate change adaptation and disaster risk reduction strategies.

Highlights of Crescent Enterprises’ contribution in 2018
  • We support biodiversity conservation initiatives through our corporate citizenship programmes.

SDG 16: Peace, justice, and strong institutions

Why it matters

Implementing efficient and transparent regulations and ensuring accountable institutions are essential to establishing peaceful and inclusive societies.

Highlights of Crescent Enterprises’ contribution in 2018
  • We are committed to the highest standards of integrity and accountability.

SDG 17: Partnership for the goals

Why it matters

A successful sustainable development agenda requires partnerships among governments, the private sector, and civil society. Such inclusive partnerships are needed at the global, regional, national, and local levels.

Highlights of Crescent Enterprises’ contribution in 2018
  • We frequently consult with our stakeholder groups to address their concerns.
  • We have committed to various partnerships, such as the Pearl Initiative, the UN Global Compact, among others, to drive engagement on ESG issues.

Sustainability Reporting

We have voluntarily reported on our environmental and social performance and that of our operating subsidiaries since 2013.

View all reports

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