DEWA won the award after a strong competition from 350 organizations short-listed following a rigourous evaluation process. DEWA competed against nominations from around the world including America, Asia, and Europe.
HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, received the award for DEWA, at the Global Risk Awards ceremony held at the Grand Connaught Rooms in London, UK, on 28 February, 2013, which was attended by leaders from over 350 organisations that specialise in Risk Management.
HE Abulrahman Al Mutaiwee, UAE ambassador to the UK, and a delegation from DEWA including Waleed Salman, Executive Vice President of Strategy and Business Development, Ali Al Muwaijei, Senior Specialist for Corporate Risk Management, Nasser Abbas, Senior Director-Treasury, and Kenneth McKeown, from Enterprise Risk Management, attended the ceremony.
"The international success of DEWA at the Global Risk Awards, judged by eminent experts from around the world, is a testament to the success of our vision to become a sustainable world-class utility, and in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to further improve the competiveness of government organisations and promote Dubai as a global hub for trade, finance and tourism," said Al Tayer.
"By winning one of the most prestigious risk management awards, we have proven to be a leading organization in applying and implementing the latest international standards in the field of risk management. We are committed to enhancing our organizational performance, DEWA is currently applying the best international standards in the field of risk management," added Al Tayer.
"DEWA has achieved results that rival and even beat benchmarks for the private sector, surpassing 10 of the best European and American companies in efficiency, availability and reliability. Network line loses were recorded at 3.5% in electricity, and 10.8% in water, which is considered an international achievement, as well as using the best possible power production and desalination equipment. DEWA's successes have contributed significantly to the UAE's occupying the 7th place globally for ease of access to electricity in the World Bank's Doing Business 2013 report," he aconcluded.
"DEWA effectively contributes to the social, economic and environmental development of Dubai by providing uninterrupted and stable electricity and water services, to achieve the vision of Dubai. We analyze risks in order to ensure safety for our employees and our business. Risk management is closely integrated with strategic planning, aimed at minimizing risks to ensure the continual success of our strategy and long-term operational plans. By mitigating risks, we prevent them from becoming key obstacles to the achievement of our corporate objectives on the short and long term," added Al Tayer.
"DEWA's accolade recognizes the its commitment to ensuring that its risk management function has the skills and knowledge needed to play a vital role in enhancing business performance, both now and in the future by investing in the development of their people. It is also clear evidence that DEWA's risk management activities have added value to their organization, leading to demonstrable improvements in business performance and results," concluded, Al Tayer.
"Winning this award is based on our top management's strong belief in the importance of risk management as well as their visionary plan to build up a sound governance system to manage risks and disseminate the concept of risk management effectively at DEWA. It comes also as result of a comprehensive plan to train the coordinators of jobs relevant to risk management. The collaboration of all DEWA divisions to implement this methodology in an integrated way can determine and identify risks affecting operational, financial, strategic, environmental, health and safety aspects. This sets precautionary and preventive plans to deal with such risks. All these are a clear testimony of DEWA's relentless pursuit to adopt best global practices to maintain our continuous commitment to excellence," said Salman.
Source: http://www.ameinfo.com/dewa-government-organization-region--win-331682
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