Climate Change Data

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Sustainable Development
• Climate Change Mitigation
• Clean Technology
• Human Capital Development

Environmental Achievements

• Supplying 120MW of solar energy to Spain
• Developing the 100MW Shams 1 concentrated solar power (CSP) plant (largest single-unit CSP plant in the world)
• Developing the 870 MW London Array offshore wind farm (largest offshore wind farm in the world)
• Developing numerous other renewable energy projects globally, ranging from large-scale projects to smaller off-grid solutions

Social Achievements

• Contributing to Abu Dhabi Economic Vision 2030 by investing in human capital development, conducting research and stimulating innovation, expanding the energy and technology export base, diversifying domestic supply of energy, attracting inward investment, and encouraging private-sector entrepreneurship
• Establishing Masdar Institute of Science and Technology, a graduate-level university focused on renewable energy and sustainable technologies
• Hosting Abu Dhabi Sustainability Week (ADSW), a global platform addressing sustainable development and renewable energy
• Launching the Zayed Future Energy Prize, an annual award recognizing achievements in renewable energy and sustainability

Governance Achievements

• Operating as a commercially driven renewable energy company with a holistic approach integrating education, R&D, investment, and sustainable living
• Attracting third-party capital into the UAE from abroad and managing funds out of Masdar City
• Joint ventures with international partners (e.g., Siemens, Deutsche Bank, DONG Energy, E.ON, Abengoa Solar, Total)

Climate Goals & Targets

Environmental Challenges

• The scale and complexity of the global energy transition
• Balancing hydrocarbon production with renewable energy development

Mitigation Strategies

• Taking a holistic approach to renewable energy and sustainable technologies across the entire value chain (education, R&D, investment, commercialization, deployment)
• Focusing on commercially viable clean technologies
• Grounding decision-making in feasibility and reality

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development and deployment of renewable energy technologies

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 13 (Climate Action)

Masdar's initiatives contribute to these goals through the development and deployment of renewable energy technologies and sustainable solutions.

Environmental Metrics

ESG Focus Areas

• Waste management
• Renewable energy
• Environmental remediation
• Governance

Environmental Achievements

• Reduced amiante stock by 1630 tons (96% of the objective) at Inertam plant after restart in July 2020.
• Implementation of new technical means to lower the level of Inertam plant emissions.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Industrial risks related to wear and tear of equipment at Inertam and CHO Morcenx plants.
• Supply chain disruptions due to the Covid-19 pandemic.
• Lack of complete plant plans at Inertam.
• Financial risks related to debt restructuring and potential dilution for shareholders.
• Environmental risks related to potential pollution or damage.
• Commercial risks related to stock management and development of new activities.
• Human resources risks related to social conflicts and skills shortages.
• IT risks related to data security and preservation.
• Innovation risks related to the sustainability of know-how and confidentiality of information.
• Legal risks related to obtaining and maintaining permits and authorizations, as well as regulatory changes.
• Risks related to the Covid-19 pandemic, including decreased sales, reduced production capacity, and difficulties in debt recovery.

Mitigation Strategies

• Investment of over 6 million euros in Inertam plant modernization and optimization.
• Implementation of a business continuity plan during the Covid-19 pandemic.
• Implementation of a double sourcing strategy for critical components and services.
• Regular evaluation of suppliers.
• Debt restructuring of CHO Morcenx, reducing group debt by 21 million euros.
• Implementation of measures to ensure the health and safety of employees and subcontractors.
• Regular monitoring of environmental impact and compliance with regulations.
• Insurance coverage for various risks, including civil liability and environmental damage.
• Implementation of a client recovery procedure.
• Development of new activities, including CSR preparation and photovoltaic power plant installation.
• Strengthening of internal control and risk management procedures.
• Regular review of the application of criteria for selecting external consultants and lawyers.

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: ISO

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

• Decarbonation
• Waste Treatment
• Circular Economy

Environmental Achievements

• Reduced carbon footprint through the partial dismantling of the CHO Morcenx site and installation of a photovoltaic power plant.
• Developed a process to recycle aluminum waste into high-value alumina, reducing the need for primary aluminum production and associated pollution.
• Developed an activity for the preparation of Solid Recovered Fuels (SRF) for third parties, substituting fossil fuels and reducing their carbon footprint.

Social Achievements

• Maintained employment at the CHO Morcenx site by developing the SRF activity.
• Secured over 20 jobs through the acquisition of Tarbes Industry.
• Implemented actions to maintain business continuity during the COVID-19 pandemic, including prevention measures, flexible work arrangements, and close monitoring of supplier relationships.

Governance Achievements

• Implemented a plan to address financial challenges, including securing financing through the issuance of bonds and seeking public support.

Climate Goals & Targets

Environmental Challenges

• Global crisis related to the COVID-19 pandemic impacting activity and financing.
• High energy prices impacting the cost of waste treatment.
• Quality defect at Les Forges de Tarbes requiring investments and investigations.

Mitigation Strategies

• Implemented actions to maintain business continuity during the COVID-19 pandemic.
• Anticipated planned maintenance to take advantage of lower energy prices.
• Invested in equipment for quality control and launched an investigation into the origin of the quality defect at Les Forges de Tarbes.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: PricewaterhouseCoopers Audit and Deixis

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)

Initiatives contribute to these goals through renewable energy adoption, sustainable industrial processes, and waste reduction and recycling.

Sustainable Products & Innovation

• Aluminum waste recycling process; SRF production.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Reduction
• Circular Economy
• Renewable Energy

Environmental Achievements

• Reduced greenhouse gas emissions through the use of Solid Recovered Fuel (CSR)
• Reduced landfill waste by using waste for energy production
• Increased national energy independence

Social Achievements

• Creation of local jobs

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: ISO 14001, MASE, Weeelabex

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

• Circular Economy
• Decarbonization
• Waste Management
• Sustainable Innovation

Environmental Achievements

• Developed a unique recycling process for aluminum waste, converting it into high-purity alumina.
• Treated 1,434 tons of asbestos waste (though less than in 2022).

Social Achievements

• Preservation of nearly 60% of MG-Valdunes workforce (178 jobs) during acquisition.
• Signed several international partnerships for asbestos waste treatment (Italy, Algeria, Ivory Coast).

Governance Achievements

• Implemented a financing plan involving convertible bonds and free allocation of share subscription warrants (OCEANE-BSA).

Climate Goals & Targets

Environmental Challenges

• Geopolitical instability and macroeconomic uncertainty impacting energy and gas supplies.
• Financial difficulties of subsidiaries requiring financial support and leading to write-downs.
• Delays in the construction of a new factory in Cébazat due to rising raw material and energy prices.

Mitigation Strategies

• Implemented a sobriety plan to reduce energy consumption.
• Secured financing through convertible bonds and government support.
• Restructured debt and implemented cost-cutting measures in subsidiaries.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: French accounting rules and principles (PCG)

Third-party Assurance: PricewaterhouseCoopers Audit and Deixis

Sustainable Products & Innovation

• High-purity alumina from aluminum waste recycling