Our Sustainable & Responsible Actions
DDCAP’s Commitment
DDCAP aspires to connect to the global Islamic financial market responsibly and supports awareness of the business and ethical case for responsible finance. DDCAP recognises that organisations and firms across our industry are working to translate their own vision into responsible, sustainable policies and procedures that produce positive social and environmental outcomes as well as delivering financial results. We are actively engaging with other stakeholders to encourage these initiatives.
DDCAP’s own commitment to Sustainable & Responsible Actions (SRA) is reinforced on an ongoing basis across our corporate environment and infrastructure, our business offerings, our engagement with third parties and our service providers. DDCAP’s contractual undertakings with clients and vendors confirm our adherence to SRA and advise our counterparties that we will spread awareness by promoting responsible practices through our own actions.
DDCAP recognises that there are many facets to sustainable and responsible finance and, as part of its SRA commitment, DDCAP encourages and supports initiatives to promote best practices in the financial and professional services industry as a whole.
United Nations’ Sustainable Development Goals (SDGs)
The 17 Sustainable Development Goals (SDGs) came into effect in January 2016. As the core of the UN’s 2030 Agenda for Sustainable Development, the 17 SDGs set targets to address social and economic development issues which will guide the United Nations Development Programme (UNDP) policy and funding until 2030 through its work in some 170 countries and territories. As stated by the UNDP, achieving the SDGs requires the partnership of governments, private sector, civil society and citizens alike to make sure a better planet is left for future generations.
DDCAP strongly identifies with the targets and objectives set for SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 9 (Industry, Innovation and Infrastructure), SDG 13 (Climate Action) and SDG 17 (Partnerships for the Goals – Strengthen the means of implementation and revitalize the global partnership for sustainable development), and is working in support of the international initiative to achieve them. Additionally, DDCAP chooses its commodity based on sustainability and responsibility concerns which helps to promote the spirit of SDG 12 (sustainable production and consumption). We aim to embed these considerations into our business activity corporate infrastructure, internal policies as well as our corporate social responsibility (CSR) programme.
In November 2016, DDCAP became the first and only intermediary in the Islamic financial services industry to become a signatory of the United Nations’ endorsed Principles for Responsible Investment (PRI). Having been an observer member of the RFI Foundation since 2015, we were elevated to full member status in October 2019.
In April 2020, DDCAP became a Stakeholder Endorser of the UN Environmental Programme Finance Initiative’s (UNEP FI) Principles for Responsible Banking, publicly demonstrating our commitment to a global banking sector that aligns with the vision for society, people and planet described in the SDGs.
In October 2021, ahead of COP26 and in support of DDCAP’s work in the region, DDCAP became a signatory to the BMCC Climate Action Pledge. The BMCC Climate Action Pledge was launched with support of the British High Commission in Kuala Lumpur, Malaysia (BHCKL) and the UN Global Compact Malaysia and Brunei (UNGCMYB). The BMCC Climate Action Pledge started as an avenue to raise awareness about climate change and implement climate-related initiatives amongst organisations and business that have yet to commit to any climate-related goal. Equally, organisations that have committed to other climate goals are also welcome to sign up to this pledge and be part of this network.
To find out more about these organisations and the SDGs, please click the links below:
