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Al Etihad
2 days ago
- Business
- Al Etihad
ADNOC Distribution burnishes its ESG credentials
10 June 2025 17:31 A. SREENIVASA REDDY (ABU DHABI) ADNOC Distribution has demonstrated significant strides in its Environmental, Social, and Governance (ESG) agenda throughout 2024, as outlined in its comprehensive annual ESG report submitted to the Abu Dhabi Securities Exchange (ADX). This report not only highlights the company's progress but also underscores its commitment to sustainability as a fundamental aspect of its long-term strategy, signalling an ambition to lead the energy sector's transition towards a lower-carbon future. The year 2024 was marked by a series of tangible achievements across its six sustainability pillars, reflecting a dedication to transparency and stakeholder the realm of Climate, Emissions, & Energy, ADNOC Distribution achieved notable success with 100% of its UAE fleet operating on biofuels, leading to a substantial annual emissions reduction. All energy supplied for electric vehicle (EV) chargers is now derived from clean and renewables-based sources, with significant solar photovoltaic energy (5,083 MWh PV) generated from service station rooftops in Abu Dhabi and Dubai. The company also expanded its EV charging network to 220 fast and super-fast chargers and launched the second phase of its H₂GO pilot green hydrogen refuelling station. For the Local Environment, initiatives included planting over 25,000 mangrove seeds and collecting more than 5.8 million bottles through Reverse Vending Machines, alongside recording zero negative impacts on biodiversity and consistently conducting HSE impact company's Economic and Social Contribution saw it achieve a 71.4% In-Country Value contribution, alongside reporting its highest EBITDA since IPO at Dh3.86 billion and revenues of Dh35.45 billion. Investment in CSR initiatives was substantial, and the expansion of retail fuel infrastructure continued. Significant progress was made in Workforce Diversity and Development, with ADNOC Distribution employing a diverse workforce of 77 nationalities and increasing women's representation across various management and STEM roles. The Emiratisation rate surpassed 62%, and extensive training, wellbeing initiatives, and ESG awareness programmes were delivered to employees. Under Health, Safety, & Security, the company maintained an impressive safety record with zero fatalities and high-consequence work-related injuries, implementing fatigue management systems and conducting numerous HSE audits. Lastly, in Business Sustainability, an ESG Subcommittee was established at the Board level to embed sustainability into strategic decision-making. The company also secured ISO 22241 certification for ADNOC Blue, successfully met KPIs under its sustainability-linked loan, and enhanced its ESG ratings, leading to inclusion in prestigious ESG-linked company's leadership emphasised the strategic significance of these accomplishments. Eng. Bader Saeed Al Lamki, Chief Executive Officer, ADNOC Distribution, expressed his pride in the "remarkable strides ADNOC Distribution has made in our ongoing commitment to sustainability, innovation, and responsible growth." He specifically highlighted the expansion of the EV charging network, which quadrupled its reach, stating: "This expansion supports the UAE's transition to cleaner energy and makes sustainable mobility more accessible than ever." Paula Disberry, Chairwoman of the ESG Subcommittee, ADNOC Distribution, articulated her belief that "sustainability is not just a responsibility—it is an opportunity to drive long-term value for our stakeholders." She underscored that 2024 was "a pivotal year for ADNOC Distribution's ESG agenda,' marked by the establishment of the ESG Subcommittee to integrate risks, opportunities, and stakeholder expectations into business strategies. Athmane Benzerroug, Chief Strategy, Transformation, and Sustainability Officer, ADNOC Distribution, confirmed the company's advanced sustainability efforts "with a heightened sense of responsibility and a clear path forward.' He detailed the decarbonisation roadmap, aiming to reduce carbon intensity by 25% by 2030 and accelerate Net Zero by 2045, further adding, "Our focus on sustainable energy has reached new heights with the successful expansion of our hydrogen infrastructure."
Khaleej Times
26-03-2025
- Automotive
- Khaleej Times
Adnoc Distribution on track to install 500 EV charging points by 2028
Adnoc Distribution, the UAE's leading fuel and convenience retailer, is targeting installation of approximately 100 additional fast and super-fast EV charging points and 40-50 new service stations across the UAE in 2025 as part of its commitment to future-proofing and building the future of mobility. In 2025, Adnoc Distribution will continue to drive towards its five-year strategic objectives, including 1,000 service stations across its network, increasing non-fuel transactions by 50 per cent, and expanding its E2GO network to 500 EV charging points across the UAE by 2028. 'Diversification and innovation are key drivers of our growth,' the retailer said in a statement. The company will also explore new ways to position its service stations as more than just functional stops, redefining them as welcoming spaces at the heart of the communities they serve. 'The company aims to double the number of properties occupied by top international and regional food and beverage brands by the end of the year, compared to the end of 2023,' the leading oil retailer said. By implementing plans to add 40-50 new service stations across its network, installing 100 EV charging points in the UAE, and accelerating growth in Saudi Arabia, Adnoc Distribution is positioned for expansion in 2025 in line with its growth strategy, the Abu Dhabi-based retailer major said. The company also announced on Wedensday that its shareholders approved $350 million (10.285 fils per share) dividend for the second half of 2024, taking total dividends for the year to 20.57 fils per share with a 6.1 per cent yield. Since its 2017 IPO, Adnoc Distribution has delivered a total shareholder return of 92 per cent, or $7.8 billion (Dh28.6 billion), through both aggregate. This year's dividend distribution of $700 million marks a 3.5 times increase from the $200 million distributed in the first year as a listed company. Dr. Sultan Ahmed Al Jaber, chairman of Adnoc Distribution, said 2024 was another record-breaking year financially for the company. 'We delivered against our five-year strategy, achieving significant milestones that strengthened our market position and set the stage for long-term success. For the second consecutive year, our Ebitda surpassed $1 billion, driven by record fuel volumes—which increased by nearly 9.0 per cent—and sustained non-fuel retail growth, which have allowed us to deliver strong shareholder returns.' In 2024, Adnoc Distribution unveiled a five-year growth strategy underpinned by commitments to domestic growth, building international platforms, and future-proofing its business. By successfully executing this strategy, the Company achieved a record Ebitda of Dh3.86 billion in 2024, a 5.0 per cent year-on-year increase driven by record fuel volumes, strong non-fuel retail growth, and higher contributions from its operations in Saudi Arabia and Egypt. The 2024 dividend reflects the company's ability to generate strong free cash flow, which totalled Dh2.78 billion in 2024. Bader Saeed Al Lamki, CEO of Adnoc Distribution, said the company is committed to leading the way for the future of mobility and convenience retail, as evidenced by its commitment to expanding international operations and prioritising high-growth areas. By 2028, Adnoc Distribution seeks to grow the number of Adnoc Oasis convenience stores by 25 per cent, increase non-fuel transactions by 50 per cent and scale directly-operated franchise stores to 50 or more locations - a strategy is expected to allow for a 2.5-fold increase in property yield compared to traditional rental agreements. The company is targeting 1,000 service stations across its network by 2028, and aims to add 40-50 in 2025, with 30-40 of these to be located in Saudi Arabia. In 2024, the company reached a milestone of 100 service stations in the Kingdom by deploying a smart Dealer-Owned, Company-Operated (DOCO) model. By 2029, Adnoc Distribution targets at least 300 stations across the kingdom, positioning the company among the top five fuel and convenience retailers in the Saudi market. The company sees planned capex of $250-300 million this year. 'Through AI-driven data analytics and personalised engagement, the company is reinforcing its commitment to digital transformation, strengthening its position as the UAE's leading multi-energy mobility retailer while expanding internationally in a disciplined manner,' the company said.
