Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance and Compliance
• Climate Change and Energy Management
• Innovation and Digitisation
• Health and Safety
• Talent Attraction, Retention and Development
• Economic Performance
• ESG Investing
• Efficient Use of Water
• Efficient Use of Raw Materials
• Customer Experience
• Greener Buildings
• Diversity and Inclusion
• Sustainable Sourcing
• Biodiversity
• Community Engagements

Environmental Achievements

• 44% decrease in energy intensity (GJ/m3 of space) compared to 2018
• 33% of total water consumption recycled and reused
• 85% energy savings realised by lighting solutions
• 20%-30% energy savings through glass solutions
• 40% energy saving through district cooling
• 40% energy saving through glass-insulation solutions
• 90% efficiency in refrigeration through insulation
• 572,315 kwh of green energy generated
• 100% LED light replacement at Emirates Glass office areas and 70% at the factory
• Installation of roof-top solar panels at two Emirates Glass locations expected to generate 210,790 kwh of green energy per month
• Planting 22,300 trees and shrubs in Dubai Investment Park

Social Achievements

• Al Mal Capital PSC voted ‘UAE Asset Manager of the Year’ at Mena Fund Manager Performance Awards for second year in a row
• 21% decrease in employee lost-time injury frequency rate compared to 2018
• AED 1.5 m invested in community engagement initiatives
• Implementation of remote working policy
• Implementation of a new website at Emicool to enhance customer experience
• Implementation of virtual chat functionality and call centre operations at Dubai Investments Park to reduce response time for customer queries
• Various employee wellbeing initiatives during COVID-19 pandemic (distribution of multivitamins, online courses, sanitisers, Q&A sessions with healthcare professionals, etc.)

Governance Achievements

• Formation of an independent Risk Committee
• Restructuring of the Audit Committee, Nomination & Rewards Committee
• Implementation of a new policy on “Ethical Business Practices”
• Implementation of a new policy on “ESG Due Diligence Processes for Acquisitions”
• Implementation of a “Sustainable/ Green Procurement Policy”

Climate Goals & Targets

Environmental Challenges

• Significant disruption and uncertainty in operations due to the COVID-19 pandemic
• 6% increase in GHG emissions from Emicool in 2020
• Increase in total water consumption due to an added plant at Emicool

Mitigation Strategies

• Implementation of preventive measures and adaptation of operational processes during COVID-19
• Initiation of multiple studies on energy efficiency improvement and energy management at Emicool
• Installation of VSD chillers, replacement of pumps, improved automated operational control, retrofitting of LS chillers at Emicool
• Introduction of a new mode of operation by changing the charging and discharging of thermal energy storage tanks at Emicool
• Implementation of Siemens Demand Flow® Solution for Chilled Water systems at Emicool's Al Jadaf District Cooling Plant
• Installation of LED streetlights at Emirates Float Glass campus
• Replacement of a high-capacity pump with a low-capacity cold well pump at Emirates Float Glass
• Conversion of 50% of Emicool's fleet to electric vehicles in 2019, aiming for 100% by 2024
• Improving cooling towers water cycles of concentration (COC) at Emicool to reduce freshwater consumption
• Waste management initiatives at Emirates Glass (reducing paper waste, reusing printer cartridges, safe disposal of e-waste, recycling aluminium oxide)

Supply Chain Management

Responsible Procurement

• Sustainable/ Green Procurement Policy
• Promoting local businesses (80% of total procurement budget spent on local suppliers)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Standards: Core option

Certifications: ISO 14001:2015 (Emicool, Emirates Glass, Emirates Float Glass, Emirates Building Systems), ISO 45001:2018 (Emirates Glass, Emirates Float Glass, Emirates Building Systems)

Sustainable Products & Innovation

• Energy efficient glass products
• Green buildings

Awards & Recognition

• Al Mal Capital PSC voted ‘UAE Asset Manager of the Year’ at Mena Fund Manager Performance Awards

Environmental Metrics

ESG Focus Areas

• Integrity
• Economic Impact
• Responsible Operations
• Natural Resources
• Strong Workforce
• Valuable Relationships
• Supporting Communities

Environmental Achievements

• 24% reduction in direct GHG emissions (Scope 1)
• Installation of 4,400 solar panels on Emirates Glass factory roof generating 2,800 MWh annually and avoiding approximately 1,200 tonnes CO2 emissions
• 12 new recycling centers added in collaboration with Imdaad
• 43% increase in wastewater reuse at Emicool
• 18% decrease in GHG emissions from Emirates Building Systems

Social Achievements

• AED 1.74 million community investment
• 72% of local suppliers engaged
• Establishment of a Junior Leadership program and a Young Investor Competition
• Organization of a Blood Donation Camp
• Rollout of Yammer for internal communication
• Launch of 'Express Your Love For UAE' competition

Governance Achievements

• Board review commissioned by independent consultants (Protiviti)
• Establishment of a Corporate Culture Committee
• 100% Board meeting attendance rate

Climate Goals & Targets

Environmental Challenges

• Increase in electricity consumption at Emicool leading to higher emissions intensity
• Employee turnover increased to 14% from 12% in 2020
• Lost-time injury frequency rate increased to 4.20 compared to 3.15 in 2020
• Frequency rate of total recordable injuries increased to 20.39 compared to 18.91 in 2020

Mitigation Strategies

• Emicool on track to convert 100% of its fleet to electric cars by 2024
• Implementation of various training and development programs to improve employee retention and engagement
• Ongoing health and safety initiatives, including training and health screenings

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable and green procurement policy
• ESG criteria in supplier selection process
• Supplier Code of Conduct (Emicool is developing one)
• Vetting of suppliers including regulatory compliance (Dubai Investment Real Estate)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001 (Emirates Glass, Emirates Float Glass, Emicool, Emirates Building Systems), ISO 45001 (Emirates Glass, Emirates Float Glass, Emirates Building Systems), OHSAS 18001 (Emicool), ISO 27001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• All 17 SDGs

Mapped GRI disclosure with SDGs

Sustainable Products & Innovation

• Energy efficient glass products
• Green buildings

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Integrity
• Economic Impact
• Responsible Operations
• Natural Resource Protection
• Strong Workforce
• Valuable Relationships
• Community Support

Environmental Achievements

• 32% reduction in total GHG emissions
• 61% reduction in total GHG emissions intensity
• 55.3% of water recycled or reused
• Significant reduction in hazardous waste generated by Globalpharma
• 1.9 million kWh reduction in electricity consumption at Emirates Float Glass

Social Achievements

• AED 1.76m in community investment
• Zero accidents
• 19% increase in total number of local suppliers
• 61% increase in total training hours
• 13% female representation at middle and senior management
• 12% employee turnover (down from 14% the previous year)
• Launched the DI Green Run, a community event promoting sustainability

Governance Achievements

• 100% Board attendance at seven meetings in 2022
• Implementation of an Enterprise Risk Management framework
• Development of a Code of Conduct covering ethics, integrity, and responsibility

Climate Goals & Targets

Environmental Challenges

• Water scarcity in the region
• Reducing environmental impact of operations

Mitigation Strategies

• Implementing water recycling and reuse initiatives (55.3% reuse rate in 2022)
• Implementing Environmental Management Systems (EMS) and ISO 14001 certifications at key subsidiaries
• Investing in energy efficiency technologies and renewable energy sources (Power Purchase Agreement with EEE for Emicool)

Supply Chain Management

Responsible Procurement

• ESG criteria integrated into supplier selection
• Supplier code of conduct (Emicool)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001 (Emirates Glass, Emirates Float Glass, Emicool, Emirates Building Systems), ISO 45001 (Emicool), LEED (Emirates Float Glass)

UN Sustainable Development Goals

• All 17 SDGs

Dubai Investments aims to support all 17 UN SDGs.

Sustainable Products & Innovation

• Energy-efficient glass products
• Green buildings

Awards & Recognition

• Al Mal Capital: Best Regional Asset Management Firm for HNWIs
• Emirates Glass: Best Glass Processor 2022 - Middle East
• Dubai Investments: Included in the Power 100 - Top 20 Developers

Environmental Metrics

ESG Focus Areas

• integrity
• economic impact
• responsible operations
• natural resources
• workforce development
• stakeholder relationships
• community engagement

Environmental Achievements

• 12% reduction in Scope 2 emissions
• 25% of total energy consumption through renewable energy sources
• 9.5% decrease in total Greenhouse Gas (GHG) emissions
• 34,500 trees and ground covers planted

Social Achievements

• 9,173 total training hours delivered
• 35% female representation across senior and middle management
• 100% of employees received performance and career development reviews
• 20 CSR beneficiary organisations supported

Governance Achievements

• Established a centralized Security Operations Centre (SOC)
• Elected first female board member

Climate Goals & Targets

Environmental Challenges

• Increase in Scope 1 emissions due to business expansion
• Increase in water consumption due to increased production and treated water penetration

Mitigation Strategies

• Implementing energy efficiency plans across subsidiaries
• Adopting innovative water recycling and reuse methods
• Implementing hybrid vehicles for security patrolling

Supply Chain Management

Supplier Audits: Annual targeted surveys

Responsible Procurement

• Supplier Code of Conduct
• Integration of sustainability criteria into procurement policies

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, Dubai Financial Market (DFM) ESG Reporting Guidance, UN Sustainable Development Goals (SDGs)

Certifications: null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient glass products
• Double Silver Coated Glass

Awards & Recognition

• Dubai Chamber’s 2020 Corporate Social Responsibility (CSR) Label (Emicool)
• Great Place to Work Certification (Emicool)
• Bronze District Energy Space 2022 Award (Emicool)
• Platinum Award at Global ESG Awards for Notable Water Conservation (Emicool)
• Golden Listing as Sole UAE Float Glass Manufacturer (Emirates Float Glass)
• Best High-End Architectural Glass Manufacturers award (Emirates Glass)
• ICV Certification (Emirates Glass)
• Best Places To Work in the UAE and KSA (Globalpharma)