Abu Dhabi, UAE – Abu Dhabi National Energy Company (TAQA) announced Thursday a 25 percent reduction of scope 1 and 2 emissions by 2030 across the Group, including a 33 percent reduction of the UAE portfolio emissions compared to the 2019 baseline as part of its 2030 Environmental, Social and Governance (ESG) strategy.
The ESG strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals and is a step towards achieving its net-zero ambitions by 2050.
“We see sustainability as an opportunity and are evolving to become a champion of low carbon power and water,” Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director said. “That means meeting the energy and water needs of today as efficiently as possible, whilst also investing in the lower carbon alternatives we need.”
He added that as the focus of the company will be increasingly on actions and not just pledges in the run up to COP27 and COP28 here in the UAE.
TAQA will focus on the decarbonisation power and water supply, electrification across sectors, and demand-side management to support more efficient use of power and water, Thabet said.
The broader ESG strategy, Thabet revealed, was built around six core material topics: climate change, water and effluents, occupational health and safety, diversity and equal opportunity, local community engagement and corporate governance.