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Dubai Electricity and Water Authority (DEWA) has fulfilled the requirements for the British Standard (BS 13500:2013) Code for Practice for Delivering Effective Governance, becoming the first utility in the world to implement this global standard. The achievement underlines DEWA’s commitment to implementing the highest international corporate governance standards. DEWA received the certification after a thorough auditing process by the British Standards Institute (BSI) to ensure DEWA’s processes are in line with effective governance standards.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA received the certificate from BSI delegation headed by Omar Rashid, General Manager of BSI Middle East and Africa. Nasser Lootah, Executive Vice President of Generation, and Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources at DEWA, were present.
“Effective governance is key to realising DEWA's vision to become a sustainable innovative world-class utility. DEWA is committed to implementing the best corporate governance practices based on an integrated framework that covers all its activities and operations. DEWA follows the Organisation for Economic Co-operation and Development (OECD) guidelines on Corporate Governance for State Owned Enterprises, World Bank guidelines, and other international standards such as BS 13500. Receiving the British Standard Code for Practice for Delivering Effective Governance underlines DEWA’s success in implementing effective governance. This supports our efforts to develop government work and achieve excellence in government services. This in turn, contributes to achieving the objectives of the UAE vision2021, and the Dubai Plan 2021, which aims for the Government of Dubai to be pioneering, excellent, transparent, reliable, and sustainable and innovative in the management of its resources," said Al Tayer.
Al Tayer noted that DEWA’s governance model is based on the four pillars of Trust, Accountability, Transparency and Fair Practices. Implementing effective governance practices has helped DEWA achieve global competitive results that outperform leading European and American utilities. DEWA recorded 3.3% losses in its electricity transmission and distribution networks compared to 6-7% recorded in Europe and the USA. Water network losses decreased to 7.1%, compared to 15% in North America. DEWA also reduces Customer Minutes Lost (CML) to 2.68 minutes compared to 15 minutes recorded by leading utilities in the European Union. The UAE, represented by DEWA ranked first globally for getting electricity, according to the World Bank’s Doing Business Report 2018.
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