Sustainability

Environment Sustainable Goals

BAHRAIN IS COMMITTED TO REACHING NET ZERO BY 2060, SETTING A RANGE OF AMBITIOUS INTERIM GOALS TO ENSURE THAT WE PROCEED WITHOUT DELAY. BY 2035, BAHRAIN WILL REDUCE EMISSIONS BY 30 PERCENT THROUGH DECARBONIZATION AND EFFICIENCY INITIATIVES, AND DOUBLE ITS DEPLOYMENT OF RENEWABLES FROM THE TARGETS SET AT COP21.

Environment Sustainable Goals

Bahrain’s 2035 targets also include carbon removal solutions, quadrupling mangrove coverage and doubling tree coverage in Bahrain, and directly investing in carbon capture technologies, which we believe is essential.

The oil and gas market is going through a transformation, as sustainability and climate change take center stage. It is not possible for oil and gas companies to continue operating under the assumption that there will always be a market for fossil fuels. nogaholding has the important task of managing this shifting landscape, balancing the use of Bahrain’s natural resources to generate wealth and deliver prosperity to its citizens. nogaholding's sustainability agenda is driven by a multi-pronged approach. The first involves modernizing and enhancing efficiencies within our Operating Companies to ensure that all oil and gas products have a reducing carbon intensity; an ambition helped by the Company’s unique interconnectedness across the entire hydrocarbon value chain. The second is to ensure responsible resource consumption by minimizing environmental impact. We aim to support investment into the protection and rehabilitation of the natural world, and maximize the utility of all hydrocarbon resources. The third approach encompasses investment into novel technology to take advantage of all available tools that support the energy transition in the hydrocarbon industry. The fourth approach is to explore opportunities within alternative energy in order to secure Bahrain’s energy future beyond oil and gas, and establish nogaholding as a sustainable energy company.