The report highlights TAQA's commitment to accelerating the energy transition, with notable achievements in 2023, including the launch of its Green Finance Framework and the successful issuance of a US $1 billion green bond. The report also showcases TAQA's progress toward its 2030 ESG targets, including a 11% reduction in Scope 1 and 2 GHG emissions compared to 2022 and an increase in the share of renewables in the overall generation portfolio to 45%. TAQA's proactive initiatives to enhance its ESG impact have received recognition from prominent rating agencies, as evidenced by the upgrade in its ESG Risk Rating from Morningstar Sustainalytics to ""Low."" The report also details TAQA's commitment to building trust with stakeholders through various initiatives, including hosting the World Utilities Congress 2023 in Abu Dhabi, where the company highlighted its commitment to innovation and sustainability.
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Abu Dhabi National Energy Company PJSC (TAQA) 2023 Sustainability Report
Issuing Company Abu Dhabi National Energy Company PJSC (TAQA)
Report Type Sustainability Report
Report Language EN
Report Filesize 47.3 MB
No. of Pages 144 pages
Reporting periodJanuary 1, 2023-December 31, 2023
Report Edition4
Assurance Provider DNV Business Assurance Services UK Limited
Reporting Standards GRI; SASB; TCFD; others
Materiality Assessmenttrue