Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

  • Date: 31-Jul-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

His Highness noted that the accelerated plan marks a new chapter in ADNOC’s transformational journey to a lower carbon future

His Highness and members of the Executive Committee called on ADNOC to seek global partnerships to boost its decarbonisation plan

His Highness recognised ADNOC’s industry-leading low carbon intensity achievement as it responsibly contributed to meeting growing global energy demand

Abu Dhabi, UAE: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors at ADNOC Headquarters.

During the meeting, His Highness approved ADNOC’s accelerated decarbonisation plan to bring forward its net zero ambition to 2045, from its previous target of 2050, and to achieve zero methane emissions by 2030. ADNOC is the first company in its peer group to accelerate its net zero target to 2045.

His Highness noted that these new, ambitious targets mark a new chapter in ADNOC’s transformational journey to a lower carbon future. The company has placed sustainability at the heart of its long-term strategy, including the decarbonisation of its operations, investing in renewables, building a global hydrogen value chain, deploying innovative climate technology solutions