
ADNOC Gas makes rapid strides in its sustainability journey
A. SREENIVASA REDDY (ABU DHABI)ADNOC Gas has made seminal progress in its sustainability journey in 2024, listing several key achievements across the Environment, Social and Governance (ESG) pillars in its latest Sustainability Report released on Wednesday.Chief Executive Officer, Fatema Mohamed Al Nuaimi, said the company strives to be among the lowest carbon gas producers by embedding ESG principles into planning, operations and targets. 'Sustainability has been central to our mission, as evident in the recent transformation of our energy mix to include more clean grid power usage in our operations,' she stated.'We continue to champion diversity and inclusion, welcoming employees from over 60 different countries. Focusing on developing local talent, last year we exceeded our Emiratisation goal. To help our people unlock their full potential and accelerate their growth, we delivered approximately 155,550 hours of training to more than 5,120 employees,' she added.She further noted, 'As we grow, we will continue to drive the UAE's economic development and diversification. In 2024, we supported the local economy with over $1.24 billion worth of investments. Our low-carbon gas supports the UAE's energy needs, creates jobs, empowers communities, and supplies electricity to homes, schools, and hospitals. We also prioritise sourcing local goods and services.'Among its environmental milestones, ADNOC Gas achieved a 2.31% reduction in greenhouse gas (GHG) emissions intensity and met approximately 50% of its power requirements through clean energy sources. The Habshan Carbon Capture, Utilisation and Storage (CCUS) project — recognised by Forbes Middle East as the most sustainable project in the region — helped cut GHG emissions across the value chain. The company also advanced the Ruwais LNG project, the first LNG export facility in the MENA region, planned to operate on clean power.The firm diverted 47% of hazardous waste from landfills and implemented Loop 20 Proof of Concept (PoC), a technology that captures CO₂ emissions by up to 30% and converts them into low-cost, high-value graphene. Methane emissions were reduced by approximately 25% compared to the previous year.On the social front, ADNOC Gas achieved a Total Recordable Injury Rate of 0.05 with zero fatalities. In addition to delivering 155,550 hours of training to over 80% of its workforce, the company engaged more than 1,500 construction site workers through HSE awareness initiatives, hired 185 new employees — a 24% year-on-year increase—and welcomed 141 university students into its internship programme.Dr Aasah Ali Hashem, Vice President of Sustainability and ESG, reaffirmed the company's commitment to resilience and excellence. 'Committed to zero operational disruptions, we leveraged cutting-edge technologies and artificial intelligence, achieving ISO 42001 AI certification, to work smarter and safer,' she said. 'Together with our stakeholders, we are shaping a future where sustainable energy solutions benefit the generations of tomorrow.'In terms of governance, ADNOC Gas established a new Sustainability Policy and reported zero cases of discrimination. It also received the ISO 42001:2023 certification for its Artificial Intelligence Management System, underscoring its proactive approach to innovation and sustainability.Financially, the company posted a 7% year-on-year increase in adjusted revenues to $24.43 billion, while adjusted net income rose by 13% to $5 billion. It declared a dividend of $3.412 billion for the full year. Operationally, ADNOC Gas celebrated the successful delivery of 9,000 loads of LPG and paraffinic naphtha, achieved 59% In-Country Value (ICV) to bolster local development, and signed a 10-year LNG supply agreement with GAIL India Limited for up to 0.52 million metric tonnes per annum. The company was ranked 12th in the Forbes Middle East Top 100 companies in the MENA region.
ADNOC Gas's ESG strategy supports the UAE's Net Zero by 2050 initiative and ADNOC Group's 2045 target. Its actions are aligned with 11 of the United Nations' Sustainable Development Goals.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al Etihad
2 hours ago
- Al Etihad
UAE stock markets cross Dh4 trillion milestone
13 July 2025 17:35 A. SREENIVASA REDDY (ABU DHABI)The combined market capitalisation of stocks listed on the UAE's stock markets has recently crossed Dh4 trillion, driven by a strong rally in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).The total market capitalisation of all stocks listed on ADX — including both the main and growth markets — stood at Dh3.099 trillion as of Friday's exchange has consistently maintained its market cap above the Dh3 trillion mark in recent weeks, with its benchmark FTSE ADX General Index (FADGI) standing at 10,064.81 when the markets closed on Friday (July 11).ADX recently marked a key milestone with the listing of a $100 million digital bond by First Abu Dhabi Bank, in partnership with HSBC. The FADGI has gained 6.9% so far in 2025, while the exchange's total market capitalisation has grown by 3.3%, according to the latest bulletin from Kamco has also witnessed a remarkable upswing, with its total market capitalisation reaching Dh996.434 billion, as per Kamco Invest data. The DFM General Index (DFMGI) climbed to 5,854.99 on Friday (July 11), reflecting a 13.5% gain so far this year. The DFM has posted gains for three consecutive weeks, with the index now at a 17-year estate has been a key driver of the Dubai market, led by strong performances from Emaar and Emaar exchange also welcomed the listing of Dubai Residential REIT, which raised Dh2.15 billion via its IPO. A second REIT, Al Mal Capital REIT, has launched a follow-on public offering (FPO) aiming to raise Dh242 both ADX and DFM combined, the total market capitalisation stands at Dh4.095 trillion, equivalent to approximately $1.115 comparison, the Saudi stock market remains the region's largest, with a market capitalisation of $2.49 trillion, according to Kamco Invest's latest data.'The UAE's stock markets crossing Dh4 trillion is a remarkable milestone that reflects the strength and dynamism of the country's economy,' said Samer Mardini, Chief Investment Officer at a family office in Dubai.'The impressive growth in both Abu Dhabi and Dubai markets is driven by rising investor confidence, successful IPOs, and innovations like digital bonds. It signals a bright future. It's an exciting time, and the momentum points toward even greater opportunities ahead,' he added. Commenting on the rise of realty stocks in the UAE, Milad Azar of XTB MENA said: 'The rise of REITs shows growing market maturity and investor access. While still behind Saudi Arabia's $2.49 trillion market, the UAE is gaining ground through innovation, diversification, and investor confidence across both traditional and digital sectors.' Source: Aletihad - Abu Dhabi


Zawya
2 days ago
- Zawya
Mideast Stocks: UAE stocks rise as oil gains on IEA's market outlook
Stock markets in the United Arab Emirates rebounded on Friday, led by gains in oil prices, while U.S. tariffs and possible further sanctions on Russia were also in focus. Crude prices rose after the International Energy Agency said on Friday the global oil market may be tighter than it appears, with demand supported by peak summer refinery runs to meet travel and power-generation. Brent crude was up 0.5% at $68.99 a barrel as of 1110 GMT. Dubai's main market rose by 0.4%, hitting a fresh 17-year peak as its upward momentum entered into a third straight week of gains. Real estate stocks also drove gains in the index, with market heavyweight Emaar Properties advancing 1.4%, while business park operator Tecom Group added 1.8%. Among financials, Ajman Bank was one of the top performers, jumping 3.4% after the Ajman government raised its stake in the lender to 31.1%. Abu Dhabi's benchmark index inched 0.2% higher, supported by a 2.5% increase in IHC-owned investment firm Multiply Group and 2.4% rise in real estate giant Aldar Properties. Separately, Adnoc Gas signed a three-year LNG supply agreement worth AED 1.5 billion ($408.42 million) with Germany's SEFE, although the Abu Dhabi-based company's shares closed unchanged. For the week, Dubai's index recorded a 1.8% gain, while Abu Dhabi's index rose 0.8%, according to data from LSEG. ($1 = 3.6727 UAE dirham)


Broadcast Pro
2 days ago
- Broadcast Pro
Du renews partnership with Huawei
The partnership aims to upskill du employees with a focus on Emiratisation and talent development in critical technologies such as AI, Data Analytics, 5G and Cloud. Du, the telecom and digital services provider, has renewed its strategic partnership with Huawei to enhance Emiratisation by empowering UAE talent with advanced technological skills. Together, the two industry leaders aim to foster innovation and readiness in the digital and telecommunications space, building toward a sustainable future. Building on a partnership grounded in ICT technologies and network development, du and Huawei will focus on equipping du employees, including emerging leaders, with critical competencies in cutting-edge technologies. Training and workshops will target future-forward areas such as AI, data analytics, 5G and cloud solutions, ensuring alignment with dus digital transformation goals. Commenting on the deal, Fahad Al Hassawi, Chief Executive Officer at du, said: 'Huawei and du share a commitment to supporting the UAEs national Emiratisation strategy, and we are proud to build on this long-standing relationship. Through this renewed partnership, we will nurture a competitive and future-ready talent pipeline empowered by world-class digital skills while continuously driving technological excellence within our company and across the region.' As part of this renewed collaboration, du and Huawei will implement activities under the scope of the Joint Annual Training Plan (ATP), including Specialist Programmes, Executive Leadership Programmes, and emerging ICT knowledge-sharing webinars. Programmes like these will be instrumental in enhancing skills across all employee levels, fostering innovation and creating agile responses to increasingly complex challenges. David Tao, Chief Executive Officer at Huawei UAE, added: 'We are honoured to work closely with du to promote Emiratisation and help shape the future of digital innovation in the UAE. Through tailored training programmes and skills development workshops, our partnership will empower du employees to master cutting-edge technologies in Artificial Intelligence (AI), Data Analytics, and beyond, contributing to the UAEs advanced-tech ecosystem. Since 2021, key initiatives such as the Huawei Internship Development Programme have provided graduate trainees with foundational knowledge in transformative technologies like 5G and Cloud. In line with the strategic ICT Talent Development Programmes initiated in 2022, the renewed partnership reflects a shared vision to attract, retain, and grow UAE talentall essential components of dus Emiratisation goals, digital transformation efforts, and overall growth trajectory.