GlobalData offers a comprehensive analysis of Aldar Properties, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Aldar Properties‘s ESG performance. GlobalData’s company profile on Aldar Properties offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Aldar Properties, a prominent real estate development company, has established ambitious net-zero targets for 2050 as a fundamental part of its sustainability pledge. The company successfully finalized the development of its comprehensive Net Zero Plan in November 2022, subsequently unveiling it to the public in January 2023. The plan also aligns with the UAE Net Zero by 2050 commitment to limit the rate of global warming in line with the Paris Agreement. The company also has an ambitious interim target of achieving Net Zero on our Scopes 1 and 2 emissions by 2030. Aldar Properties emphasizes the importance of climate action for the future success of its business. The company has committed to supporting the United Nations Sustainable Development Goals (UN SDGs) and has identified 12 specific SDGs where it can make substantial contributions toward sustainable development.
In 2022, Aldar Properties' carbon footprint across the entire value chain, encompassing Scope 1, 2, and 3, amounted to 1,347,264 tCO2e. In which scope 1 was 1,539 tCO2e, scope 2 was 224,354 tCO2e and scope 3 was 1,121,371 tCO2e. Aldar Properties strives to achieve a 90% reduction in Emission Intensity for Scope 1 and 2 and a 45% reduction for Scope 3 by 2030, relative to the levels in 2021. The company acknowledges the need to reduce its energy needs and carbon footprint.
To achieve its net-zero targets, Aldar Properties has taken steps to reduce its environmental footprint and promote green development. The company focuses on innovation and sustainable construction practices, including the adoption of the Estidama building design methodology. It also aims to protect biodiversity and ecosystems in and around its developments and communities. Additionally, Aldar Properties is committed to supporting communities and fostering positive, healthy workplaces and communities through employee well-being initiatives.
Aldar Properties emphasizes the importance of embedding sustainability across its supply chains and ensuring strong governance. The company's commitment to the UN Global Compact and its participation in the world's largest corporate sustainability initiative demonstrate its dedication to responsible business practices.
In conclusion, Aldar Properties has set net-zero targets by 2050 and is actively working towards reducing its energy needs and carbon footprint. The company emphasizes the importance of climate action, aligns with the UN SDGs, and aims to promote sustainable living and inclusive economies. Aldar Properties' sustainability commitment and focus on environmental performance indicate its dedication to mitigating its impact on the environment.
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