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University of Vaasa - Vaasan yliopisto

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principles that are related to human rights, labor, environment, and anti-corruption.<br />

ADFEC will be a participant in UNGC soon. In addition, ADFEC is working with<br />

an international consultant to establish CSR policy and procedures for all its units<br />

and will be publishing its first CSR report this coming December. Also, ADFEC is<br />

working on getting all the needed ISO certifications that will increase its credibility<br />

among its stakeholders. CSR in Masdar extends beyond the common understanding<br />

<strong>of</strong> social responsibility, corporate philanthropy and green washing, it is the core and<br />

the integral part <strong>of</strong> ADFEC’s business. It is corporate responsibility that covers<br />

sustainability, societal norms, and strives to be the change in a local and a global<br />

platform.<br />

Table 3. ADFEC’s Role and Impact on Local and Global Sustainability<br />

ADFEC as a “Prime Mover<br />

Workforce<br />

Skilled<br />

Will reply in the short term on Expatriate but also<br />

ensuring the developing <strong>of</strong> national expertise by<br />

hiring and training UAE nationals<br />

Unskilled Will remain depending on expatriates<br />

Human Rights and<br />

Corruption<br />

Institutions<br />

Government Agencies<br />

Laws, Regulations, and<br />

Legislations<br />

Private sector<br />

Financial Institutions<br />

Taxes and Tariffs<br />

Establishing Code <strong>of</strong> Conduct and Contractors’<br />

Temporary Living Quarters Guideline and other<br />

related policies for employees and establishing<br />

decent labor villages in MASDAR City for the<br />

unskilled labor force living quarters in the city.<br />

Other related policies will follow<br />

Working and advising government agencies on<br />

energy reform policies, land use planning reform,<br />

etc.<br />

Advising the legal branch <strong>of</strong> the government to<br />

create laws that will facilitate and speed up RE<br />

projects<br />

Building the capabilities <strong>of</strong> the local private sector<br />

in UAE by allowing it to participate in the different<br />

projects and in implementing green supply chain<br />

Advising local banks, with the assistance <strong>of</strong> global<br />

financial banks, on how to participate in financing<br />

RE projects in the UAE and abroad.<br />

Negotiating with the local government to come up<br />

with the best tariff reform policy that will benefit<br />

all the stakeholders.<br />

High School Education Building environmental awareness<br />

Tertiary Education<br />

Research and Development<br />

Institutions<br />

Building relations with all local universities<br />

through MASDAR Institute to help develop their<br />

programs. 10-15% <strong>of</strong> students from local<br />

universities are considered to be main recruiting<br />

target for MASDAR Institute<br />

MASDAR Institute in the heart <strong>of</strong> the MASDAR<br />

Initiative. Full financial support to R&D. Hiring

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