Strong focus on emissions throughout the entire value chain
Oman Cables Industry (OCI), leading company in the cables and systems industry, part of Prysmian Group, and Fujairah Gold, Vedanta Group, have strengthened their partnership towards sustainable goals.
The two Companies, represented by Cinzia Farise, CEO, Oman Cables, and Puneet Khurana, CEO, Fujairah Gold, signed a Collaboration Agreement at the presence of Sharief Habib Al Awadhi, Director General, Fujairah Free Zone Authority, to explore potential opportunities in different areas of collaboration, according to a press release.
OCI’s ‘Innovation for Sustainability’ approach has three fundamental principles and ambitions: environmental, social and innovation responsibility. The company believes in minimizing its environmental impact and has established a set of guiding criteria that directs its innovation efforts involving all value chain, from upstream, to downstream.
This requires the adoption of a design for sustainability approach that includes strict criteria on carbon footprint, potential recyclability, hazardous substances, recycle input rate, transmission efficiency and environmental benefits in all products and new technologies. By prioritizing these criteria, OCI can develop products that are eco-friendly, energy-efficient and cost-effective, enabling customers to choose greener options.
“We are embarking on a transformational journey. Our ambition towards sustainability requires a joint effort with all our key stakeholders. While pursuing our net zero ambition, we must partner with the best ESG providers who embrace our same values and commitment to sustainability,” remarked Farise.
“Vedanta is committed to delivering sustainable and responsible growth, which creates value for both our shareholders and all our stakeholders,” commented Khurana.
