DNV and Emirates Steel Arkan Unite to Lead Transformation towards a Sustainable Future

DNV and Emirates Steel Arkan Unite to Lead Transformation towards a Sustainable Future

(IN BRIEF) DNV and Emirates Steel Arkan have formed a strategic partnership to accelerate decarbonization efforts in the steel and building materials producer industry. The five-year collaboration aims to achieve net zero emissions in line with the UAE’s climate neutrality goals. DNV’s expertise in supply chain and product assurance will support Emirates Steel Arkan in areas such as steel decarbonization, ESG, energy transition, and digitalizing ESC disclosures. The partnership will focus on strengthening carbon management, promoting sustainability practices, and enhancing environmental product declarations. Both organizations are committed to reshaping the industry and leading the way towards a more sustainable future.

(PRESS RELEASE) ABU DHABI, 31-May-2023 — /EuropaWire/ —  Independent energy expert and assurance provider, DNV, is pleased to announce a significant milestone in their commitment to sustainability with the signing of a Decarbonization Strategic Collaboration Agreement alongside Emirates Steel Arkan, a prominent player in the steel and building materials producer industry. The agreement marks the beginning of a transformative five-year partnership aimed at advancing sustainable practices and achieving net zero emissions in line with the UAE’s ambitious climate neutrality goals.

Emirates Steel Arkan, known for their commitment to innovation and excellence, has chosen to partner with DNV’s Supply Chain & Product Assurance (SCPA) business area to drive the steel and building materials industry transition towards a sustainable future. This strategic collaboration aligns with the UAE’s strategic initiative to achieve climate neutrality by 2050, highlighting the shared commitment of both organizations to contribute to this ambitious vision.

Under the Decarbonization Strategic Collaboration Agreement, DNV will provide comprehensive support to Emirates Steel Arkan in various areas including Steel Decarbonization, ESG (Environmental, Social, and Governance), Energy Transition, and Digitalizing ESC disclosures. These initiatives will form the basis for entering into separate contractual agreements, allowing for a targeted and effective approach towards achieving their collective sustainability objectives.

In a statement released today, CEO of DNV SCPA, Geir Fuglerud, expressed his enthusiasm about this collaborative venture, stating, “DNV’s strategic agreement with Emirates Steel Arkan is poised to streamline the development of low carbon products, drive a net zero trajectory, and accelerate decarbonization. This partnership reflects our shared vision and values in safeguarding life, property, and the environment, while demonstrating a strong commitment to sustainability and innovation. We believe this collaboration will enhance Emirates Steel Arkan’s industry leadership and further establish DNV as a trusted service provider in regional sustainability. I express my heartfelt gratitude to all the dedicated team members from Emirates Steel Arkan and DNV, as well as our valued partners and external supporters, for their invaluable contributions in making this collaboration a reality.”

Group CEO of Emirates Steel Arkan, Eng. Saeed Ghumran Al Remeithi, added, “We are thrilled to collaborate with DNV Supply Chain & Product Assurance, a renowned industry leader in driving sustainable transformation, to strengthen our decarbonization, ESG, and energy transition efforts. Through this strategic partnership, we will be able to further advance our decarbonization strategy, accelerate the transition towards a low-carbon economy, and minimize our environmental footprint.

This collaboration also exemplifies our unwavering commitment to being at the forefront of sustainability, as a driver of positive change in the local and international industrial landscape.”

The scope of the partnership extends to a wide range of engagements and cooperation, forming a strategic ESG roadmap until 2030. Some key areas of focus include strengthening carbon management, ensuring regulatory compliance, promoting digitalization and traceability, enhancing environmental product declarations, facilitating sustainable procurement and supply chain practices, providing strategic advisory services for energy transition, verifying and validating carbon credits, enabling sustainable finance for decarbonization efforts, conducting social risk assessments and human rights due diligence, assuring non-financial disclosures, and addressing operational risk and cybersecurity.

DNV and Emirates Steel Arkan’s collaborative efforts hold the promise of reshaping the steel and building materials producer industry, setting new benchmarks for sustainability and driving meaningful change. By combining their expertise, resources, and shared commitment to a more environmentally conscious and resilient future, both organizations aim to lead the way towards a greener, more sustainable world.

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Lucy Fellows



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