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JAGGAER, a global leader in enterprise procurement and supplier collaboration, today released its third Environmental, Social and Corporate Governance (ESG) Impact Report for 2023. JAGGAER helps its customers to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. By simplifying and streamlining procurement, JAGGAER helps these customers and other stakeholders to achieve their ESG objectives by embedding ESG in its software and solutions.

The company also recognizes that in addition, it must take a lead in pursuing its own ESG best practices internally. Introducing the report, JAGGAER CEO Andy Hovancik states, “I’m thrilled to serve as a catalyst for accelerating business outcomes with JAGGAER’s thousands of global customers and partners. Our latest ESG Impact Report recognizes enhancements to our best-in-class ESG offering for customers, engaging environment for our talent, and ambitious environmental targets in 2023.”

Hovancik added, “Our technology is playing an increasingly important role in helping customers make a positive impact on the environment and society and improve governance through greater transparency.”

Further external validation came from EcoVadis, the leading provider of business sustainability ratings. In 2023 JAGGAER was awarded a Silver Medal for its overall sustainability rating, putting it in the top 9% of the ‘Data processing, hosting, and related activities industry’, and the top 20% of all companies EcoVadis rated in that year.

JAGGAER sets high expectations with respect to the company’s Environmental, Social and Governance targets, which are inspired by current business sponsor, Cinven, a signatory to the United Nations Principles for Responsible Investment (UNPRI). The following are some highlights from this latest ESG report:

Environmental

JAGGAER reports that it is on course to meet its Plan Zero emission targets, which have been verified by the Science Based Target initiative (SBTi).  JAGGAER has achieved a 28% reduction in overall Scope 1 and Scope 2 emissions compared to 2021. Furthermore, Scope 3 emissions, which account for 92% of JAGGAER’s total emissions, have been reduced significantly compared to the 2021 baseline.  The Scope 3 reduction is partly due to the migration of JAGGAER services to a third-party cloud-based hosting infrastructure provider, Amazon Web Services (AWS).

Social

The Impact Report highlights JAGGAER’s achievements in community engagement and talent management. Every JAGGAER employee is offered two days of paid volunteering time each year. In 2023, the company saw an increase in uptake of 156% across the organization. This equals just over 300 hours of time given back to local communities across the countries and regions where it has offices.

JAGGAER further reports on global employee wellbeing initiatives to enhance its organizational culture. It gained external recognition for its efforts, including being named a 2023 Gallagher Best-in-Class Employer in North America. Progress was also made on diversity, equity, and inclusion (DEI). Women account for 42% of the global workforce and 43% of the Executive Leadership Team, up from a third in the previous year. JAGGAER employees are drawn from 40 different nationalities.

Governance

JAGGAER took steps to strengthen its governance structures in 2023. Jeff Laborde, JAGGAER CFO and ESG Sponsor, said, “I am working closely with the Executive Leadership Team, the ESG Task Force and ESG Manager to ensure that we approach ESG holistically. In terms of our overall orientation, we aim to be adaptable to the business environment by embracing changing customer demands, regulations, and expectations for innovation with products, partners, and processes.”

As Data Privacy and Information Security is one of the most material topics for JAGGAER, the Company remains transparent around its best practices to ensure data privacy and information security. The 2023 ESG Impact Report highlights JAGGAER Security and Compliance Certifications and Assurance, the mandatory compliance training achievements and connected targets.

An important example in 2023 was the need to update security policies in the light of the artificial intelligence revolution. JAGGAER is currently defining the responsible use of AI in alignment with the NIST AI Risk Management Framework, part of NIST’s Trustworthy & Responsible Artificial Intelligence program. Moreover, the company is monitoring regional and governing body developments, such as the latest ISO 42001 standard. “Our approach to AI is top-down, with responsible use guidance now included in our Information Security Policy and training,” Laborde concluded.

About JAGGAER:

JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce.

For more information, visit www.jaggaer.com.

Media Contact
SAI KEMKAR
Account Executive
E-mail : sai.kemkar@shamalcomms.com

Women in Sustainability, Environment, and Renewable Energy (WiSER) – a global initiative established by the UAE’s two leading sustainability champions, Masdar and the Zayed Sustainability Prize – has opened applications for its 2025 WiSER Pioneers Program.

First launched in 2018, the year-long WiSER Pioneers Program offers women from across the world access to bespoke educational workshops and global networking opportunities with industry experts, supporting them to reach their full potential.

Empowering young women to take a leading role in the global transition to a net-zero future, the Program provides participants with a platform to make their voices heard and equips them with the knowledge and skills necessary to lead meaningful change.

The WiSER Pioneers Program is open to women aged 25 to 35 who are currently employed or self-employed with a degree in a field related to the environment, energy, sustainability, or science, technology, engineering and mathematics (STEM) disciplines, with a minimum of two years of work experience.

Dr Lamya Fawwaz, Executive Director for Brand & Strategic Initiatives, Masdar, and Program Director of WiSER, said: “The Pioneers Program is a cornerstone of WiSER’s enduring commitment to empower young women with the knowledge, skills, and confidence to lead the charge toward a sustainable future. Since its inception in October 2018, the Pioneers Program has been equipping participants to become bold leaders in the global energy transition, and creating a supportive community of talented sustainability professionals. I encourage all aspiring changemakers who are passionate about climate action to seize this opportunity and apply for the 2025 program."

The multi-disciplinary WiSER Pioneer Program encompasses a number of key activities that focus on skill acquisition and enhancement, career advancement and networking opportunities. These include tailor-made workshops and training sessions aimed at enhancing skills in sustainability, clean energy, and leadership.

Pioneers have the opportunity to participate in the annual WiSER Cares initiative, an active learning experience focused on promoting community development through cultural exchange. The 2024 WiSER Cares trip saw 18 women complete a five-day course on adaptive agriculture in Marrakesh, Morocco.

WiSER’s mentorship scheme also plays a pivotal role in helping Pioneers advance their careers, through one-to-one mentoring sessions with senior figures from various industries.

In addition, WiSER actively participates in global events and conferences such as Abu Dhabi Sustainability Week (ADSW) and COP, providing a platform for Pioneers to learn, contribute to global discussions, and connect with industry leaders, policymakers, and sustainability professionals.

Reflecting on the program, Hind Alhosani, a 2023 Pioneer from the UAE said: “The program’s focus on empowering women in the energy sector aligned perfectly with my passion for promoting gender equality and contributing to the global transition to a net-zero future. As a WiSER Pioneer, I had the opportunity to collaborate with like-minded professionals, participate in high-impact projects, and contribute to meaningful change in the global energy landscape. Additionally, the mentorship and knowledge exchange within the program have been invaluable. ”

Praise for the program also came from Sandra Leyva, a 2024 Pioneer from Mexico: “The WiSER Pioneers program is a community of women leaders who understand that the challenges we face demand more than incremental change. Through WiSER, I’ve gained tools, expanded my network, and been given a platform to drive this transformation. I am learning from disruptive leaders who are pushing the boundaries of what is possible, and I am collaborating with fellow pioneers who are with me on the journey of finding our voice as an advocate for the policies and practices that will carry us forward. ”

The 2025 WiSER Pioneers will be the eighth cohort of the initiative. To date, more than 130 professional women representing more than 30 nationalities have graduated from the WiSER Pioneers Program.

WiSER is a global initiative dedicated to empowering women to be drivers of sustainable change and innovation. WiSER is born of the UAE leadership’s longstanding and continuing commitment to the role of women; a commitment traced directly back to the vision of the late founding father Sheikh Zayed bin Sultan Al Nahyan. Aligned to global net-zero goals, WiSER is also rooted in a recognition that more needs to be done to support women in the global mission to tackle climate change. 

For further information on WiSER visit: https://masdar.ae/en/strategic-global-initiatives/wiser

To apply for the 2025 WiSER Pioneers Program visit: https://masdar.my.site.com/WISER

Schneider Electric, the leader in the digital transformation of energy management and automation, today released its sustainability performance scores for the second quarter of 2024, alongside its half-year financial results. Tracking and disclosing the quarterly progress of Schneider's Sustainability Impact (SSI) program is central to achieving its 2021–2025 global and local ambitions, contributing to its six long-term sustainability commitments.

Just last month, Schneider Electric topped the list of "World's Most Sustainable Companies for 2024" compiled by TIME Magazine and Statista, further emphasizing the strategic importance it places on sustainability impact. This recognition underlines Schneider Electric's climate leadership in setting ambitious targets and its expertise in helping customers become more energy efficient and reduce their emissions.

"Coming top in TIME's list of most sustainable companies confirms just how much ambition and dedication are needed to decarbonize value chains and evolve business models," said Xavier Denoly, Senior Vice President of Sustainable Development at Schneider Electric. "With one and half years to meet our 2025 sustainability ambitions, each of Schneider's transformative global and local initiatives helps us to steadily and deliberately build on our achievements and strive for long-lasting impact."

This quarter, Schneider Electric kept up the pace on:

At the end of the quarter, Schneider's Sustainability Impact score came in at 6.78, on track to reach the 2024 end-year objective of 7.40 out of ten. Find more details in the Q2 2024 report of Schneider’s Sustainability Impact program, including the progress dashboard:

Other key second-quarter sustainability highlights:

Related resources:

See Schneider Electric’s Half-year 2024 Financial and Extra-financial release. Schneider Electric’s Environmental, Social and Governance (ESG):

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.
Hashtags: #ESG #ImpactCompany #Sustainability

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has set a new standard in sustainability by becoming the global leader with the highest number of Leadership in Energy and Environmental Design (LEED) Platinum certifications. The bank has been awarded 16 LEED Platinum certifications, the highest sustainable building rating by the U.S. Green Building Council (USGBC), further affirming its position as an industry pioneer.

As of September 2024, Emirates NBD has achieved 35 LEED Platinum and Gold certifications across the UAE, KSA and India branches - the recently opened King Abdullah Financial District (KAFD) branch achieving a significant milestone as the first bank in The Kingdom of Saudi Arabia to attain a LEED Platinum certification. Additionally, the bank is the first financial institution in the Middle East to receive the Parksmart Gold certification for its parking facility in Nad Al Sheba, Dubai.

In 2024 alone, 20 of Emirates NBD’s branches across the UAE, KSA and India were awarded LEED Platinum and Gold level ratings, the highest rating achievable internationally. Most recently, the Emirates NBD branches at Dubai International Airport Terminal 3, Ibn Battuta Mall and Electra were awarded LEED Platinum (v4 Interior Design and Construction), while Al Taif branch received Gold.

Eman Abdulrazzaq, Group Chief Operating Officer at Emirates NBD, said: “We are humbled and honoured to lead the way with the highest number of LEED Platinum certifications globally. As a leading bank group in the Middle East, we are committed to environmentally responsible business practices to achieve the world-class standard of green building performance. Sustainability is a shared responsibility, and it is our endeavour to set the flagship example for other organisations and encouraging our colleagues, customers and community to partner alongside.”

Vijay Bains, Group Chief Sustainability Officer and Head of ESG at Emirates NBD, said: “As a pioneer in sustainability initiatives in the region, we are proud to receive this notable and prestigious milestone, a testament to the bank’s efforts toward Net Zero, aligning with the UAE’s Green Agenda 2030 and Vision 2050. Sustainability is an essential pillar in our overall strategy and this achievement further reinforces our aspiration to create a greener future for the banking industry and community.”

Deepthy K B, Regional Director, GBCI Middle East, said: “We congratulate Emirates NBD on achieving LEED Platinum and Gold level certifications across its retail branches. This remarkable milestone recognises Emirates NBD’s consistent commitment as a financial institution to embrace the highest possible levels of sustainability, emphasising the bank’s social responsibility to your stakeholders. Emirates NBD’s continued efforts in the ESG and built environment space sets an example for the region and beyond to follow, offering optimal environmental performance, enhanced human comfort and an exemplary in-person banking experience through the LEED certified branches.”

The LEED framework, developed by USGBC, is the foremost program recognised for implementing several sustainable strategies including energy efficiency, water conservation, waste management, transportation and human experience. LEED is the most widely used sustainable buildings rating system in the world. It provides a framework for healthy, highly efficient and cost-saving sustainable buildings and has gained global recognition for its comprehensive approach to evaluating and certifying sustainable building practices.

UAE-based Rebound, a subsidiary of Sirius International Holding, is setting a new standard with the launch of its new subscription-based platform for recyclable materials. The innovative platform is designed to transform the recycling industry by connecting buyers, sellers and partners of recyclable materials worldwide.

The new platform features a subscription-based model with 0% commission on trades, enhancing profitability while promoting sustainability. This expansion not only broadens the platform’s offerings but also reinforces Rebound’s commitment to create a circular ecosystem for recycling. By integrating stakeholders and ensuring seamless processes, the platform goes beyond traditional material recycling, promoting transparency, efficiency, sustainability and environmental responsibility.

Rebound's platform has grown to include a broader range of materials including plastics, rubber, e-waste, metal, paper and cardboard, making it a versatile hub for industry players. Members benefit from dedicated account managers, real-time price indices, and access to a community page for industry-related discussions.

Maryam Al Mansoori, Founder & General Manager of Rebound, said: "Rebound is more than a marketplace; it represents a revolution in global recycling. Our all-encompassing solution built on local insights and international expertise, empowers the industry to meet sustainability demands while supporting the UAE’s commitment to achieving net-zero goals."

Rebound’s platform expansion comes at a crucial time for the recycling industry as the UAE’s plastic recycling market alone is projected to reach 1.44 million tonnes by 2030, a reflection of the growing demand for sustainable solutions.

Aligned with the UAE's Green Agenda 2030 and Integrated Waste Management Strategy 2021-2041, Rebound is at the forefront of waste management innovation. With a team of Emirati talent and global expertise, the platform is set to play a crucial role in reducing environmental impact and transitioning to a circular economy.

For more information, please visit www.reboundmaterials.com , LinkedIn, Instagram, and X.

About Rebound

Rebound was established with a global mission of keeping materials of the environment and within the economy, to become part of the solution to reducing pollution. Rebound, a subsidiary of Sirius International Holding, has been founded to address these challenges through their trading platform along with their advisory services. To know more, visit www.reboundmaterials.com, LinkedIn, Instagram, and X.

For Media Inquiries:
Mai Hajouj
Current Global
MHajouj@currentglobal.com

Yassamin Homayouni
Rebound
Yassamin@reboundplastic.com

The General Command of Abu Dhabi Police and the Environment Agency - Abu Dhabi (EAD) signed a Memorandum of Understanding to help protect the environment in the emirate.

As part of the MoU, the two organisations will work together to enforce legislation to conserve and raise awareness of the environment, and work towards adopting sustainability practices in line with the UAE’s Year of Sustainability.

The MoU was signed by Major General Maktoum Ali Al Sharifi, Director-General of Abu Dhabi Police; and Dr. Shaikha Salem Al Dhaheri, Secretary-General of EAD, in the presence of several officials from both parties.

Al Sharifi stressed the importance in enhancing cooperation and partnerships with various government agencies and coordinating closely to achieve strategic goals and joint future aspirations.

He explained that the MoU enhances the joint work and outlines the main features of the most important requirements and developments that contribute to improving environmental protection and preservation which can help achieve sustainability by adhering to environmental laws and regulations.

Dr. Shaikha Al Dhaheri said, “This MoU aims to enhance the cooperation between the EAD and the General Command of Abu Dhabi Police and activate joint environmental initiatives to help achieve environmental security and prosperity for the community, in line with the directives of the Abu Dhabi government."

She expressed EAD’s pride in this partnership, which emphasises the important role played by the General Command of Abu Dhabi Police in the field of environmental protection, and the implementation of environmental laws and regulations.

As part of the partnership, The General Command of Abu Dhabi Police and EAD will establish a mechanism to control legal violations, take measures that fall within their jurisdiction, benefit from the expertise of the two parties and develop capabilities in the field of environmental protection.

A joint platform will be established between the two parties to address key environmental challenges and activate control to protect and preserve the environment. There is a plan to raise public awareness about environmental laws and their violations through awareness campaigns. The application of functioning and developing smart monitoring systems will also be adopted. Furthermore, a comprehensive training plan for relevant authorities will be formulated to help ensure the best practices are followed.

Source: Esraa Esmail, WAM (Emirates News Agency)

In the latest edition of its annual Sustainability & Environmental, Social, Governance (ESG) report, ALEC, part of the Investment Corporation of Dubai (ICD), has detailed the clear and measured advancement it has made in the sustainability of its operations as well as in upskilling and enhancing wellbeing of its employees.

Notable among the Group’s environmental initiatives across UAE operations in 2023 is its investment in solar energy, with a cumulative installed capacity of 3.024 MWp across the Group’s facilities, with plans to increase this further in 2024. ALEC has also deployed solar-diesel hybrid generators across three of its main construction sites in the UAE to reduce its diesel consumption.

Through substantial investment and innovation, ALEC continued to lead the way towards a greener future for the regional construction industry. In 2023, LINQ delivered more than 500 modular units, supported by ALEMCO’s modular MEP arm, and manufactured at its facility in Dubai Industrial City, for projects across the GCC. LINQ had received a structural system approval from Dubai Municipality for the city’s first multi-storey (G+6) modular volumetric building system.

"2023 marked a pivotal year for sustainability in the Middle East, highlighted by the UAE’s hosting of COP28, the annual United Nations (UN) Climate Change Conference, and the extension of the Year of Sustainability to include 2024 as well as the GCC Exchanges Committee’s unified ESG Disclosure Metrics, all with the aim of encouraging sustainable practices and collective action. While our dedication to sustainable and socially responsible operations has always been a cornerstone of our strategy, these commendable government actions have further galvanised our efforts,” said Barry Lewis, CEO at ALEC.

Last year, in support of the UAE’s Net Zero Vision, the Group signed the UAE Real Estate Climate Pledge in collaboration with the UAE Ministry of Climate Change and Environment.

Being the industry leader, ALEC aims to elevate the entire sector and has worked to enable its clients and industry peers to operate more sustainably. AJI Rentals, the Group’s equipment-leasing business, made considerable investments that now enable its clients to opt for lithium-powered mini-cranes, solar-diesel hybrid generators, and diesel-free battery energy storage and supply systems.

Over the years, eight projects that the Group delivered successfully achieved LEED certifications. In the UAE, three projects delivered by the Group were awarded Pearl 2 Estidama Rating, with an additional three on track to soon receive their Pearl 2 Estidama ratings.

As a participant of the United Nations Global Compact, the Group works on enhancing its commitment to integrate principles of human rights, labour rights, environmental protection and anti-corruption into its business, and reports publicly on its progress.

“We take pride in the diverse 24,000-strong workforce, in which 60 nationalities are represented, and our initiatives that foster a healthy and inclusive workplace, of which the introduction of dedicated nursing rooms for new mothers across our main corporate offices is just one example,” said Lewis.

The company's strong emphasis on learning and development resulted in 3,082 workers being upskilled, 31 of whom were then promoted to staff positions. Additionally, ALEC’s Community Impact initiatives have positively affected the lives of more than 12,000 beneficiaries, reflecting the value it places on social responsibility.

“Impactful and measurable ESG practices are not just essential for sustainable growth, but also for building trust with stakeholders and creating long-term value. This is why our commitment to understanding and enhancing our sustainable initiatives remains steadfast. With our dedicated teams, investment in innovation and steadfast commitment to upskill our workforce, I can confidently state that ALEC is on the right path to operating in an increasingly sustainable, equitable, and responsible manner. And as we do so, we will continue to enrich the lives of the clients, partners and communities we serve,” concluded Lewis.

About ALEC

ALEC, part of the Investment Corporate of Dubai (ICD), is a leading innovative construction Group operating in the GCC and Africa. ALEC  builds and provides construction solutions that set industry benchmarks for quality, safety, functionality, and aesthetics.

ALEC offers its clients complete turnkey solutions in construction, MEP, fit-out, oil and gas, marine, modular construction, energy efficiency and solar projects, heavy equipment rental and technology systems. With these capabilities, ALEC successfully serves a diverse range of sectors including airports, retail, hotels & resorts, high-rise buildings, themed projects, petrochemical and marine.

For more information, please visit https://alec.ae/.

IFFCO Group, the leading FMCG multinational Company headquartered in the UAE, has announced the launch of its second ESG report, with milestones achieved across environmental, social and governance indicators, detailing its significant successes in sustainability throughout its operations and sourcing practices.
In 2023, IFFCO increased its waste recycling rate to 64%, reduced its water intensity by 13% compared to the previous year, maintained 100% traceability for palm oil to mills, and covered 30% of its facilities in the report's scope with solar panels. In addition, the company increased the number of women in management roles by 25% compared to two years. IFFCO also earned recognition for Best Sustainable Development Goal (SDG) Impact – SDG2, Zero Hunger at the ESG World Summit and GRIT Awards.

A key landmark in 2023 was the launch of IFFCO’s Climate Roadmap 2030, created to act as a catalyst for innovation, greater efficiency and positive change. The roadmap sets out clear targets for the company’s sustainability goals across its key areas of focus – energy efficiency initiatives and renewable energy share, transportation decarbonisation, and reducing emissions in the sourcing of palm, wheat and soy– and targets have been submitted to the Science-Based Targets initiative (SBTi) for validation.

“The milestones presented in our 2023 ESG report not only reflect our dedication to sustainable practices and responsible business operations, but also underscore our efforts to integrate the highest of ESG standards into our business. Our ESG strategy demonstrates our steadfast dedication to sustainable growth, transparency and continuous improvement. We aim to lead by example, by setting benchmarks in our industry and exemplifying global best practices, and to build and strengthen our sustainability agenda so we can drive a positive change through our operations,” said Rizwan Ahmed, Executive Director at IFFCO Group.

Five solar plants were finalised in Pakistan, Italy and Indonesia in 2023, meaning a full 30% of IFFCO’s production facilities now have solar plants in operation. Alongside achieving a 13% reduction in water intensity, IFFCO finalised its new Water Policy ready for roll-out in 2024, and reached a 64% post-manufacturing waste recycling rate – up from 52% in 2022 – as well as an overall reduction of 14% in solid waste production.

IFFCO also reported 100% traceability for palm oil from all refineries; 100% traceability to plantation for all direct mill sources; a 61% volume of verified deforestation-free oil coming from refineries in line with NDPE IRF standard; 50% traceability to origin of harvest for soy, corn and sunflower; and 100% traceability to origin of harvest for wheat sourced by the company.

The company was an active participant at COP28, supporting policymakers globally and signing the UAE Climate-Responsible Companies Pledge.  

The full 2023 ESG report is available here.

For more information, please visit: Iffco.com | Facebook | X | Instagram | LinkedIn | YouTube | TikTok

About IFFCO Group:

Established in 1975, IFFCO is a multinational group headquartered in the UAE. Its leading FMCG brands, including London Dairy, Tiffany, Noor, Rahma, Al Baker, Hayat and Savannah, and a portfolio of industry solutions and services enrich the lives of millions of consumers and customers globally. The company has 95 operations in 50 Countries, supported by over 15,000 employees, and its 80+ brands are available in over 100 countries.

For media enquiries, please contact:
Rana Abu Atta
Head of Corporate Communications
raatta@iffco.com

Sana Yamlikha
Associate Manager – Corporate Communications
syamlikha@iffco.com



DP World announced that it has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.

The SBTi is a world leading authority in advancing private sector progress to reduce GHG emissions, helping prevent the impacts of climate change.

DP World said in a statement that its plans to include reducing scope 1 greenhouse gas (GHG) emissions 42 percent by 2030 from a 2022 base year.

DP World also commits to reduce scope 2 GHG emissions 62.2 percent, and reduce absolute scope 3 GHG emissions 28 percent within the same timeframe.

DP World has made notable progress on its sustainability strategy in recent years, announcing a 13 percent reduction in emissions since the 2022 base year. Its new 42 percent reduction target and increased commitments on Scope 3 reductions build on the success to date.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, commented, “DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving net zero emissions by 2050. The SBTi’s validation confirms the strength and ambition of our plans as we remain committed to playing a pivotal role in uniting our industry for a better tomorrow.”

Piotr Konopka, Group Vice President at DP World, Global Decarbonisation & Energy, said, “We are delighted to have achieved SBTi validation and we will continue to drive progress in a range of areas, including equipment electrification, renewable energy, efficiency, and low carbon fuels. Furthermore, we look forward to driving increased collaboration through industry-wide initiatives such as green trade corridors and portside electrification as seen with our Zero Emissions Port Alliance.”

Source: Esraa Esmail, WAM (Emirates News Agency)

Tabreed, the world’s leading district cooling company, has made a major advancement in its efforts to decarbonise the cooling sector, achieving the ‘Verified Carbon Standard’ at one of its Abu Dhabi plants, certifying carbon credits to offset emissions.

Independent non-profit agency, Verra, which sets the world’s leading standards for climate action and sustainable development, carried out a year-long verification programme at the plant, which supplies a high-profile commercial and tourist attraction development with sustainable cooling services that are vital to its daily activities.

The study confirmed that the plant’s operations bring significant environmental benefits through maximising energy efficiency, estimating that the 28,000 Refrigeration Ton (RT) facility prevents approximately 19,320 tons of carbon emissions each year due to savings in electricity consumption (compared to the baseline of other stand-alone cooling solutions). The Verra report states that Tabreed’s “highly efficient district cooling will displace the cooling from conventional/less efficient cooling system[s] and reduce the electricity consumption which would result in [a] reduction in greenhouse gas (GHG) emissions.”

The resulting report’s findings mean Tabreed is eligible to trade carbon credits (in the voluntary market) as an emissions preventer – a major recognition for Tabreed and the entire district cooling sector. Remarkably, this is the first time any district cooling company has been able to achieve this and opens the possibility for Tabreed to bring in additional revenues from the trading of carbon credits, as companies worldwide look for ways in which to offset their own emissions.

While the project focused on a single Tabreed plant, its success will allow the company to apply the same methodology to other facilities in its portfolio under a ‘framework’ where it has been independently proved that district cooling technology is more energy efficient and consumes less electricity than others, thereby resulting in significantly fewer carbon emissions.

This development follows the company’s numerous renewable energy initiatives during 2023, which included (in collaboration with ADNOC) the design, construction and commissioning of the region’s first district cooling plant powered by renewable geothermal energy.

Commenting on this latest advancement, Khalid Al Marzooqi, Tabreed’s Chief Executive Officer, said the company has always been a trailblazer in the district cooling industry. “Where we lead, others try to follow, and this will be no different,” he said. “In fact, Tabreed is the first district energy company anywhere in the world to achieve this recognition and that’s really important for multiple reasons, not least because it backs up what we’ve always said: that district cooling is up to 50% more energy efficient that conventional methods.

“The world is rapidly waking up to the unavoidable fact that climate change is real. And as populations continue to grow, so is the demand for cooling, which is no longer a luxury but a vital aspect of daily life for countless communities, businesses and industries. Tabreed is well placed to meet that demand, as the company is already operating in six different countries, and is ready, willing and able to expand into new territories, bringing its unrivalled expertise to help countries meet their own net-zero targets while facilitating societal and economic progress.”

About National Central Cooling Company PJSC (Tabreed)

Tabreed provides essential and sustainable district cooling services to iconic developments such as the Burj Khalifa, Sheikh Zayed Grand Mosque, Louvre Abu Dhabi, Ferrari World, Emirates Towers, Yas Island, Al Maryah Island, Dubai Mall, Dubai Opera, Dubai Metro, Bahrain Financial Harbor and the Jabal Omar Development in the Holy City of Makkah. The company owns and operates 91 plants in its portfolio across the GCC, including 76 in the United Arab Emirates, five in the Kingdom of Saudi Arabia, seven in Oman, one in the Kingdom of Bahrain, one in India and one in Egypt, in addition to other international projects and operations.

Tabreed is a leading driver of progress for people, communities and environments around the world towards a more sustainable future. Founded in 1998 and publicly listed on the Dubai Financial Market, it is one of the UAE’s strongest growth companies. Through its extensive regional and international operations, industry-leading reliability and efficiency, R&D programmes and investment in AI technology, Tabreed further solidifies its position as the industry’s global leader. In addition to district cooling, Tabreed’s energy efficiency services extend the company’s sustainability impact, helping businesses and organisations to improve their overall energy consumption, in turn reducing CO2 emissions and assisting in the achievement of carbon neutrality objectives.

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