Clinching 6th place in the Middle East and the 3rd highest in the UAE after just 3 years of going public underscores Yahsat’s robust sustainability framework in line with international standards
Abu Dhabi, UAE, 19 June 2024: Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, (ADX trading Symbol: YAHSAT), announces that it has been ranked in the top ten most sustainable companies in the Middle East, according to the S&P Global ESG Scores. Yahsat has sealed the 6th and 3rd positions in the Middle East and the UAE rankings respectively.
The S&P Global ESG Scores assess the sustainability performance in Environmental, Social, and Governance (ESG) practices of the world's largest companies. Ranking high among more than 250 companies assessed in the Middle East reinforces Yahsat’s strong reputation as a local, regional, and global sustainability leader.
Yahsat is dedicated to integrating and promoting sustainability ESG principles across all its business operations and value chain, creating a positive impact on society and the environment. The company developed its Sustainability Framework in 2022, which aligns with national, regional, and global sustainability priorities, alongside its business growth strategy.
Ali Al Hashemi, Group Chief Executive Officer of Yahsat, said: “We are delighted and proud to be ranked in the top ten most sustainable companies in the Middle East by S&P Global. Sustainability has been deeply rooted within Yahsat through its momentous journey, yet this reputable ranking is a clear testament to the notable achievement of developing a robust sustainability framework and policies since going public in 2021. Our constant commitment to embracing international standards is beneficial for the environment, the communities we serve, and in making us a more efficient and productive organization.”
In August 2023, Yahsat's Board approved its ESG policy, outlining the company’s ambition to become a pioneer in ESG within the space sector. Yahsat also developed a CSR Strategy Framework to integrate socially responsible practices into its business model, further demonstrating its commitment to sustainability.
Yahsat deploys space technology for social and environmental protection worldwide, providing innovative solutions such as e-learning, telemedicine, disaster response and recovery, and wildlife tracking.
Additionally, Yahsat undertook a comprehensive carbon accounting assessment in 2023, by measuring its emissions and developing a decarbonisation strategy for its headquarters. The company is also a signatory to the United Nations Global Compact and adheres to its ten core principles.
Access Yahsat’s recently published Sustainability Report 2023 here, reflecting its achievements in environmental stewardship, social responsibility, and corporate governance.