Bapco Energies reaffirms climate ambitions at GWECCC 2023

TDT | Manama            

The Daily Tribune – www.newsofbahrain.com

Bapco Energies participated at the opening ceremony of the Global Water Energy and Climate Change Congress (GWECCC) held under the patronage of Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister.

The event, which saw the participation of regional and global energy leaders, was held from the 5th to the 7th of September 2023, and under the theme “Water Sustainability and Energy Transition: Implications on GCC and the World.”

Bapco Energies Chief Executive Officer, Mark Thomas, participated in a leadership panel addressing the energy trilemma. He stated: “In the past month, we have expanded our financing capabilities, proudly launching our Sustainability Linked Finance Framework in partnership with Standard Chartered Bank.

In doing so, we became the first national oil company in the world to directly link financing to our decarbonization targets, encompassing Scope 3 emissions.” Bapco Energies will also be introducing three new ventures.

These will focus on maximizing enterprise value through investments in cutting-edge technologies and renewable energy, demonstrating the numerous collaborative opportunities within Bahrain’s flourishing energy sector.