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Al Masaood Commits to Climate-Responsible Companies Pledge to Tackle Climate Change

Al Masaood Commits to Climate-Responsible Companies Pledge to Tackle Climate Change

Monday, 16 October 2023

Al Masaood Group, one of Abu Dhabi’s leading business conglomerates, today signed the "Climate-Responsible Companies Pledge" from the National Dialogue on Climate Ambition (NDCA) at an exclusive event. The company joined other environmentally responsible private sector companies in the UAE to support the Paris Agreement's goals and work towards limiting global warming to well below 2°C, preferably 1.5°C, compared to pre-industrial levels.

The signing of the 'Climate-Responsible Companies Pledge' marks a critical step in Al Masaood's sustainability journey and aligns with the company's ongoing efforts to combat climate change. As part of the pledge, Al Masaood will measure and report its greenhouse gas (GHG) emissions while developing ambitious plans to reduce its carbon footprint in line with national sectoral climate targets. Additionally, the company will actively engage with stakeholders including suppliers, partners, and consumers and encourage them to participate in climate action, working towards the goal of reaching a net-zero UAE by 2050.

HE Masaood Ahmed Al Masaood, Chairman at Al Masaood said: "Sustainability is deeply ingrained in Al Masaood’s core values. We believe that collective action and partnerships are essential in tackling the global climate crisis. By signing the 'Climate-Responsible Companies Pledge', we are taking a strong stand against climate change and demonstrating our commitment to a greener and more sustainable future. As we participate in the National Dialogue on Climate Ambition, we are excited to contribute to the UAE's net-zero targets and work together towards a carbon-neutral future."

The National Dialogue on Climate Ambition is a crucial initiative by the UAE government to enhance climate change ambition and foster stakeholder and sectoral participation in meeting climate targets. Through the NDCA, Al Masaood aims to actively engage in defining and raising sectoral climate ambition, supporting the UAE's net zero emissions target, and contributing to the development of a robust climate change strategy. The company intends to develop inclusive approaches that involve the participation of women, youth, and vulnerable population segments in the creation of its net-zero plans.