Page 33 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/27/24, 10:52 AM Sobha Realty Scores 91, Reaches New Heights in 2024 GRESB Assessment | Web Release
Francis Alfred, Managing Director of Sobha Realty, said: “Our significant progress in the GRESB assessment
exemplifies Sobha Realty’s dedication to sustainability and climate leadership. By centring our ESG goals on

sustainable developments, we 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.”

Sobha Realty’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. 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 Sobha Realty’s performance is
held to the highest global standards.

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