Climate Change Data

ESHRAQ INVESTMENTS PJSC

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:6,623 tonnes of CO2eq
Scope 1 Emissions:15.27 tonnes of CO2eq
Scope 2 Emissions:6,608.22 tonnes of CO2eq
Total Energy Consumption:9,775,307.30 kWh (electricity) + 6,598 L (petrol)
Water Consumption:10,522 m3
Carbon Intensity:161.55 tonnes of CO2eq/employee in 2022

ESG Focus Areas

  • Governance
  • Energy and climate
  • Environmental resource management
  • Employee wellbeing and talent management
  • Ethics and compliance
  • Local Communities
  • Customer health and safety

Environmental Achievements

  • Implemented measures to better manage energy consumption, including AC thermostat adjustments, lights off policies, and equipment sleep modes.
  • Implemented a new Building Management System at Nuran Marina to monitor and control AC temperatures, reducing energy consumption and manual intervention.
  • Initiatives to reduce paper usage through digitalization (ACONEX software, digital policy documents).

Social Achievements

  • Maintained open dialogue between management and employees to address increased workload challenges.
  • Employs a female Emirati employee at a senior management level.
  • Provided training and internships for law students.
  • Invested AED 2 million in the Beans and Pages Library.

Governance Achievements

  • Established a codified Terms of Reference for Nomination and Remuneration Committees.
  • Implemented a Whistleblowing Policy.
  • Adherence to all applicable laws and regulations under the Ministry of Human Resources & Emiratization.

Climate Goals & Targets

Environmental Challenges

  • Increased workload for employees in 2022.
  • Post-Covid-19 return of customers with higher expectations for hygiene, comfort, and safety at Nuran Marina.
Mitigation Strategies
  • Open dialogue and supportive work culture to address employee workload.
  • High levels of service and quality at Nuran Marina to meet customer expectations, partnering with online booking channels for regular service and facility reviews and guest feedback.

Supply Chain Management

Responsible Procurement
  • Prioritizing procurement from local suppliers (over 90% in 2022).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ADX ESG Reporting Guide, GRI, SASB, UN Sustainable Development Goals (SDGs)