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Public Profile
Financial Intermediation
SA
updated 5 months ago

Saudi Technology Development and Investment Company

Company website

Saudi Technology Development and Investment Company, commonly known as Taqnia, is a leading player in the technology and investment sector, headquartered in Riyadh, Saudi Arabia. Established in 2010, Taqnia focuses on fostering innovation and advancing technology across various industries, including defence, energy, and telecommunications. With a commitment to developing cutting-edge solutions, Taqnia offers a range of unique products and services that cater to both local and international markets. The company has achieved significant milestones, including strategic partnerships and investments that enhance its market position. Taqnia's dedication to driving technological advancement positions it as a key contributor to Saudi Arabia's Vision 2030, making it a pivotal force in the region's economic diversification efforts.

DitchCarbon Score

How does Saudi Technology Development and Investment Company's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

20

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Saudi Technology Development and Investment Company's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

16%

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Saudi Technology Development and Investment Company's reported carbon emissions

Saudi Technology Development and Investment Company, headquartered in Saudi Arabia, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges associated with the company. As a result, the organisation's climate commitments and initiatives remain unclear, and there is no inherited emissions data from a parent or related organisation. Without specific emissions data or reduction initiatives, it is challenging to assess the company's environmental impact or its commitment to addressing climate change. In the context of the industry, many companies are increasingly adopting science-based targets and sustainability initiatives to mitigate their carbon footprints. However, without concrete data or commitments from Saudi Technology Development and Investment Company, it is difficult to evaluate their position in this evolving landscape.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Saudi Technology Development and Investment Company's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Saudi Technology Development and Investment Company is in SA, which has a medium grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Saudi Technology Development and Investment Company is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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