World Economic Journal Issue 43 September 2024 | Page 30

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[ ANALYTICS ]

International Holding Company ( IHC ) is one of the largest and fastest-growing conglomerates in the United Arab Emirates ( UAE ). Established in 1998 and headquartered in Abu Dhabi , IHC operates across a diverse range of sectors including healthcare , real estate , agriculture , food and utilities . The company is known for its aggressive expansion strategy , acquiring and investing in various highgrowth industries both domestically and internationally to assert itself as a global player .

The company continues to focus on growth through investments in renewable energy and technology .

IHC shows commitment to ESG , emphasising sustainable practices and green energy investments to minimise its environmental impact . It also actively supports healthcare , education and community development initiatives . On the governance front , IHC prioritises transparency , ethical practices and strong adherence to international standards , aligning its growth strategy with a longterm focus on sustainability .

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BANCO

INTERNATIONAL HOLDING COMPANY

DO BRASIL

Banco do Brasil , founded in 1808 , is one of the largest and most established financial institutions in Brazil , playing a significant role in the country ’ s banking sector . This state-controlled entity provides a comprehensive portfolio of services encompassing retail and corporate banking , investment banking , insurance and asset management . The bank ' s operations are critical to Brazil ' s financial system , serving a vast customer base with both domestic and international reach .

Banco do Brasil continues to invest in digital innovation and technological advancements to remain competitive in an evolving financial environment . Banco do Brasil adheres to stringent ESG criteria , with an emphasis on sustainable finance to minimise environmental impact , including through the promotion of green projects and renewable energy investments . Socially , the bank seeks to advance financial inclusion , education and community development across Brazil . From a governance perspective , Banco do Brasil maintains a strong commitment to transparency , ethical business practices and regulatory compliance .

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The Agricultural Bank of China Ltd . ( ABC ), established in 1951 , is one of the foremost state-owned financial institutions in China . It plays a crucial role in supporting China ’ s economic development , particularly in the agricultural sector and rural areas . ABC provides a comprehensive array of financial services , including retail and corporate banking , wealth management , and investment products , serving both rural and urban populations . The bank prioritises the enhancement of its technological infrastructure to align with the evolving demands of the financial sector .

ABC places significant emphasis on sustainable finance , actively financing environmentally responsible projects and promoting initiatives aimed at reducing environmental impact . Socially , the bank is committed to advancing financial inclusion , with a strong focus on poverty reduction and improving access to financial services in rural and underdeveloped regions . In terms of governance , ABC adheres to rigorous standards of transparency , ethical conduct and regulatory compliance .

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AGRICULTURAL BANK OF CHINA LTD .

EMIRATES TELECOM ( ETISALAT GROUP )

Emirates Telecom , which operates under the brand Etisalat Group , is a leading state-owned telecommunications provider in the United Arab Emirates . Established in 1976 , the company plays a critical role in advancing the nation ’ s telecommunications infrastructure , offering a wide range of services , including mobile and fixed-line broadband , digital television and enterprise solutions .

Etisalat Group is recognised for its contribution to the UAE ’ s digital transformation and its support for government initiatives aimed at fostering innovation and technological advancement . It continues investing in expanding its technological capabilities , including 5G networks and digital services , in line with both domestic and international market evolutions ..

Etisalat Group shows commitment to robust ESG standards , aligning with the UAE ’ s national sustainability goals . The company places strong emphasis on reducing its carbon footprint through energy-efficient technologies , and on promoting digital inclusion across the region . Etisalat Group also contributes to education , innovation and community development initiatives , supporting the UAE ’ s ambition to become a global leader in digital innovation . In terms of governance , the company adheres to high standards of transparency , ethical business practices and compliance with local and international regulations .

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WEJ | September 2024