Latest news with #RenaissanceServices
Zawya
25-03-2025
- Business
- Zawya
Oman: Renaissance launches 2024 Annual Sustainability Report in the presence of MSX CEO
Muscat: Renaissance Services, Oman's leading integrated facilities management (IFM) and services solutions provider, listed on the Muscat Stock Exchange since 1996, has launched its Sustainability Report 2024. The launch event, held under the auspices of Haitham bin Salim Al Salmi, CEO, Muscat Stock Exchange (MSX), underscored the importance of transparency and accountability in advancing Environmental, Social and Governance (ESG) practices in Oman's corporate sector. In line with its ongoing commitment to sustainability, safety and operational excellence, Renaissance invested RO 580,000 in climate risk mitigation initiatives during 2024. For this latest Sustainability Report, the company adopted the advanced 'In Accordance' GRI Standards 2021 framework, thereby establishing itself as a pioneer in comprehensive ESG disclosures among listed corporates. Notably, Renaissance has been voluntarily reporting on all 30 ESG metrics outlined in the MSX ESG Framework since its 2022 report, well ahead of the regulatory mandate that came into effect in 2024. Speaking on the occasion, HH Sayyid Tarik bin Shabib Al Said, member of the Board of Directors and chairman of the ESG Committee of Renaissance Services, said, 'Our annual Sustainability Report reflects the company's long-term commitment to sustainability and transparency. Sustainability is embedded in our strategy, from innovation and decarbonisation efforts to capacity building and governance. We remain focused on delivering measurable outcomes that contribute to Oman's sustainable development.' Haitham bin Salim Al Salmi, CEO of MSX, said, 'Renaissance Services has consistently demonstrated leadership in sustainability reporting and ESG best practices in Oman. Its early adoption of the MSX ESG Framework and commitment to the latest GRI Standards set a benchmark for listed companies in the country. Renaissance's continuous focus on transparency, disclosure and global reporting standards is essential in fostering a responsible and sustainable investment environment. As the capital market advances toward responsible investment and sustainable growth, I encourage all MSX listed companies to follow Renaissance's example by embracing sustainability and transparency practices. This shift is critical for building investor confidence, attracting capital and supporting Oman's Vision 2040, which aims for a more diversified and sustainable economy.' Renaissance's latest report highlights its alignment with the Sultanate's sustainability journey. Earlier in 2024, the company became the first and only Omani public-listed entity registered with the Science-based Targets initiative (SBTi), reinforcing its alignment with the Paris Agreement and Oman's Net Zero 2050 target. Renaissance's climate risk mitigation initiatives include implementation of a smart food waste management solution and an Internet of Things (IoT)/AI-based platform that reduces energy usage at its accommodation facilities. With more than 2,800 Omani employees, Renaissance is among the largest private-sector employers of Omanis. The company has developed a robust local supply chain and remains committed to Corporate Social Responsibility (CSR) programmes that create a meaningful and lasting impact. Its flagship project, Renaissance Village Duqm, Oman's largest workforce accommodation facility, showcases the company's commitment to worker welfare and serves as a key enabler of foreign direct investment (FDI) in the Sultanate. The company remains dedicated to driving positive change through innovative and sustainable practices that support Oman's vision for a greener, more inclusive future. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
24-03-2025
- Business
- Times of Oman
Renaissance launches 2024 Annual Sustainability Report in the presence of MSX CEO
Muscat – Renaissance Services, Oman's leading integrated facilities management (IFM) and services solutions provider, listed on the Muscat Stock Exchange since 1996, has launched its Sustainability Report 2024. The launch event, held under the auspices of Haitham bin Salim Al Salmi, CEO, Muscat Stock Exchange (MSX), underscored the importance of transparency and accountability in advancing Environmental, Social and Governance (ESG) practices in Oman's corporate sector. In line with its ongoing commitment to sustainability, safety and operational excellence, Renaissance invested RO 580,000 in climate risk mitigation initiatives during 2024. For this latest Sustainability Report, the company adopted the advanced 'In Accordance' GRI Standards 2021 framework, thereby establishing itself as a pioneer in comprehensive ESG disclosures among listed corporates. Notably, Renaissance has been voluntarily reporting on all 30 ESG metrics outlined in the MSX ESG Framework since its 2022 report, well ahead of the regulatory mandate that came into effect in 2024. Speaking on the occasion, HH Sayyid Tarik bin Shabib Al Said, member of the Board of Directors and chairman of the ESG Committee of Renaissance Services, said, 'Our annual Sustainability Report reflects the company's long-term commitment to sustainability and transparency. Sustainability is embedded in our strategy, from innovation and decarbonisation efforts to capacity building and governance. We remain focused on delivering measurable outcomes that contribute to Oman's sustainable development.' Haitham bin Salim Al Salmi, CEO of MSX, said, 'Renaissance Services has consistently demonstrated leadership in sustainability reporting and ESG best practices in Oman. Its early adoption of the MSX ESG Framework and commitment to the latest GRI Standards set a benchmark for listed companies in the country. Renaissance's continuous focus on transparency, disclosure and global reporting standards is essential in fostering a responsible and sustainable investment environment. As the capital market advances toward responsible investment and sustainable growth, I encourage all MSX listed companies to follow Renaissance's example by embracing sustainability and transparency practices. This shift is critical for building investor confidence, attracting capital and supporting Oman's Vision 2040, which aims for a more diversified and sustainable economy.' Renaissance's latest report highlights its alignment with the Sultanate's sustainability journey. Earlier in 2024, the company became the first and only Omani public-listed entity registered with the Science-based Targets initiative (SBTi), reinforcing its alignment with the Paris Agreement and Oman's Net Zero 2050 target. Renaissance's climate risk mitigation initiatives include implementation of a smart food waste management solution and an Internet of Things (IoT)/AI-based platform that reduces energy usage at its accommodation facilities. With more than 2,800 Omani employees, Renaissance is among the largest private-sector employers of Omanis. The company has developed a robust local supply chain and remains committed to Corporate Social Responsibility (CSR) programmes that create a meaningful and lasting impact. Its flagship project, Renaissance Village Duqm, Oman's largest workforce accommodation facility, showcases the company's commitment to worker welfare and serves as a key enabler of foreign direct investment (FDI) in the Sultanate. The company remains dedicated to driving positive change through innovative and sustainable practices that support Oman's vision for a greener, more inclusive future.
Zawya
10-03-2025
- Business
- Zawya
Renaissance supports Nama in advancing Smart Meter adoption in Oman
Renaissance Services, Oman's leading provider of services solutions, Integrated Facilities Management (IFM) and accommodation solutions, has reached a key milestone in its partnership with Nama Group. Since the launch of the AMI Smart Meter Tender 2021, Renaissance's utilities team has successfully installed over 405,000 smart meters, including 224,000 meters in the final two months of 2024. Nama's Smart Meter project is a key initiative supporting Oman's vision for digitalisation and innovation. By enhancing billing accuracy and collection efficiency, the rollout of smart meters is helping to modernise the Sultanate's energy infrastructure and improve energy monitoring for customers. Achieving this milestone underscores Renaissance's commitment to supporting Oman through innovative and efficient solutions. The company's utilities services include manual meter reading, site surveys, troubleshooting and operational support across Zones 1, 2 and 3 of the Nama electricity distribution network. These efforts have been strengthened by close collaboration with Nama's team, management and approved SME partners. Speaking on the occasion, Stephen R Thomas, CEO, Renaissance Services, said, "We are delighted to support Oman's energy transition and our partnership with Nama demonstrates our goal of leading the future in smart, sustainable services solutions." Renaissance Services is one of the largest private sector employers of Omani nationals, contributing to local growth and capacity building. The company is committed to safety, efficiency and sustaining in-country value. As Oman continues its journey toward a smarter and more sustainable energy future, Renaissance remains committed to playing an important role in the Sultanate's transformation. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
09-03-2025
- Business
- Times of Oman
Renaissance supports Nama in advancing Smart Meter adoption in Oman
Renaissance Services, Oman's leading provider of services solutions, Integrated Facilities Management (IFM) and accommodation solutions, has reached a key milestone in its partnership with Nama Group. Since the launch of the AMI Smart Meter Tender 2021, Renaissance's utilities team has successfully installed over 405,000 smart meters, including 224,000 meters in the final two months of 2024. Nama's Smart Meter project is a key initiative supporting Oman's vision for digitalisation and innovation. By enhancing billing accuracy and collection efficiency, the rollout of smart meters is helping to modernise the Sultanate's energy infrastructure and improve energy monitoring for customers. Achieving this milestone underscores Renaissance's commitment to supporting Oman through innovative and efficient solutions. The company's utilities services include manual meter reading, site surveys, troubleshooting and operational support across Zones 1, 2 and 3 of the Nama electricity distribution network. These efforts have been strengthened by close collaboration with Nama's team, management and approved SME partners. Speaking on the occasion, Stephen R Thomas, CEO, Renaissance Services, said, "We are delighted to support Oman's energy transition and our partnership with Nama demonstrates our goal of leading the future in smart, sustainable services solutions." Renaissance Services is one of the largest private sector employers of Omani nationals, contributing to local growth and capacity building. The company is committed to safety, efficiency and sustaining in-country value. As Oman continues its journey toward a smarter and more sustainable energy future, Renaissance remains committed to playing an important role in the Sultanate's transformation.
Observer
02-03-2025
- Sport
- Observer
Renaissance Interschool Regatta showcases Oman's talent
MUSCAT: The Renaissance Interschool Regatta (RIR) 2025 produced excellent sailing, tense racing and offered a glimpse at Oman's future sailing stars as 45 schoolchildren took to the waters of Al Mouj Muscat in their Optimist dinghies. Brought together from 15 government schools in Muscat, Sur and Al Mussanah, and part of the Oman Sail Community Sailing Program, sponsored by Renaissance Services, the sailors all showed how impressive their progress has and how bright their futures could be. Mohammed al Balushi (Musab bin Al-Zubair Basic Education School, Al Mussanah) won the boy's event after a close battle with Ibrahim al Maskari (Durat Al-Ajyal Basic Education School, Muscat) who had to settle for second place. Timur al Amri (Durat Al-Ajyal Basic Education School, Muscat) finished third. In the girl's competition, Mariam al Hadhrami (Al-Safa Basic Education School, Mussanah) won the gold medal ahead of Mariam al Hashar (Sur Basic Education School, Sur) who finished second, with Jameela al Jalboobi (Sur Basic Education School, Sur) finishing third. Top three winners of School Category Sur Basic Education School ended the regatta as the best performing school. Sailors from the school edged Durat Al-Ajyal Basic Education School, Muscat, into second and the Al-Rawae Basic Education School, Muscat, took the bronze. Stephen R Thomas, CEO, Renaissance Services, said, 'The Renaissance Interschool Regatta is a great opportunity to showcase the benefits of the Community Sailing Program. We are pleased to support these young sailors through this programme, which not only teaches them how to sail but also imparts valuable lessons that go beyond the sport. It is encouraging to see so many young people taking an interest in sailing and contributing to Oman's rich maritime traditions.' The Renaissance Interschool Regatta Abdulaziz al Shidi, Oman Sail's Acting Director Sailing, added, 'The Interschool Regatta, sponsored by Renaissance Services, is one of the leading youth sports events in Oman, combining competition with a focus on enriching the community. Through sport, the sailors learn valuable lessons to take with them on and off the water, and starting with the Community Sailing Program, Oman Sail and Renaissance Services are delighted to create a platform to develop the abilities of young Omanis.' The Oman Sail Community Sailing Program, sponsored by Renaissance Services, has already introduced 301 boys and girls to the sport this year as part of an annual commitment to teach a total of 900 students aged 8-10 from government schools in Al Batinah South, Al Sharqiyah South and Muscat governorates each year. Each student takes part in a five-week sailing course with one weekly session on the water using the Optimist boat and participates in a beach clean-up to help keep the environment clean for Oman's native wildlife and marine species – as well as ensuring sailors of all ages and levels can enjoy clean seas.
