Climate Change Data

Estithmar Holding Q.P.S.C.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Responsible Business
  • Environmental Protection
  • Positive Social Impact
  • Governance, Integrity and Risk Management

Environmental Achievements

  • Minimized greenhouse gas emissions by using energy efficiently and practicing production models to support the transition to a low-carbon economy.

Social Achievements

  • Successfully conducted five groundbreaking surgeries at The View Hospital (TVH), a significant milestone in regional healthcare.
  • Elegancia Healthcare boasts a diverse team of 1,220 medical professionals across 298 specialties and 63 nationalities.
  • Signed agreements to develop and operate the Algerian Qatari-German Hospital, enhancing healthcare accessibility.
  • International visiting doctors’ program attracted over 20 medical experts.
  • Achieved a remarkable 92% satisfaction rate from FIFA 2022 clients.
  • Expanded in KSA with an office in Riyadh, securing projects exceeding QAR 2.5 billion.
  • Lusail Winter Wonderland drew over 300,000 visitors.
  • Al Maha Island welcomed an average of over 10,000 daily visitors.
  • Significant progress on the Rosewood Maldives project.
  • Comprehensive marketing strategy devised to promote Branded Residences.
  • Katara Hills and Maysan Doha continue to attract over 10,000 visitors each.
  • Empowering Diversity & Inclusion by increasing the number of females to 904 (25.5% of total manpower).
  • Supporting the hiring of Qataris by developing a new Qatarization Program.
  • Regional expansion of HR team covering Elegancia Arabia Contracting in KSA.

Governance Achievements

  • ESG Disclosure aligned with QSE ESG Guidance and adheres to international best practices including GRI Standards, UN SDGs, and Qatar National Vision 2030.
  • Implemented a whistle-blowing section on the website to encourage reporting of wrongdoing.
  • Maintained a record of zero fatal accidents in health and safety.
  • Established a comprehensive competencies framework to guide hiring, performance evaluations, and employee development.
  • Introduced a Succession planning framework to develop future leaders.
  • Implemented an internal HR newsletter “HR Pulse” to enhance communication and engagement.

Climate Goals & Targets

Short-term Goals:
  • Increase the proportion of local content in the supply chain to 21%.

Environmental Challenges

  • Ongoing geopolitical uncertainty.
  • Changes in regional and global economic conditions.
  • Fluctuating economic factors.
  • Threat of external cyber-attacks.
  • Competition and pricing pressures.
  • Ongoing regulatory and legal challenges.
  • Financial exposures.
  • Risk of litigation.
Mitigation Strategies
  • Leveraging local expertise and knowledge.
  • Proactive management of employee security.
  • Analyzing economic factors during annual budgeting and planning.
  • Regular analysis and monitoring of market conditions.
  • Investment in networks, products, and service offerings.
  • Growth and development of digital products and services.
  • Active management of litigation cases by legal counsel.
  • Maintaining adequate reserves, banking facilities, and reserve borrowing facilities.
  • Dealing only with creditworthy counterparties and obtaining sufficient collateral.

Supply Chain Management

Responsible Procurement
  • Actively incorporating local content into the supply chain.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, United Nations Sustainable Development Goals (SDGs), Ten UN Principles, Qatar National Vision 2030

Certifications: ISO 14001:2015

Third-party Assurance: Russell Bedford and Partners

Awards & Recognition

  • National Award for the Leisure Project of the Year (Lusail Winter Wonderland)