#Sustainability

Majid Al Futtaim issues sukuk

UAE’s Majid Al Futtaim issues $500m green sukuk

The conglomerate will use the proceeds from its fourth green sukuk issuance to refinance an older $800m bond commitment due in May 2024

Empower plant Image WAM-e1684523583814

Empower launches new plans, policies to drive sustainable operations

Empower has saved 412 million imperial gallons of fresh water in 2022 by using recycled water in its operations

Azulik AlUla resort image courtesy RCU

Saudi Arabia’s RCU to open AZULIK AlUla, a new eco-luxury resort

The eco-luxury resort, which will feature 76 villas, is scheduled to be launched by 2027

PwC Middle East

Middle East companies call for new green deal ahead of COP28, says PwC

The auditing firm said businesses in the region are increasingly transparent about their environmental impact, with 70 per cent reporting on their ESG impact

UAE issues decree to regulate use of HFCs-e1622023668811

UAE issues decree regulating use of hydrofluorocarbons

The decree is a significant step in the UAE’s endeavour to uphold its obligations towards climate change mitigation and curbing harmful emissions

Snack

Introducing the snack bag of the future

Snack companies are looking at alternative packaging materials due to consumer demand and potential regulations

Emirates Development Bank joins IRENA's AFID

Emirates Development Bank joins IRENA’s Alliance for Industry Decarbonization

Emirates Development Bank will showcase its flexible financial solutions to support companies operating within the renewables sector

Emirates installation at Expo 2020 Dubai (Image: Supplied by Emirates)

Emirates unveils $200m aviation sustainability fund

The amount, disbursed over three years, will support R&D on projects aimed at reducing the impact of fossil fuels in commercial aviation

Sustainable Energy

Here are some ways to reduce carbon emissions with sustainable energy

Adopting energy-efficient strategies that reduce the demand and greening the current energy supply is key, says Pierre Cheyron

Mashreq & WorldGBC

Mashreq bolsters sustainability goals by joining World GBC

The collaboration with WorldGBC offers the bank a platform to strengthen its net zero commitments

UAE climate Tech announced dr-sultan-ahmed-al-jaber-COP28-president-designate

UAE Climate Tech: MoIAT to host ‘first-of-its-kind’ forum with ADNOC, Masdar

Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050

Sustainability: Not just a responsibility, but also an opportunity

To address climate change and its implications for societies a concerted effort is urgently needed – both from the public and private sectors

ADQ AgTech Park commences operations with vertical farming project

ADQ’s AgTech Park begins operations, launches vertical farming project

At full scale, the 200-hectare AgTech Park will target production volumes of over 40 kilotonnes of fresh fruits and vegetables annually

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

Mashreq’s group head of corporate & investment banking

UAE’s Mashreq finances sustainable investments worth $15.5bn

The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives

ESG is a must for businesses says Manuel Rodrigues of Schneider

Here’s why ESG adoption is a must for businesses

Investing in ESG initiatives not only aligns with responsible business practices but also sets companies apart from their competition

UAE Governments Net Zero 2050 Charter Dubai Media Office

New UAE Governments Net Zero 2050 Charter a nod to collective climate action

The charter was signed on the sidelines of the UAE Cabinet meeting held on March 6

UAE, Oman sign agreement to boost environmental preservation efforts

UAE, Oman sign agreement to boost environmental preservation efforts

Both sides will conduct joint research in the fields of environmental preservation

Dubai tourism dept relaunched carbon calculator Image courtesy Dubai-Media-Office

Dubai relaunches Carbon Calculator for hospitality sector

Nineteen ‘Sustainability Requirements’ have been put in place to establish a baseline across hotels in Dubai and unify hotels’ environmental practices

UAE Italy sign agreements _President and Italian PM meet in Abu Dhabi March 2023 Photo courtesy WAM

UAE, Italy sign agreements, aim to strengthen partnership

The UAE and Italy signed an MoU to aid cooperation in the field of emissions reduction, new energy technologies, and low-carbon solutions

UAE sustainable finance

UAE’s green, sustainable finance enjoy two years of rapid growth

The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.

Baynouna Solar Park_Group launch in Jordan

Masdar inaugurates Jordan’s Baynouna Solar Park

The Baynouna Solar Park produces over 560 gigawatt-hours of energy annually – enough to power 160,000 homes

Tawazun Industrial Park, Yellow Door Energy pact

Tawazun Industrial Park unveils new solar power project

Tawazun said the solar park is expected to produce 7.1 million kilowatt-hours of clean energy in the first year of operation

AeroFarms opens faciltiy on Abu Dhabi photo WAM

AeroFarms debuts AgX indoor vertical farm in Abu Dhabi

At 65,000 square feet, AeroFarms AgX is the largest indoor vertical farm of its kind for research and development in the world

Abu Dhabi fund for development sign MoC with IFC to invest in clean energy

Abu Dhabi Fund for Development, IFC to support investments in clean energy transition

The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security

Masdar, IFC to jointly advance climate action in emerging markets

Masdar, IFC to jointly advance climate action in emerging markets

The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Expo City Dubai unveils new attractions for visitors

Expo City Dubai unveils new attractions for visitors

The Stories of Nations exhibitions are located in the opportunity, mobility and sustainability districts

Data centres and sustainability Kevin Hagen is the VP - Environmental Social & Governance Strategy, Iron Mountain

Clean Energy: The key to economic and environmental resilience

As businesses face both mounting energy costs and pressure to conduct more sustainable operations, renewable energy should take centre stage as we fight to conserve our resources and economies

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains