TAQA Launches First Sustainable Development Report
- Business & Finance
TAQA, the global energy company based in Abu Dhabi, has released its first annual sustainable development report. The report outlines TAQA’s approach and performance in 2012 as well as goals for workplace health and safety, staff development, environmental protection, community relations and industry partnerships.
The report, entitled “Our contribution to sustainable development – Report 2012”, reinforces TAQA’s commitment to creating value for the long-term future while acting responsibly, protecting its employees, being active in the community, minimising the impact on the environment and remaining the partner of choice in its chosen markets through trusting relationships with business and governmental partners.
His Excellency Abdulla Saif Al-Nuaimi, TAQA’s Vice-Chairman, said: “It gives me great pleasure to see TAQA integrate these key sustainability drivers into the organisation’s strategy and at the same time supporting sustainable development reporting in Abu Dhabi. This report is crucial to achieving TAQA’s long-term goals through its support of the Abu Dhabi Economic Vision 2030. TAQA is Abu Dhabi’s premier international energy and water operator, a position which it has attained by being an excellent neighbour and always striving for excellence.”
Carl Sheldon, TAQA’s Chief Executive Officer, said: “At TAQA, safety and sustainability are two of our core values and are at the forefront of how we do business. Energy is the lifeblood of any developing economy and by delivering it safely and securely to millions of people worldwide TAQA improves quality of life. We welcome our stakeholders’ feedback in assisting TAQA in becoming a regional forerunner in sustainable development reporting.”
Key highlights of the report for the 2012 financial year include:
– Surpassing recordable injury rate safety targets across TAQA’s global operations
– Establishing the Energy Solutions division to develop alternative and technology-fuelled initiatives
– Developing the UAE’s first municipal waste-fired power plant in Abu Dhabi which will reduce more than 1 million tonnes of carbon dioxide emissions per year
– A reduction in reportable spills across global operations by almost one-third on the previous year
– Adding 50% more capacity to TAQA’s gas-fired power plant in Ghana without the need for additional fuel
The report also includes an interview with Dr Saif Al Sayari, Head of Energy Solutions Division business stream and Chairman of the TAQA Sustainable Development Committee, on the company’s role in developing solutions to meet growing demand for energy.
The report was produced with reference to several internationally-recognised reporting frameworks and with the support of the Abu Dhabi Sustainability Group which promotes sustainability management in Abu Dhabi.
Press Release, July 08, 2013