Latest news with #GHG
Zawya
13 hours ago
- Business
- Zawya
Qatar-based GAB becomes the first accreditation body from the MENA region to sign APAC's MRA for GHG Accreditation
DOHA, QATAR – Continuing its commitment to supporting global and regional climate initiatives, Qatar-based Global Accreditation Bureau (GAB) has officially become a Mutual Recognition Arrangement (MRA) Signatory of the Asia Pacific Accreditation Cooperation (APAC) for the accreditation of Validation and Verification Bodies (VVBs) for Greenhouse Gases (GHG). This achievement positions GAB as a key enabler in the MENA region for climate accountability and sustainability practices aligned with international standards. Becoming an MRA signatory signifies that GAB's accreditation processes for GHG VVBs have been rigorously evaluated and deemed equivalent to those of other recognized accreditation bodies within APAC. This is particularly significant given the standing of APAC as a highly respected and influential regional cooperation of accreditation bodies in the Asia Pacific region. This development follows GAB's earlier success in 2024, when it became an MRA Signatory of both the Asia Pacific Accreditation Cooperation (APAC) and the International Accreditation Forum (IAF) for accreditation of Management System Certification Bodies. GAB's elevated status not only enhances its international recognition but also uniquely positions it as the first and only Accreditation Body Member in the MENA region to be part of APAC MRA group with a scope of GHG validation and verification. Speaking about the latest milestone, Dr. Yousef Alhorr, Founding Chairman of GAB, said, 'By becoming APAC's MRA Signatory for the accreditation of GHG validation and verification bodies, we are directly addressing the increasing demand for robust and transparent GHG accounting, aligning with international frameworks. By ensuring that VVBs accredited by GAB operate under a rigorous, internationally recognized accreditation framework, GAB is steadily progressing towards its goal of empowering stakeholders in the MENA region and other neighboring countries. To this end, it will assure that GHG validation and verification processes operated under accreditation from GAB are technically sound and adhere to the international standards, fostering confidence and paving the way for a sustainable, low-carbon future.' GAB's extended MRA signatory status will significantly benefit organizations and VVBs operating within the MENA region and neighboring countries. It will provide them with easier access to internationally recognized accreditation services for GHG validation and verification. GHG reports originating from VVBs accredited by GAB will gain greater acceptance within international markets that acknowledge the APAC MRA. This will ease trade barriers and enhance market access for organizations relying on these verified reports. Simplifying their selection process, organizations seeking GHG validation and verification services can now select GAB-accredited bodies with confidence, assured that these VVBs meet rigorous international standards. Ultimately, GAB's MRA status will empower organizations to accurately measure, report, and reduce their greenhouse gas emissions which will significantly contribute to broader global sustainability objectives and climate action initiatives within the region. GAB's extended MRA signatory status will amplify its existing portfolio and influence within the accreditation landscape. Having already accredited five VVBs—two based in Qatar and three in India—under this expanded scope, GAB is demonstrating its growing capacity to support GHG validation and verification services. With many other applicant bodies currently undergoing rigorous review at various stages of GHG-related accreditation, this momentum suggests a substantial increase in GAB's accredited partners. About GAB: Global Accreditation Bureau (GAB) is the first and only accreditation body established in Qatar by GORD as an independent legal entity to provide accreditation services to third party conformity assessment bodies (also known as Certification Bodies). It is the first to start providing accreditation services as per ISO 17029:2019 & ISO 14065:2020 to organizations providing validation and/or verification of environmental information and greenhouse gas (GHG) assertions for organizations (ISO 14064-1 & ISO 14064-3) and projects (ISO 14064-2 & ISO 14064-3). For more information, contact: Hussam Othmany Director, Marketing & Corporate Communications email: Farwa Zahra Senior Public Relations Specialist email:
Khaleej Times
04-06-2025
- Business
- Khaleej Times
Tristar launches greenhouse gas report ahead of UAE's emission reduction law implementation
Tristar Group launched its first annual Greenhouse Gas (GHG) report a few days after the UAE Government put into effect Federal Decree-Law No. (11) of 2024 on the reduction of climate change effects. The law sets out emissions reduction targets across key sectors such as energy, infrastructure, and waste management. Tristar's initiative shows that its GHG emissions for the year 2024 were calculated to be 2,513,747 tonnes of carbon dioxide equivalents (tCO2e). Estimating GHG emissions aligns with Tristar's sustainability goals by providing crucial insights into its carbon footprint. By quantifying GHG emissions, the company aims to identify key areas for improvement and implement targeted strategies to reduce emissions across its operations. 'We did not just comply ahead of regulatory requirements but would really want to take the lead in climate change mitigation as a responsible business,' explained Tristar Group CEO Eugene Mayne. 'Considering the increasing global climate challenges, our initiative underscores the importance of corporate accountability and climate resilience in alignment with UAE's Net zero goals.' The federal law includes various mitigation measures such as carbon capture, utilisation, and storage (CCUS), and enhancement of natural carbon sinks. A key feature of the law is the introduction of a robust measurement, reporting, and verification (MRV) framework. This system mandates emissions inventories, third-party audits, and the creation of a national electronic tracking platform. As a company founded on the principles of Business with Purpose and as a member of the United Nations Global Compact network since 2011, Tristar celebrated World Environment Day on June 3 in support of the United Nation's 2025 theme on 'Beat Plastic Pollution'. Tristar offers a comprehensive range of services to cater to the needs of the petroleum, chemical and petrochemical industries, both in the ME region and globally. Its core expertise lies in its ability to safely house and distribute all types of retail fuels, lubricants, chemicals, petrochemicals and liquid gases by road, sea, or air.
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Gulf Hotels Group B.S.C. (GHG) announced a net profit of BD 2.452 million for the first quarter of 2025, reflecting an 8% year-on-year decrease from BD 2.663 million in Q1 2024. The decline was primarily attributed to seasonal challenges, notably reduced travel and hotel occupancy during Ramadan. Earnings per share for the quarter stood at 11 Fils, compared to 12 Fils in the same period last year. Despite the dip in net profit, the Group posted a 7% rise in total comprehensive income, which reached BD 2.542 million, up from BD 2.382 million in Q1 2024. Total revenue for the quarter came in at BD 8.611 million, down 4% from BD 8.983 million a year earlier. Meanwhile, the Group's total assets increased slightly to BD 113.786 million, up 0.8% from BD 112.862 million at the end of 2024. However, total equity (excluding minority interests) declined by 3% to BD 102.424 million. Commenting on the results, Group Chairman Mr. Fawzi Kanoo stated: 'The Q1 financials highlight the strength and resilience of our diversified portfolio. While Ramadan seasonally impacts hospitality activity, we remain optimistic about the sector's outlook, especially with ongoing government efforts to bolster tourism in Bahrain.' GHG CEO Mr. Ahmed Janahi echoed this sentiment, noting that occupancy rates across the market dropped from 54.2% to 52.1% compared to Q1 2024. Revenue per available room (RevPAR) also declined by 11.7% year-on-year due to lower demand and pricing pressures during the holy month. Looking ahead, Janahi said the Group expects stronger performance in Q2 and beyond, supported by major events such as the Formula 1 Grand Prix and Eid holidays. 'We're actively executing several strategic initiatives including integrating Gulf Hotel Bahrain into the Marriott Bonvoy loyalty programme, expanding our F&B offerings, and exploring regional growth opportunities,' he added. GHG's full Q1 financial statements are available on the Bahrain Bourse website at
Arabian Business
15-05-2025
- Business
- Arabian Business
EMSTEEL overcomes global headwind as domestic demand stays strong
The company's Decarbonisation Strategy aims to reduce GHG by 40% from its steel business and 30% from its cement units
Associated Press
12-05-2025
- Business
- Associated Press
Asuene, Asia's Leading Climate Technology, Decarbonization Accounting Cloud Service Provider Acquires NZero, U.S. Pioneering Startup Specializing In AI-Powered Energy Intelligence Management Solutions
Acquisition accelerates Asuene's global expansion, strengthening its net-zero emission structure through integration of NZero's advanced GHG measurement and AI-powered data services in use by the U.S. public and private sector TOKYO, May 12, 2025 /PRNewswire/ -- Asuene, a leading climate technology solutions provider specializing in cloud-based solutions for carbon accounting, ESG (Environmental, Social, and Governance) data management, and decarbonization announced today that it has acquired NZero, Inc., a Nevada-based climate tech company providing real-time GHG emissions measurement and AI-powered energy intelligence management services, making NZero a wholly-owned subsidiary of Asuene America Holdings. The partnership marks a strategic expansion for Asuene into the North American and U.S. Greentech and corporate sustainability markets. Founded in 2019 by Kohei Nishiwada - named a Forbes Japan Top 20 Entrepreneur in 2025 - Asuene offers a suite of products in the decarbonization and ESG space, including CO2 emissions measurement, reduction and reporting, alongside advanced greenhouse consulting services. Through its comprehensive sustainability solutions, Asuene supports the decarbonization and ESG management efforts of more than 25,000 companies, backed by investment funds and VCs that include Salesforce Ventures, Sony Investment Fund, Pavilion Capital (Temasek Group), SMBC, Japan Green Investment Corp. for Carbon Neutrality , GMO VenturePartners and MetaProp. NZero delivers a unified climate tech platform that automates and streamlines energy data collection, using AI to optimize both costs and GHG emissions using highly granular, hourly or sub-hourly measurements in real time. Already deployed across 20+ cities and states, its technology supports energy-intensive sectors, including public infrastructure spanning transportation, water, energy, communications, digital systems, and data centers. NZero's solutions are also in use across business verticals that includes real estate, health and financial services, digital infrastructure and professional services, sports and entertainment and lifestyle. 'Partnering with NZero marks a significant milestone in Asuene's journey toward becoming the world's leading climate tech company,' said Asuene Founder and CEO, Kohei Nishiwada. 'As decarbonization becomes central to long-term strategy for businesses, our collaboration with NZero enables cutting-edge, data-driven solutions that support measurable outcomes. By uniting our capabilities across Japan and the U.S., we're empowering businesses and governments with the tools they need to reduce emissions, optimize energy use, and meet regulatory and stakeholder expectations with confidence.' NZero acquisition background As the U.S. enters a new era of energy and climate policy, this alliance was formed to address rising energy and emission challenges, offering scalable growth potential across two of the world's most influential markets, positioning the combined entity as a frontrunner in the global climate tech economy. The strategic integration of Asuene's Asia region market leadership in sustainability and compliance with NZero's AI-powered energy intelligence platform—already gaining traction with U.S. state governments and several industries—creates a differentiated and comprehensive decarbonization solution. Asuene's acquisition of NZero further enhances its global Greentech capabilities and positions the company to deliver integrated, full-scale decarbonization solutions—laying the foundation for a world-class climate tech platform poised to meet rising global demand. 'This alliance allows NZero to accelerate GHG emissions measurement and the implementation of reduction measures in the United States and across Asuene's global operations as a fully integrated partner,' said Josh Weber CEO of NZero. 'As climate change intensifies and global sustainability standards evolve, combining industry expertise and innovation is critical in equipping organizations with the tools needed to take accountable, measurable steps toward net-zero emissions.' US Greentech/Decarbonization challenges and opportunities In 2025, the U.S. Green tech landscape is marked by a sharp contrast between federal policies, regional and local initiatives. The Trump administration's rollback on decarbonization efforts has led to a decline in federal commitment, including the withdrawal from the Paris Agreement, reduced investment for renewable energy and increased support for the fossil fuel industry. In turn, states like California and New York, along with various cities, continue to lead the charge, pushing forward with their own ambitious emissions reduction goals. This dichotomy has resulted in a decentralized, yet resilient, approach to climate action, as local governments and the private sector accelerate their decarbonization efforts. While the federal government's stance on climate regulations may be shifting, the pressure on businesses to reduce emissions remains relentless. This is driven by market forces, including customer demands, investor expectations, and international competition. As companies continue to voluntarily disclose their emissions data, states, local governments and the private sector's momentum towards decarbonization is gaining strength, further demonstrating that green tech is not just a matter of policy, but one of global economic competitiveness. Through this acquisition, Asuene will leverage the high-precision GHG emissions calculation systems and energy intelligence management technologies developed by NZero, with its expanding global market presence, including within the public sector, to establish and strengthen the Greentech business foundation in the US sustainability market. 'NZero is a truly dependable and proven technology partner that has consistently achieved results for municipalities and public facilities,' added Nishiwada. Asuene is ranked 86th on the list of TIME Magazine's 'World's Top GreenTech Companies 2025,' out of 250 companies selected worldwide - one of three Japanese companies and the only Japanese carbon accounting platform provider to make the list. Moving forward, guided by its mission, 'Creating a better world for the next generation', Asuene will continue its mission to accelerate the development of infrastructure for a decarbonized society, through strategic acquisitions investment and partnerships with a focus on Japan, the United States, Asia, and the broader global landscape. About Asuene Asuene Inc. is a leading Climate Tech company committed to driving global efforts toward a net-zero society, providing comprehensive sustainability solutions for businesses on their decarbonization journey. The ASUENE carbon accounting platform enables the measurement, reporting, and reduction of greenhouse gas emissions. Learn more at About NZero NZero's Energy Intelligence platform enables organizations, governments, and businesses to operationalize and optimize energy usage, cost, and emissions. By delivering granular data at both the asset and portfolio levels – paired with powerful predictive analytics, reporting, and compliance tools – NZero empowers leaders to make informed decisions that drive efficiency, reduce expenses, and meet climate commitments. To learn more, visit Media Contact: CJ Martinez +1 310 980 5431 [email protected] View original content to download multimedia: SOURCE Asuene
