Zain is making progress in its efforts to achieve net zero emissions by adopting its climate goals

Zain Group announced that its list of goals to address climate change and reduce greenhouse gas emissions has been adopted and endorsed by the Science Based Targets Initiative (SBTi).

Zain, the leading company in technological innovations in the Middle East and African markets, stated that the adoption of its list to address climate change made it the first Kuwaiti company in this field, as this international accreditation represents an important step in the group’s commitment to addressing climate change.

It is worth noting that the Science-Based Targets Initiative (SBTi) is a climate action organization that works to enable companies and institutions around the world to do their part in combating the climate crisis, as this initiative works to develop standards, tools and guidelines that allow companies to set goals for reducing greenhouse gas emissions. Thermal emissions are consistent with what is required to limit global warming and reach net zero emissions by 2050 at the latest.

The Science-Based Targets Initiative (SBTi) was established in collaboration between the World Resources Institute, the Global Carbon Disclosure Project (CDP), the United Nations Global Compact, and the World Wide Fund for Nature. By the end of 2023, there were more than 4,000 companies and financial institutions leading the transition to a net-zero economy. By setting and validating emission reduction targets by the Science-Based Targets Initiative (SBTi).

Zain explained that the adoption of its goals to address climate change came after it topped the list of companies and institutions in the Middle East and African markets last year for the third year in a row in the latest report of the Carbon Disclosure Project (CDP) at the driving range level (A-), which is an achievement that highlights Its commitment and transparency to climate action disclosure processes.

The group reported that the Science-Based Targets Initiative (SBTi) adopted Zain’s updated goals in the near and long term, which are in line with limiting global warming to 1.5 degrees Celsius above pre-industrial revolution levels, indicating that in this regard it aims to achieve net zero emissions across the value chain. Entirely by 2050.

Zain Group Chief Technology Officer, Mohammed Al-Murshed, said: “Adopting Zain’s climate goals confirms its commitment to its efforts to reduce emissions, as the group has adopted a comprehensive framework for compliance with climate change efforts, which includes major energy efficiency initiatives, expansion of renewable energy solutions, and adoption of energy-saving equipment.” , sharing efforts with suppliers, and waste management, and these efforts confirm that the group continues to evaluate the progress made in all its operations to achieve net zero emissions.”

Zain Group Chief Sustainability Officer Jennifer Suleiman said: “Climate change is a major priority for Zain Group, as it is committed to transforming its operations and value chain to significantly reduce its carbon footprint, as we aim to reduce carbon emissions by half before 2030 and achieve net zero emissions by 2050.” .

It is worth noting that Zain’s approved goals include, in the short term: reducing greenhouse gas emissions from Scope 1 and 2 by 42% by 2030 from the base year of 2020, and in the long term: reducing absolute greenhouse gas emissions from Scope 1 and 2 by 90% by 2020. 2050 from base year 2020, and in the long term: reduce absolute Scope 3 greenhouse gas emissions by 90% by 2020 2050 from the 2020 base year.

The Science-Based Targets initiative provides companies with a clearly defined path to reduce greenhouse gas emissions, which helps reduce climate change and its impact on future business growth. Zain’s commitment to these targets reflects its leadership in corporate sustainability and its proactive approach to addressing the global climate crisis.

In 2022, the group developed a comprehensive climate change compliance framework to regulate climate change adaptation and mitigation initiatives, with the aim of reaching net zero emissions by 2050, and during the same year, the company officially presented its commitment to setting its science-based targets (SBTi).

In order to achieve its short- and long-term goals, Zain has developed a climate change mitigation strategy under the supervision of the Board of Directors, governed by a comprehensive framework for climate change compliance at the level of its operations. This strategy includes, but is not limited to, implementing various initiatives across the group’s operational operations with the aim of Reducing emissions in line with science-based targets, through rationalizing energy consumption, switching to renewable energy sources and implementing carbon dioxide removal solutions in the future when possible.

It is worth noting that Zain Group had entered into an alliance with the Global Mobile Communications Association (GSMA) and a large number of mobile telecommunications operators around the world in order to begin disclosing its impacts on the climate, as part of an initiative led by the Global Telecommunications Union to design and develop a roadmap. Process for the telecom industry.