Abu Dhabi National Energy Company, known as TAQA, is a government controlled energy holding company of Abu Dhabi, United Arab Emirates founded in 2005. As a global company TAQA aims not only to create jobs and make profits, but also be a responsible employer and corporate citizen.
TAQA introduced some ethical values to the energy industry. TAQA employs people across the world from 41 nationalities. In terms of competition, TAQA in its fourth year excelled as one of the best performing companies in the region based on training & skills development, employee communication, and work atmosphere. TAQA signed an agreement with LRN, a company that helps businesses develop ethical corporate cultures. This means that TAQA is interested in performing successful corporate ethical environment.
It also supports communities through many projects that include more people than just those who work for them. In 2008 they prioritized health and education initiatives that were directly beneficial to our local communities.
Among competition, TAQA signed an agreement with atmosfair, a German non-profit organization, to make up for all their greenhouse gases caused by the company’s business air travels starting in January. “TAQA is the first corporation headquartered in the Middle East to commit to offset its flight emissions with atmosfair, said a company official.”[1] Now, there are more companies willing to help clean the air. Since much of their wealth comes from oil and gas interests, the funds set up by nations from Norway to the Middle East and China would be surpass their image by helping finance clean energy projects.
With new innovations not in drilling or technology advances, but also on humanistic purposes such as valuing employees and helping up communities, companies standout from all others. It is incredible hoe TAQA is willing to improve the well being of the environment relating to this German organization to make up for the greenhouse gasses.
I think it's interesting how you bring up TAQA's commitment to ethics across cultures. Though the company is young, they seem to be succeeding in fostering an ethical environment with sound business practices. By trying to be a leader in the field of green business and ethical practices, TAQA is putting itself in a great PR position and is overall crafting a good public image. It will be interesting to see their successes/failures in these departments over the next 10 years.
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