Sustainable Progress In Bahrain

The report further said that by sticking to these standards, they will make the sale of the sector's products in domestic and foreign markets easier—while helping them increase industrial investment in the kingdom.

At a special seminar, Ali Alfardan, Head of Environment and Social Governance at Alba, Osama AlHadad, Acting Head of HSE at Garmco, and Patrick Pollmann, Group CEO of TAHA International, discussed environmental sustainability in Bahrain’s aluminium industry and mentioned the report.

According to the report, a particular focus was on Alba's progress in the areas of governance, sustainability, and the environment, as well as the company's related programmes and initiatives.

In talking about Alba’s significant progress, the report stated that these areas have laid down a marker for other Bahraini aluminium companies—as well as those operating in regional and international markets.

Key speakers at the seminar talked about how big industrial companies in Bahrain have made a lot of progress in implementing the idea of a "circular carbon economy." They also said that environmental and social governance is a key part of the strategy for the industrial sector from 2022 to 2026.

All of the work being done is part of the kingdom's plan to become carbon neutral by 2060.

The panellists noted that this trend will ensure the momentum of the industrial sector and its capacity to diversify revenue sources, as mentioned in the report.

The speakers talked about how important it is to use resources efficiently, especially water and energy, and how we need to move toward a carbon-neutral, green economy based on sustainable development.

 They also reflected upon the importance of adopting environment-friendly technology which provides an essential conduit for the industrial sector in terms of cost reduction and increased competitiveness, said the report.

According to the media report, the panellists noted that most international firms (particularly those in the industrial sector) are swayed by a variety of factors when it comes to identifying countries to invest in.

The speakers also talked about "green investments," which are becoming more and more popular and are now very common.

Renewable energy sources like solar power have become very popular as investors look for ways to make money that don't hurt the environment.

At the end of the report, speakers said that Bahrain is working on a number of important "green energy" projects and that there is also a "green shift" happening, which can be seen in the increased use of electric cars, green bonds (which fund projects to recycle waste), water treatment, etc. 

By Sumita Pawar