Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Management
• Carbon Management
• Sustainability

Environmental Achievements

• Some operators reduced energy consumption due to parent company pressure and cost reduction initiatives. One regional best player achieved operational efficiency through energy efficiency with a cost-efficient expansion solution (solar base transceiver stations).

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Most MENA telecom operators view carbon management as a cost center, not a strategic activity. Lack of integration of energy and carbon management into organizational structures and processes. Absence of a developed regulatory framework for carbon emissions in MENA. Significant disparity in energy consumption and CO2 emissions per customer among operators.

Mitigation Strategies

• Recommendations for improvement include developing a green culture, integrating sustainability into marketing and branding, engaging with stakeholders, and prioritizing actions based on business value. Cost savings can be realized through technology improvements, facilities improvements, and innovative business models.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes

Opportunities

• Cost savings, revenue generation from green products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Limited green products offered by some operators.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental

Climate Goals & Targets

Environmental Challenges

• Rising environmental concerns (CO2 emissions, noise pollution) that could constrain growth and limit air transport.
• Cybersecurity threats and the need for robust connectivity to support lean processes and automation.

Mitigation Strategies

• Innovation across the industry to meet environmental challenges (though limited effect by 2035 due to existing aircraft technology).
• Implementation of cybersecurity and connectivity solutions to enable Aviation 4.0 operating model.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Environmental Regulations

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability
• Green Energy Investments

Environmental Achievements

• Increased renewable energy share in electricity generation (three-quarters of new investment in 2019)
• Significant decrease in fossil fuel demand for electricity in 2019
• Renewables accounted for 90 percent of new generating capacity in 2020

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Stranded hydrocarbon assets and falling shareholder valuations in the oil & gas sector
• Intermittent power from renewables putting downward pressure on pricing
• Technological, infrastructural and legislative challenges in developing green hydrogen infrastructure

Mitigation Strategies

• Oil & gas companies reallocating capital investment into greener fields, including hydrogen
• Investing in a portfolio of activities and revenues to make the overall business case attractive for new technologies
• Developing diversified portfolios of investments, including mature and emerging technologies
• Utilizing battery storage, demand-side management, and interconnections to improve profitability of renewable investments
• Leveraging partnerships and M&A to access new technologies and markets
• Adopting Energy-as-a-Service (EaaS) models to manage energy efficiency investments

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Falling oil prices, stranded assets

Opportunities

• Investments in renewable energy, hydrogen, and CCS

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Floating solar and wind, green hydrogen, battery storage, electric vehicle charging infrastructure

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Lack of well-defined ESG strategies in many banks.
• Lack of clarity on what constitutes 'sustainable' products.
• Potential for greenwashing.
• Uncertainty about whether corporate clients will pay for ESG services.
• Insufficient disclosure about transition strategies and GHG emissions.
• Disparity in ESG ratings among providers.
• Persistent gaps in climate-related data.

Mitigation Strategies

• Developing clear ESG strategies and integrating them into incentive schemes.
• Establishing transparent communication and reliable data.
• Creating a clear value proposition for ESG services.
• Improving data disclosure on transition strategies and GHG emissions.
• Developing standardized methodologies and approaches for ESG ratings.
• Improving access to and quality of climate-related data.
• Implementing policy interventions for global disclosure standards and a common taxonomy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• ESG-oriented selection of suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Decreased valuations of fossil fuels
• Increased funding costs for polluting companies

Opportunities

• Growth in green and sustainable finance
• Lower funding costs
• Reduced risk exposure
• Increased brand equity

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green accounts
• Green bonds
• Sustainability-linked loans
• ESG-linked interest rate swaps
• ESG overdrafts

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Governance

Environmental Achievements

• 45 of the 50 largest companies in the S&P 500 Index now report their carbon disclosures to the CDP (formerly the Carbon Disclosure Project) and 31 have committed to achieving net-zero carbon emissions.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Sustainability strategy not understood by employees in 71% of companies.
• Poor communication of sustainability strategies.
• Lack of incentives linked to sustainability performance (65% of companies don't link management incentives to sustainability).
• Failure to change business models to incorporate sustainability (only 8% have changed their business model).
• Lack of balance between short- and long-term sustainability plans.
• Insufficient detail and scope in long-term sustainability planning.
• Failure to set challenging goals for GHG and carbon emissions reduction (43% haven't set a strategy).
• Lack of collaboration with wider ecosystems for sustainability.
• Slow progress on embracing the circular economy.
• Wide range of governance approaches hampers control.
• Inability to track performance with the right tools (43% lack confidence in tracking, 47% find existing tools too labor-intensive).
• Sustainability performance reporting lacks the rigor of financial reporting.

Mitigation Strategies

• Adopt an ecosystem approach.
• Integrate sustainability indicators, reporting, and tools.
• Redefine culture and build new capabilities.
• Focus on innovation and technology.
• Include sustainability in company purpose, vision, or North Star.
• Measure a few key sustainability metrics.
• Create a sustainability innovation fund.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Health, Safety, and Environment
• Digital Transformation

Environmental Achievements

• Reduced energy consumption by 21% and greenhouse gas emissions (scope 1) by nearly 54% since 1990, while the production index increased by 49%.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Data availability, interoperability, standardization, cybersecurity, technology readiness, limited resources, increased costs, implementation time, change management, IP protection, competitiveness, prioritization.
• Attracting digital talent

Mitigation Strategies

• Adopting an industry ecosystem perspective, driving digital innovation and targeted investment, working actively with EU institutions, establishing common data and technology standards, exploring new business models, training and attracting digital talents, demonstrating best practices, engaging more actively on policy and regulation.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Impact of Seabed Mining
• Sustainable Resource Management
• Equitable Resource Distribution

Climate Goals & Targets

Environmental Challenges

• Potential environmental impact of seabed mining on deep-sea ecosystems (e.g., sediment plumes, habitat disruption, release of toxic substances)
• Balancing economic gains with environmental protection
• Technological challenges in deep-sea mining (e.g., cost of equipment, durability under high pressure)
• Need for a robust regulatory framework to ensure responsible and sustainable practices

Mitigation Strategies

• Development of advanced technologies for seabed mining (e.g., AUVs, ROVs, SMVs, pipeline lifting systems)
• Implementation of environmental management strategies (e.g., sediment containment systems, precise extraction techniques)
• International collaboration and stakeholder engagement (e.g., ISA, UNCLOS)
• Development of industry standards and guidelines for environmental stewardship
• Contribution to a fund supporting marine scientific research and capacity-building initiatives

Supply Chain Management

Climate-Related Risks & Opportunities