To establish itself as a responsible, long-term, affordable energy provider
Mubadala Petroleum: 25% reduction in gas emissions within 3 years
Mubadala Petroleum, today, published its annual Sustainability Report for 2020, detailing the company's approach, and its impact on environmental, social and governance standards across its asset portfolio.
The company has recorded a 25% decrease in greenhouse gas emissions over the past three years, as a result of its strategy to establish itself as a responsible, long-term and affordable energy provider, and this comes as part of Mubadala Petroleum's continuous efforts to keep pace with the ambitions and aspirations of the UAE. in dealing with critical issues related to climate change.
The report also presents Mubadala Petroleum's sustainability framework, detailing how the company's values shape its focus on three interconnected areas: a passion for building people, a commitment to positive environmental impact, value creation and the financial resilience of the owner, Mubadala Investment Company.
Mansour Mohamed Al Hamed, CEO of Mubadala Petroleum, said: “The concept of sustainability is a cornerstone of Mubadala Petroleum’s approach, which was demonstrated when the world faced unprecedented challenges in 2020, as a result of the repercussions of the (Covid-19) pandemic, where our values and focus played Institutional focus on sustainability plays a critical role in enhancing our resilience and ability to deal with challenges, and the report highlights the significant progress we are making in key focus areas, such as emissions and reducing our environmental footprint, while supporting energy transition efforts towards a low-carbon future, by maintaining an asset portfolio that relies on In addition, we will maintain our commitment to making a positive impact in our societies, continue to run our business responsibly, and enhance our priorities to maintain the highest performance in the level of health and safety, based on our belief that commitment to sustainability remains a pivotal factor for the future of our business. ».
The report indicated that the company recorded more than 5.7 million working hours, without recording any work-related injuries, and “zero” deaths since the company’s establishment, driven by the company’s firm commitment to maintain a safe work environment, noting that 62% of the asset portfolio, Composed of gas as part of the commitment to support the energy transition to a low carbon future.
He pointed out that the company recorded "zero" oil spill accidents, in excess of one barrel, through a strict approach to operations focused on preventing unsafe and unsustainable activities.
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