Social Responsibility Towards You
Co-existence with nature & the surrounding environment as well as serving the society are major concerns of Karim Investment Holding. Social responsibility of industrial and economic ventures in many cases is not well understood or has been marginalized due to the conflict with the main purpose of businesses, in other words, the concept of social responsibility is much broader and goes beyond only environmental issues. This concept has wide moral and cultural dimensions that are linked to education, health, well-being and many other desirable life indicators. Ventures should feel responsible towards the society and their surroundings to the extent their ability and finances allows.
Undoubtedly, the greatest level of industrial and economic activities of a venture is achieved through alignment and coordination between profitability and social responsibility.
For example, if an industrial venture focuses its activities on coal mining and electricity generation utilizing coal, there will be a conflict between profit and social responsibility, because burning coal and generating electricity causes environmental pollution outside the accepted parameters and standards. But if the same company, instead of extracting and using coal, focuses part of its capabilities and capital on generating electricity through renewable resources or clean energies and has a long-term plan to maximize the replacement of clean energies then, the economic profitability and social responsibility of this venture will be aligned.
The goal of Karim Investment Holding is commitment to activities with lasting impact and offering sustainable services for the current and future generations.
Assistance in creating an infrastructure for the generation of renewable energy and the development of clean transportation in the Mena region is part of the social responsibility and aspirations already mentioned.
We have a very positive outlook and for the countries and the people of the Middle East & North Africa, we aspire to establish a new ongoing road-map for the future of energy in this region. In addition, with the expansion of clean transportation and the use of renewable energies, effective steps will be taken to reduce air pollution in the densely populated cities of the Mena region, on the one hand, and avoid the risk of global warming on the other.
The work we do for Social Responsibility
The growing trend of global warming and its extensive environmental hazards have led social groups and public organizations who lobby the environment to take extensive measures to prevent gradual global devastation.
Today, many ecological and environmental movements are trying to force governments and heavy-industry sectors to comply with the relevant protocols to reduce CO2 and other industrial pollutants emissions. The Paris Climate Conference in 2015, the Glasgow Climate Summit in 2021 and the Annual Stockholm Climate Conference have been among the most important global efforts to reduce pollutants and prevent global warming.
According to the standards of the World Climate Organization, the planet only has the capacity to warm 1.5 degrees above the temperatures at the time of the industrial revolution and if global efforts do not succeed in stabilization, the world will face irreversible climate and environmental consequences. The Net-Zero global standard for carbon production is a commitment that many countries around the world have accepted and instituted in their long-term development plans.
In its 2030 vision, Karim Investment Holding has made climate goals its main priority. Basically, a large part of our company’s activities, which is in the field of clean transportation and development of renewable energy, is directly aligned with the global guidelines to achieve Net-Zero. Therefore, we are happy to announce that our activities are coordinated in line with the realization of the environmental programs of the United Nations and other environmental organizations.
Global statistics indicate that 75% of the world’s carbon dioxide emission is from fossil fuels such as oil, gas & coal while industry and transportation account for the largest share of fossil fuel consumption. So, the development of alternative resources to fossil fuels and focusing on clean transportation will be two basic priorities in the global trend to achieve the Net-Zero goal.
Currently, investment in renewable energy and infrastructure development in the sector has gained great momentum, especially as industrialized countries are the leaders of the movement. Parallel to this, the clean transportation industry has also experienced increasing dynamism and mobility. It has been more than a decade since electric and hybrid cars were commercialized and the world’s major automobile manufacturers have focused a significant part of their investments on the production of electric and hybrid vehicles only recently.
Global statistics show that the use of electric cars has been steadily increasing in recent years, and now the share of electric cars in the global car market has risen to more than 10%. This means that globally 10 out of every 100 cars sold last year were electric. It appears that several factors influence the growing EV and Hybrid vehicle popularity trend.
Karim Investment Holding, taking into account the direction governing the energy and transportation market, has increased its investment in the field of renewable energy and clean transportation. Therefore, the KIH social obligations and moral responsibility to the society and environment will be achieved.
The Kangoro brand, which is a newly established subsidiary of KIH, is exclusively focused on electric vehicles and clean transportation sectors. Kangoro’s goal is to take huge strides in the expansion of clean transportation and the use of electric and hybrid vehicles by strengthening the necessary infrastructure such as installation of charging stations and sales agencies in the countries of the MENA region.
Currently, many countries in the region are facing unprecedented air pollution issues. If the plans to use clean transportation are realized, in addition to a significant reduction in fuel consumption, the center of pollution will also transfer from cities to industrial environments outside them. In addition to saving on fossil fuel consumption and having huge economic benefits for regional governments, use of EVs will also have many environmental benefits and clean air will largely replace pollution in many areas of the region.
Therefore, Kangoro and Karim Investment Holding are making an all-out effort to expand their activities in the MENA region. The company’s goal is to become one of the largest active holdings in the field of clean transportation and distribution of electric vehicles in region by 2030.
Global studies and statistics show that in the next two decades the world must provide a significant part of its energy through investment in clean fuels in order to avoid widespread environmental risks. The trend of general global warming and widespread environmental pollution in all areas has prompted environmental activists and international institutions to issue serious warnings about the disastrous consequences of this trend. The Paris Climate Conference in 2015, the Glasgow Climate Summit in 2021 and the Annual Stockholm Climate Conference have been among the most important global efforts to reduce pollutants and prevent global warming and prove the looming dangers.
The thinning of the ozone layer, the melting of the polar ice caps, the disruption of weather cycles, the extinction of plant and animal species, the rise of the coastal water level, the heavy pollution existing in big cities and the resulting deaths are only part of the unfortunate environmental consequence that the world will face. So, if there is no change in the proliferation of environmental pollution and the global warming process in the near future, the most important human asset- that is, the planet’s ecosystem- will be endangered and man will face a fundamental disaster.
By understanding the environmental situation and following the trends governing the future of energy markets, Karim Investment Holding has focused a significant part of its 2030 vision towards investing in clean energy and clean transportation.
This strategy is based on both moral and rational foundations, considering the growing market of electric cars and clean transportation in the region, as well as the great capacity of the Mena region in the development and generation of renewable energy. In this way, our investment in clean transportation and renewable energies, in addition to being in line with our social responsibility and moral mission, also has significant benefits for us in terms of productivity and profit.
Perhaps, for the development of renewable energy, the key factor in the Middle East and North Africa is the existence of vast, arid desert areas that can be used for the all-year-round generation of solar energy. Of course, the Mena region offers wind, ocean and marine energy sectors with high potential and by utilizing the capabilities of knowledge-based companies there will also be great benefits to be gained.
Successful cooperation and partnership with other ventures active in the sectors above, as well as investment in knowledge-based companies is one of the chief goals and objectives of our holding.
Corporate social responsibility is a concept very crucial in the field of human resources training and sustainable economic development. Of course, industrial ventures promote an important part of sustainable development with their innovative activities, but the case of start-ups, in addition to economic development, is fundamentally linked to human resource training and social dynamics.
Start-ups are formed based on innovation and provide a knowledge-based products in specialized fields, which in many cases have an added value far beyond the initial costs. Startups play an absolutely fundamental role in the all-round development of future societies for many reasons (being low-cost, technological, creative, small, specialized, flexible, etc).
Undoubtedly, the support of industrial ventures for start-ups and investment in them can lead to more productivity, double profitability, while creating a suitable platform for the growth & development of human resources as well as sustainable development of the immediate communities related to the venture.
Paying special attention to knowledge-based companies and investing in their innovation is a very important part of the Holding’s 2025 strategy. At present, KIH is considered as the main investor in the Metashar knowledge-based company, which uses VR glasses to create, build and develop virtual reality projects. This technology will play a fundamental role in our communication with customers and business partners and by using VR glasses will be able to connect people remotely with our areas of activity such as logistics-supply chain and clean transportation transparently and clearly.
Undoubtedly, the growing need for participation of knowledge-based companies can also be seen in our fields of activity, especially in the field of future technologies, which includes clean transportation and renewable energies, a suitable platform for mutual cooperation.
Therefore, Karim Investment Holding welcomes knowledge-based companies with open arms and has made cooperation and investment in their innovations one of its base priorities.