ALTIOS
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on various sectors (Aviation, Textile, Chemicals, Luxury, Personal Construction, Automotive, Travel & HORECA, Retail Services, Real Estate, Hospitality, Logistics, Utilities, Traditional media, Pharmaceuticals, IT Services, Entertainment, Digital Telecom and Digital, Digital payment, Food, E-retail & Healthcare, Education services, Internet providers, media Portals, Home deliveries), leading to economic slowdown, low export demand, pay cuts, low investor and consumer confidence, and changing consumer behavior.
- Supply chain disruptions impacting the Food & Beverage industry, particularly animal-based products and packaging materials.
- Decreased demand in the Renewable Energy sector due to declining oil demand and project delays.
- Budget cuts and contract renegotiations impacting the ICT industry.
- Reduced healthcare services due to lockdowns and fear of infection.
- Challenges in the Construction & Real Estate sector due to labor shortages, supply chain disruptions, and decreased investment.
Mitigation Strategies
- Government stimulus packages in various GCC countries to support businesses and the economy.
- Shift to local production in the Food & Beverage industry.
- Investments in energy storage, digitalization, and automation in the Renewable Energy sector.
- Focus on digital transformation and remote work solutions in the ICT industry.
- Growth of online health services and virtual care solutions in the Healthcare industry.
- Adoption of standardized contracts and improved off-site software capabilities in the Construction industry.
- Investments in digital sales and leasing processes in the Real Estate sector.