Climate Change Data

Hub71

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Innovation
  • Community Development
  • Economic Growth
  • Sustainability
  • Talent Development

Environmental Achievements

  • Launched Hub71+ ClimateTech to support startups developing sustainable decarbonization technologies; partnered with Masdar City to promote CleanTech and ClimateTech startups; ADNOC Decarbonization Challenge awarded $1 million to a ClimateTech startup.

Social Achievements

  • Onboarded 52 female founders; 1147 jobs created; 129 Golden Visas issued to founders and their families; numerous partnerships with universities and organizations to foster talent development; various community engagement activities including events, mentorship programs, and workshops.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Global tech talent shortage; global decline in Series A valuations.
Mitigation Strategies
  • Strategic initiatives to attract and nurture the next generation of tech talent; partnerships with universities and organizations; incentive packages to attract angel investors and promote the creation of Special Purpose Vehicles (SPVs); Fundraising Roadshow to connect startups with investors.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Growth of ClimateTech sector

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

  • Ecosystem Enabler of the Year at Leaders in Fintech Awards 2023