In a step that reinforces its commitment to environmental sustainability, Dubai Investments PJSC [DI], the largest investment company listed on the Dubai Financial Market [DFM], has announced that its headquarters building, Dubai Investments House has received the prestigious ISO 14064-1: 2006 certification, the first-of-its-kind by the company.
The ISO 14064 verification recognizes DI’s efforts to quantify and report the Greenhouse Gas [GHG] emissions’ inventory in accordance with ISO’s rigorous international requirements. The ISO audit and certification process was verified by KBS Certification Services.
The ISO certification is a testament to DI’s focus in adopting and implementing best practices towards environment and its commitment for conducting business in a sustainable manner. The certification follows a stringent audit by KBS to ensure DI’s conformity with ISO 14064 1:2006 requirements.
“Global warming is causing adverse environmental changes around the world and all major businesses have a responsibility to limit or offset the greenhouse gases they produce. Since our inception, DI has remained steadfast to our commitment to sustainability and we are extremely proud to receive our first ISO certification as recognition of our commitment to reducing CO2 emissions. With this certification, we reaffirm our commitment to measuring, monitoring and reducing our Greenhouse Gas emissions, now and in the future,” said Abdulaziz Bin Yagub Al Serkal, General Manager of DI.
KBS carried out its audit in conformity with ISO 14064-1: 2006 and verified the GHG inventory across all sources of its emissions at the DI House between January 1, 2012 and December 31, 2012. This included detailed measurements for the DI House building, covering electricity consumption, cooling load and domestic water consumption. Based on the extensive analysis, the company identified initiatives to reduce the CO2 emissions.
Jesus Gutierrez, Co-Founder and Managing Director at Smart4Power – the energy management company which coordinated the entire certification process, said: “We congratulate Dubai Investments for taking this bold and positive initiative towards combating climate change by establishing the verified GHG inventories. DI is among the first few companies in the UAE who have the ISO 14064 certification, which is a reaffirmation of the company’s commitment to help lower its environmental impact.”
The audit revealed emissions of 1,767 tonnes of CO2 equivalent, which is consistent with the agreed verification scope, objectives and criteria. Of this, 25.9 tonnes CO2 were from direct emissions (company-owned vehicles), 1737.8 tonnes CO2 were from energy indirect emissions (electricity, water and cooling load), and 3.3 tonnes CO2 were other indirect emissions (business travel, employee commuting, office and sewage waste).
Some of the benefits arising from the certification are that DI now has precise information on the emissions of the activities carried out by the organization; and the company is able to identify opportunities for GHG reduction, quantify future emissions derived from organic growth, as well as guide its environmental projects.