Middle East

Aldar holds a position within two global ESG benchmarks

Aldar Properties Environment, society, governance The (ESG) rating within the two major global benchmarks, the Dow Jones Sustainability Index (DJSI) and Sustainability, is driven by widespread progress and improvements across its core sustainability pillars.

The company has made significant strides in monitoring environmental impacts, incorporating environmental impacts into management reporting and decision-making processes, and launching new social impact initiatives.

In 2021, Alder scored 58 points at DJSI. This is a 53% improvement over the previous year from the 38 points earned in 2020. The company is currently among the top 13% of 237 global real estate companies invited to answer DJSI. questionnaire.

In addition, Aldar scored 16.6 on the Sustainalytics ESG risk assessment scale. This indicates a low level of ESG risk. Results are measured on a scale from 0 to 100 and ratings from 10 to 20 are classified as “low risk”. Alder was ranked 9th in the world ranking of 107 decentralized real estate companies analyzed. It also maintained its BB rating in the 2021 Morgan Stanley Consumer Price Index. It tracks your exposure to ESG risks and how well your company manages these risks compared to its peers.

Aldar’s rating meets the average global rating of the companies on the list.

Abu Dhabi-based companies’ efforts to improve environmental performance are based on several integrated policies, group-wide energy audit projects, and recent responses to the Task Force on Climate Related Financial Disclosures, an ESG rating agency. Was acknowledged by. All of this contributed to the improvement of the evaluation.

Alder was also recognized as a pillar of the community, following an initiative to ensure equal employment opportunities in line with its diversity and inclusion strategy and to protect workers’ rights as part of their worker welfare strategy. ..

We have also seen improvements in the pillars of economic impact as we mitigate ESG risks through effective risk management policies and increased transparency in corporate governance.

Greg Fewer, Chief Financial Officer and Sustainability Officer at Aldar, said: Improving third-party ESG scores reflects a consistent and broad integration of sustainability practices in everything we do. “

read: Aldar Properties will be MENA’s first real estate company to secure sustainability-linked loans

https://gulfbusiness.com/aldar-gains-ground-within-two-global-esg-benchmarks/ Aldar holds a position within two global ESG benchmarks

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