Latest news with #GHG
The Star
2 days ago
- Business
- The Star
Capital Markets Malaysia launches emissions calculator for SMEs
Securities Commission Malaysia building at Kuala Lumpur KUALA LUMPUR: Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), today launched the SEDG Greenhouse Gas (GHG) emissions calculator to help small and medium enterprises (SMEs) measure and report their emissions. CMM said in a statement that the tool is designed to help Malaysian companies measure and report their scope 1 and scope 2 emissions based on the globally recognised GHG protocol. SC executive chairman Datuk Mohammad Faiz Azmi said accurate emissions measurement was increasingly critical for Malaysian SMEs, particularly those operating in global supply chains, as customers demand greater disclosure. "The SEDG GHG emissions calculator simplifies a complex process, making emissions reporting accessible even to first-time users. "Beyond reporting, it also enables companies to pinpoint key emission sources across operations, allowing them to make informed decisions and move towards meaningful climate action,' he said. He added that the calculator complements the SC's efforts to promote consistent and credible sustainability disclosures and supports the adoption of the National Sustainability Reporting Framework. Meanwhile, CMM general manager Navina Balasingam said the agency conducted a series of user acceptance tests across various supply chain sectors to ensure the tool met SMEs' needs and expectations. She said the calculator is available free of charge in three languages - English, Bahasa Melayu and Simplified Mandarin - to ensure broad accessibility. - Bernama
Zawya
23-06-2025
- Business
- Zawya
Qatar-based GAB becomes the first accreditation body from the MENA region to sign APAC's MRA for GHG Accreditation
DOHA, QATAR – Continuing its commitment to supporting global and regional climate initiatives, Qatar-based Global Accreditation Bureau (GAB) has officially become a Mutual Recognition Arrangement (MRA) Signatory of the Asia Pacific Accreditation Cooperation (APAC) for the accreditation of Validation and Verification Bodies (VVBs) for Greenhouse Gases (GHG). This achievement positions GAB as a key enabler in the MENA region for climate accountability and sustainability practices aligned with international standards. Becoming an MRA signatory signifies that GAB's accreditation processes for GHG VVBs have been rigorously evaluated and deemed equivalent to those of other recognized accreditation bodies within APAC. This is particularly significant given the standing of APAC as a highly respected and influential regional cooperation of accreditation bodies in the Asia Pacific region. This development follows GAB's earlier success in 2024, when it became an MRA Signatory of both the Asia Pacific Accreditation Cooperation (APAC) and the International Accreditation Forum (IAF) for accreditation of Management System Certification Bodies. GAB's elevated status not only enhances its international recognition but also uniquely positions it as the first and only Accreditation Body Member in the MENA region to be part of APAC MRA group with a scope of GHG validation and verification. Speaking about the latest milestone, Dr. Yousef Alhorr, Founding Chairman of GAB, said, 'By becoming APAC's MRA Signatory for the accreditation of GHG validation and verification bodies, we are directly addressing the increasing demand for robust and transparent GHG accounting, aligning with international frameworks. By ensuring that VVBs accredited by GAB operate under a rigorous, internationally recognized accreditation framework, GAB is steadily progressing towards its goal of empowering stakeholders in the MENA region and other neighboring countries. To this end, it will assure that GHG validation and verification processes operated under accreditation from GAB are technically sound and adhere to the international standards, fostering confidence and paving the way for a sustainable, low-carbon future.' GAB's extended MRA signatory status will significantly benefit organizations and VVBs operating within the MENA region and neighboring countries. It will provide them with easier access to internationally recognized accreditation services for GHG validation and verification. GHG reports originating from VVBs accredited by GAB will gain greater acceptance within international markets that acknowledge the APAC MRA. This will ease trade barriers and enhance market access for organizations relying on these verified reports. Simplifying their selection process, organizations seeking GHG validation and verification services can now select GAB-accredited bodies with confidence, assured that these VVBs meet rigorous international standards. Ultimately, GAB's MRA status will empower organizations to accurately measure, report, and reduce their greenhouse gas emissions which will significantly contribute to broader global sustainability objectives and climate action initiatives within the region. GAB's extended MRA signatory status will amplify its existing portfolio and influence within the accreditation landscape. Having already accredited five VVBs—two based in Qatar and three in India—under this expanded scope, GAB is demonstrating its growing capacity to support GHG validation and verification services. With many other applicant bodies currently undergoing rigorous review at various stages of GHG-related accreditation, this momentum suggests a substantial increase in GAB's accredited partners. About GAB: Global Accreditation Bureau (GAB) is the first and only accreditation body established in Qatar by GORD as an independent legal entity to provide accreditation services to third party conformity assessment bodies (also known as Certification Bodies). It is the first to start providing accreditation services as per ISO 17029:2019 & ISO 14065:2020 to organizations providing validation and/or verification of environmental information and greenhouse gas (GHG) assertions for organizations (ISO 14064-1 & ISO 14064-3) and projects (ISO 14064-2 & ISO 14064-3). For more information, contact: Hussam Othmany Director, Marketing & Corporate Communications email: Farwa Zahra Senior Public Relations Specialist email:
Khaleej Times
04-06-2025
- Business
- Khaleej Times
Tristar launches greenhouse gas report ahead of UAE's emission reduction law implementation
Tristar Group launched its first annual Greenhouse Gas (GHG) report a few days after the UAE Government put into effect Federal Decree-Law No. (11) of 2024 on the reduction of climate change effects. The law sets out emissions reduction targets across key sectors such as energy, infrastructure, and waste management. Tristar's initiative shows that its GHG emissions for the year 2024 were calculated to be 2,513,747 tonnes of carbon dioxide equivalents (tCO2e). Estimating GHG emissions aligns with Tristar's sustainability goals by providing crucial insights into its carbon footprint. By quantifying GHG emissions, the company aims to identify key areas for improvement and implement targeted strategies to reduce emissions across its operations. 'We did not just comply ahead of regulatory requirements but would really want to take the lead in climate change mitigation as a responsible business,' explained Tristar Group CEO Eugene Mayne. 'Considering the increasing global climate challenges, our initiative underscores the importance of corporate accountability and climate resilience in alignment with UAE's Net zero goals.' The federal law includes various mitigation measures such as carbon capture, utilisation, and storage (CCUS), and enhancement of natural carbon sinks. A key feature of the law is the introduction of a robust measurement, reporting, and verification (MRV) framework. This system mandates emissions inventories, third-party audits, and the creation of a national electronic tracking platform. As a company founded on the principles of Business with Purpose and as a member of the United Nations Global Compact network since 2011, Tristar celebrated World Environment Day on June 3 in support of the United Nation's 2025 theme on 'Beat Plastic Pollution'. Tristar offers a comprehensive range of services to cater to the needs of the petroleum, chemical and petrochemical industries, both in the ME region and globally. Its core expertise lies in its ability to safely house and distribute all types of retail fuels, lubricants, chemicals, petrochemicals and liquid gases by road, sea, or air.
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Gulf Hotels Group B.S.C. (GHG) announced a net profit of BD 2.452 million for the first quarter of 2025, reflecting an 8% year-on-year decrease from BD 2.663 million in Q1 2024. The decline was primarily attributed to seasonal challenges, notably reduced travel and hotel occupancy during Ramadan. Earnings per share for the quarter stood at 11 Fils, compared to 12 Fils in the same period last year. Despite the dip in net profit, the Group posted a 7% rise in total comprehensive income, which reached BD 2.542 million, up from BD 2.382 million in Q1 2024. Total revenue for the quarter came in at BD 8.611 million, down 4% from BD 8.983 million a year earlier. Meanwhile, the Group's total assets increased slightly to BD 113.786 million, up 0.8% from BD 112.862 million at the end of 2024. However, total equity (excluding minority interests) declined by 3% to BD 102.424 million. Commenting on the results, Group Chairman Mr. Fawzi Kanoo stated: 'The Q1 financials highlight the strength and resilience of our diversified portfolio. While Ramadan seasonally impacts hospitality activity, we remain optimistic about the sector's outlook, especially with ongoing government efforts to bolster tourism in Bahrain.' GHG CEO Mr. Ahmed Janahi echoed this sentiment, noting that occupancy rates across the market dropped from 54.2% to 52.1% compared to Q1 2024. Revenue per available room (RevPAR) also declined by 11.7% year-on-year due to lower demand and pricing pressures during the holy month. Looking ahead, Janahi said the Group expects stronger performance in Q2 and beyond, supported by major events such as the Formula 1 Grand Prix and Eid holidays. 'We're actively executing several strategic initiatives including integrating Gulf Hotel Bahrain into the Marriott Bonvoy loyalty programme, expanding our F&B offerings, and exploring regional growth opportunities,' he added. GHG's full Q1 financial statements are available on the Bahrain Bourse website at
Arabian Business
15-05-2025
- Business
- Arabian Business
EMSTEEL overcomes global headwind as domestic demand stays strong
The company's Decarbonisation Strategy aims to reduce GHG by 40% from its steel business and 30% from its cement units
