- Setting: Set the environmental baseline for decarbonisation journey
- Economic system: Recirculated AED 8.8 billion into the native financial system
- Group: Strategic CSR partnerships with organisations akin to Sandooq Al Watan, Ma’an, UAE Group Emirates, Particular Olympics UAE
- Folks: Elevated UAE nationwide headcount to 35% of company workforce
- Enhancements to governance and information assortment in 2021 have laid the foundations for launch of Aldar’s Internet Zero Motion Plan later this 12 months
Abu Dhabi, UAE – Aldar Properties PJSC (‘Aldar’) launched its 2021 Sustainability Report immediately, showcasing the continued evolution of its sustainability technique, in alignment with worldwide finest follow and supported by enhanced governance and information assortment. The report additionally highlights the progress the corporate has made throughout its 4 sustainability pillars of Setting, Economic system, Group and Folks.
By specializing in information high quality, Aldar was in a position to shut gaps in information assortment and strengthen its capabilities and processes, paving the way in which for extra detailed and stronger reporting of sustainability metrics. This included the launch of a brand new information administration system to streamline reporting throughout the Group and to trace greater than 500 non-financial KPIs throughout the ESG spectrum. The system aligns with worldwide sustainability reporting frameworks together with main sustainability indices, GRESB, and International Reporting Initiative (GRI). Aldar will quickly develop it to include different ESG frameworks and rankings such because the Carbon Disclosure Challenge (CDP).
In the meantime, reflecting each worldwide finest follow and Aldar’s personal deep dedication, the Group totally embedded sustainability into its governance framework in 2021. This ensures clear accountability in any respect ranges, and that sustainability is given an appropriately excessive weighting in Aldar’s strategic determination making. Final accountability for the Group’s sustainability technique and efficiency rests with its Group Government Administration Committee, which is supported by sustainability councils and sustainability specialists inside every enterprise unit.
Talal Al Dhiyebi, Chief Government Officer, Aldar, stated: “The steps we’ve got taken in 2021 to prioritise the surroundings and impose on ourselves higher accountability and transparency are totally aligned with UAE’s sturdy sustainability agenda and world worldwide ESG requirements. As we proceed to help the UAE management’s imaginative and prescient and decarbonise our constructing operations, we’re additionally redefining Center East real-estate sustainability benchmarks and placing ourselves on monitor to turn out to be business leaders.”
Greg Fewer, Group Chief Monetary and Sustainability Officer at Aldar, added: “As with every long-term dedication, there’s a want for normal assessment and enhancement. In 2021, our purpose was to speed up our sustainability capabilities and put in place the infrastructure to precisely measure the progress of our formidable targets. We achieved this by enhancing information assortment, growing our ranges of governance, and increasing our sustainability groups. We at the moment are able to expedite our agenda and report the areas of progress most necessary to our stakeholders extra robustly.”
ENVIRONMENT PILLAR
To bolster its dedication to the surroundings, the corporate has strengthened it alignment with sustainability finest practices and the UAE’s internet zero targets and is working by itself Internet Zero Motion Plan, the small print of that are attributable to be introduced later in 2022.
Leveraging enhanced methodologies, Aldar has additionally improved the standard of measurements in its carbon footprint, setting the environmental baseline for the Group’s decarbonisation journey. The corporate’s partial carbon footprint in 2021, together with Scope 1, 2 and Scope 3, was 1,932,952 tCO2e, with some 73.7% of Aldar’s complete Scope 1 and Scope 2 emissions coming from electrical energy and 23.3% from cooling. The corporate’s Scope 3 emissions on the Group stage characterize round 87.3% of its carbon footprint.
In 2021, Aldar additionally took important measures to cut back vitality consumption throughout its portfolio by 20%. The Group’s formidable retrofit undertaking is the biggest of its type within the UAE and is anticipated to take away 80,000 tons of carbon emissions yearly throughout the corporate’s 80 resort, faculty, business, leisure and residential belongings. The wide-ranging retrofit undertaking will save Aldar AED 40 million per 12 months in vitality consumption prices and demonstrates that landlords have giant economically actionable tasks that may assist each the underside line and the surroundings instantly. As well as, the corporate in 2021 additionally constructed its first photo voltaic hybrid energy plant at certainly one of its building websites and signed a clear vitality settlement with Emirates Water and Electrical energy to supply clear vitality sources for as much as 5 years.
ECONOMY PILLAR
Aldar is a strategic accomplice of the nationwide In-Nation Worth (ICV) programme, a UAE authorities programme headed by the Ministry of Business and Superior Know-how. It goals to spice up financial efficiency and help native industries by redirecting increased parts of public spending into the nationwide financial system. By way of its involvement with the ICV programme, Aldar prioritises participating with native contractors, consultants and suppliers (together with SMEs) to reinvest within the native financial system. Throughout 2021, Aldar recirculated AED 8.8 billion to the native financial system by means of ICV. Aldar Initiatives additionally signed growth undertaking contracts price AED 8.5 billion, together with 16 contracts with UAE‑based mostly corporations.
COMMUNITY PILLAR
Aldar is dedicated to creating constructive social and environmental impacts that profit communities throughout the UAE and past. Final 12 months, by means of its company social duty (CSR) programmes, quite a few impactful initiatives had been supported to profit wider communities, that are managed in partnership with organisations akin to Sandooq Al Watan, Ma’an, UAE Group Emirates and Particular Olympics UAE. In 2021, Aldar additionally signed an MOU with Zayed Greater Organisation to create alternatives and supply higher accessibility for Folks of Dedication.
PEOPLE PILLAR
Reflecting Aldar’s dedication to Emiratisation, the corporate introduced the share of UAE nationals within the company workforce to 35% from 29% in 2020. On the similar time, the proportion of girls employed at Aldar rose to 42% in 2021, up from 31% in 2020.
For additional data on Aldar’s ESG technique and the 2021 sustainability report, please go to: aldar.com/en/sustainability
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For additional data, please contact:
MediaObaid Al Yammahi
Aldar Properties
Mahmoud Kassem
Brunswick
[email protected]
About Aldar
Aldar Properties PJSC is the main actual property developer and supervisor within the UAE with a diversified and sustainable working mannequin centered round two core companies: Aldar Growth and Aldar Funding.
Aldar Growth is a grasp developer of built-in, habitable, and thriving communities throughout Abu Dhabi’s most fascinating locations, together with Yas Island, Saadiyat Island, Al Raha, and Reem Island. It’s chargeable for growing Aldar’s c. 69 million sqm land financial institution and contains three companies: Aldar Initiatives, which manages Aldar’s fee-based growth administration enterprise together with authorities housing and infrastructure tasks; Aldar Ventures, which incubates and nurtures new enterprise alternatives and innovation areas; and Aldar Egypt, the platform targeted on growing mixed-use communities in Egypt.
Aldar Funding homes Aldar’s core asset administration enterprise comprising over AED 30 billion portfolio of funding grade and income-generating actual property belongings diversified throughout retail, residential, business, hospitality, and logistics segments. Aldar Logistics owns a 70% stake in Abu Dhabi Enterprise Hub which owns a strategically positioned warehousing, industrial, and workplace advanced in Industrial Metropolis Abu Dhabi with a complete internet lettable space of c. 166,000 sqm. Aldar Funding additionally manages three core platforms: Aldar Schooling, Aldar Estates, and Aldar Hospitality and Leisure. Aldar Schooling contains Aldar’s whole instructional portfolio, together with Aldar Academies, the main training group in Abu Dhabi, with 21 faculties, over 27,000 college students, and a rising community of three,000 educators from over 100 nationalities, providing a variety of curriculum and ancillary providers akin to a Instructor Coaching Academy. Aldar Estates consolidates Aldar’s Retail Operations alongside current Residential and Business actual property operations inside Provis and can additional embrace Group Administration below one built-in property administration platform. Aldar Hospitality and Leisure takes care of Aldar’s portfolio of resort and leisure belongings, that are anchored round Yas Island and Saadiyat, along with Ras Al Khaimah. It contains Aldar’s portfolio of 13 lodges, comprising over 4,250 resort keys and managing operations throughout golf programs, seaside golf equipment, and marinas.
Aldar’s shares are traded on the Abu Dhabi Securities Trade (Inventory quote: ALDAR:UH), and is a worthwhile, cash-generative enterprise that gives recurring revenues, and advantages from a various and supportive shareholder base. Aldar operates in accordance with excessive requirements of company governance and is dedicated to working a long-term and sustainable enterprise to be able to present ongoing worth for its shareholders.
Aldar is pushed by a imaginative and prescient to be a number one actual property developer and supervisor within the area by taking part in a key function within the growth of high quality, comfy, fascinating locations that individuals can dwell in, work at and go to.
For extra data on Aldar please go to www.aldar.com