Latest news with #CarbonFootprint
bnok24
07-07-2025
- Business
- bnok24
Emirates NBD Egypt Releases Its First Carbon Footprint Report
Emirates NBD Egypt announced the release of its first Carbon Footprint Report, marking its initial comprehensive assessment of greenhouse gas (GHG) emissions resulting from its operations. This report affirms the bank's firm commitment to applying the highest standards of accuracy and transparency in measuring and disclosing emissions, and represents a pivotal step in the bank's efforts towards transitioning to a green economy by minimizing its environmental footprint and embedding sustainability at the core of its operations The report covered all of the bank's operational facilities, including branches, headquarter, sales buildings, and warehouses. The report provides a breakdown of emissions across three main scopes: direct emissions under scope 1 amounted to 589 mtCO2e, indirect emissions from purchased energy under scope 2 reached approximately 5,956 mtCO2e, while other indirect emissions under scope 3 totaled 7,701 mtCO2e. This brings the bank's total carbon emissions to 14,246 mtCO2edemonstrating its continued dedication to adopting sustainable practices and understanding the full scope of its environmental impact In this context, Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt, stated: 'Issuing this report reflects our profound commitment to embedding sustainability within the core of our operations and enhancing transparency in data disclosure. We strive to play an active role in addressing climate change challenges by adopting integrated solutions that align with Egypt's Vision 2030 and the Sustainable Development Goals.' He added: 'At Emirates NBD Egypt, we believe that real economic growth goes hand in hand with environmental protection. We will continue to develop innovative initiatives that contribute to emission reduction and help build a more sustainable and prosperous future for the generations to come Amgad Doma, Chief Strategy & Sustainability Officer at Emirates NBD Egypt, also commented: 'This report serves as a cornerstone in our journey toward achieving carbon neutrality, leveraging its preparation on a thorough analysis of emission sources across all our operations, allowing us to design practical and impactful solutions for carbon reduction. The report also crowns our continued efforts to develop an integrated disclosure framework that enhances transparency and ensures our alignment with international sustainability standards, while supporting Environmental, Social, and Governance (ESG) data governance in line with global best practices.' He added: 'Through these efforts, we aim to embed a culture of sustainability within the bank and solidify our leadership in this field across the Egyptian banking sector As part of its environmental commitment, Emirates NBD Egypt is currently developing a comprehensive decarbonization plan focused on reducing its carbon emissions. This includes implementing a holistic energy management system, adopting environmentally responsible practices, optimizing water and electricity consumption, improving waste management strategies, and boosting recycling processes. Additionally, the bank is committed to applying green building standards across many of its upcoming construction projects Emirates NBD Egypt continues to advance its sustainable growth by innovating in banking services and investing in renewable energy, thereby creating real sustainable value for both the community and the environment. The release of the first carbon footprint report marks a significant milestone in this direction, laying a solid foundation for monitoring and reducing carbon emissions in alignment with national efforts and The Central Bank of Egypt's directions toward a green economy and the achievement of Egypt's Vision 2030 Google News تابعونا على تابعونا على تطبيق نبض
Observer
06-07-2025
- Business
- Observer
Sohar Aluminium scales up energy efficiency and decarbonisation efforts
MUSCAT: Sohar Aluminium — the country's primary aluminium producer owned 40% by Oman's integrated global energy group OQ — is intensifying its drive to enhance energy efficiency, reduce greenhouse gas (GHG) emissions, and support Oman's broader sustainability ambitions through a series of targeted initiatives. These efforts form part of the company's long-term commitment to operational excellence and environmental stewardship. This report is based on the Sohar Aluminium Sustainability Report 2024, which highlights progress across key areas such as energy management, emissions control, and decarbonisation strategy. Energy plays a critical role in the company's refining and smelting operations, which are among the most energy-intensive industrial processes. Sohar Aluminium predominantly relies on natural gas secured through a long-standing agreement with the Omani government. To ensure business continuity and operational resilience, the company's on-site power plant is also capable of switching to diesel in emergency situations. Following the 2023 Order of Magnitude study—which identified 45 improvement opportunities across electricity, gas, water, and compressed air systems—Sohar Aluminium has implemented several energy-saving measures. Among these, the optimisation of the compressed air system has delivered tangible results, including lower energy use, reduced maintenance needs, and extended equipment life. This not only enhances system performance but also contributes to overall emission reductions. The company's GHG emissions primarily arise from fuel combustion at its power plant and from the electrolytic smelting process, which generates carbon dioxide (CO2), perfluorocarbons (PFCs), and hydrogen fluoride. In 2024, Sohar Aluminium continued to employ its proprietary GHG calculation tool, aligned with the GHG Protocol and the International Aluminium Institute's reporting standards, to track and manage emissions. An independent Carbon Footprint study further benchmarked the company's emissions profile against global best practices. Notably, benchmarking data shows that Sohar Aluminium performs competitively compared to five other smelters in the GCC region, underscoring the effectiveness of its emissions management strategies. The company also adheres strictly to national environmental regulations. However, total emissions intensity rose slightly in 2024 to 6.19 tonnes of CO2 per tonne of aluminium, compared to 5.51 tonnes in 2023—a change likely driven by increased production volumes. Despite this uptick, the company has made measurable progress in targeted areas. Over the past six years, fluoride emissions were reduced by 22 per cent, while nitrogen oxide (NOx) emissions from the power plant have steadily declined from 2021 to 2024. Sohar Aluminium remains firmly committed to reversing any upward emissions trends and aligning its operations with Oman's net-zero aspirations. The company's Decarbonisation Strategy, updated and reviewed in December 2024 with stakeholders including OQ Alternative Energy, Rio Tinto, and TAQA, lays out an ambitious roadmap. Aligned with the International Aluminium Institute's net-zero pathways, the plan sets progressive emissions reduction targets: 13 per cent by 2030, 43 per cent by 2040, and 86 per cent by 2050, using 2021 as the baseline year. Sohar Aluminium's decarbonisation roadmap is further strengthened by its involvement in the SOHAR Net Zero Alliance (SNZA) and its pledge to the IAI's carbon emissions reduction framework, announced at COP28. These partnerships underscore the company's commitment to aligning local efforts with global climate goals. Aluminium recycling forms a key pillar of Sohar Aluminium's sustainability agenda. In 2024, the company recycled 3,543 metric tonnes of external scrap, reducing the energy required for production by up to 95 per cent compared to primary smelting. This not only contributes significantly to emission reductions but also promotes resource circularity and waste minimisation. By advancing energy efficiency, pursuing rigorous emissions controls, and embedding recycling in its operations, Sohar Aluminium is demonstrating how industrial giants can play a pivotal role in advancing national and international sustainability objectives.
Business Wire
06-05-2025
- Business
- Business Wire
IDE Technologies Celebrates Sixty Years of Innovative Water Treatment Solutions
KADIMA, Israel--(BUSINESS WIRE)-- IDE Technologies, a leading global provider of water treatment solutions, celebrates 60 years of successful business and water technology innovation that set the bar for the water industry. Founded in 1965, IDE was established with the mission of transforming ocean water into affordable, clean water and since then has built, designed and operated nearly 500 desalination and water treatment plants across 40 countries, bringing this vision to life. Today, the company proudly delivers over 6,000,000 m3 (1600 MGD) of high-quality water per day, serving a multitude of municipal and industrial customers across the globe. 'Since 1965, IDE has been at the forefront of the water industry. We've continually invested in research and development with the consistent goal of delivering reliable, economical and sustainable solutions across sectors,' said Alon Tavor, CEO, IDE Technologies Group. 'Bolstered by the best and brightest talents, our organization of 800-strong worldwide works tirelessly to develop, build and operate innovative desalination and water treatment solutions.' From the development of Mechanical Vapor Compressions (MVC) technologies in the 60s to rolling out the MAXH20 Desalter and Pulse Flow RO (PFRO) in 2019, IDE is continuously moving the needle on water treatment solutions that challenge the industry standard. Today, building on the belief that "you can't manage what you can't measure," IDE has leveraged sixty years of innovation to introduce their Carbon Footprint Calculator. This calculator aims to promote sustainable desalination by measuring a seawater reverse osmosis (SWRO) plant's carbon footprint and providing actionable insights for emission reduction. Users can review results in kg CO2eq per m3, or tons, per year and explore IDE's tailored solutions for emission reduction. 'For six decades, IDE has been hyper-focused on solving global water scarcity, while emphasizing a sustainable treatment approach,' said Tomer Efrat, CTO, IDE Technologies. 'IDE is committed to sustainability and strives to inspire the same commitment in others. IDE's Carbon Footprint Calculator empowers leaders to take actionable steps to reduce their emissions, keeping their environmental impact top-of-mind.' To read more about IDE's carbon footprint calculator, visit: To learn about IDE's comprehensive water solutions, sustainable desalination and large-scale infrastructure projects, visit: About IDE Technologies A world leader provider of desalination and water treatment solutions, IDE specializes in the development, engineering, construction, and operation of some of the world's largest and most advanced thermal and membrane desalination facilities and industrial water treatment plants. IDE partners with a wide range of customers, municipal and industrial, on all aspects of water treatment, and delivers quality projects worldwide. For more information, visit
