ADNOC Gas makes rapid strides in its sustainability journey
A. SREENIVASA REDDY (ABU DHABI)ADNOC Gas has made seminal progress in its sustainability journey in 2024, listing several key achievements across the Environment, Social and Governance (ESG) pillars in its latest Sustainability Report released on Wednesday.Chief Executive Officer, Fatema Mohamed Al Nuaimi, said the company strives to be among the lowest carbon gas producers by embedding ESG principles into planning, operations and targets. 'Sustainability has been central to our mission, as evident in the recent transformation of our energy mix to include more clean grid power usage in our operations,' she stated.'We continue to champion diversity and inclusion, welcoming employees from over 60 different countries. Focusing on developing local talent, last year we exceeded our Emiratisation goal. To help our people unlock their full potential and accelerate their growth, we delivered approximately 155,550 hours of training to more than 5,120 employees,' she added.She further noted, 'As we grow, we will continue to drive the UAE's economic development and diversification. In 2024, we supported the local economy with over $1.24 billion worth of investments. Our low-carbon gas supports the UAE's energy needs, creates jobs, empowers communities, and supplies electricity to homes, schools, and hospitals. We also prioritise sourcing local goods and services.'Among its environmental milestones, ADNOC Gas achieved a 2.31% reduction in greenhouse gas (GHG) emissions intensity and met approximately 50% of its power requirements through clean energy sources. The Habshan Carbon Capture, Utilisation and Storage (CCUS) project — recognised by Forbes Middle East as the most sustainable project in the region — helped cut GHG emissions across the value chain. The company also advanced the Ruwais LNG project, the first LNG export facility in the MENA region, planned to operate on clean power.The firm diverted 47% of hazardous waste from landfills and implemented Loop 20 Proof of Concept (PoC), a technology that captures CO₂ emissions by up to 30% and converts them into low-cost, high-value graphene. Methane emissions were reduced by approximately 25% compared to the previous year.On the social front, ADNOC Gas achieved a Total Recordable Injury Rate of 0.05 with zero fatalities. In addition to delivering 155,550 hours of training to over 80% of its workforce, the company engaged more than 1,500 construction site workers through HSE awareness initiatives, hired 185 new employees — a 24% year-on-year increase—and welcomed 141 university students into its internship programme.Dr Aasah Ali Hashem, Vice President of Sustainability and ESG, reaffirmed the company's commitment to resilience and excellence. 'Committed to zero operational disruptions, we leveraged cutting-edge technologies and artificial intelligence, achieving ISO 42001 AI certification, to work smarter and safer,' she said. 'Together with our stakeholders, we are shaping a future where sustainable energy solutions benefit the generations of tomorrow.'In terms of governance, ADNOC Gas established a new Sustainability Policy and reported zero cases of discrimination. It also received the ISO 42001:2023 certification for its Artificial Intelligence Management System, underscoring its proactive approach to innovation and sustainability.Financially, the company posted a 7% year-on-year increase in adjusted revenues to $24.43 billion, while adjusted net income rose by 13% to $5 billion. It declared a dividend of $3.412 billion for the full year. Operationally, ADNOC Gas celebrated the successful delivery of 9,000 loads of LPG and paraffinic naphtha, achieved 59% In-Country Value (ICV) to bolster local development, and signed a 10-year LNG supply agreement with GAIL India Limited for up to 0.52 million metric tonnes per annum. The company was ranked 12th in the Forbes Middle East Top 100 companies in the MENA region.
ADNOC Gas's ESG strategy supports the UAE's Net Zero by 2050 initiative and ADNOC Group's 2045 target. Its actions are aligned with 11 of the United Nations' Sustainable Development Goals.
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