Latest news with #ADNOCDistribution
Zawya
12-06-2025
- Business
- Zawya
ADNOC Distribution's ESG report highlights sustainability and innovation efforts
ABU DHABI: ADNOC Distribution has published its 2024 Environmental, Social, and Governance (ESG) Report. The report details major progress in sustainability, climate action, innovation, community investment, and national value creation. Prepared in line with GRI Standards and verified by KPMG, it aligns with the UAE Net Zero by 2050 agenda and ADNOC Group's Net Zero by 2045 ambition. In a statement today, ADNOC Distribution said it continues to evolve its ESG strategic vision in line with leading local and global ESG agendas, such as the UAE Energy Strategy 2050, the UAE initiative to achieve Net Zero by 2050, the National Climate Change Plan of the UAE 2017-2050, the Environment Vision 2030, and the Abu Dhabi Economic Vision 2030. "Through our initiatives, ADNOC Distribution is constantly seeking new ways to reduce our carbon footprint and promote renewable energy solutions to reduce carbon intensity in its operations by 25% by 2030. 'In line with our Decarbonization Roadmap was announced in 2023, outlining our commitment to significantly reducing carbon emissions and energy usage in our operations. To facilitate the implementation of this roadmap, we are identifying energy-saving opportunities within our facilities, retrofitting existing buildings, and further promoting the integration of renewable energy generation within our business.' Eng. Bader Saeed Al Lamki – CEO Of ADNOC Distribution commented, 'As we reflect on 2024, I am proud to share the remarkable strides ADNOC Distribution has made in our ongoing commitment to sustainability, innovation, and responsible growth.' He added, 'We significantly enhanced our ESG ratings, expanded our EV network to 220 charging points, and advanced over 20 AI-driven projects to elevate sustainability and operational efficiency. 'Our Emiratisation rate of over 62% and AED 3.9 million spent on CSR reflect our deep-rooted commitment to national development and social transparent governance, strong financials, and forward-looking sustainability initiatives, we are building a future that embraces both the well-being of our planet and the communities we serve.'
Mid East Info
11-06-2025
- Business
- Mid East Info
Environmental , Social & Governance (ESG) Highlights 2024 FUELING PROGRESS, SUSTAINING TOMORROW - Middle East Business News and Information
At ADNOC Distribution, sustainability is integral to how we operate, grow, and create value for all stakeholders. Our 2024 ESG Report responsible growth while supporting the transition to a lower-carbon future. reflects the continued progress we have made on our environmental, social, and governance commitments, aligned with the UAE's national sustainability goals and our long-term strategy. From advancing net zero to empowering lives, we remain focued on delivering The 2024 Environmental, Social, and Governance (ESG) report serves as a testament to our dedication to transparency, stakeholder engagement, and aligning our operations with global sustainability standards. Click here to read the full report
Trade Arabia
11-06-2025
- Automotive
- Trade Arabia
ADNOC Distribution achieves major ESG milestones
ADNOC Distribution recently released its 2024 ESG Report, one of the most ambitious sustainability disclosures from the region's mobility and retail fuel sector to date. The report underscores ADNOC Distribution's journey from a traditional fuel retailer into a sustainability-driven mobility and convenience leader. Some standout achievements include: • 100% of UAE fleet now operates on B20 biofuels, reducing 1,468 tCO₂e annually • 100% renewable energy powers the E2GO EV charging network • Over 5.8 million bottles recycled via Reverse Vending Machines in 2024 • 25,000+ mangroves planted in 2024, which are "adoptable" by loyalty customers through the ADNOC Distribution app • 220 fast and super-fast EV chargers installed as of the end of 2024 - a 4x year-on-year increase - with ADNOC Distribution on-track to have 300 installed across the E2GO network by the end of 2025 • 5,083 MWh of solar energy generated from 31 solar photovoltaic (PV) - equipped stations • Recognition for ESG leadership by Bloomberg, FTSE, S&P Global, London Stock Exchange Group, and MSCI • 62% Emiratization rate, with significant investment in youth and women empowerment The report also highlights ADNOC Distribution's commitment to ESG governance, with the creation of a board-level ESG Subcommittee and achievement of key KPIs under its AED5.5 billion sustainability-linked loan.
Al Etihad
10-06-2025
- Business
- Al Etihad
ADNOC Distribution burnishes its ESG credentials
10 June 2025 17:31 A. SREENIVASA REDDY (ABU DHABI) ADNOC Distribution has demonstrated significant strides in its Environmental, Social, and Governance (ESG) agenda throughout 2024, as outlined in its comprehensive annual ESG report submitted to the Abu Dhabi Securities Exchange (ADX). This report not only highlights the company's progress but also underscores its commitment to sustainability as a fundamental aspect of its long-term strategy, signalling an ambition to lead the energy sector's transition towards a lower-carbon future. The year 2024 was marked by a series of tangible achievements across its six sustainability pillars, reflecting a dedication to transparency and stakeholder the realm of Climate, Emissions, & Energy, ADNOC Distribution achieved notable success with 100% of its UAE fleet operating on biofuels, leading to a substantial annual emissions reduction. All energy supplied for electric vehicle (EV) chargers is now derived from clean and renewables-based sources, with significant solar photovoltaic energy (5,083 MWh PV) generated from service station rooftops in Abu Dhabi and Dubai. The company also expanded its EV charging network to 220 fast and super-fast chargers and launched the second phase of its H₂GO pilot green hydrogen refuelling station. For the Local Environment, initiatives included planting over 25,000 mangrove seeds and collecting more than 5.8 million bottles through Reverse Vending Machines, alongside recording zero negative impacts on biodiversity and consistently conducting HSE impact company's Economic and Social Contribution saw it achieve a 71.4% In-Country Value contribution, alongside reporting its highest EBITDA since IPO at Dh3.86 billion and revenues of Dh35.45 billion. Investment in CSR initiatives was substantial, and the expansion of retail fuel infrastructure continued. Significant progress was made in Workforce Diversity and Development, with ADNOC Distribution employing a diverse workforce of 77 nationalities and increasing women's representation across various management and STEM roles. The Emiratisation rate surpassed 62%, and extensive training, wellbeing initiatives, and ESG awareness programmes were delivered to employees. Under Health, Safety, & Security, the company maintained an impressive safety record with zero fatalities and high-consequence work-related injuries, implementing fatigue management systems and conducting numerous HSE audits. Lastly, in Business Sustainability, an ESG Subcommittee was established at the Board level to embed sustainability into strategic decision-making. The company also secured ISO 22241 certification for ADNOC Blue, successfully met KPIs under its sustainability-linked loan, and enhanced its ESG ratings, leading to inclusion in prestigious ESG-linked company's leadership emphasised the strategic significance of these accomplishments. Eng. Bader Saeed Al Lamki, Chief Executive Officer, ADNOC Distribution, expressed his pride in the "remarkable strides ADNOC Distribution has made in our ongoing commitment to sustainability, innovation, and responsible growth." He specifically highlighted the expansion of the EV charging network, which quadrupled its reach, stating: "This expansion supports the UAE's transition to cleaner energy and makes sustainable mobility more accessible than ever." Paula Disberry, Chairwoman of the ESG Subcommittee, ADNOC Distribution, articulated her belief that "sustainability is not just a responsibility—it is an opportunity to drive long-term value for our stakeholders." She underscored that 2024 was "a pivotal year for ADNOC Distribution's ESG agenda,' marked by the establishment of the ESG Subcommittee to integrate risks, opportunities, and stakeholder expectations into business strategies. Athmane Benzerroug, Chief Strategy, Transformation, and Sustainability Officer, ADNOC Distribution, confirmed the company's advanced sustainability efforts "with a heightened sense of responsibility and a clear path forward.' He detailed the decarbonisation roadmap, aiming to reduce carbon intensity by 25% by 2030 and accelerate Net Zero by 2045, further adding, "Our focus on sustainable energy has reached new heights with the successful expansion of our hydrogen infrastructure."
Zawya
02-06-2025
- Business
- Zawya
ADNOC Gas joins MSCI Emerging Market Index
ADNOC Gas has been added to the MSCI Emerging Markets Index, becoming the third ADNOC stock to join the global benchmark that includes the most prominent publicly listed companies from 24 emerging market countries. ADNOC Gas will be the largest addition to the Index by market capitalisation and joins ADNOC Distribution and ADNOC Drilling which were added to the benchmark in 2021 and 2024, respectively. The company's inclusion follows its successful $2.84 billion (AED10.3 billion) marketed offering of 3.1 billion shares in February, which increased the number of shares available to the public by 80% and helped the stock successfully meet key eligibility criteria for entry into the Index. This marks a significant milestone in the ADNOC Gas's ongoing efforts to enhance its global investment profile, attract a broader and more diversified investor base and improve liquidity of its shares. Through their inclusion in the MSCI Index, the three ADNOC Group companies collectively raise both ADNOC's and the Abu Dhabi Securities Exchange's (ADX) global investment profile, while enhancing liquidity in the UAE market and further cementing the UAE's position as an attractive destination for foreign investment. As with ADNOC Distribution and ADNOC Drilling's addition to the Index, ADNOC Gas experienced a surge in trading on the final day before its index inclusion, attracting $469 million (AED1.7 billion) in capital inflows. The inclusion of ADNOC Gas in the Index also marks another milestone in ADNOC's efforts to foster growth of the UAE's capital market, which began in 2017 with the public listing of ADNOC Distribution on the ADX. Since then, ADNOC has brought another five of its subsidiaries to the public market, with a current combined market cap of around $140 billion (AED508 billion). ADNOC's growing listed company portfolio is providing attractive opportunities for global investment into the UAE, further integrating the UAE's capital markets into the global financial ecosystem.
