Press Release

TAQA launches first sustainable development report

July 7, 2013, Abu Dhabi, United Arab Emirates – TAQA, the global energy company based in Abu Dhabi, has released its first annual sustainable development report. The report outlines TAQA’s approach and performance in 2012 as well as goals for workplace health and safety, staff development, environmental protection, community relations and industry partnerships.The report, entitled “Our contribution to sustainable development – Report 2012”, reinforces TAQA’s commitment to creating value for the long-term future while acting responsibly, protecting its employees, being active in the community, minimising the impact on the environment and remaining the partner of choice in its chosen markets through trusting relationships with business and governmental partners.His Excellency Abdulla Saif Al-Nuaimi, TAQA’s Vice-Chairman, said: “It gives me great pleasure to see TAQA integrate these key sustainability drivers into the organisation’s strategy and at the same time supporting sustainable development reporting in Abu Dhabi. This report is crucial to achieving TAQA’s long-term goals through its support of the Abu Dhabi Economic Vision 2030. TAQA is Abu Dhabi’s premier international energy and water operator, a position which it has attained by being an excellent neighbour and always striving for excellence.”Carl Sheldon, TAQA’s Chief Executive Officer, said: “At TAQA, safety and sustainability are two of our core values and are at the forefront of how we do business. Energy is the lifeblood of any developing economy and by delivering it safely and securely to millions of people worldwide TAQA improves quality of life. We welcome our stakeholders’ feedback in assisting TAQA in becoming a regional forerunner in sustainable development reporting.”Key highlights of the report for the 2012 financial year include:The report also includes an interview with Dr Saif Al Sayari, Head of Energy Solutions Division business stream and Chairman of the TAQA Sustainable Development Committee, on the company’s role in developing solutions to meet growing demand for energy.The report was produced with reference to several internationally-recognised reporting frameworks and with the support of the Abu Dhabi Sustainability Group which promotes sustainability management in Abu Dhabi.The report is available for download in English and Arabic at: www.taqa.com- ENDS – Contact Information: Abu Dhabi
Taryam Al Subaihi
Head of External Communications
Tel +971 2 691 4803
Mob + 97156 219 5195Allan Virtanen
Head of Media
Tel +971 2 691 4894
Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: power generation & water desalination; oil and gas exploration & production; and emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power businesses are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration, development and production, underground gas storage and midstream infrastructure.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation.TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi Economic Vision 2030, working towards sustainable economic development.For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL