Weather Forecast for Monday    Workshop on Real Estate Developments Sector Held    ACSAD Concludes Meetings in Cairo    Morocco and Iraq to the finals of Arab Futsal in Dammam on Tuesday    Saudi US Joint Exhibition on Photography Concludes in Tabuk    LuLu KSA unveils super digi-deals!    King Salman sends written message to King of Bahrain    Minister of Religious Affairs in Bangladesh Appreciates the Kingdom's Efforts in Serving Pilgrims    Saba Tawfik best player in WAFF Women's Futsal Championship Green team wins silver after losing to Iraq    Commander of Joint Forces Meets with Chief of Staff of Qatari Armed Forces    Madinah emir inspects preparations for pilgrims at Hajj terminal    Gareth Bale signs with MLS leaders Los Angeles FC    Saudi Stock Exchange Main Index Ends Trading Higher at 11,513 Points    Boris Johnson seeks to stay in power until the mid-2030s    Bangladesh marks opening of country's longest bridge    KAUST announces partnership with Ocean Aero for autonomous underwater vehicles    Saudi Arabia, Italy to hold Investment Forum on Monday    NCM expects rains in 4 regions this week    North Korea denounces US 'aggression' as it marks war anniversary    Saudi Exchange Announces its Intention to Launch Single Stock Futures Contracts on 04 July, 2022    Saudi Venture Capital Company Invests in First Venture Debt Fund    Monkeypox not presently a global public health emergency: WHO    Egypt to Host King Abdullah bin Abdulaziz International Award for Translation Ceremony Next October    Nearly five million students sit third-semester exams in Saudi Arabia    SOPC celebrates Olympic Day in Riyadh Sporting festival held at the Prince Faisal Olympic Complex    Iraqi Prime Minister Performs Umrah Rituals    Venice-based art exhibition sheds light on upcoming Saudi talents    Makkah Municipality offers animal sacrifices permitting service through Baladi platform    First Saudi-American Joint Exhibition of Photography held in Tabuk Region    Saudi Ambassador to Sudan Receives a Delegation of the Freedom and Change Forces "Reconciliation Group"    Gulf-US relations will rise on top of President Biden's forthcoming visit to Saudi Arabia, according to Saudi Press    Saudi Arabia announces investment opportunities in vaccines, vital medicines industry worth $3 billion    Saudi Taekwondo team wins 3 medals at Asian Championships    FIFA Accredits Saudi Football Association Among Expert Federations in VAR Tech    Blood transfusion at IMC for patient with complex condition qualifies him for surgery    Belgian blogger: Saudi Arabia is safer than America and Europe    Rupert Murdoch and Jerry Hall are to split: US media    SFDA Extends Period for Submitting Requests for Compliance Forms for Food Transportation during Hajj    Jeddah is Set to Host the Finals of World Boxing in August, Organizers Announce    Saudi National Olympic Team Crowned AFC U23 Asian Cup    Samrat Prithviraj: Why did a Bollywood film on a popular Hindu king fail?    Saudi Film "The Journey" Wins Best Experimental Film at Dutch Septimius Awards    Saudi Council of Senior Scholars slams Indian ruling party leader's remarks against Prophet    Drug charges dropped against Shah Rukh Khan's son    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

STC Group CEO: There is a great deal the telecom industry can do together to contribute to a low carbon economy
Published in Saudi Press Agency on 30 - 06 - 2021

STC Group CEO Eng. Olayan M. Alwetaid confirmed STC's commitment to providing a service, which is as environmentally friendly, to adopt integrated sustainable practices into every aspect of our business.
"We understand that as a MENA digital enabler we have a duty to our country in Saudi Arabia and to our customers to ensure we are operating in a sustainable manner", Alwaetaid said while speaking in ''We Act For Impact" panel discussion during MWC Barcelona 2021.
He was among environmental experts and ICT infrastructure development leaders who met to discuss sustainability progress at the Green Agenda during the Mobile World Congress (MWC) Barcelona 2021.
Through open dialogue, the panel discussion asked ICT industry leaders to assess the latest progress on the remaining obstacles and positive actions needed to address the climate crisis, particularly as the mobile industry is one of the most advanced in terms of laying out its commitments towards net zero by 2050.
Alwetaid gave his thoughts on a number of environmental issues in the debate, stating that STC has been playing a pivotal role in Saudi Arabia's digital transformation, which has seen the Kingdom launch of a number of digital projects including the roll out and implementation of STC advanced 5G technology.
He said: "STC is committed to reducing its carbon footprint and become a green network operator, and we have taken several steps to achieve this goal and reach Net Zero. We have developed a Sustainable Energy Framework designed to take us through 2030. These steps will reduce our energy consumption and will include better energy management, monitoring, and reporting with clear benchmarks and KPIs. We will also develop renewable energy generation at our campus and facilities throughout Saudi Arabia. What's more, we will ensure energy efficiency in our existing buildings and assets and finally new buildings will be designed and built with energy-saving features."
He added: "Saudi Arabia has committed to generating 50% of electricity through renewable resources by 2030 and reaching the environmental targets organizations are expected to collaborate and work together to achieve within KSA's sustainability goals.
Eng. Alwetaid was asked about the collaborations STC has planned with its investors. He replied that "Stakeholder engagement is an integral part of our approach. By engaging with our key stakeholders, we make sure that we address the issues of most importance to the business, both in our strategic approach and in our reporting. We have made excellent progress in aligning our disclosures with international standards such as GRI, SASB, national standards, and the requirements of sustainability indices and rating agencies."
He went on to say, "First and foremost, mobile communications are the key enabling factor in SMART technologies and applications; it enables IoT and AI-based infrastructures through high-speed connectivity and low-latency, real-time edge-computing applications. At STC, we also plan to reduce emissions through a combination of engagements with our partners in the value chain and by developing e-services that reduce carbon emissions by providing services over the mobile network."
STC is playing a big role in the digitalization of KSA, in line with the Saudi National Vision 2030, the aim of which is to make the Kingdom an industrial powerhouse. STC is also fully in support of the Saudi Green initiative , the world's largest afforestation project, with the aim to plant 50 billion trees, including 10 billion in Saudi Arabia.
"The government has set a clear strategic vision with broad goals and it's important for private sector leaders to be in alignment with the objectives and goals of the public sector," said Alwetaid during the discussion. "For this to happen and lead to a green digital recovery, the government has managed to establish a framework of investment incentives including financial support for R&D and scale up. For its part, the private sector must step up and leverage this opportunity with an eye to the future''.

Clic here to read the story from its source.