Oman Cables Industry (OCI), along with its strategic partner Prysmian Group, unveiled its vision for a sustainable future, at an event held in Muscat
The Sustainability Day event brought together industry leaders from across the GCC region, under the theme 'Going Green, Going Digital'. Through insightful discussions, experts explored the latest trends in embracing sustainable transformation within the industry. Oman Cables Group has identified 50 projects over the next three years and dedicated investments have been approved for 2023.
In the opening address, Cinzia Farisè, Oman Cables CEO outlined the Environmental, Social and Governance (ESG) approach. This was followed by COO Muhannad Al Lawati, who detailed Oman Cables Climate Ambition, outlining the organisation’s projects to combat climate change. The Social Ambition was illustrated by CSO Giancarlo Esposito, with numerous projects and specific KPIs in terms of diversity and inclusion. The last chapter was dedicated to Innovation4Sustainability, with an excursus of main innovation and innovative projects of a company that recently established in Oman the Renewables Excellence Center – solar, wind and hydrogen, for the entire region.
Cinzia Farisè, CEO, said, “Sustainability is at the heart of our business strategy and through innovation, decarbonisation and customer-centricity, our technology plays a key part in the energy and digital transition processes. We engage stakeholders, prioritise the entire value chain and continuously innovate to anticipate customers’ needs. With a circular economy focus and an inclusive work environment, we are committed to driving positive change. As we align our efforts with Oman Vision 2040 and the nation's net-zero emissions goal by 2050, we are determined to create a sustainable world that thrives economically while safeguarding our environment for future generations.”
OCI aims to cut scope 1 and 2 emissions by 47% and scope 3 emissions by 28% by 2030, compared to baseline of 2019. Long-term goals involve achieving a 90% reduction in scope 1 and 2 emissions by 2035 and scope 3 emissions by 2050. The group is also advancing a circular economy roadmap, prioritising sustainable revenue streams and increasing the use of recycled content.
Oman Cables has also set targets to enhance gender representation in the workforce and aims to participate effectively in the Prysmian Group target to increase the percentage of women to 47-49% by 2025 and 50% by 2030.