Mumtalakat launches its voluntary carbon offsetting platform ‘Safa’

Mumtalakat launches its voluntary carbon offsetting platform ‘Safa’

Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has launched its voluntary carbon offsetting platform, Safa. Safa will help businesses and individuals better understand and manage their carbon footprint by contributing to exemplary climate initiatives. This coincides with the Kingdom of Bahrain’s participation at COP28, currently being held in the […]Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has launched its voluntary carbon offsetting platform, Safa.

Safa will help businesses and individuals better understand and manage their carbon footprint by contributing to exemplary climate initiatives. This coincides with the Kingdom of Bahrain’s participation at COP28, currently being held in the United Arab Emirates.

Safa’s offsetting service is not an alternative to decarbonization efforts, rather, by building awareness, educating communities, and empowering action at the individual and corporate levels, it aims to complement critical decarbonization initiatives by providing a user-friendly offsetting function for hard-to-abate emissions from activities like travel, accommodation, and logistics. It also aims to bring this service to users’ fingertips by integrating directly into their favorite everyday apps.

HE Shaikh Abdulla bin Khalifa Al KhalifaCEO – Mumtalakat

“Emphasizing our commitment to sustainability across various fields, we firmly believe that true transformation occurs when