Middle East

Aldar advises SBTi on net-zero target for real estate sector

Aldar Properties (Aldar) has partnered with the Expert Advisory Group of the Science Based Targets Initiative (SBTi) to advise bodies on science-based net-zero target setting for real estate and construction companies around the world.

SBTi is a partnership of CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wildlife Fund (WWF).

Over 3,000 companies worldwide join forces with SBTi to reduce emissions, keep global warming below 2°C above pre-industrial levels, and pursue efforts to limit warming to 1.5°C We support the goals of the Paris Agreement.

SBTi aims to help companies reduce emissions in the real economy by promoting science-based targeting.

Aldar’s senior executives share their expertise with SBTi, enabling the creation of consistent, science-based target principles, definitions, and metrics that are used as benchmarks for real estate and construction companies around the world.

The methodology developed by the Building Project Advisory Group will be available at no additional cost to all SBTi stakeholders to support alignment with the goals of the Paris Agreement after being endorsed by CDP, UNGC, WRI and WWF. You will be able to

Aldar Group Chief Financial and Sustainability Officer Greg Fewer said: regional. As investors, lenders and rating agencies demand greater access to non-financial corporate metrics, the need to put in place credible and uniform reporting standards and instruments becomes increasingly urgent.

“Real estate and construction companies around the world have an opportunity to play a leading role in the fight against climate change, and the work we do with our partners at SBTi will support the world’s path to net zero. will.”

https://gulfbusiness.com/aldar-to-advise-science-based-targets-initiative-on-net-zero-targets-for-real-estate-sector/ Aldar advises SBTi on net-zero target for real estate sector

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