Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance and Transparency
• Economic Performance
• Our People
• Local Impact
• Environmental Stewardship
• Social Responsibility

Environmental Achievements

• Reduced energy consumption in the head office through measures like solar reflective film application and thermostat readjustment.
• Gulftainer partnered with Bee'ah for waste management and recycling, recycling 26,930kg of waste in 2013.
• Gama Aviation's flights within EEA were below the threshold for EU ETS, exempting them from certificate trading.
• CPS set ambitious targets to reduce energy consumption by 30% by the end of 2015.

Social Achievements

• Launched Imteyaz program for employee development, including educational allowance, performance-based bonuses, and various leave entitlements.
• Partnered with Education for Employment (EFE) to address youth unemployment.
• Supported Dubai Cares' “Adopt a School” initiative, building a school in Nepal for over 160 children.
• Partnered with Cherie Blair Foundation for Women to mentor female entrepreneurs.

Governance Achievements

• Established an ESG Principles policy to integrate ESG considerations into investment evaluation and decision-making.
• Developed anti-corruption policies and procedures across various subsidiaries.
• Implemented data protection policies and IT security systems to protect employee and customer data.
• Active member of the Pearl Initiative to promote transparency and best business practices in the Gulf Region.

Climate Goals & Targets

Environmental Challenges

• Managing and measuring sustainability performance across a complex global value chain.
• Data limitations in tracking certain KPIs, such as employee training hours.
• Potential human and labor rights violations in the supply chain.
• Lack of a formal sustainability governance structure (addressed by plans to establish one).

Mitigation Strategies

• Working with group companies to guide and advance sustainability performance.
• Developing an Electronic Training Registration System to track training hours.
• Planning to conduct a risk assessment to understand potential human and labor rights violations in the supply chain.
• Planning to establish a structured sustainability governance system.

Supply Chain Management

Responsible Procurement

• Prioritizing local products wherever possible.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Guidelines

Certifications: ISO 9001:2008 (Gulftainer), ISO 14001:2004 (Gulftainer), OHSAS 18001:2007 (Gulftainer), ISO 9001 (Gama Aviation - UK operations), ISO 9001:2008 (URUK)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Governance
• Corporate Citizenship

Environmental Achievements

• Supported various EWS-WWF initiatives focused on biodiversity conservation, environmental awareness, climate change, and reducing the UAE's ecological footprint.

Social Achievements

• Lead partner with the Middle East Theatre Academy, launching the ‘Home Grown’ initiative for underprivileged youth.
• Supported Save the Children’s Healing and Education through the Arts Programme (HEART), reaching over 4,000 children and 400 mothers.
• Supported the Arab Women Sports Tournament (AWST), bringing together 900 female athletes from 14 countries.
• Sponsored the Sharjah International Children’s Film Festival 2014.

Governance Achievements

• Became a signatory of the United Nations Global Compact in 2014.
• Continued as a founding partner of the Pearl Initiative, advocating for transparency and accountability in the Gulf Region.
• Enhanced corporate governance structures within Crescent Enterprises and its subsidiaries.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Sustainability
• Corporate Citizenship

Environmental Achievements

• Significant reductions in resource depletion across our businesses
• Launched a pilot recycling project on its premises in partnership with Bee’ah

Social Achievements

• Creation of over 400 jobs
• Continued to deliver on its pledge to equip 1,000 Arab young people with highly-valuable soft skills by the end of 2017
• Partnered with Sharjah Ladies Club to deliver entrepreneurship workshops targeting 8–13-year-old girls
• Partnered with Sharjah Ladies Club to support its Collage Talent Centre and the Ebriez Exhibition

Governance Achievements

• Establishment of an internal anti-corruption working group

Climate Goals & Targets

Environmental Challenges

• Changing political environments in the US and UK
• Ongoing conflicts around the world
• Deepening refugee crisis in the MENA region
• Challenging period for the global maritime industry
• Adverse economic and political circumstances in Iraq
• Difficult market conditions globally (Brexit uncertainty in Europe, demonetisation in India, slowdown in MENA region due to falling oil prices)

Mitigation Strategies

• Consolidation, restructuring, and digital transformation of operations
• Adapting to economic volatilities and delivering exceptional service
• Expanding market coverage and enhancing efficiencies through technology upgrades
• Pursuing business opportunities in Iraq, broadening scope beyond power plants
• Strategic exit from Clinical Pathology Services (CPS)
• Investing in growth markets in the Middle East, Africa, and developing Asia
• Implementing value creation plan for RAK Ceramics focusing on operational improvements and strategic initiatives

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Sustainable Products & Innovation

• Shamal (industrial clothing)
• Kava & Chai (food and beverage)

Environmental Metrics

ESG Focus Areas

• Sustainable Development Goals (SDGs)
• Environmental Stewardship
• Corporate Governance
• Diversity and Inclusion
• Corporate Citizenship

Environmental Achievements

• Reduced energy consumption per employee by 13.4%, resulting in 414 kg of CO2 emissions avoided per employee.
• Reduced water consumption per employee by 13.6%
• Abolished single-use plastics at headquarters
• Recycled 2,661 reams of paper, saving 187 trees.
• Recycled 391 kg of non-hazardous waste and 1,075 kg of e-waste.

Social Achievements

• Corporate citizenship initiatives reached approximately 60,000 community members.
• Launched Crescent Learning Month, providing 137 hours of training to employees.
• 14% of new hires were female.
• Implemented a ‘Mother and Wellness Policy’ with 100% utilization by eligible female employees.
• Employee Volunteer Programme enabled 119 hours of volunteering work.

Governance Achievements

• Established four committees (Investment, Sustainability, Human Resources, and Corporate Citizenship) to oversee operations.
• Partnership with the UN Global Compact (since 2013) and the Pearl Initiative.
• Implemented a zero-tolerance policy against bribery and corruption.
• Regularly communicated anti-corruption policies to employees (300 employees in 2019).

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown in 2019.
• COVID-19 pandemic disrupting supply chains and investment flows.
• Variable SDG alignment across diverse sectors and geographies.
• Integrating ESG parameters across a diverse portfolio.

Mitigation Strategies

• Diversified portfolio across multiple industries and geographies.
• Focus on high-impact investments with robust business models and ESG standards.
• Value-chain approach to SDG alignment, considering regional priorities.
• Robust internal measures governing ESG considerations in the portfolio, aligning with UN SDGs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Kava & Chai assesses coffee and tea suppliers on environmental and social performance.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Global Compact Principles

Certifications: ISO 45001 (Gulftainer), ISO 14001:2015 (Amecath)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3 (Good Health and Well-being)
• Goal 4 (Quality Education)
• Goal 5 (Gender Equality)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 17 (Partnerships for the Goals)

Crescent Enterprises' business strategy, operations, and investments contribute to these SDGs.

Sustainable Products & Innovation

• Shamal's sustainable workwear
• ION's green mobility solutions

Awards & Recognition

• Gama Aviation named Business Aircraft Operator of the Year.
• Sharjah Container Terminal awarded International Safety Award and RoSPA Gold Award.
• Momentum Logistics received International Safety Award and RoSPA Gold and Silver Awards.
• Kava & Chai featured in BBC Good Food Middle East Magazine Awards.

Environmental Metrics

ESG Focus Areas

• Governance
• People
• Society
• Environment

Environmental Achievements

• Gulftainer installed hybrid Rubber Tyred Gantries (RTGs) in each of its terminals, eliminating carbon emissions and noise pollution.
• Gulftainer recycled 100% of its hazardous and non-hazardous waste.
• Momentum replaced its UAE transportation fleet with fuel-efficient trucks, raising productivity and efficiency.
• GTW added five all-electric RTG cranes at the Port of Wilmington.
• SCT increased quayside vessel productivity by 12% and reduced fuel consumption by 9%.

Social Achievements

• Launched a breast cancer awareness workshop for women employees.
• Added an annual health screening benefit for employees and their spouses aged 40 and above.
• Increased the number of employees hired from local communities to 25% of the total workforce.
• Implemented several initiatives to improve employee well-being and engagement.

Governance Achievements

• Reported no instances of corruption or non-compliance with anti-corruption policies.
• Aligned with key global and regional impact initiatives, including the UNGC and the Pearl Initiative.
• Continued to strengthen corporate governance standards and processes.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic and the Suez Canal blockage.
• Heightened loss cost pressures for home repairs (Hippo).

Mitigation Strategies

• Gulftainer invested over $50 million in Jubail Commercial Port and completed a $37 million container yard project in Wilmington.
• Momentum implemented a new strategy to position itself as a leading logistics provider.
• Gama Aviation adopted a market-focused organizational structure and focused on controlling costs and enhancing revenues.
• Hippo concluded the year operationally and financially strong, positioned to weather financial market volatility.

Supply Chain Management

Responsible Procurement

• Gama Aviation developed a supply chain charter outlining best practices in eight areas, including human rights and child labour, procurement and anti-corruption, health and safety.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Sustainable Development Goals (SDGs), World Economic Forum’s Stakeholder Capitalism Metrics (SCM)

Certifications: ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO/IEC 27001:2013

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 8
• SDG 9
• SDG 10
• SDG 12
• SDG 13
• SDG 16
• SDG 17

The report details how various initiatives contribute to these goals across different platforms.

Awards & Recognition

• Royal Society for the Prevention of Accidents (RoSPA) Gold Award (SCT and Momentum)
• International Safety Award from the British Safety Council (Momentum)
• Transformational Project of the Year (Gulftainer)

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy transition
• Diversity and inclusion
• Community engagement
• Responsible investment
• Corporate governance

Environmental Achievements

• Gulftainer reduced diesel consumption by 25% and petrol consumption by 21% year-on-year.
• Gulftainer achieved a 100% recycling rate for hazardous and non-hazardous waste for the fourth consecutive year.
• Kava & Chai reduced food wastage by 50% while increasing food revenues by 20%.
• Kitopi saved one million tonnes of CO2 emissions and tripled its food miles savings.

Social Achievements

• Launched a financial literacy initiative for children of determination in partnership with Habaybna.net.
• BreakBread grew its host base by 50%, forging partnerships with key entities and enriching community-driven dining experiences.
• Gulftainer supported the 10th edition of the Sharjah International Film Festival for Children and Youth.
• Crescent Enterprises pledged to impact 100,000 lives in the MENASA region by 2025 through the WEF EDISON Alliance.

Governance Achievements

• Crescent Enterprises received the Impact Seal Platinum Tier from Majra, the UAE’s National CSR Fund.
• No incidents of corruption, bribery, or non-compliance with relevant policies were reported in 2023.
• Crescent Enterprises has been a signatory to the UNGC since 2013.

Climate Goals & Targets

Environmental Challenges

• Global supply chain disruptions in the Red Sea region.
• Turbulent market conditions in venture capital.
• Economic conditions limiting growth and impacting margins in Gama Aviation.
• Change in taxation policy and increase in tax rates for real money-based gaming companies in India.

Mitigation Strategies

• Gulftainer’s KCT offers the shortest steaming distance for international shipping lines, providing efficiency and connectivity.
• CE-Ventures’ portfolio showed resilience with an IRR of 27.2% and MOIC of 2.4 times.
• Gama Aviation sold its USA MRO business to optimize efficiencies and service delivery.
• MPL strategically adjusted its operations to create further operational efficiency and resilience.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing practices
• Consolidation of food vendors (Kava & Chai)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Universal Standards, UN Sustainable Development Goals (SDGs), World Economic Forum’s Stakeholder Capitalism Metrics (SCM)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, Gulf SQAS

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 8
• SDG 9
• SDG 10
• SDG 11
• SDG 12
• SDG 13
• SDG 16
• SDG 17

Detailed in the report by platform.

Sustainable Products & Innovation

• Hybrid Tyred Gantries (Gulftainer)
• SeaGraze™ (Symbrosia)

Awards & Recognition

• Impact Seal Platinum Tier (Majra)
• Gold Medal Health and Safety Award (RoSPA) (Gulftainer)
• Best Cybersecurity in Port Operations (Gulftainer)
• Digital Transformation Leader of the Year (Gulftainer)
• Open Banking Platform of the Year 2023 (Tarabut)
• Banking and Finance Company of the Year 2023 (Tarabut)
• VC Deal of the Year (Jungle Ventures)