Project Decarb

In 2023, Mubadala partnered with Solutions+, a leading provider of shared services, to launch Project Decarb. This project involves us working closely with 16 of our UAE-based portfolio companies to help them develop and progress their decarbonization strategies. This effort was supported by the Mubadala Foundation to accelerate the alignment of our UAE-based portfolio with the UAE’s net zero ambition.

Project Decarb was a significant portfolio engagement effort from Mubadala. The company actively partnered with UAE assets to help integrate climate-related risks into strategic decision-making and support them on their transition journeys.

The initiative involved:

Conducting in-depth energy audits for all companies.

Measuring the carbon footprint across all emissions and all scopes

Assessing the most effective and feasible carbon reduction initiatives to develop a comprehensive list of implementable projects.

Evaluating financial impact of projects to develop an internal blended finance model that: (1) incentivizes companies to execute financially viable projects, and (2) leverages focused concessionary capital from Mubadala Foundation to support projects with lower returns.

The energy audits enabled us to identify short-, medium- and long-term decarbonization opportunities, and led to more than 160 decarbonization initiatives being identified across Mubadala’s UAE-based portfolio companies.

This process demonstrated that proactively managing and implementing decarbonization measures can yield tangible value creation. Our real-life experience identified that most projects were financially attractive and indicates clear economic and decarbonization benefits from adopting a more comprehensive approach to incorporating climate and carbon considerations.

Other Case Studies

ESG Integration in the Investment Lifecycle

Stewardship

OPSWF & the One Planet Disclosure Guidance