Page 31 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/27/24, 10:52 AM Sobha Realty reaches new heights in 2024 GRESB assessment
create meaningful and positive impact, especially in environmental sustainability. Our ambition is to
set new standards for sustainable development that benefits our communities, stakeholders, and the
planet,” Francis Alfred, managing director of Sobha Realty.
The company’s GRESB assessment success exemplifies its leadership in sustainability and further
reinforces its commitment to UAE’s vision for a sustainable future, such as the UAE Net Zero by
2050 strategic initiative, UAE circular economy policy and UAE’s Green Agenda.

Read: Sobha Realty raises total sukuk holdings to $500 million with $230 million tap
Pioneering strategy
Over the past years, the developer has continuously pioneered high-quality climate reporting with its
three comprehensive ESG reports and two greenhouse gas (GHG) assessments, which form the
basis of its systematic emissions reduction strategy, further supporting the UAE’s climate goals.
Moreover, Sobha Realty’s Task Force on Climate-related Financial Disclosures (TCFD) report
provides valuable insights into climate change impacts outlining robust governance and risk
management strategies for a sustainable future.
GRESB is an independent organization providing validated ESG performance data and peer
benchmarks, enhancing industry-wide engagement, decision-making, and business intelligence. Its
rigorous process consists of data validation, scoring, and peer comparison, ensuring the developer’s
performance is held to the highest global standards.

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