Empower CEO Named Among Forbes' Top Sustainability Leaders

In an era where sustainability is no longer just a buzzword but a necessity, the recognition of H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation PJSC (Empower), by Forbes Middle East as a top sustainability leader is both timely and significant. As the world's largest district cooling services provider, Empower plays a critical role in the Middle East's transition towards more sustainable energy solutions.

Ahmad Bin Shafar's inclusion among 107 leaders across 12 sectors underscores the UAE's leadership in sustainability efforts, with the nation contributing 54 entries to the list. This recognition is based on a comprehensive evaluation by Forbes, which considered various aspects of corporate sustainability, including environmental, social, and governance (ESG) initiatives, greenhouse gas emissions, and energy efficiency technologies.

Empower's district cooling systems are integral to sustainable urban development, especially in high-density areas like downtown commercial zones, airports, universities, and residential towers. These systems are not only energy-efficient but also reduce the carbon footprint, aligning with global sustainability goals.

Ahmad Bin Shafar's leadership and vision have been pivotal in driving Empower's success. His emphasis on the importance of government policies and local energy provider support highlights the collaborative effort required to achieve sustainability goals. Under his guidance, Empower aims to increase the adoption of environmentally friendly district cooling systems to at least 40% of Dubai's total cooling capacity by 2030.

This strategic vision, combined with Empower's robust operational framework, positions the company as a leader in the sustainability space. Investors looking at the long-term potential of Empower should consider the company's strong market position and its alignment with global and regional sustainability trends.

Given Empower's strategic initiatives and the growing demand for sustainable cooling solutions, the recommendation for investors is to buy. The company's focus on innovation and sustainability, coupled with its leadership in the district cooling market, makes it a promising investment for those looking to capitalize on the green energy transition.