Alturki Holding Signs Agreement with STRIVE by STX to Advance Future-Forward Sustainability Strategy

Oct 17, 2024

Shell

September 25, 2024 – In a pivotal move to drive sustainable development and environmental stewardship in the Kingdom, Alturki Holding has signed an agreement with STRIVE by STX, the climate action arm of the global environmental commodities trader and climate solutions provider STX Group. This collaboration is set to support Alturki’s journey towards future-forward sustainability and impactful climate action. By partnering with STRIVE by STX, Alturki Holding gains access to specialized sustainability expertise, including environmental market insights and trends, compliance support, and carbon emissions disclosure strategies. This partnership not only enhances Alturki Holding’s leadership in regional sustainability but also provides a robust platform for aligning business operations with sustainable practices, ensuring impactful results within the Kingdom’s sustainability landscape.

As a CDP Gold Accredited Solutions Provider for Renewable Energy, STRIVE by STX leads the way in environmental solutions and climate action, backed by over 25 years of expertise in carbon markets. With access to the vast resources of the STX Group, including a cross-commodity portfolio and deep sectorial expertise, STRIVE by STX empowers organizations globally to transform environmental challenges into business opportunities and ensure alignment with long-term sustainability goals.

A Decarbonization Partner

With a mission to create a world where every business contributes positively to the environment, STRIVE by STX offers tailored solutions to help organizations like Alturki Holding navigate the complexities of environmental markets and achieve their sustainability goals. Their extensive client and counterparty base of over 7,000 businesses worldwide reflects their capacity to drive measurable outcomes and guide corporates through decarbonization journeys. Their approach is rooted in deep understanding, knowledge-sharing and continuous partnership, staying by their clients' side to adapt to evolving climate challenges.

"This agreement marks a significant milestone in our sustainability journey," said Mr. Rami Alturki, President and CEO at Alturki Holding. "STRIVE by STX’s global expertise and deep understanding of environmental markets will enable us to develop a transformative sustainability strategy that not only aligns with our values but also fosters meaningful climate action across the Kingdom."

"We are pleased with our new partnership with Alturki Holding on this future-forward sustainability initiative," said Jens Schumacher, Managing Partner at STX Group and Head of STRIVE by STX. "Our collaboration reflects a shared commitment to sustainability and environmental impact. We look forward to supporting Alturki in creating a tailored roadmap for decarbonization and building lasting change within their business and the wider community."

Driving Sustainability, One Step Further

This landmark agreement will see STRIVE by STX collaborating closely with Alturki Holding to deliver a transformative sustainability strategy, leveraging their expertise to craft long-term roadmaps for decarbonization and environmental impact mitigation. With a shared goal for a sustainable future, Alturki Holding and STRIVE by STX are set to play a significant role in addressing environmental challenges and driving positive change in Saudi Arabia and beyond.

ALTURKI

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