Delivering Space42’s Inaugural Sustainability Report

Space42 is a UAE-based, AI-powered space technology company that seamlessly integrates satellite communications, geospatial insights, and artificial intelligence capabilities to serve customers worldwide. Formed through the strategic merger between Al Yah Satellite Communications Company, PJSC (Yahsat) and Bayanat AI PLC (Bayanat), Space42 is committed to enlightening the world from space by delivering innovative and efficient space services and smart solutions that drive technological advancements and create a better tomorrow.

Operating across more than 150 countries and reaching over 80% of the world’s population, Space42 is poised to revolutionise the space tech sector through AI-driven solutions.

The Situation

Space42 was formed in Q4-2024 post the merger of Yahsat and Bayanat and is listed on the Abu Dhabi Securities Exchange (ADX). As part of ADX listing requirements, all the companies are mandated to publish their annual Sustainability Reports per the ADX guidance. Space42, wanted to develop and publish its Sustainability Report in alignment with reporting standards such as GRI, SASB, and frameworks such as UNSDG and UNGC. The publicly listed companies on ADX are required to publish their annual sustainability report within 90 days after the close of the fiscal year.

Space42 aspired to continue its legacy of Yahsat’s ESG program by disclosing key ESG indicators and its emission profile for the emission scope categories considered in the preliminary post-merger stage.

Solutions

Sustainability Reporting

Impact

Post-merger, Space42 partnered with Anthesis to deliver its first Sustainability Report, meeting ADX requirements on time. The report, aligned with global standards, disclosed key ESG metrics and emissions data, laying the groundwork for future improvements and reinforcing Space42’s commitment to sustainable innovation in the global space technology sector.

  • Company: Space42
  • Sector: Technology

Our Solutions

Anthesis worked closely with the Space42 Sustainability Team to undertake the following:

  • Impact Materiality leading to the finalisation of key impact material topics for Space42
  • Sustainability Reporting by supporting in –
    • Data collection for all material topics using detailed bespoke data collection templates as per GRI and SASB
    • GHG Inventory Calculations for Scope 1, Scope 2 and Scope 3 (relevant categories)
  • Reporting – An ESG Excerpt and a detailed Sustainability Report were prepared in English and Arabic languages as per the material topics following ADX, GRI, SASB, UNGC, and UNSDG.    
  • Space42 was able to meet all the project requirements for Sustainability Reporting within the desired timeframe of Q1-2025.
  • During the reporting project, gaps and action items were identified, which were planned to be addressed during ESG strategy and roadmap phase.
Explore our Reporting Solutions

Having previously partnered with Anthesis on Yahsat’s sustainability report and experienced the value they delivered, we naturally turned to them to broaden our ESG reporting for Space42. The Anthesis team proved to be the right partner, executing their tasks professionally and adhering strictly to our tight timelines, ensuring we successfully met our reporting deadlines.

Khurram Zafar – Head of ERM and ESG at Space42

Get in touch

We’d love to hear from you

We are the world’s leading purpose driven, digitally enabled, science-based activator. And always welcome inquiries and partnerships to drive positive change together.

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