Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation & Adoption
• Energy Management & Renewable Energy Usage
• Water Management
• Waste Management
• Human Rights
• Business Ethics, Integrity, Transparency & Corruption
• Employee Health & Safety
• Employee Engagement, Diversity & Inclusion
• Community Engagement & Philanthropy

Environmental Achievements

• Reduced energy consumption by 11.52% compared to 2019 (exceeding the 7% target)
• Reduced greenhouse gas emissions by 10.38% compared to 2019 (exceeding the 7% target)
• Reduced water consumption by 20.39% compared to 2016 (exceeding the 20% target)
• Achieved 59% waste segregation from commercial buildings and 26% from residential communities
• Delivered a first-of-its-kind 3D printed home in Arabian Ranches III

Social Achievements

• Donated AED 100 million to the community Solidarity Fund to support the community through the challenges of Covid-19
• Officially opened a vaccination hub at The Dubai Mall
• Supported SMEs and local businesses by offering rental relief to some of our tenants from 2020 Q2
• Removed all job titles within Emaar, focusing on talent instead of titles
• Donated 400 smart tablets to Dar Al Ber Society to help students with distance learning

Governance Achievements

• Implemented a Bribery & Corruption Policy and Whistle-blower Program
• Established a comprehensive Corporate Anti-Fraud and Whistleblower Policy
• Implemented a ‘Related Party and Conflict of Interest Policy’

Climate Goals & Targets

Environmental Challenges

• Climate change presents physical risks (extreme weather) and transitional risks (regulatory changes, market shifts)
• Covid-19 pandemic disrupted business continuity and required adaptation of policies and operations

Mitigation Strategies

• Developed action plans to improve energy efficiency and reduce GHG emissions
• Developed business continuity plans to manage risks to business operations
• Implemented Covid-19 related initiatives to ensure employee safety and business continuity, including remote working, increased cleaning and sanitization, and provision of PPE

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Regional sourcing of materials to reduce carbon footprint

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Renewable energy investments

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Sustainable Development Goals (SDGs)

Certifications: ISO 50001, ISO 14001, ISO 55001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 6: Clean Water
• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

Initiatives aligned with SDGs through water management program, solar energy initiatives, process optimization and innovation, waste diversion, and energy saving programs.

Sustainable Products & Innovation

• 3D printed homes

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Increased solar PV capacity to 3.16 MW which produced 4,956 MWh energy and avoided 2,002 MTCO2eq in the UAE
• Achieved 55% energy savings from lighting consumption through LED replacements and 60% energy savings through downsizing of equipment at Dubai Fountain
• Achieved energy savings of 64% at Dubai fountain using VFD panels for AHUs
• Adopted smart landscaping to reduce recurrent water waste and costs, with estimated 6% water savings in the UAE
• 80% of wastewater in Dubai Aquarium & Underwater Zoo is recycled and reused
• 100% replacement of single-use plastic cutleries with Eco-friendly sustainable alternatives in the food outlets at Reel cinemas, UAE
• An estimated 11 kL of cooking oil is recycled annually at Reel Cinemas, UAE
• Waste segregation rate of 34% in UAE
• Achieved gold LEED certifications for Emaar Square Shopping Mall and Emaar Square North Tower, Turkey

Social Achievements

• Completed over 56,000+ hours in training and development across the Group
• All employees receive regular performance and career development reviews
• 99% Customer complaints resolved (UAE)
• 4.64 out of 5 Customer satisfaction score (UAE)
• ZERO Fire incident in Dubai
• ~AED 61 Mn CSR expenditure by the Group
• Hosted Ramadan Iftars for various community workers and construction workers in our various masterplans
• Emaar Misr has invested EGP 140 Mn for the first and second phases of Beyout Al Kheir project providing free housing to marginalised communities

Governance Achievements

• 55% Independent Directors on the Board of Directors

Climate Goals & Targets

Environmental Challenges

• Rising construction costs
• Inflationary trends
• Global economic headwinds
• Rising mortgage rates
• Climate change

Mitigation Strategies

• De-risking exposure, development through JV/JDAs
• Utilise our position as the preferred development partner for GREs to access premium land through JV/JDAs
• Conserve cash for the judicious purchase of prime land
• Implementing energy conservation measures and sustainability initiatives at operational assets
• Investing in solar energy, pushing for innovative building designs, deploying advanced building energy management systems

Supply Chain Management

Supplier Audits: Regular audits

Responsible Procurement

• Supplier Code of Conduct
• Supplier assessments
• Increasing local procurements

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS, International framework of the Value Reporting Foundation, GRI 2021 Standards

Certifications: ISO 14001, ISO 55001, ISO 50001, ISO 9001, ISO 41001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7
• Goal 11
• Goal 13

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• District Cooling Utility Provider award, 2022, at CPI’s Climate Control Awards
• Best Community Engagement Company and Community Management Company of the Year award at the Smart Built Environment Awards (SEBA)

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Climate Change Adaptation
• Water Management
• Waste Management
• Biodiversity Conservation
• Customer Satisfaction
• Health, Safety, and Wellbeing
• Talent Attraction and Retention
• Community Impacts
• Diversity and Inclusion
• Legal and Regulatory Compliance
• Anti-Corruption and Bribery Prevention
• Human Rights
• Data Privacy and Security
• Risk Management
• Board Oversight and Accountability
• Ethics and Transparency
• Responsible Procurement
• Innovation and Digital Transformation
• Sustainable Material Use, Design, and Construction
• Green Building Certifications

Environmental Achievements

• Increased y-o-y solar PV capacity by 21% to 11.74 MWp which produced 17.90 GWh energy and avoided 7,246.41 MTCO2eq.
• Achieved a 21% reduction in total waste generated, including general and organic waste, compared to 2022.
• LEED Platinum O+M certification achieved for Burj Khalifa
• Total CO2 savings from sustainable district cooling: 108,031 MTCO2 in 2023
• Reduced 1,184.95 MTCO2eq during the construction of The Oasis.
• 113+ EV chargers installed across communities, malls and retail centres

Social Achievements

• Zero Fatalities across the Group
• 92.6% Customer satisfaction score (UAE)
• 4.5/5 Employee engagement score (UAE)
• Delivered an average of 3.8 training hours for the employees of the Group via the online learning platforms in 2023.
• Provided 28,590 training and development courses for employees in 2023.
• Emiratisation rate of 18% achieved, exceeding the internal target of 15%.

Governance Achievements

• Established an ESG Steering Committee to embed ESG considerations within our existing corporate governance framework.
• Appointed a dedicated ESG head to develop and drive our ESG strategy.
• 100% New suppliers screened for environmental and social parameters (UAE)

Climate Goals & Targets

Environmental Challenges

• Expanding asset scope, rising occupancy levels in existing buildings, annual project handovers, and increasing footfall in malls and residential retail centres leading to increased GHG emissions.
• Increased water consumption due to rising occupancy levels in existing buildings, annual project handovers, asset expansion and growing footfall in malls and residential retail centres.
• Increased waste generation due to rising occupancy levels in existing buildings, annual project handovers, asset expansion and growing footfall in malls and residential retail centres.

Mitigation Strategies

• Energy Management Programme targeting 15-20% carbon emissions and utility cost reduction.
• Various water efficiency initiatives including backwash water utilisation, harmonised water flow rates, eco-friendly chemicals, bio-enzymes for lakes, sewage treatment plant, wastewater recycling, and leak detection system.
• Waste reduction initiatives across hotels, malls, and communities including eliminating plastic waste, large refillable dispensers, eco-friendly consumables, food waste management, and digital kitchen waste solutions.

Supply Chain Management

Supplier Audits: Regular audits undertaken to ensure quality and consistency.

Responsible Procurement

• Supplier assessments
• Health, Safety, and Wellbeing
• Human Rights
• Waste Management
• Water Management
• Anti-Corruption and Bribery Prevention

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI 2021 Standards, United Nations Sustainable Development Goals (UN SDGs), Dubai Financial Market’s (DFM) Guide to ESG Reporting

Certifications: ISO 14001, ISO 45001, ISO 55001, ISO 50001, ISO 9001, ISO 41001, LEED Platinum O+M, Green Key

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Climate Control Awards 2023: ‘District Cooling Utility Provider of the Year 2023’