Beyon Group
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Action
- Community Investment
- Employee Well-being
- Cybersecurity
- Digital Inclusion
- Sustainable Development Goals
Environmental Achievements
- Expansion of Solar Park, reducing carbon footprint by 1,141 tonnes annually
- Introduction of mobile enclosures at several sites to eliminate the need for air conditioning units
- Water saving programmes at the Company’s Headquarters, leading to significant reduction in water and energy consumption and carbon footprint
- Winner in the Climate Action Excellence category of the Global Telecom Awards
Social Achievements
- Recognised as a great workplace by Great Place to Work® Institute Middle East for the third consecutive year
- Annual partnership with the American University of Bahrain to sponsor university education for Bahraini students
- Partnership with Brinc to support youth entrepreneurship
- Active participation with Injaz Bahrain
- Collaboration with Bahrain Triathlon Association and Bahrain International Circuit to support health and well-being programmes
Governance Achievements
- Compliance with the provisions of the Corporate Governance Code 2018
- Implementation of Key Persons’ Dealing Policy
- Development of Code of Conduct and Ethics policy and whistle blowing policy
- Rigorous procedures for the appointment of new directors
- Annual performance evaluation of the Board, Board Committees, and individual directors
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2060 (BNET)
Medium-term Goals:
- BNET aims to cover Bahrain completely by 95% of the housing units by 2026
Short-term Goals:
- Add more Digital Shops during 2023
- Run another huge raffle campaign in 2023
Environmental Challenges
- Operating in a challenging environment due to political instability in Yemen (Sabafon)
- Cybersecurity threats
Mitigation Strategies
- Acquisition of a majority stake in DTS Solution (Beyon Cyber) to expand cybersecurity offerings
- Agreement with the Government of Maldives to strengthen the Island’s cyber security (Dhiraagu and Beyon Cyber)
- Continuous monitoring of the global minimum tax legislation
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 22301:2019 (BNET), PCI DSS 3.2.1 (Batelco)
Third-party Assurance: KPMG Fakhro
UN Sustainable Development Goals
- SDG 3 (Good Health and Wellbeing)
- SDG 5 (Gender Equality)
- SDG 8 (Decent Work and Economic Growth)
- SDG 9 (Industry, Innovation and Infrastructure)
- SDG 13 (Climate Action)
- SDG 14 (Life Below Water)
Sustainable Products & Innovation
- OneBox (digital postbox)
- OneID (Qualified Electronic Signature service)
Awards & Recognition
- Climate Action Excellence (Global Telecom Awards)
- Exceptional Products and Services Achievement (MEA Business Awards)
- MEA Technology Achievement Award (Outstanding Sector Leadership and Growth)
- MSSP Partner of the Year (Umniah)
- Growth Partner of the Year (Umniah)
- President’s Tourism Gold Award (Dhiraagu)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:37,656.04 tCO2e (Batelco only)
Scope 1 Emissions:169.92 tCO2e (Batelco only)
Scope 2 Emissions:37,486.11 tCO2e (Batelco only)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:73,464,935 kWh
Water Consumption:51,291 m3
Waste Generated:103,547 kg non-hazardous, 5,692 kg hazardous
Carbon Intensity:Not disclosed
ESG Focus Areas
- Carbon reduction
- Digitalization
- Prosperous community
- Transparency
Environmental Achievements
- Completed phase 2 of solar park in Bahrain, reducing carbon footprint by around 2,000 tonnes annually.
- Umniah increased reliance on clean energy to 45% of total power consumption.
- Dhiraagu invested in a 1.1 MWp PV Solar system, with 14% of power consumption from renewable energy.
Social Achievements
- Achieved 75% employee engagement score and 72% employee satisfaction score.
- Recruited 179 new female employees (37% of all new recruits).
- Launched inaugural Beyon Executive Programme in collaboration with Strathclyde University.
- Ranked 15th in the top 70 large enterprises on the 2023 Best Workplaces in Asia List.
Governance Achievements
- Operates a robust Code of Conduct, Whistle-blowing Policy, and Fraud Risk Management Policy.
- Conducts regular risk assessments to identify and mitigate risks to the business.
- Achieved net profit of BD72.0M (2% increase compared to 2022) and revenue increase of 5% to BD424.9M.
Climate Goals & Targets
Long-term Goals:
- Align emission reduction efforts with Bahrain’s net-zero vision for 2060.
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Strict procurement policy mandating supplier screening.
- Agreements covering intellectual property, confidentiality, conflict resolution, and compliance with laws.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Bahrain Bourse ESG Reporting Guidance, GRI Standards, UN SDGs, Bahrain Vision 2030
Certifications: ISO 27001, ISO 31000, ISO 22301, ISO 45001 (Umniah)
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3
- SDG 5
- SDG 8
- SDG 9
- SDG 10
- SDG 11
- SDG 13
- SDG 16
- SDG 17
Beyon aligns its business practices with these SDGs through various initiatives detailed in the report.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- MEA Business Technology Achievement Award for energy saving initiatives.