Page 38 - SOBHA REALTY PR REPORT - NOVEMBER 2024
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11/26/24, 10:46 AM Sobha Realty scores 91, reaches new heights in 2024 GRESB assessment
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.
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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.
https://www.zawya.com/en/press-release/companies-news/sobha-realty-scores-91-reaches-new-heights-in-2024-gresb-assessment-ptyy9aoy 2/3
