Proceeds from the bond offerings will be deployed towards projects in the renewables sector, namely solar, wind, renewable power transmission and distribution infrastructure, and battery storage assets
The healthcare firm’s climate pledge is a decade before the deadline by when the world must reach net zero if it is to achieve the Paris Agreement goal
Sectors such as power and water generation, heavy industry, transport, waste, buildings, and agriculture will reduce emissions as per specific sectoral targets
The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables
It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters