Abu Dhabi [UAE], November 24:Emirates Steel Arkan (ESA) announced today its participation in COP28, aligning with the UAE's strategic initiative to achieve climate neutrality by 2050 as well as its goals set forth to prioritize climate change, reduce emissions and limit global warming. As the UAE's national champion company in the steel and building materials sector, Emirates Steel Arkan is demonstrating its commitment to supporting the world in decarbonizing hard-to-abate sectors at COP28, through working with all stakeholders to achieve tangible emission reduction, reflecting the vision of the UAE and the COP28 Presidency.
By prioritizing sustainability as a pathway to economic prosperity, ESA will highlight its pro-climate and pro-growth underlying vision of steelmaking and building materials as the foundation of sustainable prosperity and collaboration between nations.
The Group is also showcasing its pioneering low-carbon solutions through innovation across the value chain, from the sourcing of raw materials to the delivery of finished products. As an early adopter of clean technologies, ESA is raising ambition to mitigate carbon emissions, integrate renewable energy, increase energy efficiency, conserve the environment, and enhance supply chain sustainability.
In addition, Emirates Steel Arkan is highlighting its efforts in reducing the climate and environmental impact of the steel and building material industry across the five pillars of carbon emissions, energy consumption, resource depletion, waste and supply chain sustainability. The Group is on course to cut carbon emissions by 40% by 2030 and aiming at achieving Net-Zero by 2050, having achieved a 35% reduction in emissions intensity compared to the 2019 baseline.
The Group will also underline the importance of collaboration to meet its ambitious decarbonization goals. Just recently, ESA announced a partnership with Masdar to produce 'green steel', a premium product sought after by European manufacturers eager to meet their net-zero goals.
Source: Emirates News Agency