Committed to Sustainability

Environment social and governance values are a thread that run through the heart of our corporate strategy. As a National low-carbon champion and a key decarbonization enabler in the UAE our emissions reduction goals represent a credible step towards achieving net zero and are a demonstration of our commitment to catalyzing the energy transition. We are well on the way to achieving our medium and long-term sustainability ambitions while enabling wider decarbonization across the UAE economy. At TAQA we are driven by a commitment to aligning our strategy with sustainable development, climate action and a just energy transition for all.

Jasim Husain Thabet
Group Chief Executive Officer and Managing Director

Our greenhouse gas emissions reduction targets and broader ESG strategy reflect TAQA’s evolution into a true low-carbon power and water champion and a pillar of national decarbonization. We recognize our responsibility as a major regional utility to lead decarbonization efforts and we will be unwavering, both in our pursuit of the opportunities presented by climate action and in our commitment to ESG principles.

ESG Ambitions

Climate Change

  • Achieve Net Zero scope 1 and 2 GHG emissions by 2050
  • Reduce scope 1 and 2 GHG emissions across the Group by 25% and in UAE by 33% by 2030 compared to the 2019 base year (interim)
  • Enhance climate resilience through reducing risks and increasing adaptive capacity
Water and effluents

  • Reduce energy consumption for desalination by expanding highly efficient reverse osmosis technologies to make up two-thirds of desalination by 2030
  • Reduce losses in water distribution by 25% in 2030 compared to 2021 base year
Occupational health and safety

  • Increase transparency of reporting
  • Maintain focus on prevention of incidents through a shift in safety culture and approach
Diversity and equal opportunity

  • Reinforce diversity across four groups: gender, age, nationality and People of Determination
  • Have 30% women in management positions by 2030
Local community engagement

  • Focus group CSR efforts on two themes: Education equality and Environment covering eight SDGs
  • Increase CSR spend above current levels both nationally and globally
Corporate governance

Continue adoption of governance best practices beyond local regulations and requirements

ESG Ratings

2020

CCC

Laggard
2023

BBB

Average
0 to 100 (0 = top mark)
2020

49

Severe risk
2023

18.1

Low risk
2022

D

Climate Change

C

Water Security
2023

B

Climate Change

B

Water Security
2020

19th percentile

2023

67th percentile

2020

35%

2023

95%

Disclaimer Statement

The use by TAQA of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI Logos, Trademarks, Service Marks or Index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of TAQA by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are Trademarks or Service Marks of MSCI.

Copyright© 2023 Morningstar Sustainalytics. All rights reserved. This report contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/ or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers

Supporting the UN Sustainable Development Goals

At TAQA, we are supportive of all the UNDSGs, and we align our programmes and initiatives with the UNSDG goals most relevant to the energy and utilities sector, in which our operations fall. The UNSDGs were leveraged in the development of the TAQA ESG Strategy and associated ESG ambitions. We are committed to playing our part in narrowing the gap towards achieving the UNSDGs.

As a signatory to the United Nations Global Compact (UNGC), TAQA completes an annual Communication on Progress (COP) submission, demonstrating our progress in working towards the Ten Principles of the UNGC, in the areas of human rights, labour, environment and anti-corruption.

Abu Dhabi National Energy Company PJSC (TAQA) | UN Global Compact

ESG Profile


The statements and outcomes produced by the search-based engine 'ESGWorld' cannot be interpreted as TAQA’s official responses to inquiries from stakeholders, including sustainability standards bodies, ratings agencies, or asset managers' criteria. The content on this page is generated based on outcomes from the search engine, facilitated by Churchgate Partners.

Sustainability Reports

Sustainable Finance

Our Impact

We strive to provide value to stakeholders and communities around the world.

We pride ourselves in being active participants in the communities in which we operate. Our core focus areas include women’s empowerment, education, health and environment.
Community
Engagement
We are committed to understanding our environmental impact, creating sustainable solutions and mitigating our environmental footprint.
Environment
The health and safety of our workforce is our number one priority. We have created a robust framework to manage key risks and to prevent incidents.
Health & Safety

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