Saudi Electricity Company Achieves 30% Increase in 2025 Sustainability Rating Compared to 2024, According to S&P
RIYADH, SA / ACCESS Newswire / July 27, 2025 / The Saudi Electricity Company (SEC) has achieved a significant milestone in its Environmental, Social, and Governance (ESG) performance, as evaluated by S&P Global. The company scored 65 out of 100, marking a 30% increase compared to its 2024 score, and an 85% improvement over its 2023 rating. This accomplishment highlights SEC's strategic progress and reinforces its position as a regional leader and a benchmark for sustainable excellence in the energy sector. Notably, SEC's score exceeds the global utilities sector average of 39 points by 66%, demonstrating its strong commitment to sustainable development. The rating reflects SEC's comprehensive institutional commitment to sustainability, driven by effective governance frameworks, ambitious strategies, and tangible improvements in environmental and social performance. SEC also showcased proactive disclosure aligned with leading international sustainability reporting standards. This progress further underscores SEC's alignment with Saudi Vision 2030, particularly in advancing sustainable energy, enhancing transparency, strengthening investor confidence, and adopting global ESG best practices. SEC reaffirmed its commitment to continuously improving its ESG performance by deeply embedding sustainability across all operations, positioning itself as a trusted and responsible energy provider both regionally and globally.
Contact InformationSaudi Electricity Company (SEC) Media Relations Department Unified Call Center: 920000222
SOURCE: شركة صانعي الخيال للدعاية والإعلان
press release
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Entrepreneur
28 minutes ago
- Entrepreneur
UAE Opens Golden Visa Path to Investors Without Sponsorship
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. In a significant move to attract global talent and long-term investment, the United Arab Emirates has simplified the process for investors to obtain the coveted Golden Visa—now available without the need for a local sponsor. The announcement, made by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), outlines a streamlined, eight-step application procedure aimed at facilitating business and economic growth. Previously, the 10-year Golden Residency Visa often required backing by a company or government entity. Under the new system, investors and business owners can apply independently, making the UAE even more attractive to international entrepreneurs and high-net-worth individuals seeking stability, access to regional markets, and tax advantages. Applicants must provide proof of a minimum AED 2 million investment in the country through real estate, business capital, or public projects. They are also required to submit supporting documents, such as audited financial statements and proof of income, alongside a valid passport. The revised pathway is part of the UAE's broader efforts to diversify its economy and strengthen its position as a global business hub. By removing barriers to long-term residency, authorities hope to retain top talent, boost local investment, and encourage innovation in sectors like technology, finance, and renewable energy. Since its inception in 2019, the Golden Visa has been a cornerstone of the UAE's residency reform strategy. Expanding eligibility and easing procedural constraints signals a deeper commitment to economic openness and global competitiveness. Investors can initiate their application online through the ICP portal, with most approvals expected within a few weeks, pending background and security checks. With this policy shift, the UAE reinforces its image not just as a transit economy—but as a destination for long-term investment and high-impact entrepreneurship.


Bloomberg
29 minutes ago
- Bloomberg
Hedge Funds, Wealth Firms Fuel Dubai Finance Hub's Record Growth
Dubai's financial hub reported a record increase in company registrations in the first half of the year, as the influx of hedge funds and wealth management firms continued despite geopolitical tensions and tariff uncertainty. The Dubai International Financial Centre reported a 32% increase in registrations in the first six months of 2025 compared to the same period last year, with 1,081 new companies setting up in the hub, according to a statement on Monday. The DIFC is now home to 7,700 active registered companies.
Yahoo
an hour ago
- Yahoo
VAALCO Schedules Second Quarter 2025 Earnings Release and Conference Call
HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ('Vaalco' or the 'Company') today announced the timing of its second quarter 2025 earnings release and conference call. The Company will issue its second quarter 2025 earnings release on Thursday, August 7, 2025 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Friday morning, August 8, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-free by dialing 08082389064. Other international parties may dial (412) 317-5741. Participants should ask to be joined to the 'Vaalco Energy Earnings Conference Call.' This call will also be webcast on VAALCO's website at An audio replay will be available on the Company's website following the call. About Vaalco Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria and Canada. For Further Information Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422 Website: Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422 Al Petrie / Chris Delange Buchanan (UK Financial PR) +44 (0) 207 466 5000 Ben Romney / Barry Archer Vaalco@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data