Page 35 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/26/24, 10:45 AM Sobha Realty Scores 91 in 2024 GRESB Assessment
In the 2024 GRESB Development Benchmarking Assessment,

Sobha Realty outperformed both global and peer averages,

attaining an exceptional development score of 65 out of 70. This

achievement reaffirms Sobha Realty’s dedication to embedding

ESG principles into its design and construction processes,

advancing sustainable development across its portfolio.

Among its peer group of 23 participants from over 14 countries—

including the United States, United Kingdom, Europe, and Australia

—Sobha Realty ranked ninth, showcasing its rising influence in the

global sustainability landscape.

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)

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