Part of our commitment to the economic well-being of the communities we serve, we have been strong advocates for greater transparency, accountability and best business practices in the Gulf Region.
Crescent Enterprises is a proud founding partner of the Pearl Initiative, a by-business for-business non-profit organisation, developed in partnership with the United Nations Office of Partnerships, to promote a corporate culture of accountability, transparency, and good corporate governance practices for businesses within the Gulf Region. Crescent Enterprises supports the Pearl Initiative’s management team and engages with the wider community through event convenings and research activities.
Programmes and activities supported by Crescent Enterprises:
The Corporate Governance for Micro, Small and Medium-Sized Enterprises (MSMEs) was launched in 2017 to boost the resilience and competitiveness of the Gulf Region’s MSMEs, through the implementation of sound governance practices. Crescent Enterprises supported the programme in launching an online resource platform called ‘Corporate Governance Fundamentals’ where MSMEs can access free business guides, implementation toolkits and templates to strengthen their internal governance and the overall economy.
Governance in Philanthropy was launched in 2017 to support corporate and institutional donors to be more impactful in their giving. Crescent Enterprises continues to support the Pearl Initiative in convening regional donors to share insights, perspectives and strategies through which philanthropic giving can be enhanced across the Gulf region. In collaboration with the Bill and Melinda Gates Foundation, the Governance in Philanthropy programme launched the Circle platform, a one-stop database containing resources and tools to help regional philanthropists improve their strategic giving.
Crescent Enterprises also participated in the Pearl Initiative’s Business Pledge sessions, designed to commit senior business leaders and organisation to adhering to the principles of ethical and responsible corporate governance practices. Since its inception, the Business Pledge has received over 150 signatories from businesses across the Gulf Region.
Crescent Enterprises is a long-serving member of the United Nations Global Compact, a strategic policy initiative for businesses committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment, and anti-corruption. We are dedicated to working towards the United Nations Global Compact’s vision of a sustainable and inclusive global economy in an aim to positively impact society by improving our company’s performance.