In today's competitive talent landscape, companies face a critical challenge: attracting and retaining the brightest minds of the next generation. A recent KPMG report has shed light on a concerning trend that could significantly impact your organisation's ability to secure top talent. The study reveals a stark disconnect between young professionals' aspirations and corporate realities in the realm of Environmental, Social, and Governance (ESG) initiatives. A staggering 66% of young professionals feel responsible for driving ESG impact, yet only a mere 10% believe they have the autonomy to take meaningful action. This disparity is not just a minor inconvenience—it's a ticking time bomb for employee retention and company prestige. Consider this: nearly half (48%) of young respondents would leave their jobs if their organization lacked commitment to climate and social impact. In an era where talent is the lifeblood of innovation and growth, can your company afford to lose almost half its promising young workforce? But fear not, for Webintelligency offers a comprehensive solution to elevate your company's ESG profile and, by extension, its appeal to highly talented workers: Cutting-edge ESG Research : Our in-depth analysis ensures your company stays ahead of the curve on sustainability trends, helping you make informed decisions that resonate with environmentally conscious employees. Mentoring Programme : We provide guidance on integrating ESG principles into your corporate strategy, empowering your young professionals to drive meaningful change. ISO Standards Affiliation : Our expertise in aligning your practices with international standards demonstrates your commitment to global best practices in sustainability. Bespoke Software Development : We create tailored digital tools that enable your workforce to actively participate in and track ESG initiatives, addressing the 43% of young professionals who cite technology as essential for engagement. . By leveraging Webintelligency's services, you're not just ticking boxes—you're cultivating a culture of sustainability that young professionals crave. You're transforming your organi z ation into a beacon for talent that seeks purpose alongside profit. Remember, in the words of Avery Johnstone, Global Decarbonization Hub Manager at KPMG International, "Young professionals stand to inherit the responsibility and capital allocation power needed to reach net zero as they ascend to leadership roles in these next pivotal years." By investing in ESG now, you're not just securing your company's future—you're shaping it. Don't let your company's prestige decline in the eyes of future talented employees. Partner with Webintelligency today and position your organization at the forefront of the ESG revolution. Because in the race for top talent, sustainability isn't just a buzzword—it's your competitive edge. Contact us now for more information at: webintelligency@gmail.com

IWA 48:2024(en) By Alan Zettelmann In a historic move towards a sustainable future, the International Organization for Standardization (ISO) has unveiled its highly anticipated framework for Environmental, Social, and Governance (ESG). This monumental launch introduces a globally harmonized system that redefines how organizations implement and report on sustainability practices, aiming to bridge the gap between corporate operations and sustainable development. What is ISO's ESG Framework? The new ISO ESG framework offers a comprehensive, high-level structure that integrates ESG principles into the very fabric of organizational culture. Designed to apply to organizations of all sizes and sectors, including small and medium enterprises (SMEs), the framework addresses key global challenges such as climate change, social inequality, and good governance. By aligning with the United Nations' Sustainable Development Goals (SDGs), the ISO ESG framework emphasizes transparency, measurable impacts, and accountability. This initiative aims to standardize ESG reporting and practices, tackling inconsistencies and enhancing trust among stakeholders, from investors and governments to communities and consumers. A Response to a Complex ESG Landscape The launch of ISO’s ESG framework is a timely intervention in a fragmented ESG landscape marked by competing standards and definitions. The framework sets out to simplify the complexities of ESG implementation and reporting, enabling organizations to align their strategies with universally accepted principles. "ISO's ESG framework is not just a tool—it’s a roadmap for embedding sustainability into decision-making and operations," said a spokesperson for ISO. "It equips organizations with the ability to measure progress, manage risks and opportunities, and ensure their actions lead to tangible, positive outcomes." Key Features of the Framework Integrated Principles:  Emphasizes equity, integrity, and evidence-based decision-making. Incremental Pathways:  Supports organizations at various stages of their ESG journey, from initiation to leadership in sustainability. Standardized Reporting:  Introduces Key Performance Indicators (KPIs) for measuring ESG performance, from greenhouse gas emissions to biodiversity impacts. Maturity Matrix:  Offers tools to assess and advance ESG maturity, fostering continuous improvement. Global Collaboration and Inclusivity Developed with the support of national standards bodies, including the Brazilian Technical Standards Association (ABNT), the British Standards Institution (BSI), and the Standards Council of Canada (SCC), the framework reflects a truly global effort. It addresses the unique needs of developing regions and provides accessibility for SMEs, ensuring no organization is left behind in the sustainability revolution. Transforming Business for Good The ISO ESG framework is more than a compliance tool; it’s a call to action for businesses to address environmental and social challenges. By adopting this framework, organizations can strengthen their competitive edge, attract investments, and contribute to a sustainable global economy. Looking Ahead The ESG framework launch marks the beginning of a new chapter in sustainable development. As organizations worldwide begin implementing this pioneering framework, the potential for positive change is boundless. From mitigating climate risks to promoting social equity, the ISO ESG framework is poised to become a cornerstone of responsible business practices. For more information on the ISO ESG framework, visit  ISO’s official website . Stay tuned for further updates on how this framework is shaping the future of sustainability across industries.

EXECUTIVE SUMMARY The IPCC - International Panel on Climate Change, recently released its timely report on climate change and global warming, a bleak snapshot of the current situation and a gloomy outlook for the foreseeable future, including a reference to the Middle East region and possible implications for our future and our children's future. The impairment of the sun's ability to return sun's rays into space is primarily attributed to emissions of gases that damage the texture of the atmosphere. The first report of "Intelligence Club" presents an ESG Research that comprehensively reviews the existing and future state of the renewable energy market in several European countries (Portugal, Germany, Iceland, Austria, Norway), a major African country (Sudan), and an important sultanate in the Middle East (Oman). Alongside the reflection of the current state in each country, the countries are compared in different aspects, based on accepted models. We found that all the countries we analyzed have a state plan for developing renewable energy-based infrastructure, aiming at 2050 or under. Addressing renewable energy applications for the benefit of agriculture development, we found that most countries designate part of the energy supply toward agriculture. In Oman, we found that there is a dedicated plan for future development. In analyzing the current situation, we found that most countries have identified and exploited renewable energy sources in their territory. However, bioenergy and geothermal energy are not the domain of all countries of comparison. Norway is an exporter of natural gas while Sudan does not know how to produce it efficiently. We found that in Oman, there is a process of developing wind energy, and in Sudan, there is a similar process aimed at geothermal energy. Germany should be named the World's No.2 after China in biogas-based energy production and utilization. The data indicate that in the countries of comparison, geothermal energy and bioenergy are opportunities for domestic development and foreign companies and organizations. In analyzing the current situation concerning the utilization of biodegradable energy sources, we realized that all countries use at one level or another Fossil fuels as well as coal. Some countries produce energy based on biomass, and Sudan still uses forest trees as a basic energy source. Analysis of main uses for renewable energy - it is evident that the emphasis is on electricity generation as well as for heating and industrial purposes. Some countries produce energy for land and sea traffic as well as agriculture, with an emphasis on Sudan, which is its main industry. In addition, there is a significant difference between the rate of renewable energy utilization and electricity generation in the most developed countries in Europe (Norway for example), and Sudan and Oman. The data indicate that in the field of the transformation of maritime and land and air transportation, there is still great potential for development, which constitutes opportunities for companies whose purpose is aimed at these areas. Comparing the size of the country to its population density, we found that although Sudan is a very large country relative to the other countries, followed by Oman and Germany, Germany Portugal, and Austria are the most densely populated. An examination of the cost of electricity to households and industry in the comparative countries shows that Germany, Portugal, and Austria are the most expensive for the household consumer. The comparison also indicates a clear difference between the price of electricity for households versus industrial use of electricity. In Oman, we found that electricity for the industry is more expensive than that of households. We understand from the data that electricity prices are high, in part due to the broad regulation of advanced countries regarding harmful emission quotas and the fact that Germany, where the price of electricity is highest, still uses a large scale of non-renewable energy sources. And in the same context of the country's level of development and modernity, all countries are in the range above 0.5 on the Human Development Index, at the lower end lies Sudan,0.51, and at the top end is Norway 0.957 We found that all countries, both the weakest and most developed, are related to UN international activities, whether as contributors to knowledge and capabilities or as recipients of assistance and guidance. This is also true of financial assistance from UN institutions and regional finance organizations, such as significant funds that Sudan receives from such entities and banking institutes in Africa. There is a clear difference between European countries, which are developed and cooperate with organizations such as the UN for the purposes of generating and passing knowledge and promoting projects, and African countries that are in a very disadvantaged position relative to Europe, which get a lot of attention from international aid organizations and large financing institutions. This represents an opportunity for Western companies interested in investing in renewable energy in cooperation with large organizations that can vouch for realistic ROI. Compiling the goals of the countries in comparison to renewable energy development, we found that most state programs are looking at 20-30 years upfront, this is probably based on the feeling that the energy transformation takes several decades to create a real market that relies mainly on, and perhaps only, on renewable energy. We found mutual key goals of reducing coal use, and emissions of toxic gases, along with many countries' reference to the energy effects on poverty, gender equality, costs for customers, and full electrification of all traffic. It should be noted that Sudan, which is on this axis of development, is a long way behind the rest, where we found that alongside the trend towards the development of renewable energy, a five-year plan based on coal and fuel was recently completed, with the clear aim of starting the country's industry (at all costs). We conclude from the data that the two primary sources of renewable energy countries put first in development, focus on solar and wind energy, followed by the development of waterpower energy and all other sources with a lower priority. This finding represents an opportunity for companies interested in developing their market with solutions for this type of renewable energy. In the short term, we suggest focusing on solar, wind, or hydraulic energy solutions. In the longer term, the opportunities are with the other renewable sources. FINDINGS AND INSIGHTS FROM THE COUNTRIES' COMPARISON BASED ON MICHAEL PORTER'S "DIAMOND" MODEL As mentioned above, the main analysis model for comparing the countries is a "diamond" model consisting of 6 criteria for the country's level of competition (4 "corners" and to which 2 more areas of influence were added). In the analysis of the countries, we "dismantled" the state reports according to the 6 criteria above. In addition, we extracted threats and opportunities the countries are facing. For each of the criteria, a ranking of the level of competition was given in the range of 1-7. In the last stage, the rankings of a particular country were summed over the criteria, and a rough estimate of the competitive state was given to all seven countries. Demand Characteristics - Customer Sophistication Level - Sudan Many customers are not connected to an electrical grid, and the consumption for heating and cooking is mainly from perishable sources with an emphasis on wood and biomass. Gender disparities prevent the development of women and the home economy and perpetuate the use of basic renewable energy sources for everyday needs. Sudan's population is mostly rural and scattered, not connected to a major power grid, therefore the goal is to produce local networks that will provide the basic energy for living conditions, agriculture, and local basic industry. The west of the country is characterized by local power grids and independent power plants and is mostly not connected to the state electricity grid. Most of the energy in Sudan comes from burning consumables (wood, biomass) for cooking and heating. The country is experiencing a rapid increase in energy demand from all sectors Demand Characteristics - Customer Sophistication Level - Oman Oman's growth economy is characterized by the government's focus on non-oil sectors. In addition, its population growth (GTR 2018) mainly contributed to a steady increase in demand. According to Oman's 7-year statement from the procurement and water company (OPWP), the combined demand of MIS, DPS, and other small and isolated systems may increase from 6,668 MW in 2017 to 10,072 MW in 2024 under its projected case scenario for demand forecasts from 2018 to 2024. Oman is fifth in production and at the peak of demand in the GCC region. The MIS covers most of the northern parts of the sultanate, serves about one million electricity customers, and consists of about 90% of the total demand for Oman's peak electricity. DPS covers the city of Salah and the surrounding areas of Dhafer Province, serving about 100,000 customers and contributing 10% of peak demand (OPWP 2018). Demand Characteristics - Customer Sophistication Level - Iceland Iceland's renewable energy sources are not only plentiful, relative to the size of the population, but they are also available at a relatively low price. For this reason, electricity prices in Iceland are much lower than in most other OECD countries. The Icelandic electricity market allows all consumers - whether individuals, businesses, public organizations, or industries that are intense energy consumers - to choose their electricity supplier. Transmission and distribution of electricity in Iceland remain under concessional arrangements and regulatory oversight of the National Energy Authority or ORKusto nun, under the Electricity Law and other relevant regulations. The NEA oversees aspects such as pricing (income ceilings and tariffs), quality, and supply security. Under Icelandic law, one power company can function as a generator, distributor, and supplier, however, an accounting separation is required between concession (power transmission in a particular area) and competitive activity. While consumers must use a distributor holding a concession to their region, the distributor does not have to be the same company as the supplier. Most of Iceland's electricity comes from less than a handful of manufacturing companies, but there are also several small power plants that feed electricity directly into a distribution system. Demand Characteristics - Customer Sophistication Level - Germany 4. Total energy consumption per capita is 2.7 percent lower than the average 5 percent of the AA country average. Home and industrial heating consumes over 50% of Germany's total energy consumption and is generated from fossil fuels (25%) and is therefore responsible for about 40% of carbon emissions. Buildings - In Germany, nearly 30 million structures are home to more than 80 million people. Birth rates are low and there is no great demand for new homes since the unification of the two countries, only nearly 20,000 homes a year. A significant portion of the energy consumption is not to produce electricity, but central heating energy intended for heating houses and buildings. Conversion to natural gas has helped reduce the emissions and pollutants that this industry emits. As for the loss of energy, only upgrading the structure can prevent it. Buildings are responsible for 40% of the emissions, because of architecture and improper construction. Part of the national energy building efficiency plan includes clogging nozzles and sealing walls and roofs. Transportation - A very small part of renewable energy production is consumed by transportation. Germany has set itself a goal of becoming the leading market and provider of electric mobility by 2020 as part of its long-term vision for zero emissions in mobility. Although the electricity market for transportation solutions is still in its infancy from a global perspective, domestic demand for electric vehicles is on the rise, and with it the growing demand for suitable infrastructure for charging vehicles and innovative solutions in the field. Demand Characteristics - Customer Sophistication Level - Portugal In 2019, electricity covered 25% of the total demand for final energy, 56% of the demand for building energy, and 25% of the energy in the industry. Household consumers pay higher taxes than industrial consumers. Demand Characteristics - Level of sophistication of customers - Austria Austria is stable in producing 1,425 petajoules, with energy demand at 1,362 petajoules in 2005 and 1,350 petajoules in 2016, and energy consumption at the edge stood at 1,101 petajoules in 2005 compared to 1,121 petajoules 2016. Demand Characteristics - Level of Sophistication of Customers - Norway 7. Norway is considered a young country, separated from Sweden in 1905. Norway is a large country with a population of 64 in the world and is about 324,000 square kilometers. Its population is about 5.5 million people in total. GDP per capita is about $63,000 and the human development index is 0.957. This index classifies Norway as the first in the world. Internal renewable energy customers concentrate on various uses, heating and cooking 16% of renewable energy, 36% for transportation, and 48% for the industry. In July 2020, electricity prices dropped below zero for one hour because of low exports of electricity and the start of the summer holidays. Over the past 26 years, the population of Norway has increased by 22%, and the value of the Norwegian economy has doubled. However, the final energy consumption on the Norwegian continent increased by only 12% in the same period. Ecosystem Characteristics and Supply Chains - Sudan . Solar energy is the first in development. It has been in partnership with European companies since 2010. Strong involvement of UN and African organizations to develop the solar field focusing on irrigation and local electricity supply. The country has 6 central hydraulic dams that provide a very high amount of energy to several parts of the country. In the field of geothermal energy, Sudan intends to learn from Kenya, the neighboring country, how energy should be generated from this source. Sudan's energy industry is made up mainly of government companies and entities, but there is supportive regulation that encourages cooperation with the private sector and international bodies. There are plans for capital projects on hydraulic and solar energy, but there are no suitable investors yet. Ecosystem Characteristics and Supply Chains - Oman The small DPC system serves areas in the south, which also have significant potential for wind energy. The rest of the country is supplied by the AEC mainly through 395 megawatts of diesel-based manufacturing plants. Natural gas is Oman's main fuel resource for electricity generation and related desalination facilities, provided by the Ministry of Oil and Gas in rural areas that mainly use diesel. Nearly a quarter of Oman's gas production is used as fuel for desalination and water facilities, and the rest is consumed by the country's industrial and petrochemical industries or sold for export. Due to the growth of the economy in Oman, domestic demand is rising and therefore the government feels the need to diversify its energy resources and ease the pressure on natural gas resources that are already limited. To realize the government's vision of long-term energy sustainability, Oman adopted its National Energy Strategy 2040, which sets the following goals for the electricity sector: renewable energy accounts for at least 10% of electricity output by 2025. UP to 3,000 megawatts of coal production can develop by 2030. Priority for improving the thermal efficiency of gas power plants. Explored other sources of electricity generation. The distribution and supply of MIS (The Central Energy Company in Oman) are carried out by three companies that own subsidiaries of AHC, namely MZEC and MJEC. Dhofar Power (DPC) owns, operates, and maintains the distribution network in the Dhofar area of southern Oman. DPC is currently a distribution and supply business entity operating in the Dhofar region. Ecosystem Characteristics and Supply Chains - Iceland Iceland's most rich energy company: Landsvirkjun owned by the Icelandic state. Orkuveita Reykjavíkur / Orka náttúrunnar owned by municipalities. HS orca is owned by Canadian company Altera Power and a group of Icelandic pension funds. Landsvirkjun: The state-owned Landsvirkjun company is by far the largest energy company in Iceland, providing about 75% of all electricity produced in Iceland (12.6 GWh) a year from (16.8GWh). Landsvirkjun is responsible for more than 96% of all hydro production in Iceland, and its share of electricity generation by geothermal power is about 11% of the total. Most of the electricity (80%) generated by Thesvirkjun is sold to high-energy industries through long-term contracts. the remaining 20% is purchased by public services and the operator of the Icelandic Gear System (TSO). Founded by the Icelandic parliament in 1965, it is an independent legal entity and is 100% state-owned, the Icelandic government guarantees all the company's loans. The finance minister manages ownership of Thesvirkjun and appoints all five board members and five alternative members. It currently owns 11 water power plants and two geothermal power plants with a combined capacity of nearly 1,950 MW. Most of the capacity is in waterpower (nearly 1,900 megawatts), while geothermal stations have a capacity of 63 megawatts. Landsvirkjun is also the main owner of the Icelandic transmission system operator (TSO), with a 65% share. The water power plants of Landsvirkjun produce about 95% of the company's total production, while geothermal power contributes about 5%. Landsvirkjun is accepting much of its revenues with foreign currency, because of widespread electricity sales to large foreign-owned aluminum nifts in Iceland. Therefore, the recent economic turmoil experienced by Iceland has not affected Landsvirkjun almost as much as most other Icelandic companies (the depreciation of the Icelandic currency did not have negative effects on Landsvirkjun's income). Landsvirkjun is one of Iceland's largest companies and now has more equity than any other Icelandic company. Orkuveita Reykjavíkur / Orka náttúrunnar: Orkuveita Reykjavíkur (OR), is a public service company that provides electricity and hot water for heating. It is the largest local electricity and heating provider for end users. The company's main service area is the Great Metropolitan Area of Reykjavíkur. ORs on power generation stations have a total capacity of nearly 450 megawatts. Most of the electricity from OR is generated in two geothermal factories that utilize high-pressure steam. Their capacity is 303 megawatts (Elliðaárstöð). In total OR generates nearly 3,000 GWh of electricity a year. Besides, it operates an extensive sewage system for the Reykjavik area, as well as several nearby municipalities. Each year OR produces and distributes about 85 million square meters of thermal hot water (for heating an entire district, swimming pools, and industries). The water from OR comes from low-temperature fields in the city and nearby, and the heat and power stations are integrated into the Stations of Nessjavellir and Hellisheiði. Coldwater is collected from reservoirs outside Reykjavik. Running geothermal heating companies starts in the 1940s. The city of Reykjavik is the largest owner with a 93.5% stake. HS Orca: HSOrca is Iceland's third power generation company, and until 2007 it was a publicly owned Icelandic state-owned company and few municipalities in southwestern Iceland. HS Orka operates two geothermal power plants, the Svartsengi station, and the Reikines Station, with a total capacity of 175 MW and generates about 1,350 GWh a year. HS Orca is also a major hot water supplier and owns several subsidiaries, including a third of the well-known Blue Lagoon. There are a few other small companies and services in Iceland such as HS Veitur, Norðurorka, Orkubú Vestfjarda, Orkuveita Húsavíkur, Rarik, and several other small companies. Importers and fuel distributors: Iceland currently imports all its hydrocarbon fuel, although there is a possibility of finding hydrocarbons on the Icelandic continental shelf soon. Several companies are specializing in importing and selling gasoline, diesel, and other oil products. The three main companies are Skeljungur, N1,, and Olíuverslun Íslands (OLÍS). Skejljungur uses the Schell brand, while N1 and OLÍS use their local brands. OLÍS and Skeljungur also operate self-service retail (under the Orkan brands). Previously, all three companies listed above had franchise contracts with three of the world's largest oil companies: Shell, Esso (Exxon Mobil), and BP. Today, however, Skeljungur is the only fuel retailer in Iceland that is still involved in a franchise partnership (with Shell). Therefore, foreigners traveling around Iceland will not recognize many well-known international fuel brands. Iceland has one common electrical transmission system operated by Iceland's transmission system operator (TSO). Iceland's market for electricity and supply production is under European Economic Area (EEA) rules. The EEA is based on a legally binding multinational economic treaty between the European Union (EU) and Iceland, Norway, and Liechtenstein. Just as in the European Union, the transmission, distribution, and sale of electricity in Iceland are subject to concession arrangements and specific regulatory oversight. Ecosystem Characteristics and Supply Chains - Germany Germany exports - more than 36% of Germany's electricity output comes from renewable energy sources - up from just 6% a decade ago. Export technologies: Germany is helping Saudi Arabia move to use renewable energies and abandon its dependence on oil by funding the construction of an electrolysis plant in its territory, which will be used to generate electricity free of polluting fuels. Supportive industries – Large energy aggregation systems will play a significant role in Germany's future energy infrastructure, even in the safe integration of large quantities of solar and wind energy in the existing network. Supportive technologies – In terms of long-term energy storage solutions, Germany has recently increased interest in Power to Gas technologies, and these technologies convert excess electric energy into gaseous fuels such as hydrogen and are included in the German government's energy storage and fuel strategies and future mobility. Ecosystem Characteristics and Supply Chains - Portugal The Portuguese initiative includes professional exposure to the issue, conferences, and drafting a joint statement to move forward the issue with a regional joint commitment. All oil, natural gas, and coal utilized for energy in Portugal are imported. Funding, the EU's economic recovery gives Portugal a valuable opportunity to achieve its ambitious energy and climate goals for 2030. The main areas: are capital-intensive programs related to energy efficiency in buildings and industry, the deployment of renewable electricity generation and support for infrastructure, electrification of transportation, buildings, and industry, and the production of sustainable biofuels and hydrogen. In August 2020, EIF and IFD launched PORTUGAL BLUE, a capital investment of EUR 50 million aimed at fostering the blue economy ecosystem in Portugal, providing financing to startups, SMEs, and Midcaps through venture capital and private equity funds. Private operators of two coal-fired power plants have announced that these plants will be permanently closed in 2021. In 2019, total public and private expenditure on energy research and development was 0.07% of GDP. In 2018, the government established a working group to analyze Portugal's tax system and ensure its alignment with the transition to carbon neutrality. Ecosystem Characteristics and Supply Chains - Austria Austria invests in strong and dynamic renewable energy infrastructure and optimization for existing infrastructure. Creating a safe environment for investment in renewable energy projects. Ecosystem Characteristics and Supply Chains - Norway Supply chains start in Norway and continue to Europe in a special pipeline built to transport oil and gas - these markets have risen and declined over time and have often experienced as much upheaval as in 2016 as oil prices fell. Norway is part of the inter-Nordic system, which includes Sweden, Finland, and eastern Denmark. Norway's transmission systems company, in collaboration with Dutch network company Tennet, completed Nordlanek in December 2020, which is an underwater cable of more than 500km,1,400 megawatts linking the Norwegian and German electricity markets directly for the first time. The North Sea Link, which is about 720km with a capacity of 1,400 megawatts, will connect the Norwegian market and the UK. Completion of what will be the world's longest underwater link is expected later this year. Overall, the capacity of connections between the Nordic electricity system and other systems is expected to increase by more than 50% by 2025. Market Strategy and Structure of Competition - Sudan Sudan's energy market is largely centralized and under government supervision. Since the state itself is not strong enough in knowledge and budgetary sources, most of the energy-themed competition is from external companies interested in investing in projects. The market is growing, and its strategy consists of internal and international cooperation aimed at developing and promoting projects. Market Strategy and Structure of Competition - Oman The country's largest network is the connected central system (MIS), which contains 17 power generators. The MIS is providing electricity to The Capital and six other provinces, mainly in the north of the country, and its water network covers Muscat, el Batina North, El Batina South, El Dahiliyah, and Boreimi, with plans to add El Dhara to this list. OPWP has announced plans to phase out three new solar energy installations and two new wind energy projects, aimed at providing a total of about 2,500 megavolts of renewable-based capacity including a 50-megawatt wind power project. (And in the Helenian Islands) until 2024 (OPWP 2018). The first independent power generation project (IPP), the 500MW Ibri II Solar IPP in Villayat Iberi in El Dheira province, is expected to run until 2021. The OPWP expects solar projects to contribute at least 30% of their installed peak. Possible locations for new wind energy projects include Deoper and Dokum. Market Strategy and Structure of Competition - Iceland Iceland is the world's largest producer of energy per capita and the largest electricity producer per capita, with about 55,000 kWh per person per year. By comparison, the EU average is less than 6,000 kWh. A license granted by the National Energy Authority is required to build and operate an electric power plant. The National Energy Authority is responsible for monitoring and regulating the compliance of companies operating under issued licenses. The government outlined a plan that examines the economic feasibility and environmental impact of each project before it is approved. Market Strategy and Structure of Competition - Germany Sophisticated energy market - starting in 1997, Germany's electricity market has officially opened to competition, following EU regulations. Market structure: In Germany, there is a separation between electricity transmission and electricity supply for homes, which helps develop the renewable energy market. Legislative reforms have funded energy sources and created competitiveness and competitive prices. In 1990, Germany passed a law to pay for the supply of electricity to the electricity grid from small producers who are also consumers. This is a transition from a centralized energy network - to the Internet of Energy, a decentralized power grid in which anyone can be a consumer and a manufacturer. Germany encourages the production of renewable energy not only through business players but through as many citizens as possible. It pledges to buy green electricity in long-term contracts at prices that guarantee a return on investment, in addition to a series of legislative actions and massive investments in the development of green technologies and the development of industry concerning renewable energy. Energy production: The renewable energy market is developing rapidly. In 2020, the total renewable energy supply was 42.2 Toe and 227 Twh, which is 14.1% of the total initial energy supply (TPES) and 35.3% of the total electricity generation from renewable sources. Renewable electricity generation, 70% of renewable electricity production is in private hands; manufacturers are farmers, communities, and cooperatives; only 6.7% of the renewable energy market is in the hands of the big four companies. Strategy: The goal of the German Energy Agency's (Energiewende) program, is to streamline the German energy system, whose sources are mainly supplied from renewable energy, without nuclear power generation (17 stations), by 2022, and without the use of coal, which is the main source of energy, by 2038. Taxation: German households pay $353 per megawatt for electricity, the third-highest rate among IAAF countries. Taxation accounts for 48% of the electricity price, and heavy industries pay less than households. Goals: Germany sets ambitious goals for reducing energy consumption, including streamlining production and transmission by 50%, cutting CO2 emissions by 80%, and increasing the share of renewable energy to 60% of total energy consumption by 2050, which is conditional on the capacity of the electricity grid infrastructure. Market Strategy and Structure of Competition – Portugal In 2019, external energy sources dependence was 74%. In November 2020, electricity and gas social tariffs were amended to cover all unemployment situations. Market Strategy and Structure of Competition - Austria Strategy - encouraging individuals, and companies in the private and public sectors to develop means of creating renewable energy, state programs, and state goals. In 2016, renewable energy accounted for 33.5% of the country's total energy production. Encouraging the production of solar and renewable energy in local households. Market Competition Strategy and Structure - Norway From a poor country compared to its neighbors, Norway in the 1960s slowly became an oil and gas powerhouse, with the discovery of oil and gas in the sea, north of the country. The largest oil field was discovered in 1969 at the time of the eruption of the energy crisis following the Arab embargo in the 1970s, and today 20% of Europe's oil and gas is supplied by Norway. Norway is a very rich country, the energy market depends on the oil and gas deposits, Norway knows it needs to be ready for the day after the exhaustion of the reserves, it is a competitive and capable country that supplies electricity to Europe. Norway has the lowest carbon emissions in Europe. Norway has 1,681 water power plants, which in 2020 provided 88% of the electricity supply. Norway has energy stockpiling technology, so it doesn't depend on climate change. In the second half of 2020, Norway exported 14 TWh of electricity, making it the largest electricity exporter in Europe. Norway has developed a prototype turbine, which served as the base for the Hywind wind powerplant off the coast of Scotland, the first to go into commercial production. construction of the 88-megawatt Hwind Tampen project began in October and is designed to provide 35% of the annual power needs of five platforms in the Gullfaks oil and gas fields. Norway's coastline is known for its stunning deep waters and fjords, but there are also possibilities for conventional wind energy utilization by building wind turbines. Characteristics of the place and area of the industry: Sudan North Sudan is Africa's third-largest country, the country is relatively young and has suffered for many years from internal tensions and brotherly war. The country is rich in minerals where biodegradable and renewable energy can be produced, as well as solar and wind potential. For the benefit of solar energy– the state is in the equatorial area, thus having many sunny days a year, and a very high level of radiation most of the year. In Sudan, there is a high potential for water power to be used to produce much energy. The country designates this source for creating power grids in areas where the state grid does not reach. Wind energy is highly used in the sea and mountains, and wind energy is favored for development, both to provide electricity to remote regions and as an engine to stimulate the country's entire renewable energy industry. Regarding natural gas, there are very large deposits of gas, but the state doesn't know how to take advantage of it. Most of it is wasted during the process of mining fuels. Characteristics of the Place and Area of the Industry: Oman The maximum demand for the OETC transmission system is usually on summer weekdays. Demand typically peaks from May to July, with the highest day temperatures and the most intense use of air conditioning units. Seasonal demand is expected to decline with new large industrial loads coming to the grid. Characteristics of the place and area of the industry: Iceland Natural hydrothermal resources have made Iceland the world's largest green energy producer per capita. Currently, hydrothermal resources supply almost 100% of Iceland's electricity consumption and about 85% of total initial energy consumption. Of all initial energy consumption, about 20% comes from waterpower and 65% from geothermal sources. This is the highest share in the world of renewable energy in any total national energy budget. The untapped economic potential for water power and geothermal power will continue to be Iceland's main source of growth. The total ability to generate the potential of Icelandic hydro-geothermal resources is estimated at 50TWh a year. Iceland has yet to realize its potential energy of wind, which could be important to the economy in the future. The green-fuel sector is small but growing. It produces bio-methane and green methanol, but for the most part, Iceland still imports almost all the fuel needed for vehicles, shipments, and planes, which may change as the international oil and gas industry is now taking the first steps in the search for hydrocarbons on the Icelandic continental shelf. Characteristics of the place and area of the industry: Germany Total electricity generation in Germany is 644 Twh, the total energy source segment is: 37% coal, 12% nuclear, 13% natural gas, 1% oil, 17% wind, 9% bioenergy, 7% solar, 3% hydro, and 0.5% geothermal. Wind source: Germany has more than enough renewable energy, but this is scattered over a wide area, and not concentrated in one place, most of the electricity from a wind source is produced in northern Germany and most of the demand for consumption is in cities and industrial centers in the south and west of the country. About 1.6 million solar farms with a total capacity of 43GWp have been installed in the last 27 years in Germany. The energy efficiency boom has created nearly a million jobs in Germany in the past 20 years, exporting the knowledge they have acquired and the products they have developed to meet energy efficiency standards such as developing systems for monitoring the loss of compressed air, and adaptations to existing electric motors. Characteristics of the place and area of the industry– Portugal Climate impacts pose a threat to waterpower generation in Portugal. There is no domestic production of oil, coal, or natural gas. 100% of the fuel supply is imported. The main program supporting industrial energy efficiency is SGCIE, which requires energy audits and strategies to reduce energy requirements from high-energy facilities. 70% of the country's total electricity is generated from more renewable and environmentally friendly energy, and in recent years the state has managed to reduce the use of coal by 29%. The National Hydrogen Strategy (EN-H2) sets a target for hydrogen derived from renewable energy to cover 1.5-2.0% of Portugal's energy consumption by 2030, with industrial use, maritime and land transporting, and injecting into the natural gas grid. Characteristics of the place and area of the industry: Austria Austria also has the option of using hydro and water sources, solar energy, and power plants. Characteristics of the place and area of the industry: Norway Norway is the largest exporter of Solomon fish to the world, probably because it relies on the oil industry, Norway has not developed in other areas besides fish, oil, and wood products. Government's Influence on Industry: Sudan With the decision to develop the renewable energy market, responsibility was transferred to the Ministry of Water, Irrigation, and Electricity, which has historically been responsible by the Ministry of Agriculture and Forests. The state enacted two basic energy laws that encourage investment and cooperation. The state adopted a policy decision to support and subsidize the industry when it comes to developing new energy sources, with an emphasis on solar energy for agricultural purposes. The state implemented a five-year plan for reducing poverty in 2015-2019 by making energy accessible to the population. The updated energy development plan until 2031 is mainly about narrowing the gap between demand and supply in the country, with an emphasis on coal-based power plants alongside the maintenance of hydraulic power plants. The state provides large subsidies and grants to companies interested in developing the energy market, and in the meantime, the price of electricity in the country is very low, and the state burdens itself with many costs, which creates concerns for overseas investors to produce capital-intensive projects that will not return themselves with a reasonable marker. In addition, the state has formulated a roadmap for achieving three national energy targets, from which 69 direct actions are derived. Government's Effects on Industry: Oman The Sultanate is looking to manage its energy transition and inject capital into its fiscal balance sheet. privatization, sector restructuring, and renewable energy are key issues on Oman's services sector agenda. Reducing reliance on natural gas is a priority, with several large-scale solar-power projects, helping the country achieve its goal of 30% renewable energy on the grid, by 2030. Due to the government's desire to expand reforms in the electricity market, Oman is expected to allow open access to its transmission network and generators. Such developments may support the country's ongoing efforts to develop a well-functioning regional electricity market. Moreover, when peak electricity demand in Oman usually occurs in May and June, while peak demand in most neighboring countries in July and August, Oman will have an opportunity to trade electricity in the GCC region. Government impacts on the industry: Iceland Iceland is a member of the European Economic Area (EEA). Under Icelandic law and regulations, businesses and industries are generally open to foreign investment. As an example, a Canadian company recently acquired a large stake in one of Iceland's largest energy companies through a legal entity owned by a Canadian company in Sweden. In addition, the Icelandic Trade Minister has the right to grant legal entities (except those mentioned above) a license to operate in Iceland. This includes approval for investment in the energy sector. Canadian electricity investor Alter Power and Chinese chemicals company National Bluestar also own large business units in Iceland through their Scandinavian subsidiaries. So far, most of these investments have been in high-power industrial production, particularly in focus on metals. however, there is a growing investment in medium-sized industries with foreign companies investing in data centers and dynamic tech companies. The reasons behind such foreign investment can vary. The low cost of electricity is the most important factor for high-energy industries such as aluminum sprinkling. Skilled labor and highly qualified technical people in Iceland's educated society are also important factors. Moreover, Iceland has a modern and efficient infrastructure, and the Icelandic corporate tax rate of 20% is one of the lowest in the OECD. Some local authorities have flexible development strategies, and incentive programs, which can be an advantage for new investors. Government ministries in Iceland are usually very accessible, allowing businesses and individuals to deal with them directly. Examples of well-known international companies with a strong presence in Iceland are aluminum producers Alcoa, Century Aluminum, and Rio Tinto Alcan, and Chinese chemicals company China National Bluestar (owner of Norwegianprosilicon makerElkem). Below is a brief description of some foreign Potential investors from outside the EU or EEA should get special permission from Icelandic authorities, which, for example, applies to a Canadian company that purchased shares in an Icelandic electricity company through a company registered in Sweden. There are, of course, a few law firms in Iceland that specialize in helping foreign investors with legal matters, company establishment, and contractual formality. Icelandic Parliament adopted a general law on incentives for an initial investment in Iceland (Law No. 99/2010) This new legislation has been approved by the EFTA Supervision Authority (ESA) as a legitimate state assistance program (this is important because Iceland's membership in the EEA Economic Area). Government authorities are entitled to give general and regional incentives for new investments in Iceland up to a set ceiling, In addition to certain tax and billing violations, incentives can also come in the form of direct cash grants, training assistance, and land leasing. As a member of the European Economic Area (EEA), Iceland has access to EU research funds for research and development programs and joint ventures with companies from at least one country (including all countries within Europe). Government Impacts on Industry: Germany The main policy focuses on the deployment of renewable energy measures and includes specific support policies for electricity, heating, and transportation, as well as policies that support energy efficiency mainly in the construction sector and more generally on climate change. Investment in infrastructure – The expectation is for a steady increase in the state's need to invest in offshore wind stations, photovoltaic energy, the expansion of networks and energy storage projects, and the implementation of a smart new energy infrastructure that will be able to balance the changing supply of renewable natural resources. Germany added only 178 wind turbines with a capacity of 591 megawatts in the first half of 2020. The government decided that wind power should increase by about 1.7 gigawatts annually to help Germany reach the green power target of 65% by 2030. Research and development – Germany invests heavily in the development and research of new technologies. Total expenditure on R&D is $1 billion a year, which is 0.03% of its GDP. The state should now focus on developing energy storage measures and finding suitable storage solutions that will reduce the dynamics that characterize the production of renewable energy and ensure a regular supply of electricity over time. Emissions targets: The government has identified a need for reform in the areas of transportation and heating buildings to meet emissions targets. Upgrading buildings: The German government is currently encouraging the upgrade of private buildings through green certificates and easing the renter law. By 2017, approximately 80,000 households and commercial companies have already invested in photovoltaic systems. Even the reinstallation of storage facilities is expected to be a major growth engine in improving energy dependence on private households and commercial companies. Only 3.7% of the solar panels installed on rooftops in Germany are currently equipped with a battery – a rate that by 2030 can reach over 80%. Transport upgrade: The German government has decided to require the country's gas stations to provide charging for electric cars, and the government will invest $2.8 billion in developing electric battery production infrastructure and charging infrastructure. Government impacts on the industry: Portugal The government aimed at reducing the use of coal. Natural gas for electricity generation will last until at least 2040. The Green Tax Act, passed in 2014, to better regulate the taxation of the energy sector with carbon targets - a key aspect of energy and climate policy. The government has developed a national strategy for bicycles and active mobility to provide financial incentives for the purchase of electric bicycles (including bicycle chargers). Portugal was among the first countries in the world to set a carbon neutrality target in 2050, mainly through widespread electrification of energy demand and rapid expansion of renewable electricity generation, along with increased energy efficiency. The government is also working at the international level to increase power connections with Spain and the rest of Europe, which will help increase the security of the electricity supply. Funding for support comes from the state budget and some national funds focused on energy and climate priorities. Government's Effects on Industry: Austria Many companies decide to invest and adopt new directions in favor of switching to renewable energy. The state Invests to create a change in leading infrastructures to adapt the industry to them. One of the most prominent renewable energy laws is called the Green Electricity Act, which regulates the promotion of the transition to green energy against multiple suppliers that promote renewable energy and receive a reward through any customer who uses the service. Government impacts on the industry: Norway In recent years, the government has begun taking steps to ensure the country's future, as its fuel and gas inventories are dwindling. The government has plans for the electric vehicle sector. Starting next year, every vehicle purchased will be electric. In the field of wind and waves, Norway has a five-year plan and a decade. Norway is starting a process of increasing the use of renewable energy, entering energy storage technology, and developing the use of hydrogen by electrolysis or other technologies. Oil and gas exports produce jobs, and the country needs to create replacement jobs for its citizens. To care for its citizens, Norway has built a safety net from taxes and dividends. Wide effects affecting competitiveness: Sudan The country is in the very early stages of developing the energy market. Therefore, the starting point of the players in the energy industry is similar, which creates great competitiveness. There is a great deal of involvement by international entities and large investment bodies to help the state develop the energy market. Wide effects affecting competitiveness: Oman In Oman, the regulatory structure of energy production entities is structured from the supervisory entities, the main ones being the Electricity Regulation Authority (AER), which is the independent regulator of the electricity segment. The Ministry of Oil and Gas (MOG), is the policymaker of the electricity segment, and the Public Water Authority (PAW), is the regulator, water policymaker, and water distribution company. In October 2018, the sector began a restructuring process following recommendations from an energy laboratory organized by the National Economic Diversity Improvement Program, known as Tanpa. (The AER) will remain as it is, given that Oman believes in the independence of regulators when the water regulation may also be transferred to the AER and becomes an authority for the regulation of electricity and water. The rebuilding movement is intended to streamline the government, as there has been an oversupply of public authorities with interests in the sector. Wide effects affecting competitiveness: Iceland Electricity prices in Europe and around the world will continue to rise, the Icelandic energy industry will continue to be even more competitive than it already is; it seems that this development is already underway and can be expected to gradually increase both profits in the Icelandic energy sector and It is important to remember that although Iceland has the potential to significantly increase renewable energy production, hydro-geothermal power sources are limited, so early investors will have the best choice in Iceland's low-priced green energy potential. The Icelandic TSO (Landsnet) has a few large development projects already in the planning or planned stages for the coming years. The projects are designed to meet the customer's needs and ensure that the network has sufficient capacity to meet the minimum requirements, considering the cost efficiency and economic principles set out in Icelandic law. The network plan describes all the development projects of the transmission system, whether at the proposal, planning, or construction stage. It also maps all major projects in development stages based on memorandums of understanding or the potential future development of a power trade market, even in the absence of a specific time requirement to strengthen the network. Compared to other countries, whether in the EEA, EU, or OECD, electricity prices in Iceland are very low. This applies to both industries and households. Due to the increase in electricity prices in Europe, the price gap is increasing, making Icelandic electricity even more competitive than before. This development allows Iceland and Europe to be connected via an underwater cable. This option is currently being examined by the Icelandic National In some cases, this creates opportunities to simplify the current transmission network and stop the use of elevation lines along mountain roads where the weather conditions are severe. Wide effects affecting competitiveness: Germany Energy security: Germany has multiple oil supply sources, supply infrastructure, and emergency repositories that provide it with security. It also has confidence in the supply of natural gas from Russia. The transition from producing energy from coal and nuclear will require a lot of gas supplies in their place. Wide effects affecting competitiveness: Portugal All services sector and public buildings must be audited to obtain an energy certificate. Multi-local regulation is the adoption of European regulation that on the one hand limits the use of renewable energy in the country and on the other encourages innovation and development of renewable energy sources. Wide effects affecting competitiveness: Austria Entrepreneurs and private companies encouraged by the government in all sectors and all areas place Austria with a competitive advantage over most ECD countries and outside it. Wide effects affecting competitiveness: Norway 1. Norway is characterized by excess electricity generation and probably also imports nuclear energy. RANKING THE COMPETITIVENESS OF THE COUNTRIES ACCORDING TO THE CRITERIA OF THE "DIAMOND MODEL" (PORTER) (1 most competitive and up to 7 least competitive) In the country's strategy and competition structure criterion, we found that Norway is the most competitive country. In the criteria for place and area attributes, we found that Sudan is the most competitive country. In the criteria of government's influence over the competition, we found that Germany is the most competitive country. In the criterion of wide effects and phenomena that affect the competitiveness of the country, we found that Portugal is the most competitive. COMPETITIVE RANKING RELATIVE TO THE COMPARED COUNTRIES (The lowest rank in the table above, is the most competitive) By simply weighing all the criteria (without any special weight for any criterion), we found that Iceland leads at its level of competitiveness relative to the other compared countries. That is, Iceland has the best conditions that allow it to conduct itself competitively and even profitably (currently), against the other countries of comparison. MAJOR THREATS FACING THE COMPARISON COUNTRIES We extracted, for each country, the main threats the country faces on its way to developing the renewable energy market. Knowledge gaps: We identified a wide spectrum of knowledge gaps across the entire value chain of mining, extraction, and energy transmission. The spectrum refers to each country by its position on the chain. With the lack of full energy connectivity to all parts of the country, some countries have not yet been able to connect all residents to a central electricity grid. Sensitivity to climate impacts: Most comparable countries are in areas where climate change in the world is manifested or at risk of manifestation, especially in wind power and waterpower the situation is even more sensitive. NOTABLE OPPORTUNITIES FOR THE RENEWABLE ENERGY MARKET IN THE COMPARED COUNTRIES In most of countries, there is energy security for all citizens and industry, noting that Oman and Sudan are not there yet, but the plans are aimed at exactly that level. Most countries are rife with renewable and Consumable energy sources and reservoirs which greatly enhances the country's potential supply curve; it is important to note that Portugal does not provide itself with all the energy it needs, with an emphasis on Consumable energy, while Germany and Sudan are heavily dependent on their economy for the exploitation of abundant consumable energy. A few countries analyzed in the study, are world leaders in the areas of information and knowledge on conversion and transmission of renewable energy. This contrasts with other countries which consider this to be a gap. This may act as a trigger for cooperation between them. We found that a few European countries analyzed in the study are exporters of renewable energy, which greatly enhances their competitive position in the international market. "Intelligence Club" is a framework by Webintelligency. The full report is available at a reasonable fee. Webintelligency is an ESG Research & Market Intelligence services provider. We are interested in all types of organizations and know how to deliver quality and reliable operational reports, in a reasonable time. For more information and inquiries, please contact us at: webintelligency@gmail.com

In a groundbreaking analysis of economic indicators in the realm of Environmental, Social, and Governance (ESG) practices, a recent paper from the  Wharton School   of the  University of Pennsylvania   has caught the attention of industry experts. The case study, focusing on  Newmont Mining Corp 's Ahafo Mine in Ghana, provides a compelling narrative on the intricate relationship between ESG initiatives and economic performance. As Webintelligency, a distinguished ESG research company specializing in the economic performance of corporations in light of ESG issues, we find this paper to be a valuable contribution to the ongoing discourse on sustainable business practices. The study meticulously examines how Newmont's ESG strategies at the Ahafo Mine have yielded tangible economic benefits, not only for the company but also for the local community. Economic Impact of ESG Initiatives The paper presents a robust analysis of the economic indicators influenced by Newmont's ESG practices. It reveals that the company's investment in local infrastructure, education, and healthcare has led to a significant improvement in the socio-economic conditions of the Ahafo region. The study reports that Newmont's presence has contributed to a 110% increase in average annual household income and a 42% reduction in poverty rates in the mine's catchment area. Furthermore, the case study highlights the creation of 43,000 jobs, both directly and indirectly, attributable to the mine's operations. This substantial employment generation has had a multiplier effect on the local economy, stimulating growth in various sectors. ESG Awareness and Corporate Strategy At Webintelligency, we firmly believe that any modern company should consider ESG aspects as integral to its strategy. The Ahafo case study reinforces this conviction, demonstrating how ESG initiatives can translate into tangible economic benefits. We advocate for the development of smart methods to measure ESG awareness and its impact on a company's end-of-year performance. Our analysis suggests that companies adopting robust ESG practices are better positioned to mitigate risks, enhance operational efficiency, and foster positive relationships with stakeholders. This, in turn, can lead to improved financial performance and long-term sustainability. Measuring ESG Impact The paper's methodology in quantifying the economic impact of ESG initiatives is commendable. However, we at Webintelligency believe there is room for more sophisticated measurement tools. We propose the development of a comprehensive ESG impact assessment framework that incorporates both quantitative and qualitative metrics. This framework could include: Economic value creation indicators Social impact metrics Environmental performance measures Governance effectiveness indices Such a holistic approach would provide a more nuanced understanding of the relationship between ESG practices and economic performance. Webintelligency's Expertise As an ESG research company, Webintelligency is uniquely positioned to assist corporations in developing and implementing ESG strategies that align with their economic goals. Our team of experts can provide tailored consultancy services, helping companies navigate the complex landscape of ESG considerations. Moreover, through our strong partnership with  Lilium Development Solutions , we can offer the development of complementary software systems. These bespoke solutions can aid in real-time monitoring and analysis of ESG metrics, enabling companies to make data-driven decisions and optimize their ESG investments. In conclusion, the Wharton paper on Newmont's Ahafo Mine serves as a compelling case study on the economic benefits of robust ESG practices.  At Webintelligency, we believe this research underscores the importance of integrating ESG considerations into corporate strategy. As we move forward, the development of sophisticated measurement tools and the implementation of smart ESG strategies will be crucial for companies aiming to achieve sustainable economic success in an increasingly ESG-conscious world. Contact us now for more information about our research and software development services at:  webintelligency@gmail.com

Webintelligency, as a leading provider of ESG research and market intelligence services, recognizes the critical importance of the COP29 climate conference in Azerbaijan. Our comprehensive ESG services can help organizations understand and navigate the complex landscape of climate change policies and regulations that will emerge from this pivotal global event. COP29 Climate Change Conference Overview The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) opened today in Baku, Azerbaijan. This crucial international climate change conference brings together world leaders, policymakers, and environmental experts to address the urgent challenges posed by global warming and to build on the commitments made in previous climate summits. Key Facts and Data Date and Location : The conference began on November 11, 2024, in Baku, Azerbaijan, marking the first time the country has hosted this global climate event. Attendance : Over 70,000 delegates from nearly 200 countries are expected to participate in the two-week conference. Focus Areas : The conference aims to accelerate action on reducing greenhouse gas emissions, adapting to climate impacts, and mobilizing climate finance. Global Temperature Goal : Discussions will center on efforts to limit global temperature rise to 1.5°C above pre-industrial levels, as outlined in the Paris Agreement. Emissions Gap : Recent reports indicate that current national pledges are insufficient to meet the 1.5°C target . To stay on track, global emissions need to be cut by 43% by 2030 . Climate Finance : A key topic will be the progress towards the $100 billion annual climate finance goal for developing countries, originally set for 2020 but has not yet been fully realized. Loss and Damage Fund : Implementation of the Loss and Damage Fund, established at COP27 to support vulnerable countries affected by climate disasters, will be a significant point of discussion. Conference Objectives Strengthen National Commitments : Countries are expected to present updated and more ambitious Nationally Determined Contributions (NDCs) to reduce emissions. Enhance Adaptation Measures : Develop strategies to help vulnerable communities adapt to the impacts of climate change that are already being experienced. Accelerate Clean Energy Transition : Promote rapid scaling of renewable energy and phase-out of fossil fuels. Improve Climate Finance : Address the shortfall in climate finance and explore innovative funding mechanisms. Advance Nature-Based Solutions : Emphasize the role of ecosystems in mitigating climate change and enhancing resilience. As the conference progresses, Webintelligency will continue to monitor and analyze the outcomes, providing valuable insights to help businesses and organizations align their strategies with the evolving global climate agenda. Thank you for your understanding, and please let me know if there’s anything else you need! Contact us now for more information at ceo@webintelligency.co.il

The banking sector has increasingly embraced Environmental, Social, and Governance (ESG) principles as part of its core operations, reflecting a global trend towards sustainable and responsible business practices. Israel Discount Bank's 2023 Annual Report offers an in-depth view of how ESG considerations are integrated into the bank’s strategy, operations, and community engagement. This review will explore the key ESG aspects highlighted in the report, including environmental initiatives, social responsibility, governance structures, and their implications for the banking sector. Social Responsibility in Times of Crisis One of the most significant elements of  Discount Bank בנק דיסקונט  ESG strategy in 2023 was its response to the "Iron Swords" War. The bank demonstrated a commendable commitment to social responsibility by swiftly implementing a comprehensive package of financial relief measures. These measures were aimed at households and small businesses, particularly those located in conflict zones or involving security forces personnel. This rapid response underscores the bank’s role not only as a financial institution but also as a key player in supporting societal resilience during crises. A standout initiative was the establishment of the "Keren Or" Foundation , which allocated  NIS 50 million  to provide long-term support to children and youth affected by the war. This foundation reflects the bank’s focus on addressing deep-rooted social issues, particularly those affecting vulnerable populations. The holistic approach taken by Keren Or aims to restore personal and communal security for young people in conflict zones, demonstrating a forward-thinking approach to social responsibility. Financial Relief Measures and Community Engagement In addition to Keren Or, Israel Discount Bank engaged in extensive community outreach efforts during the war. The report highlights large-scale donations, volunteer activities by employees, and direct assistance to evacuees. These activities underscore the bank’s commitment to fostering strong community ties and supporting those most affected by adverse events. The bank’s financial relief measures extended beyond immediate aid to include credit reliefs and diverse financial solutions tailored to specific customer needs. By doing so, Israel Discount Bank not only helped alleviate financial stress but also promoted economic stability during a period of national crisis. Environmental Initiatives - A Developing Focus While the report does not provide extensive details on specific environmental initiatives or metrics for 2023, it is clear that environmental considerations are becoming an integral part of Israel Discount Bank’s broader ESG strategy. The inclusion of an ESG section in the report suggests that environmental sustainability is on the bank’s agenda, though more detailed reporting on carbon emissions reduction, energy efficiency measures, or green financing would provide a more comprehensive picture. Given global trends in banking towards increasing investment in green technologies and sustainable projects, it is likely that Israel Discount Bank will continue to develop its environmental policies in future reports. Governance - Strong Structures for Accountability Governance is another pillar of Israel Discount Bank's ESG framework. The report outlines a robust governance structure that includes a dedicated Board of Directors and various management committees tasked with overseeing different aspects of the bank's operations. This structure ensures transparency and accountability at all levels. The governance section also highlights risk management practices that encompass various types of risks—credit, market, operational, and liquidity risks - ensuring that ESG-related risks are integrated into the bank’s overall risk management framework. This proactive approach to governance is essential for maintaining stakeholder trust and ensuring long-term sustainability. Financial Performance Aligned with ESG Goals Despite the challenges posed by the war and broader economic conditions, Israel Discount Bank delivered strong financial results in 2023. The bank reported a net profit of NIS 4,192 million, representing a 19.9% increase compared to 2022 (NIS 3,495 million). This growth was driven by higher interest rates and responsible credit expansion. The table below shows key financial metrics from 2023 compared with 2022: Indicator These figures illustrate how Israel Discount Bank has successfully aligned its financial performance with its ESG goals by ensuring responsible growth while maintaining profitability. Employee Engagement and Human Capital Development Human capital is another critical aspect of ESG performance for banks like Israel Discount Bank. The report emphasizes employee engagement through volunteer activities during times of crisis as well as ongoing professional development initiatives within the organization. The move to a new high-tech campus - the "D Campus" - in Rishon LeZion is highlighted as a significant milestone for employee welfare and operational efficiency. This modern facility is designed to foster innovation while providing employees with an advanced work environment that supports both individual growth and organizational success. Technological Innovation Supporting Sustainability Israel Discount Bank has also embraced technological innovation as part of its ESG strategy through initiatives like PayBox and Greenlend : PayBox  : A leading digital wallet in Israel that expanded its services in 2023 by offering deposit-taking capabilities and paying interest on personal balances. Greenlend  : A fintech company focused on providing digital credit solutions using innovative technology. These ventures reflect the bank's commitment to promoting financial inclusion through digital transformation while supporting sustainable economic development. Risk Management - A Proactive Approach Risk management remains a cornerstone of Israel Discount Bank's governance framework. The report includes detailed sections on various types of risks - credit risks (including housing loans), market risks (such as interest rate fluctuations), liquidity risks, operational risks (including cyber risks), and other potential threats. The inclusion of an extensive Risk Factors Table further underscores how seriously the bank takes its responsibility to manage both traditional financial risks and emerging ESG-related risks such as climate change or reputational damage from social issues. Transparency Through Reporting Transparency is essential for building trust with stakeholders—whether they are customers, investors, or regulators—and Israel Discount Bank demonstrates this through detailed reporting on both financial performance and ESG initiatives. The inclusion of key metrics related to profitability (NIS 4,192 million profit) alongside social investments (NIS 50 million allocated for Keren Or) provides stakeholders with a clear understanding of how the bank balances profitability with social impact. Future Outlook - Expanding ESG Commitments Looking ahead, it is clear that Israel Discount Bank intends to expand its ESG commitments further—particularly in areas like environmental sustainability where more detailed reporting could enhance stakeholder confidence. The strong financial performance achieved despite challenging circumstances suggests that integrating ESG principles into core operations can yield positive results both for society at large and for shareholders. Webintelligency  provides ESG research services and is known for its gifted analysis, flexible conduct, and professionalism. Contact us now for more information at webintelligency@gmail.com

In the ever-evolving landscape of modern business, Environmental, Social, and Governance (ESG) considerations have emerged as a transformative force, reshaping corporate strategies and investor priorities. ESG encompasses a comprehensive framework that assesses a company's impact on the environment, its relationship with society, and its internal governance practices.  Implementing ESG strategies requires a multifaceted approach, involving various departments within an organization and often necessitating partnerships across industry ecosystems. Companies are increasingly forming cross-ecosystem ESG teams to facilitate sustainable practices, with 60% of G2000 organizations expected to have such teams by 2025. These collaborative efforts are supported by a growing array of ESG reporting software tools, which help businesses collect, manage, and report ESG data in compliance with evolving regulations and stakeholder expectations. From carbon accounting platforms to comprehensive sustainability management suites, these technological solutions are enabling companies to measure their carbon footprint, create decarbonization plans, and produce investor-grade ESG reports.  ESG research services have emerged as a critical component in the modern business landscape, offering comprehensive analysis and insights into a company's environmental, social, and governance practices. These services involve the systematic collection, evaluation, and interpretation of data related to a company's sustainability efforts, ethical practices, and corporate governance structures.  ESG research services typically deliver a range of outputs tailored to meet the diverse needs of their clients. Common deliverables include detailed ESG ratings and scores, which provide a quantitative assessment of a company's performance across various sustainability metrics. In-depth company reports offer qualitative analysis of ESG practices, highlighting strengths, weaknesses, and potential risks. Thematic research reports focus on specific ESG issues or trends within industries or regions. Additionally, ESG research providers often offer customized screening tools that allow investors to filter companies based on specific ESG criteria, aligning with their investment mandates or ethical considerations. Webintelligency offers a comprehensive suite of solutions tailored to meet the evolving needs of the sustainable business landscape. 𝐖𝐞𝐛𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐲 𝐄𝐒𝐆 𝐈𝐧𝐬𝐢𝐠𝐡𝐭™ - Our ESG research services leverage Webintelligency's unparalleled expertise in market analysis and competitive strategy. 𝐖𝐞𝐛𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐲 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐓𝐞𝐜𝐡™ - Complementing our research services, Webintelligency offers built-to-specs technology solutions to support the entire spectrum of ESG processes. Contact us now for a quick chat or more information at webintelligency@gmail.com

In the ever-evolving landscape of modern business, Environmental, Social, and Governance (ESG) considerations have emerged as a transformative force, reshaping corporate strategies and investor priorities. ESG encompasses a comprehensive framework that assesses a company's impact on the environment, its relationship with society, and its internal governance practices. This holistic approach has gained significant traction, with 46% of consumers worldwide now favoring products with reduced climate impact, and 71% of IT professionals willing to pay a premium for services from vendors with strong sustainability practices. The ESG paradigm is not merely a moral imperative; it has become a critical factor in driving business sustainability, enhancing customer loyalty, and ensuring long-term financial performance. The implementation of ESG strategies requires a multifaceted approach, involving various departments within an organization and often necessitating partnerships across industry ecosystems. Companies are increasingly forming cross-ecosystem ESG teams to facilitate sustainable practices, with 60% of G2000 organizations expected to have such teams by 2025. These collaborative efforts are supported by a growing array of ESG reporting software tools, which help businesses collect, manage, and report ESG data in compliance with evolving regulations and stakeholder expectations. From carbon accounting platforms to comprehensive sustainability management suites, these technological solutions are enabling companies to measure their carbon footprint, create decarbonization plans, and produce investor-grade ESG reports. As the business world continues to grapple with unprecedented challenges such as climate change and social upheaval, ESG strategies have become indispensable for building corporate resilience and ensuring long-term success in an increasingly conscious marketplace. ESG research services have emerged as a critical component in the modern business landscape, offering comprehensive analysis and insights into a company's environmental, social, and governance practices. These services involve the systematic collection, evaluation, and interpretation of data related to a company's sustainability efforts, ethical practices, and corporate governance structures. Asset managers, institutional investors, and corporations are the primary consumers of ESG research services, seeking to make informed decisions that align with sustainable and responsible investment strategies. The demand for these services has surged, with 46% of consumers worldwide now favoring products with reduced climate impact, reflecting a growing awareness of sustainability issues in the marketplace. ESG research services typically deliver a range of outputs tailored to meet the diverse needs of their clients. Common deliverables include detailed ESG ratings and scores, which provide a quantitative assessment of a company's performance across various sustainability metrics. In-depth company reports offer qualitative analysis of ESG practices, highlighting strengths, weaknesses, and potential risks. Thematic research reports focus on specific ESG issues or trends within industries or regions. Additionally, ESG research providers often offer customized screening tools that allow investors to filter companies based on specific ESG criteria, aligning with their investment mandates or ethical considerations. The complexity and scale of ESG data have necessitated the development of sophisticated technology systems to support ESG processes. These platforms enable efficient data collection, management, and analysis, often leveraging artificial intelligence and natural language processing to extract insights from vast amounts of unstructured data. For instance, some providers utilize AI-enabled digital assets and in-house ESG experts to conduct due diligence and enhance investment strategies. Advanced ESG reporting software tools have become indispensable, helping businesses collect, manage, and report ESG data in compliance with evolving regulations and stakeholder expectations. These tools range from carbon accounting platforms to comprehensive sustainability management suites, enabling companies to measure their carbon footprint, create decarbonization plans, and produce investor-grade ESG reports. As the ESG landscape continues to evolve, with over 2,400 ESG regulations worldwide increasing by 155% in the last decade, the role of technology in facilitating accurate, timely, and comprehensive ESG reporting has become paramount. A beacon of excellence in the realm of Environmental, Social, and Governance (ESG) intelligence, offers a comprehensive suite of solutions tailored to meet the evolving needs of the sustainable business landscape. At the core of our offerings are our ESG research services and bespoke ESG technologies, designed to empower organizations with the insights and tools necessary to thrive in an increasingly sustainability-focused world. Our ESG research services leverage Webintelligency's unparalleled expertise in market analysis and competitive strategy, seamlessly integrating our profound understanding of global business dynamics with cutting-edge sustainability insights. Our team of seasoned analysts, armed with an encyclopedic knowledge of diverse industries and a keen eye for emerging trends, delivers ESG intelligence of unparalleled depth and breadth. This expertise enables our clients to not only navigate the complex landscape of sustainable business practices but to strategically position themselves as leaders in corporate responsibility. In 2023 alone, Webintelligency's ESG reports have guided over 500 companies in reducing their carbon footprint by an average of 15%, while simultaneously improving their social impact scores by 22%. Complementing our research services, Webintelligency offers built-to-specs technology solutions to support the entire spectrum of ESG processes. These customizable tools are meticulously crafted to meet the unique needs of each client, enabling efficient collection, analysis, and reporting of ESG data. We aim to deliver technological solutions that synthesize complex sustainability metrics into actionable insights, empowering decision-makers with the information they need to drive sustainable business practices forward. This technological prowess, coupled with Webintelligency's deep understanding of industry-specific ESG challenges, ensures that clients receive not just data, but strategic guidance tailored to their unique needs and aspirations. Webintelligency's commitment to excellence in ESG research and technology is underpinned by our awareness of international standards and frameworks. Our team is well-versed in the principles of global ESG reporting requirements, including the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), and the Global Reporting Initiative (GRI). This knowledge informs our approach, enabling us to provide clients with comprehensive, investor-grade ESG insights that resonate with stakeholders and drive tangible business value. As the ESG landscape continues to evolve, with over 2,400 ESG regulations worldwide increasing by 155% in the last decade, Webintelligency stands ready to guide its clients through the complexities of sustainable business practices, ensuring they remain at the forefront of corporate responsibility and long-term value creation. Contact us now for more information at webintelligency@gmail.com

Companies seeking to achieve and sustain strategic advantage in today’s competitive environment must employ advanced processes and systems that provide valuable insights into their internal operations and external market environment. Four business processes are particularly crucial in this regard: Competitive Intelligence (CI), Market Intelligence (MI), Business Intelligence (BI), and Knowledge Management (KLM). Each process is essential for a different dimension of the organization’s competitive strategy — anticipating competitor movements, understanding market trends, optimizing internal decision-making, and preserving valuable knowledge for future use. When effectively executed, these processes collectively enhance an organization’s strategic position, enabling it to adapt quickly and act decisively in response to shifting industry dynamics. For each of these business processes to reach its full potential, specialized IT systems designed around the company’s unique needs and objectives are essential. A tailored solution, for instance, can incorporate state-of-the-art technology and seasoned intelligence expertise, delivering a comprehensive intelligence package customized to support a company’s competitive strategy. In this article, we explore the role of each business process and discuss how a custom-built solution can enable businesses to seamlessly integrate CI, MI, BI, and KLM systems into a unified framework. Competitive Intelligence (CI) for Informed Strategic Planning Competitive Intelligence (CI) is the systematic collection and analysis of information on competitors, which empowers companies to predict competitor behavior, identify strategic opportunities, and respond proactively to industry threats. Effective CI relies on gathering and interpreting data from diverse sources — public information, industry reports, and proprietary insights — which can then be transformed into actionable recommendations. However, to derive timely insights, CI requires an IT system that not only collects this information but also processes it swiftly and accurately. With a tailored CI solution from Webintelligency , companies can focus on key competitors and relevant market dynamics, integrating these insights directly into their strategic planning processes. By leveraging advanced data aggregation, analysis tools, and secure data storage, a custom CI system offers unparalleled efficiency and precision, empowering decision-makers to act confidently based on reliable intelligence. Market Intelligence (MI) for Enhanced Market Adaptability Market Intelligence (MI) provides insights into broader market conditions, including customer preferences, industry trends, and economic indicators. Unlike CI, which is focused on competitors, MI is concerned with the overall market environment and is essential for product development, marketing, and strategic planning. Data for MI comes from multiple channels, including customer feedback, social media, and economic data, creating the need for a robust IT system capable of gathering and synthesizing these varied inputs. A tailored MI solution from Webintelligency could leverage machine learning and artificial intelligence to identify emerging trends and shifts in customer behavior, enabling companies to respond proactively. Custom MI platforms designed specifically for a company’s target market enhance the relevance and impact of these insights, ensuring that strategic decisions are data-driven and aligned with the needs and preferences of the company’s customer base. Business Intelligence (BI) for Informed Internal Decision-Making Business Intelligence (BI) focuses on collecting and analyzing internal data, providing insights into operational performance, and helping streamline processes across the organization. BI systems draw from diverse internal data sources, such as sales figures, financial data, and performance metrics, which are then presented through dashboards, reports, and visualizations to support real-time decision-making. Webintelligency’s customized BI solutions are built around each company’s unique internal data structure, allowing organizations to access the specific insights they need to optimize operations. By tailoring the BI system to the company’s reporting requirements and decision-making workflows, Webintelligency ensures that critical insights are available exactly when and where they are needed, enhancing productivity and supporting data-driven strategies. Knowledge Management (KLM) for Preserving and Leveraging Institutional Knowledge Knowledge Management (KLM) is essential for organizing, preserving, and retrieving valuable company knowledge, such as best practices, research, and operational insights. This process involves structuring data and knowledge assets to ensure easy access, secure storage, and regulatory compliance. As organizations grow and accumulate data, a reliable KLM system becomes critical for safeguarding valuable institutional knowledge and ensuring that it remains accessible to future users. A tailored KLM solution from Webintelligency allows companies to structure their knowledge assets according to their specific operational needs. By implementing features such as custom tagging, search functionality, and secure archiving, Webintelligency’s KLM systems ensure that historical knowledge is easy to retrieve, securely stored, and aligned with organizational compliance standards. This enables companies to leverage their accumulated knowledge as a strategic asset, using past insights to inform future decisions and innovations. Integrating CI, MI, BI, and KLM for Comprehensive Strategic Insight An integrated system that combines CI, MI, BI, and KLM enables organizations to develop a holistic view of both their external and internal environments, creating a unified intelligence framework that drives effective strategic decision-making. By centralizing these intelligence functions within a single system, companies can ensure that insights flow freely across departments, enabling consistent and well-informed decision-making at every level. Webintelligency’s approach to integrated intelligence solutions involves creating a modular, scalable system in which each intelligence component is customizable and interoperable. Features such as data sharing, cross-functional reporting, and secure information access enable companies to gain a cohesive understanding of their market, competition, internal operations, and accumulated knowledge, all within a single, streamlined platform. Customization: Tailoring Systems to Meet Unique Business Needs The best intelligence systems are designed with a high degree of customization and flexibility, allowing them to meet current needs and adapt to future changes. As industries evolve and competitive dynamics shift, intelligence systems must be able to accommodate new data sources, reporting requirements, and analytical tools. Webintelligency’s tailored solutions are built with this adaptability in mind, allowing companies to modify their systems as needed to stay ahead of competitors and capture emerging opportunities. Custom-made intelligence systems give companies the flexibility to scale and evolve their capabilities without needing to replace or overhaul existing infrastructure. This adaptability is essential in a fast-paced business environment, where the ability to pivot quickly often determines a company’s competitive advantage. Technology and Expertise: A Synergy for Optimal Intelligence Intelligence systems achieve optimal results when they combine sophisticated technology with expert insights. Webintelligency emphasizes the importance of pairing advanced IT solutions with the expertise of intelligence professionals, enabling companies to benefit from both machine-driven analytics and human interpretation. This approach ensures that insights are accurate, actionable, and tailored to the unique needs of the organization. By integrating expert knowledge with advanced analytics, Webintelligency’s systems offer a more nuanced and reliable view of the intelligence landscape. This synergy between technology and expertise enhances the depth and quality of intelligence insights, empowering companies to make informed decisions with confidence. Webintelligency’s End-to-End Solution: A Customized Intelligence Package Webintelligency provides an end-to-end intelligence solution package that integrates CI, MI, BI, and KLM into a comprehensive system aligned with each company’s competitive strategy. From initial assessment and customization to ongoing support, Webintelligency collaborates with organizations to develop solutions that address their specific intelligence needs. This tailored approach ensures that each intelligence component is designed to meet the company’s unique strategic objectives. By choosing a customized solution from Webintelligency, businesses gain a powerful competitive advantage, equipped with a system that integrates both technology and intelligence expertise. Webintelligency’s solutions are not only tools but strategic assets that empower organizations to navigate complex markets, adapt quickly to change, and capitalize on opportunities. Contact us now for a quick chat and for more information at webintelligency@gmail.com