Acquisition of 100% stake in GlassHouse (Türkiye-based cloud services) e& enterprise acquired 100% of GlassHouse, a Türkiye-based cloud services provider, for USD 57.8 million (AED 212 million). Expands e& enterprise capabilities in private cloud and managed services into Türkiye, Qatar and South Africa.
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Launch of Climate Transition Plan 'Ambition to Action' with SBTi-validated targets e& published its Group Climate Transition Plan, setting SBTi-validated near-term targets: 43% reduction in Scope 1+2 GHG emissions group-wide by 2030 vs 2022 baseline; 25% reduction in Scope 3 by 2030 vs 2022 baseline; net zero Scope 1+2 UAE operations by 2030; net zero group-wide Scope 1+2 by 2040; net zero Scope 1,2,3 by 2050. One of first in the region to publish such a plan.
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First-time external GHG assurance planned for 2025 e& announced that for the first time in 2025, an independent third party will verify/audit their emissions data. In 2024, no external assurance was in place for climate disclosures.
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Acquisition of majority stake in PPF Telecom Group (Bulgaria, Hungary, Serbia, Slovakia) e& acquired a controlling stake (50% +1 economic share) in PPF Telecom Group B.V. for initial consideration of EUR 2.38 billion (AED 9.4bn), adding ~12 million customers across Central and Eastern Europe. Creates e& PPF Telecom entity. Consolidated from November 2024.
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Climate Transition Plan includes comprehensive Scope 3 targets for first time e& released its Climate Transition Plan outlining comprehensive Scope 1, 2, and 3 climate targets — one of the first in the region to do so. Scope 3 data collection improving through supplier engagement via EcoVadis platform (Project Life Phase 1 completed).
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Renewable electricity procurement via PPAs and I-RECs, plus on-site solar e& pursues a multi-track renewable energy strategy to achieve 100% renewable electricity in UAE operations by 2030. In Egypt, a Power Purchase Agreement delivered 17% renewable energy usage. In the UAE, International Renewable Energy Certificates (I-RECs) are purchased to support the energy transition. On-site solar is being deployed across exchange and mobile sites, with installed capacity projected to generate 1,878 MWh annually and eliminate 0.6 million litres of diesel usage per year while reducing carbon by 2,490 tonnes. Renewable energy grew from 2% of total energy in 2022 to 7% in 2024 (272,284 MWh).
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Primary: Energy efficiency: free-air cooling, refrigerant replacement, generator decommissioning e& deployed free-air cooling across 886 sites in the UAE and began replacing refrigerants with lower Global Warming Potential (GWP) alternatives to reduce both electricity and Scope 1 fugitive emissions. In the UAE, 400 diesel generators were decommissioned in 2024. In Afghanistan, 112 sites implemented super-capacitor solutions, reducing fuel consumption by 604,000 litres per year. In Egypt, 2,500+ remote monitoring solutions were deployed. Energy efficiency is one of six strategies in the Climate Transition Plan addressing stationary combustion, electricity, mobile combustion and refrigerant categories.
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Primary: Fleet electrification: 102 EVs in UAE, Charge&go EV charging network e& is replacing its combustion vehicle fleet with electric alternatives. As of 2024, 102 electric vehicles are in operation in the UAE. Through its Charge&go initiative, e& has installed approximately 170 EV chargers across all Emirates and became the UAE's leading EV charging infrastructure provider. The initiative contributed to offsetting 1,760 tonnes of CO2 and displacing 304,000 litres of oil in 2024. Fleet electrification is one of six decarbonisation strategies within the Climate Transition Plan.
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Dependent: Supply chain decarbonisation via Project Life / EcoVadis supplier engagement e& launched Project Life at COP28 to drive supplier sustainability, targeting a 25% reduction in Scope 3 emissions by 2030 (SBTi-validated). Phase 1 (completed 2024) involved assessing the top ten suppliers' carbon reduction targets — seven of which are SBTi-aligned — and onboarding suppliers onto the EcoVadis platform. ESG principles have been embedded into procurement policies. e& is also engaging with key investee companies to align M&A transition pathways with decarbonisation objectives. Phase 2 begins 2025.
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Primary: AI-driven network optimisation to improve operational energy efficiency e& deployed over 1,100 AI use cases across its operations, including network energy optimisation, predictive maintenance, and automation of routine processes. RPA automates 180+ processes managing over 10 million transactions, saving 523,000+ work hours annually. AI-powered network forecasting and self-care solutions reduce unnecessary site visits and technical dispatches (13,664 prevented in 2024). Network efficiency improvements also support the trajectory toward reducing Scope 2 emissions from purchased electricity, which accounts for ~41% of e&'s carbon footprint.
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