The Middle East’s

1. stc Group

Established: 1998
Headquarters: Saudi Arabia
Group CEO: Olayan Mohammed Alwetaid

In November 2022, stc and Nokia signed an MoU to collaborate in the areas of climate, society, digitalization, and the future of work to reduce carbon emissions and promote sustainable practices, which will help stc save 805 MWh energy and bring CO2 emissions down by 570 tons annually. In June 2023, at a voluntary auction, the stc Group acquired carbon credits that are CORSIA-eligible and Verra-registered. The carbon credits include 18 projects. Three-quarters of the carbon credits originate from countries across the Middle East, North Africa, and Sub-Saharan Africa.