Asyad Group, the globally integrated logistics provider in Oman, has been recognized as the fourth most sustainable company in the transport and logistics sector within the region, as per the Sustainability Leaders list by Forbes Middle East.
This esteemed ranking underscores the group's dedication to implementing cutting-edge technologies and sustainable practices across its business divisions, contributing significantly to Oman's sustainable development.
Forbes Middle East's Sustainability Leaders list acknowledges companies leading the transformative sustainability and economic diversification movement in the Middle East. The list is categorized into 11 key sectors, considering several factors in its evaluation, such as a company's positive environmental impact relative to its size, transparency of sustainability reporting, sustainability-related initiatives, cross-sector sustainability collaborations, and a clear roadmap towards achieving net-zero goals.
Since its establishment in 2016, Asyad has established a state-of-the-art integrated logistics ecosystem renowned for its efficiency and sustainable growth. With a steadfast commitment to Oman's target of achieving net-zero emissions by 2050, the group has prioritized sustainability within its business strategy and culture, earning it a Gold Rating on the Oman Sustainability Index for two consecutive years.
Asyad Group has emerged as a prominent example of sustainability-focused organizations in Oman. In 2022, the company developed a robust ESG (Environmental, Social, and Governance) framework and integrated it into its core business transformation. This framework encompasses not only decarbonization but also focuses on four key areas: environmental leadership, a thriving workplace, community engagement, and robust governance for sustainable growth.
Asyad's journey of rapid and sustainable growth has led to its impressive ranking as the fourth-largest logistics company in the MENA region on Forbes Middle East's list of the 10 Biggest Logistics Companies. This showcases the world-class capabilities of Asyad's integrated logistics ecosystem. In addition to its diverse logistics functions and integrated solutions, Asyad has implemented significant sustainability initiatives across its business units, partnerships, and joint ventures.
Through its shipping subsidiary, Asyad Shipping, the group secured a groundbreaking sustainability-linked shipping deal worth USD 35 million, establishing a framework to track performance against the United Nations Sustainable Development Goals (UN SDGs) and the Energy Efficiency Operating Index (EEOI).
Furthermore, Asyad has collaborated with the Omani government, academia, and the private sector to produce a pioneering hydrogen report, exploring the potential for green hydrogen in Oman. This report underscores the group's unwavering commitment to laying the foundation for the emerging hydrogen industry through significant international joint ventures related to green hydrogen and ammonia.
Asyad Group has consistently demonstrated its commitment to green mobility and decarbonization by participating in prominent local, regional, and global sustainability discussions, conferences, and events, as well as joining the United Nations Global Impact pact.
Asyad's inclusion in Forbes Middle East's Sustainability Leaders list highlights its pivotal role in shaping Oman's sustainable future and celebrates its remarkable achievements in establishing Oman as a global hub for integrated logistics and sustainable investment.