manama, bahrain, December 1, 2023 /PRNewswire/ — Bahrain Mumtalakat Holding Company (Mumtalakat), the Kingdom’s sovereign wealth fund bahraintoday announces the launch of Safa, a voluntary carbon offset platform to help businesses and individuals better understand and manage their carbon emissions by contributing to exemplary climate action. Did.This coincides with the kingdom bahrain participation in COP28Currently being held at United Arab Emirates.
Commenting on the occasion, His Excellency Sheikh Abdullah bin Khalifa Al Khalifa, Chief Executive Officer of Mumtalakat, said: “We underline our commitment to sustainability across various sectors and encourage all of us to come together and create a collective We strongly believe that real change happens when we create an impact. With Safa, individuals and businesses can reduce their carbon footprint, actively participate in creating a greener future, and support the Kingdom. can. bahrain The goal is to achieve net zero emissions by 2060. ”
Safa’s offset services are not a substitute for decarbonization efforts. Rather, Safa provides user-friendly offsets for hard-to-reduce emissions from activities such as travel, accommodation, and logistics by raising awareness, educating communities, and strengthening action at the individual and corporate level. By doing so, we aim to complement important decarbonization efforts. . We also aim to make this service easier for users by integrating it directly into their favorite apps that they use every day.
The newly introduced user-friendly platform will help Saudi Arabia leverage technology and innovation as a key means to achieve a faster, more affordable and more effective transition to net zero by 2060. This is proof that it is being utilized. This platform is accessible to all individuals and businesses to facilitate transactions. Help you calculate and offset your carbon emissions with high-quality, globally certified carbon credits. These credits will be allocated to international environmental projects aimed at reducing or eliminating greenhouse gas emissions, with the aim of expanding to local and regional projects in the near future.
To accelerate climate action for all, Safa has partnered with CHOOOSE™️, a climate technology company that provides a cutting-edge Software-as-a-Service (SaaS) platform to help partners access carbon emissions information and trust. We’ve made it possible to provide seamless access to the information you need. climate solutions.
About Mumtalakat:
Mumtalakat is the kingdom’s sovereign wealth fund. bahrain. With a mission to increase the wealth of bahrain Through long-term investments based on sound financial, strategic and governance principles, Mamtarakat has established a portfolio of over 50 companies across various sectors including industrial manufacturing, financial services, telecommunications, real estate, logistics, consumer products and healthcare. Owns stock in commercial companies. And education.
For more information about Mumtalakat, please visit www.mumtalakat.bh.