Environmental Stewardship
Empowered Workplace
Governance & Ethics
Community Support
Being a responsible corporate citizen is part of our corporate DNA as we believe business plays a key role in creating sustainable and scalable economic, environmental and social value.
We have integrated a comprehensive Sustainability Strategy into our core business operations and investment activities that aligns with stakeholder expectations and industry best practices.
We ensured that our ESG Framework aligns with the most renowned international frameworks, including the United Nations Sustainable Development Goals, the Principles for Responsible Investment, and Stakeholder Capitalism framework by the World Economic Forum.
As part of our Sustainability Strategy, we have committed to integrating sustainable practices within all our operations and investment activities. To put these ambitions into practice, a holistic, organisation-wide ESG Framework was developed in 2022. The Framework consists of two distinguished focus areas: Sustainable Operations and Responsible & Impact Investing each with four respective pillars.
Entails integrating, measuring, and managing ESG factors across our operations by applying our core values of integrity, collaboration, excellence, innovation, and good citizenship.
Focuses on integrating sustainability factors into investment decisions, alongside expected financial returns.
Record net profits increased by 85.2%, in 2022, to USD 129.8 million
High quality diverse portfolio assets of USD 3.4 billion
Led by a progressive board and capable management team dedicated to enhancing value for all stakeholders
Calculated Ominvest’s carbon footprint for the first time which included three (3) categories of Scope 3 emissions
24% reduction in Fuel Consumption
72% of employees in leadership positions are Omani
Introduced an organisation-wide Sustainability Strategy
Approval of an ESG Framework focusing on Sustainability Operations and Responsible & Impact Investing
Integrating ESG practices into our internal operating policies
Introduced a comprehensive Sustainability Policy
Integrated ESG responsibilities in NREC terms of reference
Appointed ten (10) ESG Champions across Ominvest Group
Alignment to all six (6) PRI Principles
Incorporation of Responsible Investing Strategy in the Investment Policy
Introduction of KPIs for Responsible Investing
We have also appointed ten “ESG champions” across the Group to manage and implement ESG efforts and initiatives. All champions have undergone comprehensive ESG training in 2022. The series of training sessions concluded with a 32-hour “ESG Champions” Training Course for those ESG leads. Through these training sessions, we aimed to build internal capacities and raise awareness of the importance of ESG integration at Ominvest.
To read more about our ESG Journey, you can visit the following links:
