Riyadh, July 23, 2024 – Today, Falak Investment Hub is pleased to announce its official participation in the United Nations Global Compact (UNGC), reinforcing our commitment to sustainable and responsible business practices. As a participant of the UNGC, Falak joins a global network of companies dedicated to aligning their strategies and operations with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption.
“Joining the United Nations Global Compact is a significant milestone for Falak Investment Hub. This step underscores our dedication to integrating sustainable practices into our business model and supporting the global movement towards achieving the Sustainable Development Goals (SDGs). Our participation will enhance our efforts in fostering innovation and entrepreneurship while upholding our values of respect, community, innovation, and entrepreneurship,” said Adwa Al-Dakheel, CEO of Falak Investment Hub.
In line with this commitment, Falak is advancing its Flagship ClimateTech Accelerator Program, launched in partnership with Roots Ventures. This initiative aims to accelerate the development and deployment of innovative climate startups within their early stages that address critical environmental challenges in the Middle East and North Africa region. The program leverages Falak’s expertise in entrepreneurship and innovation, coupled with Roots Ventures’ experience in sustainability-focused venture building.
Ibrahim Abdulqader Alhelali, Executive Director of the UN Global Compact Network in Saudi Arabia, added, “We are thrilled to welcome Falak Investment Hub to our network. Their dedication to sustainability and innovation through initiatives like the Flagship ClimateTech Accelerator aligns perfectly with our mission to drive corporate responsibility and sustainable development. Falak’s commitment not only strengthens the Saudi business community’s role in achieving the Sustainable Development Goals but also exemplifies the kind of leadership needed to address the pressing environmental challenges of our time.”
Falak Investment Hub remains committed to supporting Saudi Arabia’s climate goals, including the Saudi Green Initiative and the Middle East Green Initiative, as part of the nation’s broader efforts to achieve net-zero carbon emissions by 2060. Through the Flagship ClimateTech program, we aim to contribute to these initiatives by nurturing startups that offer sustainable and impactful solutions.
We invite startups at the seed and post-seed stages with innovative climate solutions to join the Flagship ClimateTech Accelerator Program and be part of our journey towards a sustainable future.
For more information on our sustainability initiatives and to view our UNGC profile, please visit: Falak Investment Hub UNGC Profile.