Muscat: Asyad Group has secured the fourth position as the largest sustainable logistics and transportation company in the region, according to Forbes Middle East's Sustainability Leaders list. This recognition underscores their dedication to implementing sustainable technologies and practices across their various business units, contributing significantly to the development of a sustainable future in the Sultanate of Oman.
Forbes Middle East's Sustainability Leaders list features companies from the Middle East region actively engaged in sustainable transformation, economic diversification, and the reduction of traditional reliance on fossil fuels. The list is categorized into 11 primary sectors and is evaluated based on several key factors, including a company's positive environmental impact, the transparency of their sustainability reporting, related sustainability initiatives, and cross-sector partnerships for sustainability, along with a clearly defined plan for achieving net-zero emissions.
Since its inception in 2016, Asyad Group has championed the development of an advanced and integrated logistics system, setting a standard for efficiency and sustainable growth. Their unwavering commitment to achieving net-zero carbon emissions by 2050, in line with Oman's strategic plan, has led to sustainability becoming a top priority within their organizational strategy and culture. As a result, they have been consecutively ranked on Oman's sustainability index for two years.
In 2022, Asyad Group introduced a robust framework for environmental, social, and corporate governance standards, forming an essential core in their business transformation. This framework is centered around four key areas: environmental leadership, fostering a thriving work environment, community engagement, and promoting sustainable growth and governance.
The group's tireless efforts and sustainable growth have culminated in their impressive fourth-place ranking in the list of the top 10 logistics companies in the Middle East and North Africa, solidifying their global standing. The group has also actively implemented significant sustainability initiatives across their business units, fostered partnerships, and spearheaded joint projects.
Through their maritime subsidiary, Asyad Maritime, the group achieved a notable milestone as the first company in the Middle East and North Africa to secure a $35 million sustainable-related shipping deal. This groundbreaking transaction has established a framework for tracking performance in alignment with the United Nations Sustainable Development Goals and energy efficiency indicators.
Asyad Group has forged collaborations with both the public and private sectors, partnering with academic institutions to develop a comprehensive report on green hydrogen. This report explores the potential of green hydrogen in Oman, with a specific focus on the group's substantial efforts in laying the foundation for the burgeoning green hydrogen and ammonia industries on a global scale.
The unwavering commitment of Asyad Group to the green transition and the reduction of carbon emissions is further exemplified through their active participation in sustainability-related discussions and events, both at the local and international levels. Additionally, the group has demonstrated its dedication by becoming a signatory to the United Nations Global Compact for Positive Impact.
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