Y.K. Almoayyed & Sons has been recognized by HSBC for excellence in sustainability, as part of the HSBC Sustainable Business Accelerator 2024 programme. This programme is delivered by Diginex and is designed to help companies start their ESG reporting journey, identifying business-relevant KPIs, and calculating their GHG footprint. This accolade underscores the company’s commitment to integrate measurable ESG (Environmental, Social, and Governance) strategies across its operations.
The recognition acknowledges Y.K. Almoayyed & Sons’ efforts in sustainability. Currently, the company has achieved 43% of its energy needs through renewable sources, with a solar output of 3.74 million kWh annually. This significant milestone reflects Y.K. Almoayyed & Sons’ dedication to sustainability and positions it as a trailblazer in renewable energy adoption. Moving forward, the company aims to achieve 100% net-zero energy consumption in the coming months. These initiatives set a benchmark for sustainable energy transition within Bahrain.
Representing Y.K. Almoayyed & Sons, K.L. Srinivasu, Group Manager – Corporate Purchase, received the honor from Jennifer Chammas, Regional Head of Sustainability for Commercial Banking MENAT at HSBC, in the presence of Mark Blick, CEO of Diginex, Jessica Camus-Demarche, and other distinguished officials
Y.K. Almoayyed & Sons remains steadfast in its mission to embed impactful ESG strategies across its operations, contributing to more sustainable future. This honor highlights the company’s ongoing efforts to set benchmarks for corporate responsibility and sustainability in Bahrain and beyond.