Mubadala Petroleum company announced that it has managed to reduce 25% of its Greenhouse Gas emissions over the last three years, according to the company’s 2020 Annual Sustainability Report.
This comes as Mubadala reaffirms its efforts to align with the UAE’s ambitions on addressing the critical issues related to climate change, the company said in the statement.
Mansoor Mohamed Al Hamed, CEO, Mubadala Petroleum, said: “Sustainability has always been central to our approach, but in 2020, when the world faced unprecedented challenges due to the COVID-19 pandemic, our corporate values and focus on sustainability were critical in enabling our resilience.”
“This report highlights the significant progress we are making on key focus areas such as emissions and lowering our environmental footprint, while also supporting the energy transition towards a lower carbon future by maintaining a gas-biased portfolio of assets across 10 countries globally,” Al Hamed explained.
Mubadala’s CEO added “In addition, we remain committed to positively impacting our communities and managing our business responsibly, including a continued priority on Health and Safety. Our commitment to sustainability remains central to the future of our business.”
The reports also mentioned that the company recorded 5.7 million working-hours with zero Lost Time Incidents and zero fatalities since inception, 62% gas weighted portfolio, Zero spills above one barrel, 48+ community enhancement initiatives and 6% increase in female representation and 31 nationalities across the organization, supporting the drive for greater diversity and inclusion.