Saudi Technology Development and Investment Company Sustainability Profile
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.
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.
Industry Benchmark
Saudi Technology Development and Investment Company's score of 20 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is identified as a current subsidiary and inherits its climate commitments and data from its parent organization, Saudi Technology Development and Investment Company, at a cascade level of 1. Despite the lack of specific emissions data, the company has not outlined any documented reduction targets or climate pledges. This suggests that while the organisation may be engaged in sustainability initiatives, detailed commitments or measurable targets have not been publicly disclosed. In the context of the industry, it is essential for companies to establish clear climate commitments and reduction targets to align with global sustainability goals. As the landscape of corporate responsibility evolves, stakeholders will likely expect more transparency and accountability regarding carbon emissions and climate action from Saudi Technology Development and Investment Company.
How Carbon Intensive is Saudi Technology Development and Investment Company's Industry?
How Carbon Intensive is Saudi Technology Development and Investment Company's Location?
Saudi Technology Development and Investment Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Saudi Technology Development and Investment Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
