Latest news with #SaeedGhumranAlRemeithi
Zawya
25-06-2025
- Business
- Zawya
EMSTEEL celebrates graduation of 62 Emirati trainees from accelerated Masaar programme
Abu Dhabi, United Arab Emirates: EMSTEEL (ADX: EMSTEEL) ('the Group'), one of the largest publicly traded steel and building materials manufacturers in the region, today announced the successful graduation of 62 Emirati trainees (49 men and 13 women) from the company's flagship Masaar talent-development programme, marking the first cohort to complete the newly revamped one-year 'accelerated' track introduced in 2024. The group includes 43 operations specialists and 19 support-function professionals, holding roles such as Graduate Engineer and Technical Trainee. Launched in 2019, Masaar was created to equip fresh graduates with the technical, behavioural and professional skills required to propel the UAE's industrial sector. To date, 180 Emiratis have enrolled, building a robust talent pipeline for EMSTEEL's steel and cement businesses and supporting the nation's Emiratisation goals. Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, commented: 'The graduation of this cohort reflects EMSTEEL's strategic commitment to developing national talent that directly supports the UAE's industrial and economic objectives. Masaar has been carefully designed to align with our operational needs while contributing to the country's broader Emiratisation agenda. These graduates are now positioned to take on critical roles across our value chain and help shape the future of the manufacturing sector.' The accelerated model shortens the programme to 12 months while retaining blended learning, credit-hour milestones and career coaching, ensuring faster deployment of qualified talent. Two additional cohorts are scheduled to graduate in August and in November of 2025, bringing this year's total of Masaar graduates to 101. EMSTEEL currently boasts an impressive Emiratisation rate of 52%, reflecting its long-standing commitment to developing and retaining skilled UAE nationals across all levels of the organisation. In addition, the company ranks third in Emiratisation within the UAE's industrial sector, underscoring its leadership in advancing national workforce priorities. About EMSTEEL EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE's largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors. EMSTEEL is committed to contributing to the UAE's industrial strategy 'Operation 300 billion' by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is a global leader in low-carbon steel production and is aligned with the UAE's Net Zero by 2050 Strategic Initiative. Headquartered in Abu Dhabi, EMSTEEL operates 16 state-of-the-art plants, with a production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement annually, fuelling the nation's most iconic projects. EMSTEEL is majority owned by ADQ, an active sovereign investor with a focus on critical infrastructure and supply more information, please visit our website: For Media enquiries, please contact: Mohammad Daggamseh Manager of Media and Communications Email: Ziad Baig Account Manager Email: zbaig@
ME Construction
25-06-2025
- Business
- ME Construction
EMSTEEL receives a provisional ESG rating of ‘AA' from MSCI
Sustainability EMSTEEL receives a provisional ESG rating of 'AA' from MSCI By The rating is a significant milestone and follows the announcement of EMSTEEL's Green Finance Framework in May 2025 EMSTEEL said it has received a provisional ESG rating of 'AA' from MSCI, said to be one of the highest among steel players globally. This recognition underscores EMSTEEL's performance in Environmental, Social, and Governance (ESG) issues, making it one of the few global steel and building materials manufacturers that excel in this regard, the firm said. MSCI's evaluation reinforces EMSTEEL's position as the industry player in managing key ESG risks and opportunities. The evaluation particularly highlights the group's innovative responsible practices in managing its environmental impact, which have led to significant reductions in carbon emissions. Additionally, EMSTEEL's well-being, health, and safety practices for its workforce have been enhanced, with almost all categories surpassing the global average, said a statement. MSCI ESG Ratings evaluates over 9,000 companies worldwide, assessing their exposure to industry-related material ESG risks and their management compared to their peers. The ratings range from leader (AAA, AA) to laggard (B, CCC), with the average rating being A, BBB, or BB. The score is said to reaffirm MSCI's global leadership in ESG ratings. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL said, 'Our inaugural 'AA' ESG rating by MSCI is a powerful testament to EMSTEEL's commitment to sustainable industrial leadership. It reflects the strength of our governance, the resilience of our people, and our deep-rooted responsibility to the environment and communities we serve. As we align with the UAE's Net Zero 2050 vision, this recognition strengthens our resolve to lead by example, delivering lasting value to our shareholders, society, and future generations.' The rating is a significant milestone and follows the announcement of EMSTEEL's Green Finance Framework in May 2025. The development of this framework was supported by key partners, including ING as the lead sustainability structuring bank and First Abu Dhabi Bank (FAB) as the sustainability structuring bank. ING also served as the ESG Rating Advisor for the MSCI ESG rating. The framework is said to be a cornerstone of EMSTEEL's broader ESG strategy. EMSTEEL's decarbonisation strategy is said to be driving industrial sustainability. The group aims to reduce emissions by 40% in its Steel Business Unit and 30% in its Cement Business Unit by 2030, using 2019 as the baseline year. This commitment is unwavering, and EMSTEEL is firmly committed to achieving Net Zero emissions by 2050. Key initiatives include enhancing energy efficiency, integrating renewable energy, and advancing green hydrogen innovation. These initiatives are all in alignment with the UAE's Net Zero 2050 agenda, the firm said. In 2023, EMSTEEL reported total Scope 1 and 2 emissions of 4.5m tonnes of CO₂, representing a 23% reduction from the 2019 baseline. This achievement earned the group global recognition for its sustainability leadership. EMSTEEL's efforts in decarbonising steel production were recognised by the World Steel Association, which named them the 2024 Steel Sustainability Champion. The World Economic Forum also recognised EMSTEEL's contributions to decarbonising the iron and steel industry, placing them among the top five steel companies worldwide that have received this recognition. In September 2024, EMSTEEL was appointed as Co-Chair of the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA), the statement concluded.
Zawya
18-06-2025
- Business
- Zawya
Emsteel secures key MSCI provisional ESG rating
Emsteel (formerly Emirates Steel Arkan) has announced that it has received a provisional ESG rating of 'AA' from MSCI, one of the highest among steel players globally, recognising the group as one of the few global steel and building materials manufacturers that stand out for their strong performance on Environmental, Social, and Governance (ESG) issues. MSCI ESG Ratings evaluates over 9,000 companies worldwide, assessing their exposure to industry-material ESG risks and how well they manage them relative to peers. The ratings range from 'leader' (AAA, AA), average (A, BBB, BB) to 'laggard' (B, CCC). This score reaffirms the Group's ESG leadership among its peers globally. Reinforcing Emsteel's position as one of the industry leaders in managing key ESG risks and opportunities, MSCI's evaluation particularly highlights the group's efforts in managing its environmental impact through innovative responsible practices to abate carbon emissions, and enhancing well-being, health and safety practices for its workforce – with almost all categories significantly above the global average. Group CEO Eng. Saeed Ghumran Al Remeithi said: "Our inaugural 'AA' ESG rating by MSCI is a powerful testament to Emsteel's commitment to sustainable industrial leadership. It reflects the strength of our governance, the resilience of our people, and our deep-rooted responsibility to the environment and communities we serve." "As we align with the UAE's Net Zero 2050 vision, this recognition strengthens our resolve to lead by example, delivering lasting value to our shareholders, society, and future generations," he stated. The 'AA' provisional ESG-rating follows the Groups announcement in May 2025 regarding its landmark Green Finance Framework, which is a cornerstone of Emsteel's broader Environmental, Social, and Governance (ESG) strategy. The Framework's development was supported by key partners, including ING as Lead Sustainability Structuring Bank and First Abu Dhabi Bank (FAB) as Sustainability Structuring Bank. For the MSCI ESG rating, ING also acted as the ESG Rating Advisor. Emsteel is driving industrial sustainability through an ambitious decarbonisation strategy. The Group aims to reduce emissions by 40% in its Steel Business Unit and 30% in its Cement Business Unit by 2030, using 2019 as the baseline year, and is firmly committed to achieving net-zero emissions by 2050. Key initiatives include enhancing energy efficiency, integrating renewable energy, and advancing green hydrogen innovation all in alignment with the UAE's Net Zero 2050 agenda. Emsteel reported total Scope 1 and 2 emissions of 4.5 million tonnes of CO₂ as of 2023 - representing a 23% reduction from the 2019 baseline - a milestone that earned the Group global recognition for its sustainability leadership. Emsteel was recognised as the 2024 Steel Sustainability Champion by the World Steel Association for its pioneering efforts in decarbonising steel production. The World Economic Forum also recognised Emsteel for its outstanding efforts in decarbonising the iron and steel industry, placing it among the top five leading steel companies worldwide that have received this recognition. In September 2024, Emsteel was appointed as Co-Chair of the Alliance for Industry Decarbonisation (AFID) led by the International Renewable Energy Agency (Irena).
Zawya
17-06-2025
- Business
- Zawya
EMSTEEL recognised as an ESG Leader with ‘'AA'' provisional rating from MSCI
MSCI acknowledges the Group's position as one of the industry leaders in managing the most significant sustainability issues EMSTEEL scores almost double the global average across 'managing carbon emissions' and 'health & safety' categories Abu Dhabi, United Arab Emirates: EMSTEEL (the Group), one of the largest publicly traded steel and building materials manufacturers in the region, today announced that it has received a provisional ESG rating of 'AA' from MSCI, one of the highest among steel players globally, recognising the Group as one of the few global steel and building materials manufacturers that stand out for their strong performance on Environmental, Social, and Governance ('ESG') issues. Reinforcing EMSTEEL's position as one of the industry leaders in managing key ESG risks and opportunities, MSCI's evaluation particularly highlights the Group's efforts in managing its environmental impact through innovative responsible practices to abate carbon emissions, and enhancing well-being, health and safety practices for its workforce with almost all categories significantly above the global average. MSCI ESG Ratings evaluates over 9,000 companies worldwide, assessing their exposure to industry-material ESG risks and how well they manage them relative to peers. The ratings range from 'leader' (AAA, AA), average (A, BBB, BB) to 'laggard' (B, CCC). This score reaffirms the Group's ESG leadership among its peers globally. Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: 'Our inaugural 'AA' ESG rating by MSCI is a powerful testament to EMSTEEL's commitment to sustainable industrial leadership. It reflects the strength of our governance, the resilience of our people, and our deep-rooted responsibility to the environment and communities we serve. As we align with the UAE's Net Zero 2050 vision, this recognition strengthens our resolve to lead by example, delivering lasting value to our shareholders, society, and future generations.' The 'AA' provisional ESG-rating follows the Groups announcement in May 2025 regarding its landmark Green Finance Framework, which is a cornerstone of EMSTEEL's broader Environmental, Social, and Governance (ESG) strategy. The Framework's development was supported by key partners, including ING as Lead Sustainability Structuring Bank and First Abu Dhabi Bank (FAB) as Sustainability Structuring Bank. For the MSCI ESG rating, ING also acted as the ESG Rating Advisor. EMSTEEL is driving industrial sustainability through an ambitious decarbonisation strategy. The Group aims to reduce emissions by 40% in its Steel Business Unit and 30% in its Cement Business Unit by 2030, using 2019 as the baseline year, and is firmly committed to achieving net-zero emissions by 2050. Key initiatives include enhancing energy efficiency, integrating renewable energy, and advancing green hydrogen innovation all in alignment with the UAE's Net Zero 2050 agenda. EMSTEEL reported total Scope 1 and 2 emissions of 4.5 million tonnes of CO₂ as of 2023 representing a 23% reduction from the 2019 baseline a milestone that earned the Group global recognition for its sustainability leadership. EMSTEEL was recognised as the 2024 Steel Sustainability Champion by the World Steel Association for its pioneering efforts in decarbonising steel production. The World Economic Forum also recognised EMSTEEL for its outstanding efforts in decarbonising the iron and steel industry, placing it among the top five leading steel companies worldwide that have received this recognition. In September 2024, EMSTEEL was appointed as Co-Chair of the Alliance for Industry Decarbonisation (AFID) led by the International Renewable Energy Agency (IRENA). For more on EMSTEEL's ESG performance strategy, please refer to the 2024 Sustainability Report, available on the company's website. About EMSTEEL EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE's largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors. EMSTEEL is committed to contributing to the UAE's industrial strategy 'Operation 300 billion' by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is a global leader in low-carbon steel production and is aligned with the UAE's Net Zero by 2050 Strategic Initiative. Headquartered in Abu Dhabi, EMSTEEL operates 16 state-of-the-art plants, with a production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement annually, fuelling the nation's most iconic projects. EMSTEEL is majority owned by ADQ, an active sovereign investor with a focus on critical infrastructure and supply chains. For more information, please visit our website: For Media enquiries, please contact: Mohammad Daggamseh Manager of Media and Communications Mobile: +971 56 414 4143 Email: For Investor enquiries, please contact: Gleb Diachkov-Gertcev Director of Investor Relations Phone: +971 2 507 2158 Email:
ME Construction
02-06-2025
- Business
- ME Construction
EMSTEEL partners with Magsort to produce decarbonised cement
Sustainability EMSTEEL partners with Magsort to produce decarbonised cement By EMSTEEL has said that it has achieved a significant milestone in its decarbonisation journey by entering into a strategic partnership with Finnish company Magsort to produce decarbonised cement. The partnership builds upon the group's success in implementing an industrial scale pilot for decarbonised cement production at its Al Ain facility. The pilot utilised 10,000t of […] EMSTEEL has said that it has achieved a significant milestone in its decarbonisation journey by entering into a strategic partnership with Finnish company Magsort to produce decarbonised cement. The partnership builds upon the group's success in implementing an industrial scale pilot for decarbonised cement production at its Al Ain facility. The pilot utilised 10,000t of materials that reduce carbon, which were developed by incorporating steel slag, a statement from the company explained. The pilot project is said to provide a unique use-case for complementary operations between its two main business lines: Steel and Cement. This is achieved by incorporating steel slag at scale as raw material for clinker and cement production, reinforcing the group's commitment towards driving sustainability in the sector. Due to its diverse product range, EMSTEEL in uniquely positioned to pioneer a viable and practical circular economy case study. This simultaneously underscores EMSTEEL's strategic capability to expedite decarbonisation efforts across diverse sectors and strengthens its standing as a regional sustainability leader, setting new benchmarks for industrial innovation in developing low-carbon cement, the statement explained. To meet the growing demand for low-carbon cement in the local market, the company has set its sights on constructing an integrated line at its Al Ain plant. This line will process steel residue and refine materials sourced from EMSTEEL's steel plant in Abu Dhabi. This initiative marks a significant step forward, and it is anticipated to directly reduce Scope 1 carbon dioxide emissions. Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL said, 'This is a proud moment for EMSTEEL and a strong signal of what is possible when innovation meets ambition. By transforming steel slag into a valuable input for cement, we are not only cutting emissions but also proving the commercial value of industrial circularity. Our integrated model is unlocking real results, and this milestone is a testament to our commitment to accelerate our decarbonisation journey and help deliver the UAE's Net Zero vision.' Hugo Losada, CEO of Emirates Cement, part of EMSTEEL Group added, 'This milestone represents an important step in our decarbonisation journey. Proving the technical and commercial viability of this decarbonisation effort is a promising sign that we will be able to achieve our objective of hitting the 2030 decarbonisation targets by 2026. We look forward to continuing this very fruitful co-operation with Magsort over the years to come.' Kalevi Kostiainen, CEO of Magsort remarked, 'We are extremely happy in achieving this key milestone in Abu Dhabi. The co-operation with Emirates Cement has been incredibly productive and this facility serves as a large-scale example for the industry on how to achieve significant CO₂ reduction with today's technology and existing materials. It's a clear win-win for the cement and steel industries. We would like to thank Emirates Cement for leading the way and taking action.' This initiative is a core component of EMSTEEL's decarbonisation strategy. The company aims to achieve a 40% reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and by 30% reduction in its Cement Business Unit by 2030, using 2019 as the baseline year. EMSTEEL remains firmly committed to reaching net-zero emissions by 2050, the statement concluded.
