Commitment aligned with the UAE’s Net Zero by 2050 Strategic Initiative
Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has committed to achieving net zero across its scope 1 and 2 carbon emissions by 2045.
The commitment is an extension of the Company’s best practice approach to Environmental, Social, and Governance (ESG) principles, supporting the UAE’s sustainability goals.
The UAE was the first country in the Gulf Cooperation Council (GCC) region to commit to net zero and has launched a national Net Zero by 2050 strategic initiative, setting out a clear pathway for achieving its objective.
Targets
To achieve net zero emissions in its operations, Borouge has set intermediate targets for a 25% reduction in greenhouse gas (GHG) emissions intensity and a 30% reduction in energy intensity by 2030.
“We are taking strong strides in promoting a circular economy. Inspired by the UAE’s climate ambition, Borouge is resolutely pursuing net zero in its own operations, aiming for an accelerated timeframe of 2045,” stated Hazeem Sultan Al Suwaidi, CEO, Borouge.
Borouge has set interim 2030 goals to achieve its ambitions and will continue to pursue resource efficiency alongside decarbonising its operations. The Company’s commitment to successful energy-saving initiatives achieved a 30% reduction in emission intensity in 2023 compared to the 2018 baseline, a press communique concluded.
