TAQA is the first corporation headquartered in the Middle East to commit to offset its flight emissions with atmosfair, a German non-profit organization.
TAQA's CEO, Peter S Al-Din Barker-Homek, comments on the agreement with atmosfair: "Being a company aiming to grow in an environmentally responsible way we aim to contribute to the sustainability of our planet". He continues: "At the heart of our business lies a firm commitment to finding ways of minimizing our impact on the environment and inspiring other organizations and people to operate and live greener."
The cooperation between TAQA and atmosfair serves climate protection and thereby contributes to sustainable development. By declaring details of all flight travels made, the environmental-conscious organization will calculate the quantity of produced greenhouse gases and the corresponding Voluntary Climate Fees (VCF). The VCFs will then be used by atmosfair to finance renewable energy and energy efficiency projects that reduce greenhouse gas emissions.
"We are pleased to welcome TAQA as the first partner in the Middle East who intends to offset its corporate flights with atmosfair," said Katharina Behrendt of Product Development, Key Accounts & Tourism at atmosfair. "The agreement shows an important commitment by TAQA to take over responsibility for the emissions flights cause".
TAQA is dedicated to reduce the negative impact of its flying by investing in selected solar, hydropower, biomass, or energy-efficiency projects in developing countries, to compensate for the emissions.
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TAQA to offset all business travel greenhouse gas emissions with atmosfair
- United Arab Emirates: Tuesday, September 22 - 2009 at 10:54
- PRESS RELEASE
Abu Dhabi National Energy Company (TAQA) went into agreement to offset all their greenhouse gases caused by the company's business air travels.
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About Abu Dhabi National Energy Company PJSC (TAQA)Founded in 2005, TAQA (Abu Dhabi National Energy Company (PJSC)) is a global energy company with a growing asset base of AED 86 billion (US$ 23.5 billion). One of the largest companies listed on the Abu Dhabi Securities Exchange (ADX), with 2008 revenue of more than AED 16 billion (US$ 4.4 billion), TAQA is a flagship corporation for the Government of Abu Dhabi.
TAQA's strategic goal is to build and operate a geographically diverse global portfolio of energy businesses across the value chain. It has operations in power generation, water desalination, upstream oil/gas, pipelines, and gas storage.
TAQA employs approximately 2,800 people from 41 different nations and operates from its offices in: Abu Dhabi; Ann Arbor, Michigan; Aberdeen; Amsterdam; Calgary and The Hague. This footprint is further extended through alliances with partners across Africa, the Middle East, Europe, North America and India.
TAQA carries Aa2 credit ratings from Moody's.
About atmosfair
atmosfair was founded in 2005 and is a joint initiative of forum anders reisen and the environment and development organization Germanwatch. The German Federal Environment Agency supported the initiative.
atmosfair's service is to calculate the amount of greenhouse gases produced by a certain flight and how much it would cost to save these emissions elsewhere. The funds, contributed by a private person or a company, is then financially invested in carefully selected sustainable climate-protection projects in developing countries.
atmosfair's projects meet the highest environmental and climate protection standards, the CDM Gold Standard, regarding emissions calculation, project selection and funds allocation.
Contact details
TAQA CSR
Amanda Elgh
CSR Coordinator
TAQA Media Relations, Global
Alexandra Jerrebo
PR Associate
+31 20 7975110
atmosfair, Berlin, Germany
Katharina Behrendt
Product Development, Key Accounts & Tourism
Phone: +49 30 627 355 0-12
Posted by Lara Lynn Golden, News EditorTuesday, September 22 - 2009 at 10:54 UAE local time (GMT+4)
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