UAE companies sign pledge to achieve net zero target by 2050

The launch is part of the fourth edition of the National Dialogue on Climate Ambition (NDCA), a series of industry-specific meetings to establish a national sustainability vision and inform the country’s pursuit of climate neutrality. The fourth NDCA is focused on reaching zero in the hospitality industry.

“We are delighted to launch the Emirates Climate Accountability Company Commitment and there is no better place than the NDCA, where we build rapport with all sectors to boost their climate ambitions and turn them into active partners in our net zero drive. This commitment will help us – the UAE Government – to engage with entities that are keen to make a positive contribution to our climate neutrality movement and to align their efforts to achieve our shared goals. I invite all companies to show that they care about their commitment to Our climate impacts, and they are ready and willing to translate their commitments into action by signing the UAE Climate Responsibility Corporation Pledge,” said Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment

The event saw 21 companies from key industries such as cement, aluminium and steel join the pledge. These include BEEAH, Emerson, Emirates Nature-WWF, Majid Al Futtaim Group, Standard Chartered Bank, HSBC, Masdar, Emirates Global Aluminium, Emirates Steel Arkan Group, Aldar Properties, Emirates Environmental Group, Strata, Al Yah Satellite Communications Company (Yahsat) , Chalhoub Group, Pure Harvest, AESG, Taka Solutions, Lafarge Emirates Cement, EY, EV Lab and TotalEnergies.

These entities pledged to strengthen joint efforts to tackle climate change by transparently measuring and reporting their greenhouse gas (GHG) emissions, developing ambitious scientific plans to reduce their carbon footprints, and sharing these plans with the UAE government by 2050 Contribute to the achievement of the national net-zero emissions target in 2018.

In addition, the signatories commit to make climate change mitigation and adaptation core values ​​and principles of their business and operating models, and to take an inclusive approach that engages youth, women and socially disadvantaged groups in developing their net-zero emissions. plan.

The launch of the UAE Climate Accountability Company’s commitment is part of the MOCCAE initiative to expand the UAE’s climate action and allow countries to seek higher Greenhouse gas reduction targets. The strong interest from companies in signing the pledge reflects private sector entities’ awareness of the serious threat of climate change and its adverse impacts on the environment, food security, water security and public health.