Omantel strives each day to be more ambitious in its sustainability commitments, integrating it into the Company's decisions and activities, and uncovering new opportunities to drive meaningful change for its people, customers, communities and environment.
Omantel's sustainability strategy is driven by its Sustainability Framework, which was most recently updated in 2023. The Sustainability Framework comprises four pillars, each aligned with United Nations Sustainable Development Goals (UNSDGs), enabling Omantel to implement high-impact initiatives that address identified ESG considerations, while contributing towards meeting the Sultanate's ambitious Vision 2040 targets on a national scale. The structured guidance provided by the Framework enhances transparency and accountability, aptly reflected in this disclosure report.
The Framework guides us in identifying, prioritizing, and managing environmental, social and governance (ESG) risks and opportunities, allowing us to define and formulate relevant metrics to track progress.
Engage in active environmental stewardship
An Environment with Sustainable Components
Have the highest level of governance and ethics
Responsible State Agencies
Enable the progress of Omani society by building a digitally competent and connected community
A Society of Creative Individuals
An Environment with Sustainable Components
Become Oman's employer of choice
A Society of Creative Individuals
A Society of Competitive Economists
In line with the GRI Standards, Omantel conducted a comprehensive Materiality Analysis in 2023 to identify the most pressing ESG topics impacting our ability to generate long-term value. Through stakeholder engagement and peer benchmarking, we identified 17 high-impact material topics across both financial and non-financial areas, including climate resilience, data governance, and digital inclusion.
A 2024 internal review confirmed their continued relevance; however, with Omantel's growing regional presence and evolving stakeholder landscape, a refreshed materiality assessment is scheduled for the upcoming reporting cycle to ensure continued alignment with emerging priorities and support informed, sustainable decision-making.
As Omantel network continues to scale and expand, the Company remains focused on breaking the energy consumption curve by improving its overall network energy performance. Energy and electricity consumption remain a core necessity of the telecommunication and technology sector, and the rapid pace of growth across the industry has seen a continuous demand for resources and energy. Along with the risks related with this progress, there are also untapped opportunities that Omantel continued to explore strategically during the reporting period.
In 2024, we marked a crucial milestone in our Net Zero Journey, with the successful development of its Decarbonization Roadmap during the year in review. Leveraged by Omantel's comprehensive digital transformation, the company will now advance forward with clear emission reduction targets and tailored decarbonization initiatives, with the overarching aim of meeting Omantel's ambitious 2050 Net Zero target in the long-term.
These emission reduction targets are aligned with global guidelines and such as the UN's Intergovernmental Panel on Climate Change (IPCC) and SBTi, Oman's Nationally Determined Contributions (NDCs) and targets, and overall, with Oman's Vision 2040 national roadmap