In a groundbreaking move towards environmental sustainability, Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, proudly unveiled its voluntary carbon offsetting platform, Safa, designed to empower businesses and individuals in managing their carbon footprint. The announcement coincided with the Kingdom’s active participation in COP28, currently underway in the United Arab Emirates.
His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, emphasized the organization’s commitment to sustainability across various sectors. He stated, “True transformation occurs when we all come together to create a collective impact. With Safa, individuals and businesses have the ability to decrease their carbon footprint, actively participating in creating a more environmentally friendly future.”
Safa’s offsetting service does not seek to replace decarbonization efforts but aims to complement them by building awareness, educating communities, and empowering action at both individual and corporate levels. The platform addresses hard-to-abate emissions from activities such as travel, accommodation, and logistics. By integrating directly into users’ favorite everyday apps, Safa aims to make carbon offsetting more accessible and user-friendly.
This newly introduced platform underscores Bahrain’s commitment to utilizing technology and innovation as key enablers for a faster, more affordable, and effective transition to net-zero emissions by 2060. The platform is open to all individuals and businesses, offering a user-friendly interface to calculate and offset carbon emissions using high-quality, globally certified carbon credits. These credits are allocated to international environmental projects focused on reducing or eliminating greenhouse gas emissions, with plans to include local and regional projects in the near future.
Safa has partnered with CHOOOSE™️, a leading climate tech company delivering a Software-as-a-Service (SaaS) platform. This partnership enables Safa to provide carbon emissions information and seamless access to trusted climate solutions. The collaboration with CHOOOSE™️ exemplifies Safa’s commitment to facilitating climate action for all and promoting a sustainable future.
