• 13 Jul 2009
  • Global

TAQA joins initiative to fight corruption by supporting Transparency International

Abu Dhabi, UAE – TAQA has recently joined global efforts to improve transparency and accountability by supporting the work of Transparency International (TI), the global civil society organization leading the fight against corruption. TAQA is the first corporation headquartered in the Middle East to join the network of Global Corporations for Transparency International (GCTI), and hopes that this relationship can inspire and educate others in the region on the many anti-corruption measures promoted by TI.TAQA’s CEO, Peter Barker-Homek, comments on the membership: “TAQA has always emphasized the importance of transparency and good governance. Supporting TI is a natural step for TAQA to take a stand and contribute to efforts for doing business ethically and transparently.”TI’s global network of chapters is active in many countries where TAQA operates. This signifies a solid resource for guidance on preventing and dealing with corruption. TAQA is optimistic that this cooperation will help it to set and maintain high levels of transparency and accountability in the company’s global energy operations.TI’s mission is to “create change towards a world free of corruption”. TAQA hopes to not only provide institutional support towards this organization but also to harness and extend some of the best practices that TI both stands for and guides.As part of its participation in the Global Corporations for Transparency International (GCTI) initiative, TAQA has committed to donating 150,000 Euros per year for three years to support TI’s global work.“This generous contribution from TAQA recognizes the importance of Transparency International’s work to reduce the devastating impact of corruption on millions of people around the world,” said TI’s Managing Director, Cobus de Swardt. “We are grateful for this support, which represents a significant commitment to the fight against corruption and which could further dialogue in this area in the Middle East.”TI and its national chapters work with governments, business, civil society and other key stakeholders around the world by conducting solid research on corruption and its typologies across different sectors, and by developing and implementing practical solutions to counter bribery.- ENDS -Contact Information for Media:Allan Virtanen
TAQA Media Relations, Abu DhabiTel +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 plants 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 and production, underground gas storage and pipeline transportation.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’s economic vision 2030, working towards sustainable economic development. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL

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