GlobalData offers a comprehensive analysis of Abu Dhabi National Energy, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Abu Dhabi National Energy‘s ESG performance. GlobalData’s company profile on Abu Dhabi National Energy offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Abu Dhabi National Energy (TAQA) has set ambitious net-zero targets by 2050 as part of its corporate strategy. According to sustainable development report, in 2022 the company’s GHG emission for scope 1 was 57.62 tCO2e and Scope 2 was 0.19 tCO2e. The company achieved an 8% reduction in greenhouse gas (GHG) emissions for both scope 1 and scope 2 in comparison to 2021 and a notable 11% decrease compared to the base year of 2019.
In September 2022, the global Alliance for Industry Decarbonisation was inaugurated by The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy, and 13 founding members representing diverse industry sectors, including TAQA. The alliance's primary objective is to expedite Net Zero aspirations and the decarbonization of industrial value chains, aligning with the climate goals outlined in the Paris Agreement. Currently, TAQA is actively engaged as a member in four working groups within the alliance, focusing on renewables, green hydrogen, finance, and Carbon Capture, Utilisation, and Storage (CCUS). The company acknowledges the importance of decarbonization and has a long-term and short-term strategy in place to manage scope 1 emissions. The report also mentions that 96% of TAQA's power deliveries are associated with GHG emissions.
TAQA has taken steps to reduce its emissions and achieve its net-zero targets. The company has invested in renewable energy sources, with close to 100% of its electricity generated in regulated markets coming from renewables. Additionally, TAQA has implemented energy management systems and policies to promote conservation and revenue resilience. The company is also actively managing risks associated with climate change and water resources.
TAQA's efforts in decarbonization and sustainability are evident. The company's focus on renewable energy sources and energy efficiency measures demonstrates its commitment to reducing emissions. TAQA's investments in renewable energy and its efforts to manage water resources and air emissions contribute to its overall sustainability goals.
In conclusion, TAQA has set net-zero targets by 2050 and is taking significant steps to reduce its GHG emissions. The company's investments in renewable energy, energy management systems, and risk management strategies showcase its commitment to sustainability. TAQA's efforts align with the global push for decarbonization and a transition to cleaner energy sources.
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