
AIR Unveils First Sustainability Report Outlining Innovation-led ESG commitments
AIR's first sustainability report outlines its commitment to revolutionizing the shisha and wider inhalation category through innovation and harm reduction, while embedding responsible business practices across all levels of the organization.
The report highlights shisha's rich heritage and history, alongside key milestones which have shaped AIR's business journey and commitment to sustainability as appetite for shisha has grown globally in recent years. The report reinforces AIR as a trailblazer in science-led, tobacco- and nicotine-free inhalation products.
Key milestones detailed in the report include the launch of Zodiac, a tea-based, tobacco- and nicotine-free shisha alternative – and OOKA - the world's first charcoal-free, pod-based shisha device. A key driver of AIR's success, half a million OOKA pods and 14,500 OOKA devices have now been sold since launch. Moreover, both innovations demonstrate AIR's determination to lead the category in reducing the health risks associated with traditional shisha use and reshaping the experience for the modern, conscious adult consumer.
As part of the reporting process, AIR conducted a full sustainability materiality assessment to ensure its strategy reflects the priorities of both internal and external stakeholders. The result is a long-term vision grounded in five strategic ESG pillars:
Public health and innovation
Working conditions
Business integrity
Environmental impact, particularly water usage
Governance
Through this assessment AIR has now set out a 2030 Roadmap which is aligned to the UN's Sustainable Development Goals, and will offer clear direction to stakeholders, consumers and employees through which to make an impact on global sustainability. Metrics included in this roadmap include improving gender diversity across leadership roles, strengthening supply chain standards, and increasing public awareness through science-based education around shisha consumption and harm reduction.
Stuart Brazier, Chief Executive Officer at AIR, comments: 'As the global leader in our industry, our purpose is to transform the sector by creating a safer, cleaner, and more sustainable inhalation experience whilst also preserving the rich social and cultural value of shisha. By publishing our first sustainability report we are proud to be solidifying our commitment to driving this forward and shaping the future of the industry.
'This report celebrates the huge progress we have already made in optimizing all aspects of our operations, but we are also aware that we have a responsibility to accelerate our ESG efforts over the coming years to protect the world around us. With the publication of our 2030 Roadmap, we have laid out a clear path through which to enact meaningful change within our own operations and on the world around us. From reducing CO2 emissions to improving diversity and supporting fair working conditions across our supply chain, we are committed to driving long-term, meaningful progress for our consumers, our people, and the planet.'
Ronan Barry, Chief Legal & Corporate Affairs Officer at AIR, added: 'Publishing our first sustainability report marks a critical milestone in AIR's growth as a responsible, innovation-led inhalation company. We are proud to lead the way in harm-reduction technologies for shisha whilst also ensuring our operations and supply chains reflect our ethical standards. Sustainability is not an add-on for us - it's embedded into every level of our business, from how we develop products to how we treat people and protect the environment.'
The report, which covers AIR's progress throughout 2024, is available at www.air.global.
About AIR
AIR is the market leader in the $19 billion global shisha market, with an aim to provide superior physical, emotional, and mental benefits through inhalation.
Launched in 1999 and headquartered in Dubai, the business has a multinational presence in over 100 countries across the UAE, Europe, North America, India, and Africa. AIR holds 47% of the shisha category market share in the markets it is present in and is the leading business in a market set to grow to $22 billion in 2026. Its portfolio of companies includes Al Fakher, the world's leading shisha brand; Hookah-Shisha.com, the world's number one e-commerce platform for hookahs and shisha; OOKA, the world's first charcoal-free shisha device, among others. AIR's science program, conducted in partnership with independent accredited laboratories, enables the development of innovative products that combine centuries of tradition with cutting edge innovation to minimize harm and maximize enjoyment for millions around the world.
Hashtags

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


Business Wire
6 hours ago
- Business Wire
KBRA Assigns Preliminary Ratings to Taurus 2025-4 UK DAC
LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2025-4 UK DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £227.3 million limited recourse, first lien mortgage loan originated by Bank of America, N.A., London Branch in July 2025. The floating rate loan has an initial three-year term and two, one-year extension options. The loan is secured by the borrowers' freehold and leasehold interests in 36 properties, including 23 industrial assets (68.0% of loan balance), eight retail assets (20.9%), and five office assets (11.2%), which together comprise 3.1 million square feet and are located across England and Scotland. As of May 2025, the properties are 89.9% leased to approximately 107 unique tenants. KBRA analysed this transaction primarily using our European CMBS Rating Methodology, which includes our evaluation of the underlying collateral properties' financial and operating performance, to determine KBRA's estimate of sustainable net cash flow (KNCF) and KBRA value. KBRA capitalisation rates were applied to each asset's KNCF to derive values that were, on an aggregate basis, 32.0% less than third party appraisal values. The pool has an in-trust KLTV of 95.6%. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA's Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here. About KBRA UK Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England. Doc ID: 1010342


Business Wire
6 hours ago
- Business Wire
Central Pacific Financial Corp. Announces Conference Call to Discuss Second Quarter 2025 Financial Results
HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2025 earnings on July 25, 2025, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) on July 25, 2025. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), or by listening to the webcast on the company's investor relations website at A replay of the call will be available through August 24, 2025 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website. About Central Pacific Financial Corp. Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.41 billion in assets as of March 31, 2025. Central Pacific Bank, its primary subsidiary, operates 27 branches and 55 ATMs in the State of Hawaii. For additional information, please visit the Company's website at: Equal Housing Lender Member FDIC NYSE Listed CPF


Business Wire
6 hours ago
- Business Wire
Kirby McInerney LLP Urges Investors in DoubleVerify Holdings, Inc. (DV) to Inquire About Their Rights in Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors of the July 21, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired DoubleVerify Holdings, Inc. ('DoubleVerify' or the 'Company') (NYSE:DV) securities during the period from November 10, 2023, through February 27, 2025 ('the Class Period'). [ LEARN MORE ABOUT THE CLASS ACTION ] On February 28, 2024, DoubleVerify issued lower revenue growth expectations for the first quarter of 2024 due to 'a slow start by brand advertisers and a slow ramp by recently signed new large customers.' On this news, the price of DoubleVerify shares declined by $8.25 per share, or approximately 21%, from $39.24 per share on February 28, 2024, to close at $30.89 on February 29, 2024. On May 7, 2024, in connection with its first quarter 2024 earnings report, DoubleVerify surprised analysts by cutting its full-year 2024 revenue outlook due to customers that were pulling back on their ad spending. On this news, the price of DoubleVerify shares declined by $11.79 per share, or approximately 38%, from $30.57 per share on May 7, 2024, to close at $18.78 on May 8, 2024. Then, on February 27, 2025, when DoubleVerify reported lower-than-expected fourth quarter 2024 sales and earnings due in part to reduced customer spending, DoubleVerify also disclosed that the shift of ad dollars from open exchanges to closed platforms was negatively impacting the Company. On this news, the price of DoubleVerify shares declined by $7.83, or approximately 36%, from $21.73 per share on February 27, 2025, to close at $13.90 on February 28, 2025. Finally, on March 28, 2025, market research company Adalytics Research, LLC released a report claiming that DoubleVerify's web advertisement verification and fraud protection services are ineffective, and that DoubleVerify customers are regularly billed for ad impressions served to declared bots operating out of known data center server farms. On the same day, The Wall Street Journal reported that DoubleVerify regularly misses detection of nonhuman traffic in contradiction to the Company's claims that it helps brand avoid serving ads to nonhuman bot accounts. If you purchased or otherwise acquired DoubleVerify securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@ or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you. [ CONTACT FORM ] Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.